greeksoup/ stock research
Stock research / United States / WELL · Real Estate Investment Trusts · NYSE

Welltower Inc. (WELL)

Welltower is a REIT whose portfolio is rental housing for aging seniors, in the United States, the United Kingdom and Canada. It holds more than 2,500 seniors and wellness housing communities, and describes itself as positioned at the centre of the silver economy and at the intersection of housing and hospitality. It is an umbrella partnership REIT: substantially all the business runs through Welltower OP LLC, which Welltower Inc. controls day to day and owned about 98.378 percent of at the end of 2025.

Welltower Inc.

Welltower is a REIT whose portfolio is rental housing for aging seniors, in the United States, the United Kingdom and Canada. It holds more than 2,500 seniors and wellness housing communities, and describes itself as positioned at the centre of the silver economy and at the intersection of housing and hospitality. It is an umbrella partnership REIT: substantially all the business runs through Welltower OP LLC, which Welltower Inc. controls day to day and owned about 98.378 percent of at the end of 2025.

Three segments

Seniors Housing Operating, Triple-net, and Outpatient Medical.

Seniors Housing Operating

The properties cover wellness housing, independent living and independent supportive living, continuing care retirement communities, assisted living, Alzheimer's and dementia care, and care homes with or without nursing in the UK. Some are stand-alone properties providing one level of service, some are combination properties with several, and some are campuses covering a wide range. They can be held in joint ventures with operating partners, and may use the structure authorised by the REIT Investment Diversification and Empowerment Act of 2007, known as a RIDEA structure.

The filing defines each type. Wellness housing is age-restricted or age-targeted multi-unit housing with self-contained units for older adults, usually 55 and over, who can care for themselves, and generally does not include services such as meals. Independent living adds central dining, meals, housekeeping, linen service, transport and social and recreational activities. Assisted living is state-regulated rental property that adds supportive care from trained staff for residents who need help with the activities of daily living. Continuing care retirement communities combine detached homes with independent living, assisted living and long-term or post-acute care on one campus, so a resident does not have to move as their health needs change; payment can be by entrance fee, condominium fee or rent, often with a monthly maintenance charge covering the unit, meals and some health services.

Triple-net

The same kinds of property, plus long-term and post-acute care, but leased out rather than operated. Under a triple-net master lease the tenant pays all operating costs, utilities, property taxes, insurance and maintenance, and any obligations under certain ground leases, and the leases often oblige the tenant to fund a minimum amount of capital expenditure as well. Contractual terms generally run 10 to 20 years, with one or more renewal options of five to 15 years. Some leases carry purchase options, and the filing flags that exercising a portion of those could mean disposing of properties for less than full market value. Welltower invests in this segment primarily through acquisitions, development and joint venture partnerships.

What the company says drives it

Two named internal systems. A Data Science platform, which it says powers its approach to capital allocation, and the Welltower Business System, which it calls its end-to-end platform and credits for its operating results. Its stated aspiration is long-term compounding of per share growth for existing investors, reached by investing predominantly across seniors housing, wellness housing and post-acute care communities while diversifying by property type, relationship and geography.

Where the debt sits

All debt, including credit facilities, senior notes and secured debt, is incurred by Welltower OP or its subsidiaries. Welltower Inc. has fully and unconditionally guaranteed all existing and future senior unsecured notes, and issues equity from time to time, the net proceeds of which it is obliged to contribute to Welltower OP as additional capital. Welltower Inc. has no material assets or liabilities other than its investment in Welltower OP.

From Welltower's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Welltower became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 27 October 2026
Revenue
$3.7 billion
+38.4% on the year · +4.8% on the quarter
Q4 FY2024Q3 FY2026
Net income
$397 million
+41.4% on the year · -10.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.54
+31.7% on the year · -11.5% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 12 February 2026
Revenue
$10.8 billion
+35.6% on the year
FY2018FY2025
Net income
$937 million
-1.6% on the year
FY2018FY2025
Diluted EPS
$1.39
-11.5% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsWelltower (WELL) reported revenue of $10.8 billion for fiscal 2025, the year ended 31 December 2025, up 35.6% on the year before. Net income was $937 million and diluted earnings per share $1.39. Revenue was $8.0 billion in fiscal 2024, $6.6 billion in fiscal 2023, $5.9 billion in fiscal 2022 and $4.7 billion in fiscal 2021. Net income in the same years was $952 million, $340 million, $141 million and $336 million. Over the twelve months to 30 September 2026, Welltower reported revenue of $13.8 billion and net income of $1.7 billion. Revenue grew 18.7% a year, compounded, over the five years to fiscal 2025. Welltower declared $3.07 a share in dividends over the last four quarters and had 732 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Welltower was $179.3 billion, 106.1 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE3.4%
ROCE-0.4%
Operating margin-1.9%
Net margin12.1%
FCF margin15.1%
Interest covern/a
Debt to equity0.40x
Cash conversion2.00x
Share count, last 12 months7.0%
Sales CAGR, 3 years22.7%
Profit CAGR, 3 years87.9%
EPS, TTM$2.31

At the close of 6 November 2026

Price$245.01
Market cap$179.3 billion
Stock P/E106.1x
Price to book3.7x
EV / EBITDA82.0x
Dividend yield1.3%
Market cap / sales13.0x
52-week high$252.07
52-week low$181.96
Price, 1 year30.5%
Price CAGR, 3 years42.0%
Price CAGR, 5 years23.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Welltower Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
WELLgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,3091,3961,4731,4741,5191,5611,6651,6621,7501,8601,8252,0562,2512,4232,5482,6863,1813,3523,5453,716
Cost of revenue7858548549129399589599951,0361,0971,1111,2131,4091,4621,5151,5771,9342,0552,1502,246
Gross profit5245426185625806037076677147637148438429611,0341,1091,2471,2971,3941,470
Gross margin40%39%42%38%38%39%42%40%41%41%39%41%37%40%41%41%39%39%39%40%
SG&A33.137.736.634.841.344.444.346.144.353.355.677.948.763.864.263.11,55767.567.567.2
Operating income68.750.71096.26.838.015272.287.514190.4184109199298293-1,270345320338
Operating margin5%4%7%0%0%2%9%4%5%8%5%9%5%8%12%11%-40%10%9%9%
Interest expense122122128140140144152157155147133139n/an/an/an/an/an/an/an/a
Pre-tax income68.750.71096.26.838.015272.287.514190.4184109199298293n/a345320338
Tax rate3%10%3%52%-60%8%2%6%-5%4%1%-3%0%-3%0%1%n/a3%-19%2%
Net income58.761.989.8-6.8-3.725.710312783.912725545012025830228196.4729445397
Net margin4%4%6%-0%-0%2%6%8%5%7%14%22%5%11%12%10%3%22%13%11%
Diluted EPS$0.13$0.14$0.20-$0.01-$0.01$0.05$0.20$0.24$0.15$0.22$0.42$0.73$0.19$0.40$0.45$0.41$0.14$1.02$0.61$0.54
Operating cash flow2833253953562533764164393714076056855595997708586546701,0041,003
Capital expenditure11790.211011616091.3114129184133165241319240233263314270319348
Free cash flow16623428524093.2285303310187274440444240359537595340400684655
Dividends paid265274278283298302301319338353366409418431439497510520527615
Shares outstanding447m454m463m473m491m496m508m532m564m591m608m618m635m652m665m684m697m705m719m732m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue4904765691,3131,8052,8813,3443,8604,2814,3174,7005,1214,6064,7425,8616,6387,99110,83813,793
Cost of revenuen/an/an/an/an/an/an/an/an/a2,0842,4332,6902,5982,7753,5593,9484,8306,4888,386
Gross profitn/an/an/an/an/an/an/an/an/a2,2332,2672,4312,0081,9682,3022,6903,1614,3505,408
Gross marginn/an/an/an/an/an/an/an/an/a51.7%48.2%47.5%43.6%41.5%39.3%40.5%39.6%40.1%39.2%
Selling, general and administrative47.249.754.677.297.31081431471551221261271281271501792351,7481,760
Operating income12712434.1112186102384636709300423543-31.6171173350524-480-266
Operating margin26.0%26.0%6.0%8.5%10.3%3.5%11.5%16.5%16.6%6.9%9.0%10.6%-0.7%3.6%3.0%5.3%6.6%-4.4%-1.9%
Interest expense12186.6131291362458481492521485527556514490530608n/an/an/a
Pre-tax income12712434.1112186102384636709300423543-31.6171173350524n/an/a
Income tax1.30.20.4-1.47.67.5-1.36.5-19.120.18.73.010.08.77.26.42.7-7.1-48.2
Effective tax rate1.0%0.1%1.1%-1.2%4.1%7.3%-0.3%1.0%-2.7%6.7%2.0%0.5%n/a5.1%4.2%1.8%0.5%n/an/a
Net income28319312921822278.74478181,0124647581,2329793361413409529371,667
Net margin57.8%40.6%22.6%16.6%12.3%2.7%13.4%21.2%23.6%10.7%16.1%24.1%21.3%7.1%2.4%5.1%11.9%8.6%12.1%
Diluted EPS$2.76$1.49$0.83$0.90$0.98$0.28$1.45$2.34$2.81$1.26$2.02$3.05$2.33$0.78$0.30$0.66$1.57$1.39$2.31
Filing8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2025

