WELL Welltower

XNYS Sideways Alert

Real Estate

· How we analyze

About the company

Welltower is a real estate company (REIT) focused on healthcare and senior living. It owns senior residences, assisted living facilities and medical office buildings and works with operators. The properties are in the US, Canada and the UK. As of Oct 11, 2026

Fact sheet (from the annual report) Real estate investment trusts (REITs) · Toledo, USA

Welltower is a real estate investment trust focused on rental housing for older people in the United States, the United Kingdom and Canada. The portfolio consists mainly of senior housing communities and age-appropriate communities for older people who live independently, according to the company at the intersection of housing and hospitality. The business is divided into senior housing with operating partners, properties leased on a triple-net basis and outpatient medical buildings. The properties of the triple-net segment go mainly under long-term master leases to operators that bear all operating costs, utilities, property taxes, insurance and maintenance. According to the company, its capital allocation relies on its own data platform.

Automatically summarized from SEC annual report (10-K, filed Feb 12, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today −5.8%
  • 7 days −4.8%
  • 30 days −2.0%
  • 1 year +24.2%
Day range (last trading day)
−0.9%Price at 15% of the range+4.9%
52-week range
−22.9%Price at 65% of the range+12.6%
Distance from the all-time high
−11.2%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for WELL. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

Load chart from TradingView

This transfers data (including your IP address) to TradingView, also to the USA. More in the Privacy policy.

Symbol on TradingView: NYSE:WELL

Fundamental analysis

Welltower · Sector Real Estate · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 12, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 1 without data 5 of 7 criteria met Growth Revenue and earnings per share 6 of 7 criteria met Dividend Level, consistency, coverage 5 of 7 criteria met Financial strength Piotroski, debt, liquidity · 2 without data 3 of 4 criteria met

Quality 5 of 7 met · 1 without data

  • met: Gross margin above 40% 40.1%
  • no data: Operating margin above 15% not stated in the SEC filings
  • not met: Net margin above 10% 8.6%
  • not met: Return on equity above 15% 2.2%
  • met: Free cash flow margin above 10% 16.9%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 62.6%
Gross margin

40.1% Fiscal year 2025

Rank 34 of 100: higher than 34% of 153 peers (All). medium.

Sector: too few peers

Share of revenue left after the direct cost of the products sold.

Net margin

8.6% Fiscal year 2025

Rank 35 of 100: higher than 35% of 237 peers (All). medium.

Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.

Median Real Estate: 14.6%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

2.2% Fiscal year 2025

Rank 18 of 100: higher than 18% of 218 peers (All). weak.

Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.

Median Real Estate: 6.3%

Net income divided by equity at fiscal year end.

Return on assets

1.4% Fiscal year 2025 (total assets at year end)

Rank 25 of 100: higher than 25% of 238 peers (All). weak.

Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.

Median Real Estate: 3.4%

Net income divided by total assets at fiscal year end.

Equity ratio

62.6% Fiscal year 2025

Rank 83 of 100: higher than 83% of 239 peers (All). strong.

Rank 90 of 100: higher than 90% of 5 peers (Sector). strong.

Median Real Estate: 41.8%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

16.9% Fiscal year 2025

Rank 58 of 100: higher than 58% of 213 peers (All). medium.

Sector: too few peers

Free cash flow divided by revenue.

Free cash flow

1.8B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 6 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +22.7%
  • met: Over 5 years, revenue grew by more than 5% per year +18.7%
  • met: Over 10 years, revenue grew by more than 5% per year +10.9%
  • met: Over 3 years, EPS grew by more than 5% per year +66.7%
  • not met: Over 5 years, EPS grew by more than 5% per year −9.8%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +35.6%
Revenue growth 3 years

+22.7% per year

Rank 80 of 100: higher than 80% of 230 peers (All). strong.

Rank 90 of 100: higher than 90% of 5 peers (Sector). strong.

Median Real Estate: +8.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+18.7% per year

Rank 72 of 100: higher than 72% of 217 peers (All). strong.

Rank 90 of 100: higher than 90% of 5 peers (Sector). strong.

Median Real Estate: +11.1%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+10.9% per year

Rank 67 of 100: higher than 67% of 157 peers (All). strong.

Sector: too few peers

Average growth per year over 10 fiscal years.

EPS growth 3 years

+66.7% per year

Rank 96 of 100: higher than 96% of 157 peers (All). strong.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

−9.8% per year

Rank 3 of 100: higher than 3% of 146 peers (All). weak.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

−5.1% per year

Rank 7 of 100: higher than 7% of 140 peers (All). weak.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

Dividend 5 of 7 met

  • met: Pays a dividend 2.82 USD
  • not met: Payout ratio at most 60% of earnings 203%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +0.9%
  • met: Free cash flow per share covers the dividend 1.0x
  • not met: Dividends paid over the last 5 years covered by free cash flow 111% of free cash flow
Payout ratio

203% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+0.9% per year

Rank 6 of 100: higher than 6% of 118 peers (All). weak.

Sector: too few peers

Growth of the dividend per share per year.

Free cash flow coverage

1.0x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 3 of 4 met · 2 without data

  • no data: Piotroski F-Score at least 7 of 9 too many criteria without data 6 of 8 · 1 without data
  • met: Long-term debt no higher than equity 0.46
  • no data: Current assets cover current liabilities not reported (usual for banks and insurers)
  • met: Positive equity 42.1B USD
  • not met: In 5 years, share count up by at most 5% +62.8%
  • met: Free cash flow positive in the last fiscal year 1.8B USD
Piotroski F-Score

6 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.46 at fiscal year end

Rank 60 of 100: lower than 60% of 199 peers (All). medium.

Rank 70 of 100: lower than 70% of 5 peers (Sector). strong.

Median Real Estate: 0.66

Long-term financial debt divided by equity.

Change in share count

+62.8% in 5 years

Rank 12 of 100: lower than 12% of 199 peers (All). weak.

Rank 30 of 100: lower than 30% of 5 peers (Sector). weak.

Median Real Estate: +26.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • no data: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+18.7% per year), at least as fast as the sector median.
  • Light red: Net income (total) shrank over 5 years (−1.5% per year); per share −9.8% per year.
  • Light yellow: Net margin 8.9%, below the sector median (20.8%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 4.3B USD · Net income 1.1B USD · Net margin 25.3%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 4.3B USD · Net income 540.6M USD · Net margin 12.5%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 4.7B USD · Net income 829.8M USD · Net margin 17.7%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 5.1B USD · Net income 1.3B USD · Net margin 26.0%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 4.6B USD · Net income 1.0B USD · Net margin 22.6%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 4.7B USD · Net income 374.5M USD · Net margin 7.9%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 5.9B USD · Net income 160.6M USD · Net margin 2.7%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 6.6B USD · Net income 358.1M USD · Net margin 5.4%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.0B USD · Net income 972.9M USD · Net margin 12.2%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 10.8B USD · Net income 961.8M USD · Net margin 8.9%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 10.8B USD · Net income 961.8M USD · Net margin 8.9%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 40.1 USD gross profit and 8.6 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue10.8B USD100.0%
Gross profit4.3B USD40.1%
Cost of revenue6.5B USD59.9%
Net income936.8M USD8.6%
Operating expenses, taxes & other3.4B USD31.5%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The net margin fell in 5 years from 21.3% to 8.6%.

Gross marginNet margin
  1. Fiscal year 2016: Gross margin not available · Net margin 25.2%
  2. Fiscal year 2017: Gross margin 51.7% · Net margin 12.1%
  3. Fiscal year 2018: Gross margin 48.2% · Net margin 17.1%
  4. Fiscal year 2019: Gross margin 47.5% · Net margin 24.1%
  5. Fiscal year 2020: Gross margin 43.6% · Net margin 21.3%
  6. Fiscal year 2021: Gross margin 41.5% · Net margin 7.1%
  7. Fiscal year 2022: Gross margin 39.3% · Net margin 2.4%
  8. Fiscal year 2023: Gross margin 40.5% · Net margin 5.1%
  9. Fiscal year 2024: Gross margin 39.6% · Net margin 11.9%
  10. Fiscal year 2025: Gross margin 40.1% · Net margin 8.6%

Returns

Return on equity fell in 5 years from 6.1% to 2.2%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 7.3% · Return on assets 3.7%
  2. Fiscal year 2017: Return on equity 3.6% · Return on assets 1.9%
  3. Fiscal year 2018: Return on equity 5.5% · Return on assets 2.7%
  4. Fiscal year 2019: Return on equity 7.9% · Return on assets 3.7%
  5. Fiscal year 2020: Return on equity 6.1% · Return on assets 3.0%
  6. Fiscal year 2021: Return on equity 1.9% · Return on assets 1.0%
  7. Fiscal year 2022: Return on equity 0.7% · Return on assets 0.4%
  8. Fiscal year 2023: Return on equity 1.3% · Return on assets 0.8%
  9. Fiscal year 2024: Return on equity 3.0% · Return on assets 1.9%
  10. Fiscal year 2025: Return on equity 2.2% · Return on assets 1.4%

Equity and long-term debt

The equity ratio rose in 5 years from 49.2% to 62.6%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 14.8B USD · Long-term debt 11.7B USD
  2. Fiscal year 2017: Equity 14.4B USD · Long-term debt 11.0B USD
  3. Fiscal year 2018: Equity 14.6B USD · Long-term debt 12.2B USD
  4. Fiscal year 2019: Equity 15.5B USD · Long-term debt 13.4B USD
  5. Fiscal year 2020: Equity 16.0B USD · Long-term debt 13.9B USD
  6. Fiscal year 2021: Equity 17.6B USD · Long-term debt 13.9B USD
  7. Fiscal year 2022: Equity 20.3B USD · Long-term debt 14.7B USD
  8. Fiscal year 2023: Equity 25.4B USD · Long-term debt 15.7B USD
  9. Fiscal year 2024: Equity 32.0B USD · Long-term debt 15.5B USD
  10. Fiscal year 2025: Equity 42.1B USD · Long-term debt 19.2B USD

Cash flow

Free cash flow rose in 5 years from 1.1B USD to 1.8B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 1.6B USD · Capital expenditure 219.1M USD · Free cash flow 1.4B USD
  2. Fiscal year 2017: Operating cash flow 1.4B USD · Capital expenditure 250.3M USD · Free cash flow 1.2B USD
  3. Fiscal year 2018: Operating cash flow 1.6B USD · Capital expenditure 266.2M USD · Free cash flow 1.3B USD
  4. Fiscal year 2019: Operating cash flow 1.5B USD · Capital expenditure 328.8M USD · Free cash flow 1.2B USD
  5. Fiscal year 2020: Operating cash flow 1.4B USD · Capital expenditure 245.0M USD · Free cash flow 1.1B USD
  6. Fiscal year 2021: Operating cash flow 1.3B USD · Capital expenditure 282.6M USD · Free cash flow 992.7M USD
  7. Fiscal year 2022: Operating cash flow 1.3B USD · Capital expenditure 476.0M USD · Free cash flow 852.7M USD
  8. Fiscal year 2023: Operating cash flow 1.6B USD · Capital expenditure 517.7M USD · Free cash flow 1.1B USD
  9. Fiscal year 2024: Operating cash flow 2.3B USD · Capital expenditure 857.5M USD · Free cash flow 1.4B USD
  10. Fiscal year 2025: Operating cash flow 2.9B USD · Capital expenditure 1.1B USD · Free cash flow 1.8B USD

Share count

The share count rose in 5 years by 62.8% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 360.2M
  2. Fiscal year 2017: Diluted share count 369.0M
  3. Fiscal year 2018: Diluted share count 375.3M
  4. Fiscal year 2019: Diluted share count 403.8M
  5. Fiscal year 2020: Diluted share count 417.4M
  6. Fiscal year 2021: Diluted share count 426.8M
  7. Fiscal year 2022: Diluted share count 465.2M
  8. Fiscal year 2023: Diluted share count 518.7M
  9. Fiscal year 2024: Diluted share count 608.8M
  10. Fiscal year 2025: Diluted share count 679.5M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
2.82 USD · Fiscal year 2025
Dividend growth per year
3 y +4.9%5 y +0.9%10 y −1.6%
Years without a cut
4 in a row up to now
Payout ratio
of earnings 203% of free cash flow 103%
To shareholders (5 years)
6.9B USD 0% through repurchases
Share count over 5 years
+62.8% more shares – dilution

Dividend per share

The dividend per share stayed roughly the same in 5 years (2.82 USD).

