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SLG vs WELL
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Healthcare Facilities
SLG vs WELL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Healthcare Facilities |
| Market Cap | $3.18B | $151.66B |
| Revenue (TTM) | $981M | $11.63B |
| Net Income (TTM) | $-88M | $1.43B |
| Gross Margin | 58.2% | 39.1% |
| Operating Margin | 42.7% | 4.4% |
| Forward P/E | — | 79.7x |
| Total Debt | $7.91B | $21.38B |
| Cash & Equiv. | $336M | $5.03B |
SLG vs WELL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| SL Green Realty Cor… (SLG) | 100 | 100.1 | +0.1% |
| Welltower Inc. (WELL) | 100 | 427.2 | +327.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SLG vs WELL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SLG is the clearest fit if your priority is growth exposure.
- Rev growth 42.0%, EPS growth -21.2%, 3Y rev CAGR 5.2%
- 42.0% FFO/revenue growth vs WELL's 35.8%
WELL carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.13, yield 1.3%
- 233.9% 10Y total return vs SLG's -26.2%
- Lower volatility, beta 0.13, Low D/E 49.5%, current ratio 5.34x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 42.0% FFO/revenue growth vs WELL's 35.8% | |
| Quality / Margins | 12.3% margin vs SLG's -9.0% | |
| Stability / Safety | Beta 0.13 vs SLG's 1.20, lower leverage | |
| Dividends | 1.3% yield; 2-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +45.8% vs SLG's -13.9% | |
| Efficiency (ROA) | 2.3% ROA vs SLG's -0.8%, ROIC 0.5% vs 1.1% |
SLG vs WELL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SLG vs WELL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — SLG and WELL each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 11.9x SLG's $981M. WELL is the more profitable business, keeping 12.3% of every revenue dollar as net income compared to SLG's -9.0%. On growth, SLG holds the edge at +9.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $981M | $11.6B |
| EBITDAEarnings before interest/tax | $678M | $2.8B |
| Net IncomeAfter-tax profit | -$88M | $1.4B |
| Free Cash FlowCash after capex | $28M | $2.5B |
| Gross MarginGross profit ÷ Revenue | +58.2% | +39.1% |
| Operating MarginEBIT ÷ Revenue | +42.7% | +4.4% |
| Net MarginNet income ÷ Revenue | -9.0% | +12.3% |
| FCF MarginFCF ÷ Revenue | +2.9% | +21.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | +40.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -13.2% | +22.5% |
Valuation Metrics
SLG leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, SLG's 26.2x EV/EBITDA is more attractive than WELL's 67.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.2B | $151.7B |
| Enterprise ValueMkt cap + debt − cash | $10.8B | $168.0B |
| Trailing P/EPrice ÷ TTM EPS | -28.12x | 155.73x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 79.69x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 26.24x | 67.37x |
| Price / SalesMarket cap ÷ Revenue | 3.17x | 14.22x |
| Price / BookPrice ÷ Book value/share | 0.72x | 3.40x |
| Price / FCFMarket cap ÷ FCF | — | 53.25x |
Profitability & Efficiency
Evenly matched — SLG and WELL each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
WELL delivers a 3.5% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-2 for SLG. WELL carries lower financial leverage with a 0.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to SLG's 1.82x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs SLG's 2/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.0% | +3.5% |
| ROA (TTM)Return on assets | -0.8% | +2.3% |
| ROICReturn on invested capital | +1.1% | +0.5% |
| ROCEReturn on capital employed | +1.5% | +0.6% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 7 |
| Debt / EquityFinancial leverage | 1.82x | 0.49x |
| Net DebtTotal debt minus cash | $7.6B | $16.3B |
| Cash & Equiv.Liquid assets | $336M | $5.0B |
| Total DebtShort + long-term debt | $7.9B | $21.4B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.26x |
Total Returns (Dividends Reinvested)
WELL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WELL five years ago would be worth $31,193 today (with dividends reinvested), compared to $8,427 for SLG. Over the past 12 months, WELL leads with a +45.8% total return vs SLG's -13.9%. The 3-year compound annual growth rate (CAGR) favors WELL at 43.3% vs SLG's 34.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -3.5% | +16.2% |
