Welltower Inc.

Welltower Inc.

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Market Cap$168.93B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Welltower Inc.Welltower Inc.121.51.26%3%130.4

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Record quarter + major upgrade to 2026 outlook (strong forward momentum): - Reported normalized FFO $1.60/share (≈+25% YoY) and per-share FFO +25% YoY growth, one of the highest in company history. - Full-year 2026 guidance midpoint raised to $6.40 normalized FFO/share (range $6.36–$6.44), +$0.12 from prior guidance. - Net income attributable to common guided to $3.11–$3.19/share. - Core operating drivers: same-store occupancy +330 bps YoY and RevPOR +5.2% (vs 4.9% in Q2 last year), plus margin expansion (unit expenses subdued).
Operating performance: strong demand, pricing power, and improving margins (with cost discipline): - Same-store NOI +15.5% YoY; SHOP NOI growth +20.5% (SHOP is ~70% of total NOI). - Expense side controlled: ExpPOR +0.7% YoY; comp/room ~+0.8% (noted as one of the lowest on record). - Flow-through margins ~65%, and operating margin +300 bps YoY to >32% (above pre-COVID levels). - Company expects continued operating leverage as occupancy remains high and incremental revenue converts to NOI.
Capital allocation / transactions: big acquisition pace (but acknowledged dilution from dispositions): - Investment activity increased another $5B since last call; total ~$15.5B for 2026 with ~30+ deals in Q2 totaling $6.2B. - ~96% of Q2 activity off-market, with median transaction size ~$46M; 138 communities acquired across US/UK/Canada in Q2. - Remaining announced activity ~$6B; described as newer vintage senior housing (avg ~6 years old, ~75% in-place occupancy) acquired at ~20% discount to replacement cost. - Notable negative/surprising candor: Q2 earnings would have been even stronger absent ~$1B dispositions in the quarter and >$11B over the past year, implying trade-offs that create near-term dilution.

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$249.83

Target Price by Analysts

6.6% upsideWelltower Target Price DetailsTarget Price
$233.50

Current Fair Value

0.4% downside

Overvalued by 0.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$168.93 Billion
Enterprise Value$186.69 Billion
Dividend Yield$2.96 (1.26%)
Earnings per Share$1.41
Beta0.76
Outstanding Shares704,812,000

Return

Return on Equity2.89%ROE
Return on Assets1.92%
Return on Invested Capital1.05%

Valuation & Multiples

P/E Ratio121.47P/E Ratio
PEG-616.42PEG
Price to Sales13.02Price to Sales
Price to Book Ratio3.5Price to Book Ratio
Enterprise Value to Revenue14.6
Enterprise Value to EBIT263.62
Enterprise Value to Net Income138
Total Debt to Enterprise0.11
Debt to Equity0.42Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 27, 2026
EPS Estimate
$0.62
Average shareholder expectation
Revenue Estimate
$3.40 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 26, 2026
EPS Estimate
$0.65
Average shareholder expectation
Revenue Estimate
$3.56 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0000▼ 4.22%
Total Calls200▼ 99.98%
Total Puts200▼ 99.98%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.12%▼ 93.65%
Total Invested$6.53B▼ 95.10%
Investors Holding663▼ 860.00%

ESG Score

No data

About Welltower Inc

CEO: Thomas Derosa

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for all tax legislation, directly influencing corporate tax structures and capital investment policies that are paramount to REITs like Welltower.

Finance

Directly impacts corporate tax policy (crucial for REIT structure) and entitlement spending (Medicare/Medicaid pricing directly affects Welltower's healthcare facility tenants).

Appropriations

Controls federal spending, including significant allocations to healthcare programs (e.g., Medicare/Medicaid) which directly impact the revenue streams and operational viability of Welltower's healthcare facility tenants.

Health, Education, Labor, and Pensions

Directly regulates healthcare through FDA/NIH and influences labor laws, both of which significantly impact the operational costs and regulatory environment for Welltower's healthcare facility tenants.

Special Committee on Aging

Directly investigates issues affecting older Americans and long-term care quality, which are central to Welltower's senior housing and post-acute care property portfolio, creating significant reputational and operational risk.

Banking, Housing, and Urban Affairs

Directly regulates the financial system (SEC oversight of REITs) and real estate markets (HUD's influence on housing, which includes healthcare properties), placing it at the core of Welltower's operations.