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Seniors Housing Operating51.04567041,6171,8982,1682,5262,7853,2403,4573,0823,2134,2454,7746,0358,48981.1%
Triple-netn/an/an/a8961,0281,1761,2099679019738018919321,0437891,19711.4%
Outpatient Medicaln/an/an/a3674175155455635576887206356797518027827.5%
Medical Facilities202286304n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Non Segment Corporate2.90.70.90.3n/an/an/an/an/an/an/an/an/an/an/an/an/a
Senior Housing Facilities Triple Net323588796n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/an/an/an/an/an/an/an/an/a365370n/a
Sales between segments, taken out-9.2n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Seniors Housing OperatingTriple-net FY2013 to FY2025Outpatient Medical FY2013 to FY2025Non Segment Corporate FY2010 to FY2013Senior Housing Facilities Triple Net FY2010 to FY2012Medical Facilities FY2010 to FY2012
1.3FY20112.9FY20133.9FY20154.3FY20175.1FY20194.7FY20216.6FY202310.5FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing and Sales between segments, taken out are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2013 to FY2023

The profit before tax each segment reports. Costs Welltower does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023Margin
FY2023
Seniors Housing Operating-14513022427529837238827.93.8-16.929.70.6%
Triple-net59066981685240045563334758063675071.9%
Outpatient Medical74.189.514316116916819921420621224332.3%
Non Segment Corporate-417n/an/an/an/an/an/an/an/an/an/an/a
Seniors Housing OperatingTriple-netOutpatient MedicalNon Segment Corporate FY2013
102FY20131,184FY2015867FY20171,220FY2019790FY20211,022FY2023

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2023Share of salesShare of profit
Seniors Housing Operating73%3%
Triple-net16%73%
Outpatient Medical11%24%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

