• Welltower average operating margin for 2023 was 14.26%, a 7.54% increase from 2022.
• Welltower average operating margin for 2022 was 13.26%, a 11.54% increase from 2021.
• Welltower average operating margin for 2021 was 14.99%, a 11.62% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.