Welltower (WELL) Revenue — Quarter Ended Jun 30, 2023
Revenue increased from the previous quarter but remained lower than the same period last year. The sequential improvement contrasted with a substantial year-over-year decline.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased from the previous quarter but remained lower than the same period last year. The sequential improvement contrasted with a substantial year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
-21.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Sep 30, 2022 | $1.5B | +18.9% |
| Dec 31, 2022 | -$168.4M | +28.5% |
| Mar 31, 2023 | $1.1B | -18.9% |
| Jun 30, 2023 | $1.2B | -21.3% |
Revenue performance
The reported revenue for the quarter moved higher compared to the immediately preceding quarter.
Quarterly comparison
When measured against the same quarter one year earlier, revenue was significantly lower. The year-over-year decrease was much larger than the sequential increase, indicating a long-term contraction.
What to watch
The year-over-year revenue decline warrants continued monitoring, especially given the sequential uptick.