Revenue breakdown by Products & Services
Revenue breakdown by Geography

Welltower's Revenue by Segment

In fiscal year 2025, Welltower's revenue by segment (products & services) are as follows:

  • Outpatient Medical: $781.93 M
  • Senior Housing - Operating: $8.49 B
  • Triple Net: $1.20 B

Learn more about Welltower’s Revenue by Geography

Check out competitors to Welltower in a side-by-side comparison.

Explore additional financial metrics for Welltower.

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The above chart shows Welltower's revenue percentage share by segment (products and services).

In fiscal year 2023, Welltower's revenue by segment is as follows:

  • Outpatient Medical generated $751.16 M in revenue, representing 11.44% of its total revenue.
  • Senior Housing - Operating generated $4.77 B in revenue, representing 72.68% of its total revenue.
  • Triple Net generated $1.04 B in revenue, representing 15.88% of its total revenue.

The biggest segment for Welltower is the Senior Housing - Operating, which represents 72.68% of its total revenue.
The smallest segment for Welltower is the Outpatient Medical, which represents 11.44% of its total revenue.

The above chart shows Welltower's revenue percentage share by segment (products and services).

In fiscal year 2024, Welltower's revenue by segment is as follows:

  • Outpatient Medical generated $802.11 M in revenue, representing 10.52% of its total revenue.
  • Senior Housing - Operating generated $6.04 B in revenue, representing 79.14% of its total revenue.
  • Triple Net generated $788.77 M in revenue, representing 10.34% of its total revenue.

The biggest segment for Welltower is the Senior Housing - Operating, which represents 79.14% of its total revenue.
The smallest segment for Welltower is the Triple Net, which represents 10.34% of its total revenue.

The above chart shows Welltower's revenue percentage share by segment (products and services).

In fiscal year 2025, Welltower's revenue by segment is as follows:

  • Outpatient Medical generated $781.93 M in revenue, representing 7.47% of its total revenue.
  • Senior Housing - Operating generated $8.49 B in revenue, representing 81.1% of its total revenue.
  • Triple Net generated $1.20 B in revenue, representing 11.44% of its total revenue.

The biggest segment for Welltower is the Senior Housing - Operating, which represents 81.1% of its total revenue.
The smallest segment for Welltower is the Outpatient Medical, which represents 7.47% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Senior Housing - Operating 72.68% 79.14% 81.1%
Outpatient Medical 11.44% 10.52% 7.47%
Triple Net 15.88% 10.34% 11.44%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Welltower.

In fiscal year 2025, the Senior Housing - Operating generated the most revenue ($8.49 B), and the Outpatient Medical generated the least revenue ($781.93 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Outpatient Medical revenue decreased -2.52% ($20.18 M) from $802.11 M (in 2024) to $781.93 M (in 2025).
  • Senior Housing - Operating revenue increased 40.65% ($2.45 B) from $6.04 B (in 2024) to $8.49 B (in 2025).
  • Triple Net revenue increased 51.76% ($408.27 M) from $788.77 M (in 2024) to $1.20 B (in 2025).
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    Summary Table

    Products & Services 2023 2024 2025
    Outpatient Medical $751.16 M - $802.11 M
    6.78%
    $781.93 M
    2.52%
    Senior Housing - Operating $4.77 B - $6.04 B
    26.43%
    $8.49 B
    40.65%
    Triple Net $1.04 B - $788.77 M
    24.40%
    $1.20 B
    51.76%
    Total Revenue $6.57 B - $7.63 B
    16.11%
    $10.47 B
    37.26%