Business Segments · Rental income
Triple-net — Rental income
Welltower Triple-net — Rental income increased by 0.7% to $383.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 51.9%, from $252.69M to $383.80M. 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 reportedQ1 2026Apr 29, 2026
Rolls up toTotal Revenue
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
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $383.80M |
| 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% | +0.7% |
| 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% | +51.9% |
Range$141.15M – $383.80M
CAGR+14.1%
Avg YoY Growth+17.3%
Median YoY Growth+6.4%
Current Streak5 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 $383.80M in Q1 2026.
- How has Welltower's triple-net — rental income changed year-over-year?
- Welltower's triple-net — rental income increased by 51.9% year-over-year, from $252.69M to $383.80M.
- 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.