| 1-Year ReturnPast 12 months | -13.9% | +45.8% |
| 3-Year ReturnCumulative with dividends | +142.3% | +194.0% |
| 5-Year ReturnCumulative with dividends | -15.7% | +211.9% |
| 10-Year ReturnCumulative with dividends | -26.2% | +233.9% |
| CAGR (3Y)Annualised 3-year return | +34.3% | +43.3% |
Risk & Volatility
WELL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WELL is the less volatile stock with a 0.13 beta — it tends to amplify market swings less than SLG's 1.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WELL currently trades 98.6% from its 52-week high vs SLG's 66.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 0.13x |
| 52-Week HighHighest price in past year | $66.91 | $219.59 |
| 52-Week LowLowest price in past year | $34.77 | $142.65 |
| % of 52W HighCurrent price vs 52-week peak | +66.8% | +98.6% |
| RSI (14)Momentum oscillator 0–100 | 60.8 | 57.6 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 2.6M |
Analyst Outlook
WELL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates SLG as "Hold" and WELL as "Buy". Consensus price targets imply 12.9% upside for SLG (target: $50) vs 4.6% for WELL (target: $227). WELL is the only dividend payer here at 1.28% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $50.46 | $226.50 |
| # AnalystsCovering analysts | 31 | 34 |
| Dividend YieldAnnual dividend ÷ price | — | +1.3% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | — | $2.76 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
WELL leads in 3 of 6 categories (Total Returns, Risk & Volatility). SLG leads in 1 (Valuation Metrics). 2 tied.
SLG vs WELL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is SLG or WELL a better buy right now?
For growth investors, SL Green Realty Corp.
(SLG) is the stronger pick with 42. 0% revenue growth year-over-year, versus 35. 8% for Welltower Inc. (WELL). Welltower Inc. (WELL) offers the better valuation at 155. 7x trailing P/E (79. 7x forward), making it the more compelling value choice. Analysts rate Welltower Inc. (WELL) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — SLG or WELL?
Over the past 5 years, Welltower Inc.
(WELL) delivered a total return of +211. 9%, compared to -15. 7% for SL Green Realty Corp. (SLG). Over 10 years, the gap is even starker: WELL returned +233. 9% versus SLG's -26. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — SLG or WELL?
By beta (market sensitivity over 5 years), Welltower Inc.
(WELL) is the lower-risk stock at 0. 13β versus SL Green Realty Corp. 's 1. 20β — meaning SLG is approximately 803% more volatile than WELL relative to the S&P 500. On balance sheet safety, Welltower Inc. (WELL) carries a lower debt/equity ratio of 49% versus 182% for SL Green Realty Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — SLG or WELL?
By revenue growth (latest reported year), SL Green Realty Corp.
(SLG) is pulling ahead at 42. 0% versus 35. 8% for Welltower Inc. (WELL). On earnings-per-share growth, the picture is similar: Welltower Inc. grew EPS -11. 5% year-over-year, compared to -21. 2% for SL Green Realty Corp.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — SLG or WELL?
Welltower Inc.
(WELL) is the more profitable company, earning 8. 8% net margin versus -8. 8% for SL Green Realty Corp. — meaning it keeps 8. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SLG leads at 15. 4% versus 3. 3% for WELL. At the gross margin level — before operating expenses — WELL leads at 39. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is SLG or WELL more undervalued right now?
Analyst consensus price targets imply the most upside for SLG: 12.
9% to $50. 46.
07Which pays a better dividend — SLG or WELL?
In this comparison, WELL (1.
3% yield) pays a dividend. SLG does not pay a meaningful dividend and should not be held primarily for income.
08Is SLG or WELL better for a retirement portfolio?
For long-horizon retirement investors, Welltower Inc.
(WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 1. 3% yield, +233. 9% 10Y return). Both have compounded well over 10 years (WELL: +233. 9%, SLG: -26. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between SLG and WELL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
WELL pays a dividend while SLG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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