Welltower (WELL) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter, but declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the immediately preceding quarter, but declined compared to the same quarter one year earlier.
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
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-18.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 |
|---|---|---|
| Dec 31, 2022 | -$168.4M | +28.5% |
| Mar 31, 2023 | $1.1B | -18.9% |
| Jun 30, 2023 | $1.2B | -21.3% |
| Sep 30, 2023 | $1.2B | -18.6% |
Revenue performance
Sequential revenue rose from the prior quarter, while the year-over-year comparison showed a decline.
Quarterly comparison
The year-over-year decrease contrasts with the sequential improvement, reflecting a mixed performance relative to different time periods.
What to watch
Monitor whether the sequential revenue growth can be sustained given the significant year-over-year decline.