SuperworthWelltower WELL
- Market cap
- $171B
- PE
- 109×
- 10y median 62.4×
- Forward PE
- 86.0×
- 10y median 65.6×
- Price to FFO
- 73.2×
- its own FFO
- Price to sales
- 13.4×
- EV/EBIT
- 169×
- Revenue, 12 months
- $12.8B
- +38% on a year ago
- Net margin
- 12.1%
Welltower trades at 73.2× its funds from operations, the earnings measure REITs are valued on. Revenue was $12.8B over the last twelve months, up 38% on a year earlier with a 12% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.7B+13% | $1.7B+15% | $1.9B+19% | $1.8B+10% | $2.1B+24% | $2.3B+29% | $2.4B+30% | $2.5B+40% | $2.7B+31% | $3.2B+41% | $3.4B+38% | $3.5B+39% | |
| Cost of revenue | $995.3M+9% | $1B+10% | $1.1B+15% | $1.1B+16% | $1.2B+22% | $1.4B+36% | $1.5B+33% | $1.5B+36% | $1.6B+30% | $1.9B+37% | $2.1B+41% | $2.2B+42% |
| Gross profit | $666.7M+19% | $713.7M+23% | $762.8M+27% | $713.6M+1% | $843M+26% | $841.5M+18% | $960.7M+26% | $1B+45% | $1.1B+32% | $1.2B+48% | $1.3B+35% | $1.4B+35% |
| SG&A | $46.1M+32% | $44.3M+7% | $53.3M+20% | $55.6M+26% | $77.9M+69% | $48.7M+10% | $63.8M+20% | $64.2M+16% | $63.1M−19% | $1.6B+3097% | $67.5M+6% | $67.5M+5% |
| $228.8M+57% | $242M+64% | $288.2M+58% | $225.6M−26% | $323.3M+41% | $263.7M+9% | $349.8M+21% | $439.4M+95% | $455.2M+41% | −$1.1B | $538.7M+54% | $504.3M+15% | |
| Interest expense | $156.5M+12% | $154.6M+10% | $147.3M+2% | $133.4M−12% | $139.1M−11% | $154.5M−0% | $145M−2% | $141.2M+6% | $162.1M+17% | $203.8M+32% | $192.7M+33% | $181.9M+29% |
| Pre-tax income | $72.2M+1058% | $87.5M+1189% | $140.9M+271% | $90.4M−41% | $183.9M+155% | $109.2M+25% | $198.7M+41% | $298.2M+230% | $293.1M+59% | −$1.3B | $345.2M+74% | $320.4M+7% |
| $4.6M+41% | −$4.8M+17% | $6.2M+103% | $1.1M−69% | −$4.7M | $114K | −$5.5M | $1.1M−4% | $2.3M | −$5M | $11.6M | −$62M | |
| Net income | $127.5M | $83.9M | $127.1M+395% | $254.7M+147% | $449.8M+253% | $120M+43% | $258M+103% | $301.9M+19% | $280.6M−38% | $96.4M−20% | $728.7M+183% | $445M+47% |
| $0.24 | $0.15 | $0.22+340% | $0.42+110% | $0.73+204% | $0.19+27% | $0.40+82% | $0.45+7% | $0.41−44% | $0.14−26% | $1.02+155% | $0.61+36% | |
| 525.1M+13% | 552.4M+14% | 577.5M+17% | 604.6M+20% | 618.3M+18% | 634.2M+15% | 653.8M+13% | 668.1M+11% | 685.4M+11% | 710.1M+12% | 726.3M+11% | 738M+10% |
Gross profit: 34 periods, Q1 FY18 to Q2 FY26: not printed by the filing, worked out from its own lines.
Operating income: 44 periods, Q1 FY13 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 7 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 15 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY17 and Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.6B | $3.6B to $3.7B | $0.64 | $0.64 to $0.65 | 3 |
| Q4 FY26 | $3.8B | $3.7B to $3.8B | $0.69 | $0.68 to $0.69 | 2 |
| Q1 FY27 | $3.9B | $3.9B to $4B | $0.71 | $0.70 to $0.73 | 1 |
| Q2 FY27 | $4B | $4B to $4.1B | $0.72 | $0.71 to $0.74 | 1 |
| Q3 FY27 | $4.1B | $4B to $4.2B | $0.80 | $0.78 to $0.82 | 1 |
| Q4 FY27 | $4.2B | $4.1B to $4.3B | $0.81 | $0.79 to $0.83 | 1 |
| Q1 FY28 | $4.3B | $4.3B to $4.4B | $0.99 | $0.98 to $1.02 | 1 |
| Q2 FY28 | $4.4B | $4.4B to $4.5B | $0.98 | $0.97 to $1.01 | 1 |
Peers
Companies in Real Estate nearest Welltower's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| WELLWelltower | $171B | 109× | 62.4× | 86.0× | 13.4× | +38% | 12.1% |
| PLDPrologis | $118B | 27.9× | 31.5× | 37.9× | 12.6× | +7% | 45.5% |
| EQIXEquinix | $94.2B | 61.5× | 97.9× | 55.2× | 9.6× | +10% | 15.6% |
| AMTAmerican Tower | $88.1B | 26.0× | 55.9× | 27.9× | 8.0× | +7% | 31.1% |
| SPGSimon Property | $68.5B | 14.9× | 21.5× | 30.5× | n/m | n/m | n/m |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| PSAPublic Storage | $54.4B | 29.6× | 29.6× | 31.8× | 11.1× | +3% | 41.8% |
| ORealty Income | $53.8B | 41.5× | 51.5× | 35.4× | 8.9× | +11% | 20.9% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| VTRVentas | $44.5B | 161× | 51.7× | 120× | 6.9× | +21% | 4.1% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| Peer median | $59.1B | 42.6× | 53.8× | 35.4× | 9.4× | +7% | 20.9% |
Investors who own it
Investors we follow who held Welltower at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.4% of portfoliotrimmed
More on Welltower
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #8of 160Real estate stocks with the fastest revenue growth
- #1of 13Real estate stocks with the fastest expected revenue growth
Its groups
About
- Industry
- REIT - Healthcare Facilities
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .