Business Segments · Property taxes
Triple-net — Property taxes
Welltower Triple-net — Property taxes increased by 0.2% to $5.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.7%, from $5.97M to $5.80M. Over 3 years (FY 2022 to FY 2025), Triple-net — Property taxes shows a downward trend with a -10.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026Apr 29, 2026
Rolls up toProperty taxes
How to read this metric
Increases generally reflect higher property valuations or tax rate hikes, which may impact net margins if not recoverable.
Detailed definition
Represents the property tax obligations for assets in the triple-net segment that are not paid directly by the tenant. T...
Peer comparison
Standard REIT expense; highly comparable across all real estate sectors.
Metric ID:
well_segment_triple_net_property_taxesHistorical Data
17 periods
| 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 | $8.28M | $8.28M | $8.28M | $8.28M | $8.24M | $8.24M | $8.24M | $8.24M | $8.15M | $7.82M | $6.72M | $7.23M | $5.97M | $6.00M | $5.90M | $5.79M | $5.80M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -0.5% | +0.0% | +0.0% | +0.0% | -1.1% | -4.0% | -14.1% | +7.7% | -17.5% | +0.5% | -1.6% | -1.9% | +0.2% |
| YoY Change | — | — | — | — | -0.5% | -0.5% | -0.5% | -0.5% | -1.1% | -5.1% | -18.5% | -12.2% | -26.8% | -23.3% | -12.1% | -20.0% | -2.7% |
Range$5.79M – $8.28M
CAGR-8.5%
Avg YoY Growth-9.5%
Median YoY Growth-5.1%
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Frequently Asked Questions
- What is Welltower's triple-net — property taxes?
- Welltower (WELL) reported triple-net — property taxes of $5.80M in Q1 2026.
- How has Welltower's triple-net — property taxes changed year-over-year?
- Welltower's triple-net — property taxes decreased by 2.7% year-over-year, from $5.97M to $5.80M.
- What is the long-term trend for Welltower's triple-net — property taxes?
- Over 3 years (2022 to 2025), Welltower's triple-net — property taxes has grown at a -10.6% compound annual growth rate (CAGR), from $33.13M to $23.66M.
- What does triple-net — property taxes mean?
- Property tax expenses incurred by the company for its triple-net segment assets.