Revenue by region FY2014 to FY2025

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United Statesn/an/a3,4533,4653,7784,2053,7203,7674,8435,5226,5647,93773.2%
United Kingdom3054083884074534534515535586078722,16720.0%
Canada2373194394454704634344234595095557346.8%
Domestic Country2,8013,133n/an/an/an/an/an/an/an/an/an/an/a
United States FY2016 to FY2025United KingdomCanadaDomestic Country FY2014 to FY2015
3.9FY20154.3FY20175.1FY20194.7FY20216.6FY202310.8FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3613813655888189881,1391,3831,6391,4341,5841,5361,3651,2751,3291,6022,2562,8823,331
Capital expenditure25.638.459.977.81351361331882192502663292452834765188581,0501,251
Free cash flow3353433055106838531,0061,1951,4201,1841,3181,2071,1209938531,0841,3991,8312,080
Free cash flow margin68.4%72.1%53.5%38.9%37.8%29.6%30.1%31.0%33.2%27.4%28.0%23.6%24.3%20.9%14.5%16.3%17.5%16.9%15.1%
Cash from investing-1,036-270-2,312-4,520-3,593-3,532-2,126-3,502-183155-2,386-2,0492,348-4,516-3,704-5,708-5,515-10,513-15,316
Cash from financing668-99.12,0433,9643,6451,6681,3031,997-1,251-1,914818577-2,0811,5682,7615,4494,9059,0007,472
Depreciation and amortisation1631652034245348748448269019229501,0271,0381,0381,3101,4011,6322,0852,661
Share-based compensation8.59.611.810.818.520.232.130.828.919.127.625.028.317.826.137.275.81,5571,566
Buybacksn/an/an/an/an/an/an/an/an/an/a0.00.07.70.00.0n/an/an/an/a
Dividends paid2543123494846538409701,1451,2341,2771,3001,4051,1201,0371,1331,2601,5461,8772,172
Dividend per share$2.70$2.72$2.74$2.83$2.96$3.06$3.18$3.30$3.44$3.48$3.48$3.48$2.70$2.44$2.44$2.44$2.56$2.82n/a
Diluted shares, weighted94m115m128m174m226m279m308m349m360m369m375m404m417m427m465m519m609m680m755m
Shares outstanding at period endn/a123m147m192m260m290m329m355m363m372m384m410m417m447m491m564m635m697m732m
Filing8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3,2383,7974,6037,12510,29511,41513,17514,59114,80614,42314,63215,54015,97317,63620,29525,40431,95642,12948,582
Non-controlling interestn/a10.41301542263422985854755029549669099617156773608101,045
Redeemable equityn/an/an/an/an/an/an/a183398375424476343401384291256263n/a
Debtn/an/a4,1997,1578,45710,56810,75912,89212,28411,66013,22614,91513,79914,13114,71415,73615,50019,19719,195
Other liabilitiesn/a2,5605204895727607317739019841,1051,4831,4601,7811,7851,9052,9714,9034,889
Total liabilities and equityn/a6,3679,45214,92519,54923,08424,96329,02428,86527,94430,34233,38132,48434,91037,89344,01251,04467,30373,711
Owned
Goodwilln/a0.051.268.368.368.368.368.368.368.368.368.368.368.368.368.3149346336
Intangible assetsn/an/an/an/an/a500359469436377384436323503461515666909840
Loansn/an/an/an/an/an/an/an/an/an/a330n/an/an/an/an/an/an/an/a
Cash and equivalents23.435.51321631,0341595534234192442152851,5452696321,9943,5075,0342,275
Other assetsn/a6,3329,26914,69318,44722,35723,98228,06327,94127,25529,34432,59230,54834,06936,73241,43546,72361,01470,260
Total assetsn/a6,3679,45214,92519,54923,08424,96329,02428,86527,94430,34233,38132,48434,91037,89344,01251,04467,30373,711
Filing8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.9%18.7%22.7%39.2%
Profit growth, compounded1.4%-0.9%87.9%73.5%
Return on equity, average3.8%1.8%2.2%2.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Welltower's revenue in fiscal 2025?

Welltower (WELL) reported revenue of $10.8 billion for fiscal 2025, the year ended 31 December 2025, up 35.6% on the year before.

How much did Welltower earn in fiscal 2025?

Net income was $937 million for fiscal 2025, and diluted earnings per share $1.39.

What is Welltower's P/E ratio?

At the close of 6 November 2026, Welltower traded at 106.1 times its earnings over the twelve months to 30 September 2026.

What is Welltower's market cap?

The market cap of Welltower was $179.3 billion at the close of 6 November 2026.

Does Welltower pay a dividend?

Yes. Welltower declared $3.07 a share in dividends over the four quarters to 30 September 2026.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
Goldman Sachs Group Inc. GS$249.8 billion12.4417.7%n/a18.7%3.562.1%
BlackRock, Inc. BLK$182.3 billion26.8111.9%32.5%24.7%0.221.9%
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Charles Schwab Corp. SCHW$157.9 billion15.6120.7%n/a18.1%0.461.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
Intercontinental Exchange, Inc. ICE$96.1 billion23.5013.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$90.8 billion26.5640.2%47.9%22.1%1.533.9%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
KKR & Co. Inc. KKR$86.6 billion30.7210.2%n/a31.1%1.720.8%
Brookfield Asset Management Ltd. BAM$84.6 billionn/an/a58.6%31.9%0.38n/a
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$69.0 billionn/a-5.8%9.8%12.2%0.921.8%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on WELL

Dividends$3.07 a share over the four quarters to 30 September 2026, a 1.25% yield
Filings18 in twelve months: 11 current reports (8-K), about 4 other events; 4 results of operations; 2 regulation FD disclosure; 1 shareholder vote; 1 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.84 by open interest at the 6 November 2026 close; the straddle prices a 4.5% move to 20 November 2026
13F holders1,606 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading0 sales and 4 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest16.7 million shares short, 6.24 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202627 October 2026EDGAR
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 202429 October 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

Reading about a stock somewhere else? Our free Chrome extension, GreekSoup Stock Ticker Lookup: Earnings, Insider Trades, 13F Holders, shows the latest quarter against a year ago, insider trades and 13F holders when you hover a $ticker such as $AAPL.