Welltower (WELL) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined sharply compared with the same quarter of the prior year. The sequential comparison shows a steep rise from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined sharply compared with the same quarter of the prior year. The sequential comparison shows a steep rise from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+772.1%
Change from the immediately preceding quarter.
Year-over-year
-18.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.5B | +29.1% |
| Sep 30, 2022 | $1.5B | +18.9% |
| Dec 31, 2022 | -$168.4M | +28.5% |
| Mar 31, 2023 | $1.1B | -18.9% |
Revenue performance
The reported revenue direction is downward year over year but upward sequentially from the prior quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased considerably. Compared with the same quarter one year earlier, revenue decreased significantly.
What to watch
The filing includes risk factors and a management discussion, but no specific forward-looking revenue guidance is provided.