Welltower Triple-net — Property operating expenses increased by 3.6% to $7.81M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.5%, from $8.82M to $7.81M. Over 4 years (FY 2021 to FY 2025), Triple-net — Property operating expenses shows a downward trend with a -9.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal rising non-recoverable costs or portfolio expansion, while a decrease suggests improved cost-recovery efficiency.
Aggregates the direct costs incurred to operate and maintain properties within the triple-net segment. In a true triple-...
Standard REIT metric; peers report this to show the net impact of property-level operations.
well_segment_triple_net_property_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.63M | $11.66M | $12.33M | $11.21M | $11.49M | $11.50M | $10.29M | $11.72M | $10.60M | $10.04M | $9.83M | $10.82M | $10.50M | $9.35M | $10.07M | $8.82M | $8.65M | $8.23M | $7.53M | $7.81M |
| QoQ Change | — | -7.6% | +5.7% | -9.1% | +2.5% | +0.0% | -10.5% | +14.0% | -9.6% | -5.2% | -2.1% | +10.1% | -3.0% | -11.0% | +7.7% | -12.4% | -1.9% | -4.9% | -8.4% | +3.6% |
| YoY Change | — | — | — | — | -9.0% | -1.4% | -16.6% | +4.6% | -7.8% | -12.6% | -4.4% | -7.7% | -1.0% | -7.0% | +2.4% | -18.5% | -17.6% | -12.0% | -25.2% | -11.5% |