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Welltower Inc.
WELLReal EstateGenerated Aug 19, 2026, 10:32 PM UTC
WELL (Welltower Inc.) analytical snapshot. Revenue grew +35.6% YoY to $10.84B. 5-year revenue CAGR +18.0%; 10y CAGR +10.9%. Net margin at 0.00% (contracting ▼). Market cap $166.41B at $235.73 per share. Trailing P/E 169.59, P/S 15.35, P/B 3.80. Graham number $44.05 (trades above intrinsic). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 6 (data confidence 74%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Feb 12, 2026. Latest quarterly report (10-Q) filed Jul 28, 2026. 19 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 12, 2026.
- Latest quarterly report (10-Q) filed Jul 28, 2026.
- 19 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Welltower Inc.; broad institutional reporting.
- Recent filers include AEW CAPITAL MANAGEMENT L P, AEW CAPITAL MANAGEMENT L P, AEW CAPITAL MANAGEMENT L P.
- 20 recent 13G passive institutional ownership notices.
| Filer | Form | Filed |
|---|---|---|
| AEW CAPITAL MANAGEMENT L P | 13F-HR | Feb 6, 2026 |
| AEW CAPITAL MANAGEMENT L P | 13F-HR | Apr 28, 2026 |
| AEW CAPITAL MANAGEMENT L P | 13F-HR | Feb 5, 2025 |
| AEW CAPITAL MANAGEMENT L P | 13F-HR | Nov 14, 2024 |
| AEW CAPITAL MANAGEMENT L P | 13F-HR | Aug 4, 2026 |
| Date | Form | Description |
|---|---|---|
| Jul 28, 2026 | 8-K | 8-K |
| Jul 27, 2026 | 8-K | 8-K |
| Jul 13, 2026 | 8-K | 8-K |
| Jun 1, 2026 | 8-K | 8-K |
| May 22, 2026 | 8-K | 8-K |
| Apr 29, 2026 | 8-K | 8-K |
| Apr 28, 2026 | 8-K | 8-K |
| Mar 10, 2026 | 8-K | 8-K |
SEC Filing Deep-Analysis
2 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Going concern doubt: The term "going concern" "substantial doubt" appears in 5 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Substantial doubt about ability to continue: The term "substantial doubt" "ability to continue" appears in 5 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 2.77x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Going concern doubt, Substantial doubt about ability to continue.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $7.99B | $10.84B | $2.85B | +35.6% |
| Net income | $1.33B | $1.04B | $-291.6M | -21.9% |
| Operating cash flow | $2.26B | $2.88B | $625.3M | +27.7% |
| Total assets | $51.04B | $67.30B | $16.26B | +31.9% |
| Total liabilities | $18.47B | $24.10B | $5.63B | +30.5% |
| Long-term debt | $15.50B | $19.20B | $3.70B | +23.9% |
| Cash & equivalents | $3.51B | $5.03B | $1.53B | +43.5% |
| Stockholders equity | $31.96B | $42.13B | $10.17B | +31.8% |
| Accounts receivable | $222.5M | $251.1M | $28.5M | +12.8% |
| SG&A expense | $235.5M | $1.75B | $1.51B | +642.5% |
| Interest expense | $529.5M | $607.8M | $78.3M | +14.8% |
| Type | Concepts |
|---|---|
| Added | BusinessAcquisitionProFormaEarningsPerShareDiluted, BusinessAcquisitionsProFormaNetIncomeLoss, BusinessAcquisitionsProFormaRevenue |
| Removed | AccountsPayableCurrentAndNoncurrent, BelowMarketLeaseAmortizationIncomeAfterYearFive, BelowMarketLeaseAmortizationIncomeNextTwelveMonths, BelowMarketLeaseAmortizationIncomeYearFive, BelowMarketLeaseAmortizationIncomeYearFour, BelowMarketLeaseAmortizationIncomeYearThree, BelowMarketLeaseAmortizationIncomeYearTwo, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt, CommonStockDividendsPerShareCashPaid |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 5 | 1 | Ongoing |
| Substantial doubt about ability to continue | high | 5 | 1 | Ongoing |
| Impairment charge | medium | 5 | 7 | Ongoing |
| Restructuring | medium | 5 | 3 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 9 | Ongoing |
| Related party transactions | low | 5 | 7 | Ongoing |
Fundamentals
Revenue grew +35.6% YoY to $10.84B. 5-year revenue CAGR +18.0%; 10y CAGR +10.9%. Net margin at 0.00% (contracting ▼).
