TORVANTA
Real Estate · S&P 500 · data as of 2026-10-05

WELL stock analysis: Welltower

Welltower (WELL) is an S&P 500 company in Health Care REITs. It grades strongest on momentum and weakest on profitability and value.

The model's view of WELL · subscribers

Where WELL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with WELL · updated 2026-10-05 · from prices and SEC filings

WELL price performance

WELL against the S&P 500, one year
+0%+20%+40%WELL +29%S&P 500 +18%2025-09-292026-10-05
Year to date+22.1%S&P 500 +14.5% · ahead by 7.5 pts
1 year+29.9%S&P 500 +17.0% · ahead by 12.9 pts
3 years+186.3%S&P 500 +89.3% · ahead by 97.1 pts
5 years+209.1%S&P 500 +91.3% · ahead by 117.8 pts

Total returns with dividends reinvested.

WELL factor grades

Each grade compares WELL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D-ValueP/E 111.5x (sector 32.1x)FCF yield 1.9% (sector 6.4%)
BGrowthRevenue growth +38% (sector +6%)EPS growth +16% (sector +43%)
D+Profitability
AMomentum12-month change +30%From 52-wk high -11%

WELL in plain numbers

WELL key statistics

SectorReal Estate
IndustryHealth Care REITs
IndexS&P 500
Market value$158.2B
Revenue growth (y/y)+38%
Free-cash-flow yield1.9%
Dividend yield1.4%
Next earnings (expected)2026-10-26
Valuation measures
Market value$158.2B
Enterprise value$171.5B
P/E (trailing)111.5x
Forward P/E (Torvanta estimate)90.3x
PEG (Torvanta estimate)3.83
Price / sales13.4x
Price / book3.6x
EV / revenue14.6x
Financial highlights
Revenue, last 12 months$11.8B
Net income, last 12 months$1.5B
EPS, last 12 months (GAAP)$2.01
Gross margin39.8%
Net margin12.4%
Return on equity3.7%
Cash$4.7B
Total debt$17.9B
Debt / equity0.41x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

WELL earnings trends

Revenue vs earnings
$0$838.0M$1.7B$2.5B$3.4BJun 2024 Revenue: $1.8BSep 2024 Revenue: $2.1BDec 2024 Revenue: $2.3BMar 2025 Revenue: $2.4BJun 2025 Revenue: $2.5BSep 2025 Revenue: $2.7BDec 2025 Revenue: $3.2BMar 2026 Revenue: $3.4BJun 2024 Net income: $260.7MSep 2024 Net income: $456.8MDec 2024 Net income: $123.8MMar 2025 Net income: $257.3MJun 2025 Net income: $304.6MSep 2025 Net income: $282.2MDec 2025 Net income: $117.8MMar 2026 Net income: $752.3MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 14.3%Net margin: 22.2%Net margin: 5.5%Net margin: 10.6%Net margin: 12.0%Net margin: 10.5%Net margin: 3.7%Net margin: 22.4%0%11%22%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.3$0.5$0.8$1.0Jun 2024 EPS (GAAP, diluted): $0.4Sep 2024 EPS (GAAP, diluted): $0.7Dec 2024 EPS (GAAP, diluted): $0.2Mar 2025 EPS (GAAP, diluted): $0.4Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.1Mar 2026 EPS (GAAP, diluted): $1.0Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +7% · Sep 2025 -44% · Dec 2025 -28% · Mar 2026 +155%

From the company's 10-Q and 10-K filings with the SEC.

Welltower financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$4.7B$5.9B$6.6B$8.0B$10.8B
Net income$374.5M$160.6M$358.1M$1.0B$1.0B
EPS (GAAP)$0.78$0.31$0.65$1.55$1.39

WELL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-28$1.02+155%+38%+1.5%
2026-02-10$0.13-28%+41%+5.7%
2025-10-27$0.41-44%+31%-0.5%
2025-07-28$0.45+7%+40%+3.0%
2025-04-28$0.40+82%+30%+2.4%
2025-02-11$0.18+12%+29%+2.6%

About Welltower

HeadquartersToledo, OH
Industry (SEC code)Real Estate Investment Trusts
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyHEALTH CARE REIT INC /DE/

From the company's SEC registration record.

Companies similar to WELL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
WELL Welltower$158.2B111.5x+38%n/a+30%
PLD Prologis$119.4B32.3x+7%52.4%+13%compare
EQIX Equinix$101.0B65.9x+10%21.8%+34%compare
AMT American Tower$75.6B22.3x+7%44.8%-11%compare
SPG Simon Property$65.3B14.2x+15%47.4%+14%
DLR Digital Realty$63.2B47.6x+13%11.5%+5%
O Realty Income$50.9B39.0x+11%n/a-6%

All Real Estate stock ratings

Frequently asked questions

Is WELL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for WELL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is WELL's P/E ratio?

WELL trades at about 111.5 times its last 12 months of GAAP earnings reported to the SEC, and about 90.3 times Torvanta's own estimate of the next 12 months.

When does WELL report earnings next?

Based on its filing history, Torvanta expects Welltower to report around 2026-10-26.

Does WELL pay a dividend?

Yes. Its dividend yield is about 1.4%, and it has raised its dividend 2 years in a row.

How has WELL performed against the S&P 500?

Over the past year WELL returned +29.9%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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