WELL
Welltower Inc. Real Estate Real Estate Investment Trusts S&P 500Russell 3000
$234.60Close
$163.4BMarket cap
$178.26 – $251.1252-week range
Late-januaryNext report · estimated
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
7%
1wk
down 1.1%
price change
1mo
up 1.9%
price change
12-month return
up 32%
market up 11% ·
its own up 24%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
174.4×
price / earnings
PEG
—
P/E / EPS growth
P/B
3.9×
price / book
Earnings yield
up 0.5%
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 40%
year on year
EPS growth
—
latest quarter
Sales growth
up 51%
latest quarter · -0 pts
ROE
up 3%
return on equity
Free cash margin
up 34%
$2.9B FCF
D/E
0.46
long-term debt / equity
Net debt / EBITDA
4.7×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- Gross margin 19.9% → 23.2%
Trade setup
ATR%
2.6%
$6.19 a day · 2×ATR $222.22
RS
70 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
1.3×
vs 50-day average
Up/down volume
1.00
50 sessions
Implied move
—
no scheduled report
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Heavily indebted Net debt is 4.7 times EBITDA — roughly 5 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 9.6% over the year, from 635m to 697m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 26, 2026
Results reaction
Oct 26, 2026-6% vs market2 sessions after results
Options
$7.6M27.0% IV · activity
Financials
- Gross 23%
- Net 11%
- Free cash 34%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.6B | $3.2B | $4.2B | $4.8B | $6.0B | $8.5B |
| Gross margin | 44% | 13% | 15% | 17% | 20% | 23% |
| Net income | $1.0B | $336.1M | $141.2M | $340.1M | $951.7M | $936.8M |
| Net margin | 23% | 11% | 3% | 7% | 16% | 11% |
| Earnings per share | $2.49 | $0.79 | $0.30 | $0.66 | $1.56 | $1.38 |
| Free cash flow | $1.4B | $1.3B | $1.3B | $1.6B | $2.3B | $2.9B |
| Free cash margin | 30% | 40% | 32% | 34% | 37% | 34% |
| Cash | $1.5B | $269.3M | $631.7M | $2.0B | $3.5B | $5.0B |
| Long-term debt | $2.4B | $13.9B | $14.7B | $15.7B | $15.5B | $19.2B |
| Shareholders' equity | $16.0B | $17.6B | $20.3B | $25.4B | $32.0B | $42.1B |
| Shares outstanding | 417.40m | 447.24m | 490.51m | 564.24m | 635.29m | 696.51m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $221 – $248 ±5.8% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 27.0% priced · 30.1% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $7.6M calls $4.1M · puts $3.4M · latest session
- 0.82× -0.35 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +2.35k · puts +2.51k past week
For options traders: ATM IV 27.0% (-1.1% 1w) · 1m ÷ 3m IV 1.11 · 25Δ skew 4.0 pts · Net GEX $1.9M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 27, 2026 | Quarterly ↗ | Sep 30, 2026 | 27d |
| Jul 28, 2026 | Quarterly ↗ | Jun 30, 2026 | 28d |
| Apr 29, 2026 | Quarterly ↗ | Mar 31, 2026 | 29d |
| Feb 12, 2026 | Annual ↗ | Dec 31, 2025 | 43d |
| Oct 28, 2025 | Quarterly ↗ | Sep 30, 2025 | 28d |
| Jul 29, 2025 | Quarterly ↗ | Jun 30, 2025 | 29d |
| Apr 29, 2025 | Quarterly ↗ | Mar 31, 2025 | 29d |
| Feb 12, 2025 | Annual ↗ | Dec 31, 2024 | 43d |
| Oct 29, 2024 | Quarterly ↗ | Sep 30, 2024 | 29d |
| Jul 30, 2024 | Quarterly ↗ | Jun 30, 2024 | 30d |
| Apr 30, 2024 | Quarterly ↗ | Mar 31, 2024 | 30d |
| Feb 15, 2024 | Annual ↗ | Dec 31, 2023 | 46d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 27, 2026 | Other events ↗ |
| Oct 26, 2026 | Results · Regulation FD ↗ |
| Jul 28, 2026 | Other events ↗ |
| Jul 27, 2026 | Results ↗ |
| Jul 13, 2026 | Other events ↗ |
| Jun 1, 2026 | Regulation FD ↗ |
| May 22, 2026 | Shareholder vote ↗ |
| Apr 29, 2026 | Other events ↗ |
| Apr 28, 2026 | Results ↗ |
| Mar 10, 2026 | Material agreement ↗ |
| Feb 10, 2026 | Results ↗ |
| Oct 28, 2025 | Other events ↗ |