Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Welltower Inc.

WELL · NYSE · Real estate

Fundamental quality

REASONABLE

62

out of 100

Welltower Inc. grows profitably: it increases revenue at double digits (19.6% a year) without giving up profitability (net margin 12.2%). On fundamental quality it scores 62 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin 12.2%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Welltower is North America's largest senior-housing landlord: senior communities, medical buildings and assisted-living facilities leased or operated with partners. Its thesis fits in one sentence: the largest generation in history is turning eighty.

What will shape its future

  • Demographics: the wave of octogenarian baby boomers has barely begun.
  • Senior-housing occupancy and rents, in structural post-pandemic recovery.
  • The scarcity of new construction, leaving growing demand without competition.

Breakdown by area

I.Growth
55

EPS growth: -2.8% · Revenue growth: 19.6%

II.Profitability
54

Net margin: 12.2% · ROE: 3.3% · ROIC: 1.2%

III.Financial health
77

Net debt/EBITDA: 4.57x

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 12 Real estate companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 25%
ROEbeats 10%
Growthbeats 83%
Less debtbeats 50%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Welltower Inc. strengths

  • Revenue growing (19.6% annualized).
  • Revenue rising without interruption since 2020.
  • Solid net margin (12.2%): the business is clearly profitable.

Welltower Inc. risks and weaknesses

  • Shrinking margins: net margin has fallen from 23% to 9% in recent years.
  • High leverage (net debt of 4.57× EBITDA): more exposed to rates and to a rough patch.
  • Declining earnings per share (-2.8% annualized).
  • Its net debt has grown over the period.

Welltower Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20204,6061,039833
20214,74233613,641
20225,86114114,083
20236,63834013,742
20247,99195211,994
202510,83893714,164

Between 2020 and 2025, revenue went from $4,606M to $10,838M (+135%) and net income went from $1,039M to $937M (-10%). Meanwhile, its margins have narrowed (from 23% to 9%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+38.3%
  • Net income+192.4%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.82

per share, yearly

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Welltower Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Welltower Inc. a good company to invest in?

In terms of business quality, Welltower Inc. scores 62 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Welltower Inc. a profitable company?

Yes. Welltower Inc. shows a net margin of 12.2% and an ROE of 3.3%, a sign of a profitable business.

Does Welltower Inc. have a lot of debt?

Yes, its leverage is high: net debt is 4.57 times its EBITDA, and it has been rising.

Is Welltower Inc. growing?

Its revenue has grown 19.6% annualized in recent years, and without interruption since 2020.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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