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 3.44 USD
  2. Fiscal year 2017: Dividend per share 3.48 USD
  3. Fiscal year 2018: Dividend per share 3.48 USD
  4. Fiscal year 2019: Dividend per share 3.48 USD
  5. Fiscal year 2020: Dividend per share 2.70 USD
  6. Fiscal year 2021: Dividend per share 2.44 USD
  7. Fiscal year 2022: Dividend per share 2.44 USD
  8. Fiscal year 2023: Dividend per share 2.44 USD
  9. Fiscal year 2024: Dividend per share 2.56 USD
  10. Fiscal year 2025: Dividend per share 2.82 USD

Payout ratios

The payout ratio rose in 5 years from 115.9% to 202.9%.

Payout ratio (earnings)Payout ratio (free cash flow) Ratios above 500% hidden (earnings or free cash flow close to zero).
  1. Fiscal year 2016: Payout ratio (earnings) 122.4% · Payout ratio (free cash flow) 87.5%
  2. Fiscal year 2017: Payout ratio (earnings) 276.2% · Payout ratio (free cash flow) 107.9%
  3. Fiscal year 2018: Payout ratio (earnings) 172.3% · Payout ratio (free cash flow) 98.7%
  4. Fiscal year 2019: Payout ratio (earnings) 114.1% · Payout ratio (free cash flow) 116.4%
  5. Fiscal year 2020: Payout ratio (earnings) 115.9% · Payout ratio (free cash flow) 100.0%
  6. Fiscal year 2021: Payout ratio (earnings) 312.8% · Payout ratio (free cash flow) 104.5%
  7. Fiscal year 2022: Payout ratio (earnings) not available · Payout ratio (free cash flow) 132.9%
  8. Fiscal year 2023: Payout ratio (earnings) 369.7% · Payout ratio (free cash flow) 116.2%
  9. Fiscal year 2024: Payout ratio (earnings) 163.1% · Payout ratio (free cash flow) 110.5%
  10. Fiscal year 2025: Payout ratio (earnings) 202.9% · Payout ratio (free cash flow) 102.5%

What goes back to shareholders

Over 5 years, 6.9B USD went back to shareholders as dividends. That is 111% of the free cash flow of those years. This was offset by new shares issued for 2.3B USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 1.2B USD · Share repurchases not available · New shares issued (including employee plans) 534.2M USD · Free cash flow 1.4B USD
  2. Fiscal year 2017: Dividends paid 1.3B USD · Share repurchases not available · New shares issued (including employee plans) 622.0M USD · Free cash flow 1.2B USD
  3. Fiscal year 2018: Dividends paid 1.3B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 789.6M USD · Free cash flow 1.3B USD
  4. Fiscal year 2019: Dividends paid 1.4B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 1.1B USD · Free cash flow 1.2B USD
  5. Fiscal year 2020: Dividends paid 1.1B USD · Share repurchases 7.7M USD · New shares issued (including employee plans) 595.3M USD · Free cash flow 1.1B USD
  6. Fiscal year 2021: Dividends paid 1.0B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 2.3B USD · Free cash flow 992.7M USD
  7. Fiscal year 2022: Dividends paid 1.1B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 852.7M USD
  8. Fiscal year 2023: Dividends paid 1.3B USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.1B USD
  9. Fiscal year 2024: Dividends paid 1.5B USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.4B USD
  10. Fiscal year 2025: Dividends paid 1.9B USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.8B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Welltower next to 4 stocks of the sector Real Estate we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison WELL, sector Real Estate; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
WELL Welltower this stock 10.8B USD +18.7%40.1%–8.6%2.2%62.6%16.9%–
AMT American Tower 10.6B USD +5.8%–45.5%23.8%69.3%5.8%35.5%–
EQIX Equinix 9.2B USD +9.0%51.1%20.0%14.6%9.5%35.3%−4.3%5/9
PLD Prologis 8.8B USD +14.6%–49.6%37.9%6.3%53.9%––
OPEN Opendoor Technologies 4.4B USD +11.1%8.0%−6.6%−29.7%−129.4%41.8%23.7%4/9
Median of the sector 5 symbols 9.2B USD +11.1%––14.6%6.3%41.8%––

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+18.7% per year, last 5 years

Sector Real Estate: median +9.0% (31 symbols)

What does this mean? Revenue: over 5 years it grew by 18.7% per year on average – at least as fast as the median company in the sector (+9.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light red: shrinking

