Welltower Inc. (WELL) AI Stock Analysis

Welltower Inc. is an S&P 500 healthcare real estate investment trust based in Toledo, Ohio. The company partners with seniors housing operators, post-acute care providers, and health systems to finance essential healthcare real estate assets. Its property portfolio is strategically situated in major markets across the United States, Canada, and the United Kingdom. Welltower holds interests in seniors housing communities, post-acute care facilities, and outpatient medical properties designed to support aging populations and diverse healthcare delivery models. With 712 employees, the company focuses on sustainability, community impact, and modern healthcare infrastructure.

Welltower expanded annual revenue from $4.71B in FY2021 to $10.67B in FY2025, representing a 5-year revenue CAGR of 18.4%. Revenue rose 35.8% in FY2025, up from 21.2% growth in FY2024 and 12.2% in FY2023. Gross margin was 39.2% in FY2025, compared to 38.5% in FY2024 and 41.1% in FY2021. Operating margin was 3.3% in FY2025, down from 14.6% in FY2024. Net income reached $936.8M in FY2025, or $1.95 per share, compared to $951.7M in FY2024. For the trailing twelve months ended June 30, 2026, revenue totaled $12.76B with an operating margin of 16.6% and EPS of $2.23, while quarterly earnings grew 35.6% year-over-year.

As of June 30, 2026, Welltower held $1.97B in cash and short-term investments alongside total debt of $19.72B, resulting in net debt of $17.76B. Shareholders' equity stood at $46.41B out of $69.88B in total assets. The company reported a current ratio of 0.84 and a debt-to-equity ratio of 0.42. During FY2025, operating cash flow reached $2.88B and free cash flow was $2.85B. Cash deployment in FY2025 included $33.8M in capital expenditures and $1.88B in dividends paid, while the 5-year share count change was 66.9%.

Welltower trades at a trailing P/E of 105.3x and a forward P/E of 78.1x, above the median of its S&P 500 Real Estate peers of 30.3x and 29.2x, respectively. Its enterprise value of $183.39B represents an EV/EBITDA multiple of 62.1x, compared to 17.2x for the median of its S&P 500 Real Estate peers. Price-to-sales is 13.3x versus the peer median of 7.0x, and price-to-book is 3.6x. Over the past year, the stock returned 38.5%, compared to 16.8% for the S&P 500, and its 5-year return reached 214.8% versus 83.0% for the index.

Welltower pays a quarterly dividend with an annualized forward payout of $3.40 per share, representing a 1.45% dividend yield. The company has paid dividends for 42 consecutive years. Its dividend payout ratio stands at 94.5%, and the 5-year annualized dividend growth rate is 0.9%. The most recent ex-dividend date was August 12, 2026.

Wall Street analyst ratings include 12 Strong Buy, 6 Buy, and 4 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $260.68, representing an 11.0% premium over the last close of $234.85. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $14.45B and EPS of $2.88, reflecting 107.7% EPS growth. Over the last 4 quarters, the company exceeded EPS expectations 3 times. The next earnings date is October 26, 2026.

This page is an AI-written research summary of Welltower Inc. (WELL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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