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Welltower Inc. logo

Welltower Inc.

WELL

NYSEReal EstateREIT - Healthcare Facilities

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Previous close

$239.3

+$1.90 · +0.80%

Aug 21, 4:00 PM ET

WELL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

0

Overpriced

Momentum

60

Neutral

Sentiment

68

Bullish

Risk resilience

79

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Welltower Inc. (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is a leader in reshaping healthcare infrastructure. This Real Estate Investment Trust (REIT) strategically collaborates with premier operators in seniors housing, post-acute care, and health systems. Their core mission is to finance the vital property assets required to expand innovative care delivery models, thereby enhancing overall public wellness and healthcare experiences. Welltower's portfolio encompasses a variety of properties, including seniors housing, post-acute communities, and outpatient medical facilities, all situated primarily within key, rapidly growing markets across the United States, Canada, and the United Kingdom.

Industry
REIT - Healthcare Facilities
Sector
Real Estate
Headquarters
US
CEO
Shankh S. Mitra
Listed since
Mar 19, 1980
Employees
712

Market position

Day range

Current $239.3

52-week range

Current $239.3

Open
$238
Previous close
$237.4
Volume
2.42M
0.73× average
Average volume
3.32M
Average daily volume
Market cap
172.43B USD
Beta
0.76
Market reference 1
50-day average
$231.46
+3.39% above average
200-day average
$208.19
+14.94% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
139.9B USD
P/E (TTM)
123.99×
P/B (TTM)
3.63×
P/S (TTM)
13.67×
EV / EBITDA
60.55×
Earnings yield
0.76%
Free cash flow yield
2.31%
Dividend yield
1.28%

Profitability & efficiency

Gross margin
38.82%
Operating margin
5.40%
Net margin
10.67%
Return on equity
2.22%
Return on assets
1.39%
Return on invested capital
0.54%

Financial health

Debt / equity
0.42×
Current ratio
5.34×
Altman Z-score
4.63
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%29%14%-1%Gross margin, FY2021: 41.09%Gross margin, FY2022: 38.39%Gross margin, FY2023: 39.06%Gross margin, FY2024: 38.50%Gross margin, FY2025: 39.18%Operating margin, FY2021: 16.21%Operating margin, FY2022: 12.92%Operating margin, FY2023: 14.52%Operating margin, FY2024: 14.59%Operating margin, FY2025: 3.33%Net margin, FY2021: 7.14%Net margin, FY2022: 2.44%Net margin, FY2023: 5.25%Net margin, FY2024: 12.12%Net margin, FY2025: 8.78%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.09%. Gross margin FY2022 38.39%. Gross margin FY2023 39.06%. Gross margin FY2024 38.50%. Gross margin FY2025 39.18%. Operating margin FY2021 16.21%. Operating margin FY2022 12.92%. Operating margin FY2023 14.52%. Operating margin FY2024 14.59%. Operating margin FY2025 3.33%. Net margin FY2021 7.14%. Net margin FY2022 2.44%. Net margin FY2023 5.25%. Net margin FY2024 12.12%. Net margin FY2025 8.78%.

Income trends

Revenue

10.67B USD+35.82%

Operating income

355.17M USD-69.00%

Net income

936.85M USD-1.56%
Income trends across reported periods11.72B USD7.51B USD3.3B USD−911.38M USDRevenue, FY2021: 4.71B USDRevenue, FY2022: 5.78B USDRevenue, FY2023: 6.48B USDRevenue, FY2024: 7.85B USDRevenue, FY2025: 10.67B USDOperating income, FY2021: 763.36M USDOperating income, FY2022: 746.22M USDOperating income, FY2023: 940.45M USDOperating income, FY2024: 1.15B USDOperating income, FY2025: 355.17M USDNet income, FY2021: 336.14M USDNet income, FY2022: 141.21M USDNet income, FY2023: 340.09M USDNet income, FY2024: 951.68M USDNet income, FY2025: 936.85M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.71B USD. Revenue FY2022 5.78B USD. Revenue FY2023 6.48B USD. Revenue FY2024 7.85B USD. Revenue FY2025 10.67B USD. Operating income FY2021 763.36M USD. Operating income FY2022 746.22M USD. Operating income FY2023 940.45M USD. Operating income FY2024 1.15B USD. Operating income FY2025 355.17M USD. Net income FY2021 336.14M USD. Net income FY2022 141.21M USD. Net income FY2023 340.09M USD. Net income FY2024 951.68M USD. Net income FY2025 936.85M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue10.67B USD7.85B USD6.48B USD5.78B USD4.71B USD
Cost of goods sold6.49B USD4.83B USD3.95B USD3.56B USD2.77B USD
Gross profit4.18B USD3.02B USD2.53B USD2.22B USD1.93B USD
Selling, general, and administrative1.75B USD235.49M USD179.09M USD150.39M USD126.73M USD
Operating expenses3.82B USD1.88B USD1.59B USD1.47B USD1.17B USD
Interest expense651.96M USD574.26M USD607.85M USD529.52M USD489.85M USD
Depreciation and amortization2.14B USD1.68B USD1.44B USD1.34B USD1.05B USD
Operating income355.17M USD1.15B USD940.45M USD746.22M USD763.36M USD
Net income936.85M USD951.68M USD340.09M USD141.21M USD336.14M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-10.37%
11 comparable reports
Latest EPS result
0.61
Estimate 0.62 · Miss by 1.13%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.230.860.490.12Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.19, estimate 0.4, surprise -52.50%, Miss. Q2 2025, reported Apr 28, 2025: actual 0.4, estimate 1.15, surprise -65.22%, Miss. Q3 2025, reported Jul 28, 2025: actual 0.46, estimate 0.455, surprise +1.05%, Beat. Q4 2025, reported Oct 27, 2025: actual 0.41, estimate 0.59, surprise -30.51%, Miss. Q1 2026, reported Feb 10, 2026: actual 0.14, estimate 0.577, surprise -75.74%, Miss. Q2 2026, reported Apr 28, 2026: actual 1.02, estimate 0.679, surprise +50.22%, Beat. Q3 2026, reported Jul 27, 2026: actual 0.61, estimate 0.617, surprise -1.13%, Miss. Q4 2026, reported Oct 26, 2026: actual —, estimate 0.617, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.73B3.14B2.55B1.96BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 2.25B USD, estimate 2.1B USD, surprise +7.04%, Beat. Q2 2025, reported Apr 28, 2025: actual 2.42B USD, estimate 2.34B USD, surprise +3.71%, Beat. Q3 2025, reported Jul 28, 2025: actual 2.55B USD, estimate 2.47B USD, surprise +3.34%, Beat. Q4 2025, reported Oct 27, 2025: actual 2.69B USD, estimate 2.61B USD, surprise +2.79%, Beat. Q1 2026, reported Feb 10, 2026: actual 3.18B USD, estimate 2.86B USD, surprise +11.30%, Beat. Q2 2026, reported Apr 28, 2026: actual 3.35B USD, estimate 3.18B USD, surprise +5.54%, Beat. Q3 2026, reported Jul 27, 2026: actual 3.54B USD, estimate 3.4B USD, surprise +4.15%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 3.59B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$255.18