−1.5% per year, last 5 years

Sector Real Estate: median +10.6% (28 symbols)

per share: −9.8% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it fell by 1.5% per year on average. The median company in the sector reached +10.6% per year.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

8.9% last fiscal year

Sector Real Estate: median 20.8% (30 symbols)

What does this mean? Of every 100 USD in revenue, 8.87 USD remained as profit – less than the median company in the sector (20.8%). Five years ago the margin was 22.6%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.37 latest balance sheet

Sector Real Estate: median 0.82 (23 symbols)

What does this mean? For every 1 USD of equity there is 0.37 USD of financial debt – no more than the median company in the sector (0.82). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: little meaning

203% Dividend / earnings per share

Sector Real Estate: median 129% (24 symbols)

What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
10.8B USD
Revenue vs. prior year
+35.6%
Net income (FY)
936.8M USD
Net income vs. prior year
−1.6%
EPS (FY)
1.39 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 12, 2026 · Balance sheet Sep 30, 2026 (filed Oct 27, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 10.8B961.8M 8.9% 1.39 2.82 203%
2024Dec 31, 2024 8.0B972.9M 12.2% 1.57 2.56 163%
2023Dec 31, 2023 6.6B358.1M 5.4% 0.66 2.44 370%
2022Dec 31, 2022 5.9B160.6M 2.7% 0.30 2.44 813%
2021Dec 31, 2021 4.7B374.5M 7.9% 0.78 2.44 313%
2020Dec 31, 2020 4.6B1.0B 22.6% 2.33 2.70 116%
2019Dec 31, 2019 5.1B1.3B 26.0% 3.05 3.48 114%
2018Dec 31, 2018 4.7B829.8M 17.7% 2.02 3.48 172%
2017Dec 31, 2017 4.3B540.6M 12.5% 1.26 3.48 276%
2016Dec 31, 2016 4.3B1.1B 25.3% 2.81 3.44 122%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Sep 30, 2026 3.7B414.8M 11.2% 0.54 0.85 157%
Q2/26Jun 30, 2026 3.5B463.0M 13.1% 0.61 0.74 121%
Q1/26Mar 31, 2026 3.4B752.3M 22.4% 1.02 0.74 73%
Q4/25*Dec 31, 2025 3.2B117.8M 3.7% – – –
Q3/25Sep 30, 2025 2.7B282.2M 10.5% 0.41 0.74 180%
Q2/25Jun 30, 2025 2.5B304.6M 12.0% 0.45 0.67 149%
Q1/25Mar 31, 2025 2.4B257.3M 10.6% 0.40 0.67 168%
Q4/24*Dec 31, 2024 2.3B123.8M 5.5% – – –
Q3/24Sep 30, 2024 2.1B456.8M 22.2% 0.73 0.67 92%
Q2/24Jun 30, 2024 1.8B260.7M 14.3% 0.42 0.61 145%
Q1/24Mar 31, 2024 1.9B131.6M 7.1% 0.22 0.61 277%
Q4/23*Dec 31, 2023 1.7B88.4M 5.1% – 0.61 –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $2.4M1 person $00 people +$2.4M
6 months $2.4M1 person $00 people +$2.4M
12 months $2.4M1 person $00 people +$2.4M

Latest transactions

  • Aug 26, 2026 Gundlach Andrew Director Open-market purchase 2,500 shares · $605.2K · SEC
  • Aug 26, 2026 Gundlach Andrew Director Open-market purchase 2,500 shares · $605.2K · SEC
  • Aug 25, 2026 Gundlach Andrew Director Open-market purchase 2,500 shares · $598.7K · SEC
  • Aug 25, 2026 Gundlach Andrew Director Open-market purchase 2,500 shares · $598.7K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -15

Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-20
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)15.3
Rel. strength 60 d−3.7%

ATR and moving averages as price values only when logged in.

More stocks from Real Estate

All symbols in this sector

News

Latest news

Posts

No posts on WELL yet – log in to join the discussion.

Posts are opinions of users and only visible after logging in. Community rules

Set alert: WELL

Alerts with a free account: we send you an email as soon as the price moves above or below your level.

Checked after every data update: crypto hourly (buy zones every 4 hours), stocks twice a day, precious metals every 4 hours on trading days, extended universe weekly – not in real time.

Log in Sign up free

↑ ↓ select · Enter open · Esc close