Welltower Inc. WELL
Welltower Inc. (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is a leader in reshaping healthcare infrastructure. This Real Estate Investment Trust (REIT) strategically collaborates with premier operators in seniors housing, post-acute care, and health systems. Their core mission is to finance the vital property assets required to expand innovative care delivery models, thereby enhancing overall public wellness and healthcare experiences. Welltower's portfolio encompasses a variety of properties, including seniors housing, post-acute communities, and outpatient medical facilities, all situated primarily within key, rapidly growing markets across the United States, Canada, and the United Kingdom.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-12 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-28) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model WELL yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $10.67B | $936.85M | $2.14B | $2.31B | $2.88B |
| 2024 | $7.85B | $951.68M | $1.68B | $2.78B | $2.26B |
| 2023 | $6.48B | $340.09M | $1.44B | $2.40B | $1.60B |
| 2022 | $5.78B | $141.21M | $1.34B | $2.04B | $1.33B |
| 2021 | $4.71B | $336.14M | $1.05B | $1.71B | $1.28B |
| 2020 | $4.59B | $978.84M | $1.05B | $1.53B | $1.36B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-05-13 | 2026-05-13 | 2026-05-21 | 2026-04-28 | $0.74 | Quarterly |
| 2026-02-25 | 2026-02-25 | 2026-03-10 | 2026-02-10 | $0.74 | Quarterly |
| 2025-11-10 | 2025-11-11 | 2025-11-20 | 2025-10-27 | $0.74 | Quarterly |
| 2025-08-12 | 2025-08-12 | 2025-08-21 | 2025-07-28 | $0.74 | Quarterly |
| 2025-05-14 | 2025-05-14 | 2025-05-22 | 2025-04-28 | $0.67 | Quarterly |
| 2025-02-25 | 2025-02-25 | 2025-03-06 | 2025-02-11 | $0.67 | Quarterly |
| 2024-11-13 | 2024-11-13 | 2024-11-21 | 2024-10-28 | $0.67 | Quarterly |
| 2024-08-12 | 2024-08-12 | 2024-08-21 | 2024-07-29 | $0.67 | Quarterly |
| 2024-05-10 | 2024-05-13 | 2024-05-22 | 2024-04-29 | $0.61 | Quarterly |
| 2024-02-22 | 2024-02-23 | 2024-03-07 | 2024-02-13 | $0.61 | Quarterly |
| 2023-11-13 | 2023-11-14 | 2023-11-22 | 2023-10-30 | $0.61 | Quarterly |
| 2023-08-14 | 2023-08-15 | 2023-08-23 | 2023-07-31 | $0.61 | Quarterly |
| 2023-05-15 | 2023-05-16 | 2023-05-23 | 2023-05-02 | $0.61 | Quarterly |
| 2023-02-27 | 2023-02-28 | 2023-03-08 | 2023-02-15 | $0.61 | Quarterly |
| 2022-11-17 | 2022-11-18 | 2022-11-30 | 2022-11-07 | $0.61 | Quarterly |
| 2022-08-22 | 2022-08-23 | 2022-08-31 | 2022-08-09 | $0.61 | Quarterly |
| 2022-05-23 | 2022-05-24 | 2022-05-31 | 2022-05-10 | $0.61 | Quarterly |
| 2022-02-28 | 2022-03-01 | 2022-03-08 | 2022-02-15 | $0.61 | Quarterly |
| 2021-11-15 | 2021-11-16 | 2021-11-23 | 2021-11-04 | $0.61 | Quarterly |
| 2021-08-11 | 2021-08-12 | 2021-08-19 | 2021-07-29 | $0.61 | Quarterly |
| 2021-05-10 | 2021-05-11 | 2021-05-20 | 2021-04-28 | $0.61 | Quarterly |
| 2021-02-19 | 2021-02-22 | 2021-02-26 | 2021-02-09 | $0.61 | Quarterly |
| 2020-11-09 | 2020-11-10 | 2020-11-19 | 2020-10-28 | $0.61 | Quarterly |
| 2020-08-17 | 2020-08-18 | 2020-08-27 | 2020-08-05 | $0.61 | Quarterly |
Coverage (payout of operating cash flow): 69.80%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — WELL
Why Welltower's Growth Story Might Outrun Its Rich Valuation
Better Senior Housing REIT: Sabra Health Care or Welltower?
Welltower: Continued Property Acquisitions Support The Investment Case
Healthcare REITs in Focus as a Long-Term Bet on Aging Demographics
Welltower Stock Gains 20.9% in Six Months: Will It Continue to Rise?
Welltower Announces Date of Second Quarter 2026 Earnings Release, Conference Call and Webcast
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.