The Motley Fool·2d ago
Welltower: 3 Key Takeaways for Long-Term InvestorsWelltower raised the full-year normalized FFO midpoint by $0.10 to $6.50 per share. Total portfolio same-store net operating income grew 16% year over year.
Welltower's revenue has roughly doubled from $1.8B in 2024Q2 to $3.7B in 2026Q3 on 41.4% year-over-year growth, a trajectory that appears driven by SHOP occupancy and rate recovery alongside an active acquisition cadence, with FFO per share rising to $1.46 and FFO growth of 37.2% in the latest quarter.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated from 13.3% in 2024Q2 to 41.4% in 2026Q3 with NOI margins holding near 38-40%, though the reported 100.0% margin in 2026Q3 and FFO growth swings from -7.4% to +82% indicate volatility that undermines single-quarter read-throughs.
Welltower is a top-tier REIT with robust FFO growth and disciplined capital allocation, particularly in its senior housing operating segment.
The aging baby boomer population is a significant demand driver for senior housing, positioning Welltower favorably.
Welltower is accelerating its investment pace and has raised its 2026 guidance for normalized FFO, anticipating continued strong performance.
Welltower is trading at a high P/FFO multiple, significantly above its historical average, suggesting potential overvaluation.
A high dividend payout ratio raises concerns about the sustainability of Welltower's dividend payments.
Challenges in integrating recent acquisitions could diminish EBITDA margins amid increasing competition.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 26, 2026 | $0.54-15.8% vs $0.64 | $3.7B+2.0% vs $3.6B |
Q3 2026 Jul 27, 2026 | $0.61-1.1% vs $0.62 | $3.5B+4.2% vs $3.4B |
Q2 2026 Apr 28, 2026 | $1.02+50.2% vs $0.68 | $3.4B+5.5% vs $3.2B |
Q1 2026 Feb 10, 2026 | $0.14-75.7% vs $0.58 | $3.2B+11.3% vs $2.9B |
Welltower raised the full-year normalized FFO midpoint by $0.10 to $6.50 per share. Total portfolio same-store net operating income grew 16% year over year.
Nearly 70 million boomers are turning 80 while new senior housing construction crawls near record lows.
The correlation between rates and REIT performance has weakened in 2026. Certain REIT categories, such as healthcare, lodging, and data centers, are soaring.
REITs, as measured by VNQ, have pulled back ~6% from July highs amid rising interest rates, now trading at meaningful discounts to NAV. Public REITs' low leverage and fixed-rate debt position them to benefit from declining new supply and potential rent growth over 2027-2028. Current market dislocation reflects capital market volatility, not deteriorating property fundamentals; transaction markets remain frozen due to wide bid-ask spreads.
Benchmark WELL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Welltower Inc. (WELL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $245.01 | $176.55B | 126.51 | 35.82% | 10.67% | 3.15% | 1.13% | |
| $88.75 | $43.15B | 173.41 | 18.47% | 3.91% | 1.85% | 2.09% | |
| $48.19 | $14.35B | 20.31 | 13.95% | 57.66% | 13.66% | 5.21% | |
| $21.02 | $5.3B | 76.38 | 10.15% | 7.78% | 2.55% | 5.63% | |
| $44.77 | $2.29B | 4.82 | 25.26% | 127.83% | 37.34% | 5.15% | |
| $71.24 | $3.45B | 20.71 | 12.93% | 38.47% | 10.85% | 5.06% |
Welltower Inc. (WELL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Welltower Inc. (WELL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Oct 26, 2026·SEC
Jul 28, 2026·SEC
Get notified when WELL posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Welltower Inc. (WELL) stock FAQ — growth, dividends, profitability & financials explained
Welltower Inc. (WELL) reported $13.70B in revenue over the trailing twelve months. Revenue was $10.67B in fiscal year 2025. That is 19508% more than the $54.4M of fiscal year 1996.
Welltower Inc. (WELL) grew revenue by 40.5% over the trailing twelve months, compared with the twelve months before.
Yes. Welltower Inc. (WELL) earned $1.46B in net income over the trailing twelve months (a 10.7% net margin).
Yes. Welltower Inc. (WELL) pays a dividend that yields 1.13% at the current price, a moderate yield.
Welltower Inc. (WELL) had a return on equity (ROE) of 3.2% over the trailing twelve months. That is below the market's typical 10-15%.
Welltower Inc. (WELL) generated Funds From Operations (FFO) of $4.15B in the trailing twelve months. FFO is the primary profitability metric for REITs.
