US · USD

WELL

Welltower Inc

$228.98-1.69% (-$3.93)Updated 10/1/26, 12:45 PM

Day's range: $230.24 – $234.44
Day's volume: $672.7M
52-week range: $163.53 – $251.12

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WELL in numbers

Market cap: $162.5B

P/B: 3.69

Dividend yield (12m): 1.34%

The 12-month dividend yield of WELL is 1.34%, below its 5-year average of 2.56%.

WELL price history

10/01/202510/01/2026

Compare with

WELL risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+29.05%	+191.98%	+222.80%
Volatility (annualized)	27.01%	20.37%	24.29%
Largest drawdown	-10.86%	-10.86%	-35.57%
Positive months	7/12	26/36	37/60

How much did investing in WELL return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $3,210.31 today.

Value today in WELL: $3,210.31

Return over the period: +221.03%

Return per year: +26.28%

In the S&P 500: $1,655.78

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WELL fundamentals

Valuation

P/E
—
P/B
3.69
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
18.76
P/EBIT
—
P/S
17.35
P/OCF
55.04
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
—
Book value per share
$62.04

Debt

Net debt
$13.2B
Net debt/EBITDA
—
Net debt/Equity
0.30
Debt/Equity
0.41
Current ratio
—
Quick ratio
—
Cash ratio
—

Efficiency

Gross margin
24.42%
EBITDA margin
—
Operating margin
—
Net margin
—
Asset turnover
0.14

Growth

Revenue CAGR (5 years)
16.32%
Earnings CAGR (5 years)
—
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is WELL's fair price?

Two classic value formulas, with today's numbers. The current price is $228.98.

Graham's fair price: —; WELL's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $42.33; 81.51% below the price

$2.54 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WELL's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	138.24	84.93	150.83	227.75	114.13	—	—	—
P/B	3.07	2.53	2.02	1.58	2.18	1.69	2.16	1.83
Dividend yield	1.52%	2.03%	2.71%	3.72%	2.84%	4.18%	4.26%	5.01%
Earnings per share	$1.34	$1.48	$0.60	$0.29	$0.75	—	—	—
Book value per share	$60.38	$49.83	$44.66	$41.36	$39.43	$38.27	$37.87	$37.87
ROE	2.22%	2.98%	1.34%	0.70%	1.91%	—	—	—
Gross margin	23.25%	19.86%	16.96%	14.73%	13.22%	43.60%	47.47%	48.24%
Net margin	11.08%	15.79%	7.15%	3.38%	10.51%	—	—	—

WELL's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$8.5B	$6B	$4.8B	$4.2B	$3.2B	$4.6B
Cost of revenue	-$6.5B	-$4.8B	-$3.9B	-$3.6B	-$2.8B	-$2.6B
Gross profit	$2B	$1.2B	$806M	$614.9M	$422.7M	$2B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	—	$524.4M	$350M	$173.1M	$170.8M	-$31.6M
Income tax	$7.1M	-$2.7M	-$6.4M	-$7.2M	-$8.7M	-$10M
Net income	$936.8M	$951.7M	$340.1M	$141.2M	$336.1M	—

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WELL pay dividends?

Dividend yield per year

5.46%2017
5.01%2018
4.26%2019
4.18%2020
2.84%2021
3.72%2022
2.71%2023
2.03%2024
1.52%2025
1.01%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/11/2026	08/20/2026	$0.85
Dividend	05/12/2026	05/21/2026	$0.74
Dividend	02/24/2026	03/10/2026	$0.74
Dividend	11/07/2025	11/20/2025	$0.74
Dividend	08/11/2025	08/21/2025	$0.74
Dividend	05/13/2025	05/22/2025	$0.67
Dividend	02/24/2025	03/06/2025	$0.67
Dividend	11/12/2024	11/21/2024	$0.67
Dividend	08/09/2024	08/21/2024	$0.67
Dividend	05/09/2024	05/22/2024	$0.61
Dividend	02/21/2024	03/07/2024	$0.61
Dividend	11/10/2023	11/22/2023	$0.61

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/11/2023	08/23/2023	$0.61
Dividend	05/12/2023	05/23/2023	$0.61
Dividend	02/24/2023	03/08/2023	$0.61
Dividend	11/16/2022	11/30/2022	$0.61
Dividend	08/19/2022	08/31/2022	$0.61
Dividend	05/20/2022	05/31/2022	$0.61
Dividend	02/25/2022	03/08/2022	$0.61
Dividend	11/12/2021	11/23/2021	$0.61
Dividend	08/10/2021	08/19/2021	$0.61
Dividend	05/07/2021	05/20/2021	$0.61
Dividend	02/18/2021	02/26/2021	$0.61
Dividend	11/06/2020	11/19/2020	$0.61
Dividend	08/14/2020	08/27/2020	$0.61
Dividend	05/15/2020	05/28/2020	$0.61
Dividend	02/20/2020	02/28/2020	$0.87
Dividend	11/11/2019	11/21/2019	$0.87
Dividend	08/13/2019	08/22/2019	$0.87
Dividend	05/10/2019	05/28/2019	$0.87
Dividend	02/20/2019	02/28/2019	$0.87
Dividend	11/07/2018	11/21/2018	$0.87
Dividend	08/03/2018	08/21/2018	$0.87
Dividend	05/04/2018	05/23/2018	$0.87
Dividend	02/09/2018	02/21/2018	$0.87
Dividend	11/03/2017	11/20/2017	$0.87
Dividend	08/03/2017	08/21/2017	$0.87
Dividend	05/04/2017	05/22/2017	$0.87
Dividend	02/02/2017	02/21/2017	$0.87
Dividend	11/03/2016	11/21/2016	$0.86

About Welltower

Sector: Finance, insurance and real estate

Questions about WELL

How much is WELL today?

WELL is at $228.98 (-1.69% on the day), last traded on 10/01/2026.

How much did WELL pay in dividends in 2025?

WELL paid $2.82 per share in 2025, a dividend yield of 1.52%.

How much did WELL return in 12 months?

WELL returned 29.05% in 12 months, with annualized volatility of 27.01% and a largest drawdown of -10.86%.