Business Segments · Resident fees and services
Triple Net — Resident fees and services
Welltower Triple Net — Resident fees and services increased by 33.1% to $381.62M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 664.6%, from $49.91M to $381.62M. Over 4 years (FY 2021 to FY 2025), Triple Net — Resident fees and services shows an upward trend with a 7.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2015
Last reportedQ4 2025
Rolls up toTotal Revenue
How to read this metric
Growth indicates increased service utilization or higher demand for the care provided at these facilities.
Detailed definition
Revenue generated from services provided to residents within the triple-net portfolio, distinct from base rental income....
Peer comparison
Commonly reported as 'resident fee revenue' in senior housing and healthcare REITs.
Metric ID:
well_segment_triple_net_resident_fees_and_servicesHistorical 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 | $238.94M | $239.99M | $243.18M | $235.16M | $234.36M | $228.82M | $233.17M | $238.07M | $302.13M | $236.32M | $266.81M | $269.73M | $188.61M | $280.52M | $49.91M | $255.03M | $273.75M | $286.64M | $381.62M |
| QoQ Change | — | +0.4% | +1.3% | -3.3% | -0.3% | -2.4% | +1.9% | +2.1% | +26.9% | -21.8% | +12.9% | +1.1% | -30.1% | +48.7% | -82.2% | +410.9% | +7.3% | +4.7% | +33.1% |
| YoY Change | — | — | — | — | -1.9% | -4.7% | -4.1% | +1.2% | +28.9% | +3.3% | +14.4% | +13.3% | -37.6% | +18.7% | -81.3% | -5.5% | +45.1% | +2.2% | +664.6% |
Range$49.91M – $381.62M
CAGR+11.0%
Avg YoY Growth+43.8%
Median YoY Growth+2.2%
Current Streak4 quarters growth
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Frequently Asked Questions
- What is Welltower's triple net — resident fees and services?
- Welltower (WELL) reported triple net — resident fees and services of $381.62M in Q4 2025.
- How has Welltower's triple net — resident fees and services changed year-over-year?
- Welltower's triple net — resident fees and services increased by 664.6% year-over-year, from $49.91M to $381.62M.
- What is the long-term trend for Welltower's triple net — resident fees and services?
- Over 4 years (2021 to 2025), Welltower's triple net — resident fees and services has grown at a 7.7% compound annual growth rate (CAGR), from $890.58M to $1.20B.
- What does triple net — resident fees and services mean?
- Income earned from providing services to residents in the triple-net properties.