WELL · Welltower Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 1.35B | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA 1.32B
+17.97M Loss (income) from unconsolidated entities
+15.5M Stock-based compensation
+1.98M Loss (gain) on extinguishment of debt, net
-98.54M Loss (gain) on real estate dispositions and acquisitions of controlling interests, net
+25.77M Impairment of assets
+2.18M Provision for loan losses, net
+56.93M Other expenses
+5.04M Casualty losses, net of recoveries
= Adjusted EBITDA 1.35B
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| Adjusted EBITDA annualized non-GAAP | 5.39B | Three Months Ended June 30, 2026 | — |
| available liquidity non-GAAP | $9.5B | second quarter | — |
| Average age (years) | 11 | 2Q26 | — |
| Average building size (square feet) | 75,866 | 2Q26 | — |
| Average remaining lease term (years) | 11.8 | 2Q26 | — |
| Average units in service non-GAAP | 112,241 | 2Q26 | — |
| Common shares outstanding | 718.9M | June 30, 2026 | — |
| Consolidated enterprise value non-GAAP | 180.54B | June 30, 2026 | — |
| Health system affiliated properties as % of NOI | 99.7% | 2Q26 | — |
| Health system affiliated tenants as % of rental income | 93.5% | 2Q26 | — |
| Investment grade tenants as % of rental income | 94.7% | 2Q26 | — |
| Long-Term/Post-Acute Care SSNOI non-GAAP | 106.43M | Three Months Ended June 30, 2026 | — |
| Long-Term/Post-Acute Care SSNOI growth non-GAAP | 2.9% | Three Months Ended June 30, 2026 | — |
| Long-Term/Post-Acute Care stable portfolio occupancy | 81.5% | March 31, 2026 | — |
| NAREIT FFO attributable to common stockholders | 1.15B | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) attributable to common stockholders 445M
+737.76M Depreciation and amortization
-72.76M Impairments and losses (gains) on real estate dispositions and acquisitions of controlling interests, net
+10.64M Noncontrolling interests
+33.01M Unconsolidated entities
= NAREIT FFO attributable to common stockholders 1.15B
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| NAREIT FFO per diluted share | $1.56 | Three Months Ended June 30, 2026 | — |
| Net debt non-GAAP | 16.12B | Three Months Ended June 30, 2026 | — |
| Normalized FFO attributable to common stockholders non-GAAP | 1.18B | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP NAREIT FFO attributable to common stockholders 1.15B
+26.45M Normalizing items, net
= Normalized FFO attributable to common stockholders 1.18B
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| Normalized FFO payout ratio non-GAAP | 46% | Three Months Ended June 30, 2026 | — |
| Normalized FFO per diluted share non-GAAP | $1.6 | Three Months Ended June 30, 2026 | — |
| Occupancy | 97% | 2Q26 | — |
| Outpatient Medical SSNOI non-GAAP | 26.95M | Three Months Ended June 30, 2026 | — |
| Outpatient Medical SSNOI growth non-GAAP | 2.4% | Three Months Ended June 30, 2026 | — |
| Outpatient Medical stable portfolio occupancy | 97% | June 30, 2026 | — |
| Properties | 121 | 2Q26 | — |
| Retention (trailing twelve months) | 92.8% | 2Q26 | — |
| RevPOR/month in USD non-GAAP | $6,285 | 2Q26 | — |
| Same Store NOI (SSNOI) non-GAAP | 800.5M | Three Months Ended June 30, 2026 | — |
| Same Store NOI (SSNOI) growth non-GAAP | 15.5% | Three Months Ended June 30, 2026 | — |
| Seniors Housing Operating SSNOI non-GAAP | 584.77M | Three Months Ended June 30, 2026 | — |
| Seniors Housing Operating SSNOI growth non-GAAP | 20.5% | Three Months Ended June 30, 2026 | — |
| Seniors Housing Operating stable portfolio occupancy | 88.8% | June 30, 2026 | — |
| Seniors Housing Triple-net SSNOI non-GAAP | 82.35M | Three Months Ended June 30, 2026 | — |
| Seniors Housing Triple-net SSNOI growth non-GAAP | 5.2% | Three Months Ended June 30, 2026 | — |
| Seniors Housing Triple-net stable portfolio occupancy | 84.7% | March 31, 2026 | — |
| SHO pro rata SSNOI non-GAAP | $584.77M | 2Q26 | — |
| SHO SS RevPOR non-GAAP | $6,059 | Three Months Ended June 30, 2026 | — |
