Is Welltower (WELL) overvalued or fairly valued?

MarketChacha shows Welltower's valuation in context — a trailing P/E of about 103.6, a forward P/E of about 74.3, a price-to-book of about 3.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Welltower's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.94×) from reported figures — education, not a rating.

What is Welltower's revenue?

Welltower reported revenue of $8.5B for FY2025, with net profit of $961.8M, per official filings.

What is the share price of Welltower (WELL)?

Welltower last traded at $236.17 (-2.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Welltower

WELL · NYSE · Real Estate · United States

Snapshot

TickerWELL

ExchangeNYSE

SectorReal Estate

IndustryREIT - Healthcare Facilities

CountryUnited States

Employees712

HeadquartersToledo, United States

Websitewww.welltower.com

Filings tracked20

About Welltower

Welltower Inc., an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. Their portfolio of 2,500+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. They believe our real estate portfolio is unmatched, located in highly attractive micro markets with stunning built environments. Yet, Welltower is an unusual real estate organization as they view themselves as an operating company in a real estate wrapper, driven by highly aligned partnerships and an unconventional culture. Through their disciplined approach to capital allocation powered by their Data Science platform and superior operating results driven by the Welltower Business System - their end-to-end operating platform - they aspire to deliver long-term compounding of per share growth for their existing investors, North Star. Welltower Inc. was incorporated in 1970 in Delaware and is based in Toledo, Ohio.

Who owns it

Insiders0.1%
Institutions99.9%
Public & other0.0%

2,185 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.83%
Vanguard Capital Management LLC6.40%
Vanguard Portfolio Management LLC6.03%
State Street Corporation5.85%
Capital International Investors5.48%
Cohen & Steers Inc.5.11%
Capital World Investors2.78%
Bank of America Corporation2.71%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 2.3% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.94×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.5% → 11.4%

Margin has expanded by about 3.8 points — the business is getting more profitable.

Return on equity2.3%

Latest ROE of 2.3% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 33% · PAT 64%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.0B · EPS 0.66

Est. earnings growth +19.5%

Next fiscal year

Rev $16.8B · EPS 3.18

Est. earnings growth +10.4%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$8.5B

Net margin

11.4%

ROE

2.3%

Revenue CAGR (2y)

+33.3%

Profit CAGR (2y)

+63.9%

EPS (FY2025)

1.39

Net profit (FY2025)

$961.8M

Ask MarketChacha about WELL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$8.5B	$961.8M	1.39	11.4%	2.3%
FY2024	$6.0B	$972.9M	1.57	16.1%	3.0%
FY2023	$4.8B	$358.1M	0.66	7.5%	1.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$2.8B	$752.3M	1.02	27.1%
2025Q3	$2.1B	$282.2M	0.41	13.7%
2025Q2	$2.0B	$304.6M	0.45	15.5%
2025Q1	$1.9B	$257.3M	0.40	13.8%
2024Q3	$1.5B	$456.8M	0.73	30.2%
2024Q2	$1.4B	$260.7M	0.42	18.7%
2024Q1	$1.4B	$131.6M	0.22	9.7%
2023Q3	$1.2B	$134.7M	0.24	11.2%
2023Q2	$1.2B	$106.3M	0.20	9.2%
2023Q1	$1.1B	$28.6M	0.05	2.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/28/2026
8-K — Other events, Exhibits
SEC7/28/2026material
8-K — Results of operations, Exhibits
SEC7/27/2026material
8-K — Other events, Exhibits
SEC7/13/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/1/2026material
8-K — Shareholder vote results
SEC5/22/2026material
10-Q filing
SEC4/29/2026
8-K — Other events, Exhibits
SEC4/29/2026material
8-K — Results of operations, Exhibits
SEC4/28/2026material
8-K — Material agreement, Exhibits
SEC3/10/2026material
10-K filing
SEC2/12/2026
8-K — Results of operations, Exhibits
SEC2/10/2026material

2025

10-Q filing
SEC10/28/2025
8-K — Other events, Exhibits
SEC10/28/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/27/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC10/27/2025material
8-K — Other events, Exhibits
SEC8/4/2025material
10-Q filing
SEC7/29/2025
8-K — Other events, Exhibits
SEC7/29/2025material
8-K — Results of operations
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.