Welltower owns a diversified healthcare portfolio of 2,950 in-place properties spread across the senior housing, medical office, and skilled nursing/postacute care sectors.
It is a $162B real estate company. Revenue grew 37.6% over the last year, and it keeps 12¢ of every dollar of sales as profit. It trades at 108.1× earnings — around the middle of its own history.
- Website
- welltower.com
- Location
- Toledo, OH
- Employees
- 712
- Sector
- Real Estate
- Founded
- 1970
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth and quality; Valuation, Profitability and Health lag behind.
Valuation22
- P/E vs own history47th pct · 12/25
- FCF yield1.2% · 5/25
- P/S13.1x · 5/25
- EV/EBITDA62.6x · 0/25
Growth75
- Revenue CAGR23.0% · 25/25
- Net income CAGR29.2% · 25/25
- EPS CAGR ~5Y-10.1% · 0/25
- Fwd implied growth48.8% · 25/25
Profitability35
- ROIC2.5% · 5/25
- ROE3.6% · 5/25
- Net margin12.1% · 20/25
- Operating margin3.6% · 5/25
Health15
- Altman Zn/a · 0/25
- Current ratio1.06 · 12/25
- Interest coverage0.3x · 3/25
- Net cash / debtn/a · 0/25
Quality90
- Piotroski F5/9 · 15/25
- Beneish M-3.07 · 25/25
- FCF conversion130% · 25/25
- Margin stabilityσ 3.9% · 25/25
Moat50
- ROIC >12% years0/7 yrs · 0/25
- Median gross margin40.5% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 2.4% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders2 open-market insider purchases~5K shares bought by insiders
- FY2025FinancialRevenue crossed $10B$10.8B for the year
- 2025AcquisitionAccording to researchers at Corporate Watch, Welltower’s acquisition of the UK’s largest care home providers HC-One…
- FY2019FinancialBest year on record$1.23B net income
- 2018AcquisitionWelltower and ProMedica acquired Healthpeak Properties spin-off Quality Care Properties, along with…
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$4.28B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016AcquisitionWelltower acquired 19 properties from Vintage Senior Living for $1.15 billion in the Los Angeles and San Francisco…
- 2015MilestoneThe company next became Welltower, in September 2015
- 2015AcquisitionWelltower formed a joint venture with the Canada Pension Plan Investment Board (CPPIB) to acquire a…
- Jan 8, 2013AcquisitionThe company acquired nearly all the real estate assets of Sunrise Senior Living in a $4.3…
- 2012AcquisitionThe company invested about $5 billion, primarily in private-pay senior housing and medical office buildings
- 2011AcquisitionThe company acquired most real estate assets of Genesis HealthCare for $2.4 billion, adding 147 properties,…
- 1985MilestoneHealth Care Fund changed its name to Health Care REIT in 1985, moving its headquarters to Toledo the following year
- 1970FoundedHealth Care Fund was founded in Lima by Wolfe and Bruce Thompson
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (40.3%)
- Revenue growing 37.6% year over year
- Strong cash conversion — FCF is 15.8% of revenue
Watch-outs
- Thin interest coverage (0.3×)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+37.6% YoY
- Profitable — makes more than it spends$1.55B TTM
- Profit growing — earnings are higher than last year+66.7% YoY
- Generates cash — cash left after running and investing$2.02B TTM
- Debt under control — could handle its obligationscurrent ratio 1.06
- Established company — not a micro-cap — lower blow-up risk$162B market cap
- Not printing shares — share count not ballooning — you keep your slice+62.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 15/100
- Pays a dividend — returns cash to shareholdersyield 1.22%
- Valuation not extreme — price not wildly above earningsP/E 108.1
Peer comparisonWelltower Inc. vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| WELL this company | $162.5B | 108.1 | +37.6% | 12.1% | Strained |
| PLD Prologis, Inc. | $123.1B | 29.8 | +7.3% | 45.8% | Strained |
| EQIX Equinix, Inc. | $101.2B | 66.0 | +9.6% | 15.6% | Strained |
| AMT American Tower Corporation | $84.5B | 25.0 | +14.2% | 31.1% | Strained |
| DLR Digital Realty Trust, Inc. | $66.6B | 83.0 | +17.4% | 11.8% | Strained |
| SPG Simon Property Group, Inc. | $64.7B | 14.0 | +15.0% | 66.5% | Strained |
| PSA Public Storage | $54.1B | 26.5 | +3.0% | 41.8% | Strained |
Head-to-head: WELL vs PLD · WELL vs EQIX · WELL vs AMT
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/WELL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of WELL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $225.47 · market cap $162B.