- Revenue grew +35.6% YoY to $10.84B.
- 5-year revenue CAGR +18.0%; 10y CAGR +10.9%.
- Net margin at 0.00% (contracting ▼).
- Return on equity 0.00%, ROA 0.00%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Debt/equity 0.41, current ratio —, net debt $13.23B.
- Asset turnover 0.16 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $7.99B | +20.4% | 0.00 | 0.00 | 0.00 | — | 0.00 |
| 2025 | $10.84B | +35.6% | 0.00 | 0.00 | 0.00 | — | 0.00 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jun 30, 2024 | $1.82B | +9.6% | — | — |
| Sep 30, 2024 | $2.06B | +23.7% | +12.6% | — |
| Mar 31, 2025 | $2.42B | +30.3% | +17.9% | — |
| Jun 30, 2025 | $2.55B | +39.6% | +5.2% | — |
| Sep 30, 2025 | $2.69B | +30.6% | +5.4% | — |
| Mar 31, 2026 | $3.35B | +38.3% | +24.8% | — |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $166.41B at $235.73 per share. Trailing P/E 169.59, P/S 15.35, P/B 3.80. Graham number $44.05 (trades above intrinsic).
- Market cap $166.41B at $235.73 per share.
Price & Technicals
Price $235.73 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 50.15.
- Price $235.73 — uptrend (above 200-DMA); 1-month momentum negative.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Moderate. Leverage debt/equity 0.41 (moderate). Earnings stability: net-margin stdev 13.00pp over 12y.
- Composite risk: Moderate.
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Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Welltower Inc. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Analytical read
deterministic previewRevenue grew **+35.6%** YoY to $10.84B..
Peer comparison
Rate-sensitive groupHow WELL stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Allstate Corp. ALL | 30 | Neutral |
| Visa Inc. V | 24 | Neutral |
| CME Group Inc. CME | 23 | Neutral |
| Capital One Financial COF | 21 | Neutral |
| Charles Schwab Corp. SCHW | 19 | Neutral |
| American Express Co. AXP | 16 | Neutral |
| Simon Property Group SPG | 15 | Neutral |
| Digital Realty Trust DLR | 13 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| U.S. Bancorp USB | 10 | Neutral |
| Travelers Cos. TRV | 10 | Neutral |
| Chubb Ltd. CB | 7 | Neutral |
| MetLife Inc. MET | 7 | Neutral |
| JPMorgan Chase & Co. JPM | 7 | Neutral |
| Welltower Inc. WELL● you | 6 | Neutral |
| Dominion Energy D | 4 | Neutral |
| Bank of America Corp. BAC | 3 | Neutral |
| Moody's Corp. MCO | 2 | Neutral |
| PNC Financial Services PNC | 2 | Neutral |
| Wells Fargo & Co. WFC | 1 | Neutral |
| BlackRock Inc. BLK | 1 | Neutral |
| American Tower Corp. AMT | 0 | Neutral |
| American Electric Power AEP | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Truist Financial TFC | -1 | Neutral |
| American Water Works AWK | -2 | Neutral |
| Equinix Inc. EQIX | -4 | Neutral |
| Goldman Sachs Group GS | -4 | Neutral |
| Prologis Inc. PLD | -5 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| Public Storage PSA | -5 | Neutral |
| Citigroup Inc. C | -5 | Neutral |
| Realty Income Corp. O | -6 | Neutral |
| Equity Residential EQR | -10 | Neutral |
| NextEra Energy NEE | -13 | Neutral |
| Duke Energy Corp. DUK | -14 | Neutral |
| Southern Company SO | -14 | Neutral |
| Exelon Corp. EXC | -14 | Neutral |
| Morgan Stanley MS | -14 | Neutral |
| S&P Global SPGI | -19 | Neutral |
| Crown Castle Inc. CCI | -21 | Neutral |
| American International Group AIG | -23 | Neutral |