6.64% upside
Past 12 months12-month forecastHigh $275Average $255.18Low $226

Rating distribution

35 ratings
Strong buy13%
Buy2469%
Hold1029%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
RBC Capital MktsupgradeSector PerformOutperform
JefferiesupgradeHoldBuy
Deutsche BankmaintainBuy

WELL news

seekingalpha.com

REITs Are Mispriced: Where I See Opportunity Today

Temporary headwinds can create major REIT upside. The market often overreacts to short-term problems. Buying quality REITs during downturns can pay off.

Read source
fool.com

RWR vs. HAUZ: Which Real Estate ETF Is the Better Buy for Income Investors?

RWR delivered higher returns over the past one- and five-year periods, while HAUZ offers lower fees and broader diversification.

Read source
defenseworld.net

Top Real Estate Stocks To Add to Your Watchlist – August 9th

Welltower, Prologis, Blackstone, Apollo Global Management, Digital Realty Trust, Equinix, and Macerich are the seven Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks…

Read source
etftrends.com

This Real Estate ETF Has the Foundation for More Upside

After a lengthy run of disappointment, real estate investment trusts (REITs) and the related ETFs are notching some impressive performances this year, with the largest ETF in the category higher by 11%. Proving active…

Read source
defenseworld.net

Top Real Estate Stocks Worth Watching – August 3rd

Blackstone, Welltower, Equinix, Apollo Global Management, and Realty Income are the five Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks are shares of publicly traded…

Read source
defenseworld.net

Real Estate Stocks To Add to Your Watchlist – August 2nd

Welltower, American Tower, and Equinix are the three Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks are shares of publicly traded companies involved in owning,…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.82

2025 complete year+15.6% since 2021

2026 partial: $2.33

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 12, 2026

$0.85

Quarterly

Record Aug 12, 2026 · Payment Aug 20, 2026

Dividend

Ex-dividend May 13, 2026

$0.74

Quarterly

Record May 13, 2026 · Payment May 21, 2026

Dividend

Ex-dividend Feb 25, 2026

$0.74

Quarterly

Record Feb 25, 2026 · Payment Mar 10, 2026

Dividend

Ex-dividend Nov 10, 2025

$0.74

Quarterly

Record Nov 11, 2025 · Payment Nov 20, 2025

Dividend

Ex-dividend Aug 12, 2025

$0.74

Quarterly

Record Aug 12, 2025 · Payment Aug 21, 2025

Dividend

Ex-dividend May 14, 2025

$0.67

Quarterly

Record May 14, 2025 · Payment May 22, 2025

WELL peers

Prologis, Inc. logo

PLD

Prologis, Inc.

$141.8

+0.79%

American Tower Corporation logo

AMT

American Tower Corporation

$175.8

+0.05%

Simon Property Group, Inc. logo

SPG

Simon Property Group, Inc.

$218.29

-0.73%

Digital Realty Trust, Inc. logo

DLR

Digital Realty Trust, Inc.

$190.62

-1.89%

Public Storage logo

PSA

Public Storage

$322.49

-0.08%

Realty Income Corporation logo

O

Realty Income Corporation

$62.60

-0.90%

ETFs holding WELL

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
6.22B
Weight
8.46%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
5.27B
Weight
0.23%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
4.34B
Weight
0.26%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
2.26B
Weight
0.25%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
2.08B
Weight
0.25%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
1.78B
Weight
0.48%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
1.24B
Weight
10.88%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
State Street Real Estate Select Sector SPDR ETF logoState Street Real Estate Select Sector SPDR ETFXLRE
Market value
953.72M
Weight
11.24%
AUM
8.49B USD
Expense ratio
0.08%
Price / 1D
$45.080.00%

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