Welltower WELL Triple-net — Property operating expenses

Other segment segments

Similar metrics at other companies

VTR

VTRTriple-Net Leased Properties — Property-level operating expenses

$2.9M-17.7%

SBRATriple-net portfolio — Operating Expenses

$3.77M+8.5%

AHRTriple Net Leased Properties — Operating Lease Expense

$0—

AHRTriple Net Leased Properties — Utilities Food Repairs And Maintenance And Other Operating Expenses

$0—

VTR

VTRNNN — Property-level operating expenses

$2.9M-17.7%

AHRTriple Net Leased Properties — Operating Income

$9.19M-0.9%

Questions, answered.

What is Welltower's triple-net — property operating expenses?

Welltower (WELL) reported triple-net — property operating expenses of $7.81M in Q1 2026.

How has Welltower's triple-net — property operating expenses changed year-over-year?

Welltower's triple-net — property operating expenses decreased by 11.5% year-over-year, from $8.82M to $7.81M.

What is the long-term trend for Welltower's triple-net — property operating expenses?

Over 4 years (2021 to 2025), Welltower's triple-net — property operating expenses has grown at a -9.5% compound annual growth rate (CAGR), from $49.46M to $33.23M.

What does triple-net — property operating expenses mean?

Aggregates the direct costs incurred to operate and maintain properties within the triple-net segment. In a true triple-net structure, most of these costs are typically passed through to the tenant, so significant expenses here may indicate non-recoverable costs or specific lease structures.