Operating Expenses
Lease Costs
Welltower Lease Costs increased by 4.6% to $46.14M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 68.7%, from $27.35M to $46.14M. Over 4 years (FY 2021 to FY 2025), Lease Costs shows an upward trend with a 40.5% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2019
Last reportedQ1 2026Apr 29, 2026
How to read this metric
Increasing lease costs may indicate expansion or a shift toward an asset-light strategy, while decreasing costs could signal consolidation or a shift toward asset ownership.
Detailed definition
This metric aggregates the total expenses incurred from leasing arrangements, including operating lease payments, variab...
Peer comparison
Standard across all sectors; peers report this under operating expenses, often broken down in lease-specific disclosures.
Metric ID:
wfc_lease_costsHistorical 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 | $9.85M | $5.94M | $8.24M | $6.85M | $6.98M | $8.08M | $7.54M | $8.14M | $8.21M | $9.55M | $9.28M | $8.83M | $10.00M | $10.05M | $28.61M | $27.35M | $28.90M | $29.09M | $44.10M | $46.14M |
| QoQ Change | — | -39.7% | +38.7% | -16.8% | +1.8% | +15.8% | -6.7% | +8.0% | +0.8% | +16.3% | -2.8% | -4.9% | +13.3% | +0.5% | +184.7% | -4.4% | +5.7% | +0.6% | +51.6% | +4.6% |
| YoY Change | — | — | — | — | -29.1% | +36.0% | -8.5% | +18.8% | +17.7% | +18.1% | +23.0% | +8.4% | +21.8% | +5.2% | +208.3% | +209.9% | +189.0% | +189.4% | +54.2% | +68.7% |
Range$5.94M – $46.14M
CAGR+38.4%
Avg YoY Growth+64.4%
Median YoY Growth+22.4%
Current Streak4 quarters growth
Lease Costs at Other Companies
Frequently Asked Questions
- What is Welltower's lease costs?
- Welltower (WELL) reported lease costs of $46.14M in Q1 2026.
- How has Welltower's lease costs changed year-over-year?
- Welltower's lease costs increased by 68.7% year-over-year, from $27.35M to $46.14M.
- What is the long-term trend for Welltower's lease costs?
- Over 4 years (2021 to 2025), Welltower's lease costs has grown at a 40.5% compound annual growth rate (CAGR), from $33.23M to $129.44M.
- What does lease costs mean?
- The total expense recognized for renting or leasing assets.