WELL · Welltower Inc.

Track WELL — free

$230.24 -2.66 (-1.14%) At close · Sep 30

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$163.33B

705.91M

Volume · Sep 30 3M Avg daily vol (3M) 2.86M

Up next

Next earnings call

Dec 14, 2026 Est · unconfirmed · in 11 wks

Latest filing: 10-Q

filed Jul 28, 2026

Q2 2026 earnings call transcript

call held Jun 23, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$11.77B

Trailing 12 months

Net income (TTM)

$1.46B

Trailing 12 months

Revenue growth YoY

+38.3%

Year over year

Operating margin

—

Trailing 12 months

P / E (TTM)

115.9

Trailing earnings · reciprocal yield 0.9%

FCF yield

—

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

−$13.23B

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+11.1%

Year over year · more shares

Price change (1Y)

+32.2%

Trailing year

Short interest

2.5%

Latest settlement · 7.6 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jun 23, 2026

Q2 FY26

TL;DR. Welltower reported a 25.0% YoY rise in normalized FFO per share to $1.60, with 20.5% SHO same-store NOI growth, and raised full-year normalized FFO guidance to $6.36–$6.44 per share while lowering net income guidance to $3.11–$3.19 per share. The Board also increased the quarterly dividend 15% to $0.85.

Bullish

+ Normalized FFO per share rose 25.0% YoY to $1.60 in Q2
+ Total SSNOI grew 15.5% YoY, led by SHO SSNOI growth of 20.5%
+ Raised full-year normalized FFO guidance to $6.36–$6.44 per share from $6.21–$6.35
+ Quarterly dividend increased 15% to $0.85, citing confidence in cash flow durability and balance sheet strength
+ Strong SHO organic growth with 9.2% revenue growth, 330 bps occupancy growth and 5.2% RevPOR growth
+ Year-to-date closed or under contract $15.5 billion of pro rata gross investments at attractive yields

Bearish

− Lowered full-year net income attributable to common stockholders guidance to $3.11–$3.19 per share from $3.24–$3.38
− Impairment of assets of $25.8 million in Q2

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Neutral Momentum Strong Sentiment Very Bullish Fundamentals Weak Quant / Vol Very Low

Market backdrop VIX 16.3 · calm Equity put/call 0.53

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +9%

above

Price vs 50-day avg −2%

below

RSI (14) 48

neutral

MACD trend Negative

52-week position 78%

mid-range

Momentum

relative strength

Strong

1-month return −1%

trailing

6-month return +14%

trailing

YTD return +25%

this year

Relative strength +1%

vs S&P · 6-mo

Sentiment

smart money

Very Bullish

Trend (MA cross) No cross

50d $237 › 200d $213 — 50d above 200d

Institutional flow Accumulating

+7% holders QoQ · +208 funds added

Insider flow Accumulating

Net +$2.4M over 90 days · 0% sells

Short interest Falling

2.49% of float · ▼ -4.5% MoM · 7.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,613 holders — near 3-yr high, broad support

Squeeze score 56

elevated · 0–100

Fundamentals

Weak

Revenue growth +36%

Y/Y

EPS growth −11%

Y/Y

Valuation P/E 115.1

rich

Buyback $3.0B

remaining

Balance sheet $14.2B

net debt

Quant / Vol

risk profile

Very Low

Volatility 23%

annualized · 1-yr

Max drawdown −13%

past year

ATR 2.1%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Jul 27, 2026

Same Store NOI · full year 2026 Non-GAAP Initiated 13.75% – 16%

Seniors Housing Operating SSNOI · full year 2026 Non-GAAP Initiated 18.5% – 21.5%

Long-Term/Post-Acute Care SSNOI · full year 2026 Non-GAAP Initiated 2% – 3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

1 · 4 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+9% Bullish

Price vs 50-day avg

−2% Neutral

RSI (14)

48 Neutral

MACD trend

Negative Bearish

52-week position

78% Neutral

Market signals — smart money & positioning

Bullish · 4 of 6

Trend (MA cross) No cross

50d $237 › 200d $213 — 50d above 200d

Institutional flow Accumulating

+7% holders QoQ · +208 funds added

Insider flow Accumulating

Net +$2.4M over 90 days · 0% sells

Short interest Falling

2.49% of float · ▼ -4.5% MoM · 7.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,613 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $166 Now $233 · 78% Range high $252

vs 200-day avg +9% vs 50-day avg -2%

Illustrative 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
Average occupancy	87.6%	the three months ended June 30, 2026 filing	—
Consolidated net operating income (NOI) non-GAAP	$1.39B	Three Months Ended June 30, 2026 filing	+34.9%

GAAP → non-GAAP reconciliation GAAP Net income (loss) 462.98M -98.54M Loss (gain) on real estate dispositions and acquisitions of controlling interests, net +17.97M Loss (income) from unconsolidated entities -61.98M Income tax expense (benefit) +56.93M Other expenses +25.77M Impairment of assets +2.18M Provision for loan losses, net +1.98M Loss (gain) on extinguishment of debt, net +0K Loss (gain) on derivatives and financial instruments, net +67.49M General and administrative expenses +737.76M Depreciation and amortization +181.91M Interest expense = Consolidated net operating income (NOI) 1.39B
FFO non-GAAP	1.15B	Three Months Ended June 30, 2026 filing	—
Fixed charge coverage ratio	6.76	Three Months Ended June 30, 2026 filing	—
Interest coverage ratio non-GAAP	7.52	the three months ended June 30, 2026 filing	—
Net debt to book capitalization ratio	25%	Three Months Ended June 30, 2026 filing	—
Net debt to enterprise value ratio	9%	Three Months Ended June 30, 2026 filing	—
Net debt to undepreciated book capitalization ratio	21%	Three Months Ended June 30, 2026 filing	—
NICS	445M	Three Months Ended June 30, 2026 filing	—
NOI non-GAAP	$1.31B	Three Months Ended June 30, 2026 filing	—
NOI by segment: Non-segment/Corporate non-GAAP	$81.7M	Three Months Ended June 30, 2026 filing	—
NOI by segment: Outpatient Medical non-GAAP	$38.03M	Three Months Ended June 30, 2026 filing	—
NOI by segment: Seniors Housing Operating non-GAAP	$867.23M	Three Months Ended June 30, 2026 filing	—
NOI by segment: Triple-net non-GAAP	$407.5M	Three Months Ended June 30, 2026 filing	—
Same store properties (QTD Pool) non-GAAP	499	Three Months Ended June 30, 2026 filing	—
Same store properties (QTD Pool) - Outpatient Medical non-GAAP	89	Three Months Ended June 30, 2026 filing	—
Seniors Housing Operating Property mix	66%	Three Months Ended June 30, 2026 filing	—
SSNOI non-GAAP	$805.82M	the three months ended June 30, 2026 filing	—
SSNOI at Welltower Share - Outpatient Medical non-GAAP	$26.9M	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP Consolidated NOI 38.03M +4.45M NOI attributable to unconsolidated investments -969K NOI attributable to noncontrolling interests -11.58M NOI attributable to non-same store properties -3.04M Non-cash NOI attributable to same store properties = SSNOI at Welltower Share - Outpatient Medical 26.9M
SSNOI at Welltower Share - Seniors Housing Operating non-GAAP	$582.62M	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP Consolidated NOI 867.23M +21.13M NOI attributable to unconsolidated investments -15.46M NOI attributable to noncontrolling interests -288.15M NOI attributable to non-same store properties -1.29M Non-cash NOI attributable to same store properties -833K Currency and ownership adjustments = SSNOI at Welltower Share - Seniors Housing Operating 582.62M
SSNOI at Welltower Share - Total non-GAAP	$805.82M	Three Months Ended June 30, 2026 filing	—
SSNOI at Welltower Share - Triple-net non-GAAP	$196.31M	Three Months Ended June 30, 2026 filing	—
GAAP → non-GAAP reconciliation GAAP Consolidated NOI 407.5M -1.03M NOI attributable to noncontrolling interests -172.51M NOI attributable to non-same store properties -37.39M Non-cash NOI attributable to same store properties -259K Currency and ownership adjustments = SSNOI at Welltower Share - Triple-net 196.31M
SSNOI property count: Outpatient Medical (consolidated) non-GAAP	54	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Outpatient Medical (unconsolidated) non-GAAP	73	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Seniors Housing Operating (consolidated) non-GAAP	1,869	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Seniors Housing Operating (unconsolidated) non-GAAP	125	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total non-GAAP	2,950	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total (consolidated) non-GAAP	2,752	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total (unconsolidated) non-GAAP	198	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total Outpatient Medical non-GAAP	127	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total Seniors Housing Operating non-GAAP	1,994	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Total Triple-net non-GAAP	829	Three Months Ended June 30, 2026 filing	—
SSNOI property count: Triple-net (consolidated) non-GAAP	829	Three Months Ended June 30, 2026 filing	—
Triple-net Property mix	31%	Three Months Ended June 30, 2026 filing	—

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

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
WELL Welltower Inc. this stock	$163.33B	+25.5%	+35.6%	115.1	2.5%
VTR Ventas, Inc.	$44.42B	+12.3%	+18.5%	160.4	3.9%
DOC Healthpeak Properties, Inc.	$14.12B	+25.2%	+4.5%	58.5	3.7%
OHI Omega Healthcare Investors Inc	$14.02B	+5.0%	+13.2%	16.5	4.8%
AHR American Healthcare REIT, Inc.	$11.29B	+10.7%	+9.1%	75.1	11.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

1,613

% held: 101.4%
Net QoQ: +38.6M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

1,030

View

Short & Settlement

Short Interest Falling

Shares short

17.6M

Days to cover: 7.6d
Change: -835.3K sh

View

Short Volume

Short vol %

42%

As of: Sep 30, 2026

Short Total

View

Fails to Deliver

FTD shares

2.6K

Value: $609.7K
As of: Aug 31, 2026

View

Off-Exchange

Off-exchange %

43.7%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net buying

Net (90d)

+$2.4M

Buyers / Sellers: 1 / 0

Buyers Sellers

View

Congressional Trades Buy

Member

Alan Armstrong

Amount: $1.0K–$15.0K
Traded: Mar 30, 2026

View

Financials

Revenue (FY)

$10.8B

Net income (FY): $936.8M
EPS diluted: $1.39

View

Buybacks

Authorized

$3.0B

Remaining: $3.0B

Spent Remaining

View

Filings

SEC Filings

Latest

8-K

Filed: Jul 28, 2026
This year: 13

View

Proposed Sales

Value

$605.4K

Shares: 4.0K
Filed: Apr 30, 2025

View

Earnings & Events

Earnings Calls

Last call

Sep 23, 2026

View

Performance

	5D	20D	120D	MTD	YTD
WELL	+1.1%	-1.4%	+13.8%	-1.4%	+25.5%
SPY	-1.2%	-0.4%	+13.1%	-0.4%	+12.1%
vs SPY	+2.3%	-1.0%	+0.7%	-1.0%	+13.4%

Capital returns

Buyback program · as of Jun 30, 2026

Authorized

$3.00B

Spent (derived)

Remaining

$3.00B

Spent Remaining

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.

Key facts CIK 766704 CUSIP 95040Q104 13F (30d) 35 filings 20 filers Visit website Investor relations

WELL · Welltower Inc.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns