Business Segments · Rental income
Triple Net — Rental income
Welltower Triple Net — Rental income increased by 33.1% to $381.08M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 103.9%, from $186.87M to $381.08M. Over 4 years (FY 2021 to FY 2025), Triple Net — Rental income shows an upward trend with a 11.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2025
How to read this metric
Higher rental income indicates strong occupancy, successful rent escalations, or portfolio growth.
Detailed definition
The primary revenue stream derived from lease agreements within the triple-net segment, where tenants are typically resp...
Peer comparison
The standard top-line revenue metric for all triple-net lease REITs.
Metric ID:
well_segment_triple_net_rental_incomeHistorical Data
19 periods
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $204.73M | $200.64M | $203.61M | $196.00M | $197.18M | $191.44M | $197.70M | $202.42M | $198.92M | $194.91M | $218.50M | $221.74M | $141.15M | $227.53M | $186.87M | $252.69M | $273.39M | $286.35M | $381.08M |
| QoQ Change | — | -2.0% | +1.5% | -3.7% | +0.6% | -2.9% | +3.3% | +2.4% | -1.7% | -2.0% | +12.1% | +1.5% | -36.3% | +61.2% | -17.9% | +35.2% | +8.2% | +4.7% | +33.1% |
| YoY Change | — | — | — | — | -3.7% | -4.6% | -2.9% | +3.3% | +0.9% | +1.8% | +10.5% | +9.5% | -29.0% | +16.7% | -14.5% | +14.0% | +93.7% | +25.9% | +103.9% |
Range$141.15M – $381.08M
CAGR+14.8%
Avg YoY Growth+15.0%
Median YoY Growth+3.3%
Current Streak4 quarters growth
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Frequently Asked Questions
- What is Welltower's triple net — rental income?
- Welltower (WELL) reported triple net — rental income of $381.08M in Q4 2025.
- How has Welltower's triple net — rental income changed year-over-year?
- Welltower's triple net — rental income increased by 103.9% year-over-year, from $186.87M to $381.08M.
- What is the long-term trend for Welltower's triple net — rental income?
- Over 4 years (2021 to 2025), Welltower's triple net — rental income has grown at a 11.9% compound annual growth rate (CAGR), from $761.44M to $1.19B.
- What does triple net — rental income mean?
- The total rent collected from properties in the triple-net segment.