| SHO SSNOI/unit non-GAAP | $19,203 | 2Q26 | — |
| Square feet | 4,754,231 | 2Q26 | — |
| SS RevPOR YOY growth non-GAAP | 5.2% | Three Months Ended June 30, 2026 | — |
| Total acquisitions and loan funding | 138 | Second Quarter 2026 | — |
| Total occupancy | 87.6% | 2Q26 | — |
| Total properties (portfolio) | 2,950 | June 30, 2026 | — |
| Trailing four quarters' SSNOI non-GAAP | $2.16B | 2Q26 | — |
| Units | 172,155 | 2Q26 | — |
| Year over year NOI growth rate | 20.5% | 2Q26 | — |
| available cash and restricted cash | 4.8B | As of March 31, 2026 | — |
| Net Debt to Adjusted EBITDA non-GAAP | 2.73 | As of March 31, 2026 | — |
| normalized funds from operations attributable to common stockholders (per diluted share) non-GAAP | $1.47 | first quarter | — |
| pro rata dispositions and loan repayments | 2.8B | first quarter | — |
| pro rata gross investments | 3.3B | first quarter | — |
| SHO portfolio organic same store revenue growth | 9.5% | first quarter | — |
| SHO portfolio SSNOI | 22.1% | first quarter | — |
| Annual normalized FFO attributable to common stockholders per diluted share non-GAAP | $5.29 | full year 2025 | — |
| Barchester acquisition price | £5.2B | fourth quarter | — |
| Barchester communities managed in RIDEA structure | 111 | fourth quarter | — |
| Barchester communities subject to long-term triple-net lease | 150 | fourth quarter | — |
| Barchester ongoing developments | 21 | fourth quarter | — |
| HC-One acquisition equity purchase price | £1.2B | fourth quarter | — |
| HC-One existing loan repaid | £660M | fourth quarter | — |
| Loan repayment proceeds | $1.4B | the fourth quarter | — |
| OM Portfolio pro rata proceeds from sale | $5.2B | the fourth quarter | — |
| OM Portfolio properties sold | 241 | the fourth quarter | — |
| OM Portfolio size | 18M | as of December 31, 2025 | — |
| OM Portfolio total transaction value | $7.2B | as of December 31, 2025 | — |
| Pro rata dispositions and loan payoffs completed | $7.5B | the fourth quarter | — |
| Pro rata gross investments closed or under contract subsequent to year end | $5.7B | subsequent to year end | — |
| Pro rata gross investments completed | $13.9B | the fourth quarter | — |
| Pro rata net investments completed | $11B | full year 2025 | — |
| Pro rata property dispositions | $6.1B | the fourth quarter | — |
| Reported quarterly normalized funds from operations attributable to common stockholders of $1.45 non-GAAP | $1.45 | fourth quarter | — |
| Seniors Housing Fund I total equity commitments | $2.5B | the fourth quarter | — |
| Seniors Housing Operating portfolio properties | 1,659 | 4Q25 | — |
| Seniors Housing Operating portfolio units | 160,218 | 4Q25 | — |
| Seniors Housing Operating Same Store properties | 875 | 4Q25 | — |
| SHO average occupancy growth | 400 | the fourth quarter | — |
| SHO portfolio same store NOI growth | 20.4% | the fourth quarter | — |
| SHO Revenue Per Occupied Room (RevPOR) growth | 4.7% | the fourth quarter | — |
| SHO SSNOI margin expansion | 270 | the fourth quarter | — |
| Total capital sourced | $23B | full year 2025 | — |
| Total dispositions completed for full year | $8.2B | full year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Healthcare Facilities — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WELL
this stock
Welltower Inc.
|
$166.20B | +26.8% | +35.6% | 117.1 | 2.5% |
|
VTR
Ventas, Inc.
|
$46.78B | +17.9% | +18.5% | 168.9 | 4.6% |
|
DOC
Healthpeak Properties, Inc.
|
$14.24B | +29.1% | +4.5% | 59.0 | 3.5% |
|
OHI
Omega Healthcare Investors Inc
|
$14.11B | +4.7% | +13.2% | 16.6 | 4.2% |
|
AHR
American Healthcare REIT, Inc.
|
$11.86B | +15.6% | +9.1% | 78.9 | 10.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WELL | +4.2% | -4.4% | +13.1% | +0.4% | +26.9% |
| SPY | -0.4% | +2.6% | +10.7% | +2.7% | +12.5% |
| vs SPY | +4.6% | -7.0% | +2.3% | -2.3% | +14.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.