olivLaw · US equity research
WELL WELL
Real Estate Investment Trusts · SIC 6798 · Vertical: Real Estate Investment Trusts (SIC 6798)
Welltower Inc. (WELL) is a NYSE-listed REIT focused on rental housing for aging seniors in the United States, United Kingdom and Canada, with over 2,500 communities. In fiscal 2025 the Seniors Housing Operating segment accounted for 78% of total revenues, and in the third quarter of 2026 same store NOI growth was 15.8%. Guidance for 2026 was revised upward, and the outlook depends on operator results and labor cost developments.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 02 Nov 2026, WELL (WELL) stock was 239.00 USD (+1.88% on the day), with market capitalisation 175.3 bn USD, P/E 102.3 on diluted EPS of 2.34 USD over the last 12 months, dividend yield 1.28%, beta 0.21, 52-week range 181.96–252.07 USD. Latest reported quarter (Q3 2026): revenue of 3.7 bn USD (+38.4% YoY), net income of 414.8 m USD (+47.0% YoY), diluted EPS 0.54 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 57.4
- strong (55–70)
- Bollinger (20, 2)
- 221.15 – 242.78
- in the upper half of the band · %B 0.83 · band width 9.3%
- SMA 50 / 200
- 233.44 / 218.74
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.90 / 0.48
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +5.0% | −2.3% | +7.3 pp | — |
| 3 months | +2.5% | −0.8% | +3.3 pp | — |
| 6 months | +10.1% | +4.7% | +5.3 pp | — |
| Year to date | +28.8% | +10.2% | +18.6 pp | — |
| 1 year | +32.0% | +10.3% | +21.8 pp | +5.7% |
| 3 years | +170.2% | +73.0% | +97.2 pp | +16.3% |
| 5 years | +188.6% | +61.8% | +126.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3 bn | 2.4 bn | 2.5 bn | 2.7 bn | 3.2 bn | 3.4 bn | 3.5 bn | 3.7 bn |
| Cost of revenue | 1.4 bn | 1.5 bn | 1.5 bn | 1.6 bn | 1.9 bn | 2.1 bn | 2.2 bn | 2.2 bn |
| SG&A | 48.7 m | 63.8 m | 64.2 m | 63.1 m | 1.6 bn | 67.5 m | 67.5 m | 67.2 m |
| Depreciation & amortisation | 480.4 m | 485.9 m | 495.0 m | 509.8 m | 594.2 m | 622.8 m | 737.8 m | 706.8 m |
| Pre-tax income | 109.2 m | 198.7 m | 298.2 m | 293.1 m | — | 345.2 m | 320.4 m | 338.0 m |
| Income tax | 114.0 k | -5.5 m | 1.1 m | 2.3 m | -5.0 m | 11.6 m | -62.0 m | 7.1 m |
| Net income | 123.8 m | 257.3 m | 304.6 m | 282.2 m | 117.8 m | 752.3 m | 463.0 m | 414.8 m |
| Diluted EPS | 0.20 ≈ | 0.40 | 0.45 | 0.41 | 0.17 ≈ | 1.02 | 0.61 | 0.54 |
| Operating cash flow | 559.2 m | 599.0 m | 770.0 m ≈ | 858.4 m ≈ | 654.3 m | 670.0 m | 1.0 bn ≈ | 1.0 bn ≈ |
| Dividends paid | 418.2 m | 432.4 m | 439.1 m ≈ | 496.9 m ≈ | 509.6 m | 520.5 m | 524.4 m ≈ | 614.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 73 percentile of its own 44-quarter history (min 14.8, median 57.3, max 331.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.7 bn | 5.1 bn | 4.6 bn | 4.7 bn | 5.9 bn | 6.6 bn | 8.0 bn | 10.8 bn |
| Revenue YoY | +8.9% | +9.0% | −10.1% | +3.0% | +23.6% | +13.3% | +20.4% | +35.6% |
| Net income | 829.8 m | 1.3 bn | 1.0 bn | 374.5 m | 160.6 m | 358.1 m | 972.9 m | 961.8 m |
| Net income YoY | +53.5% | +60.3% | −21.9% | −64.0% | −57.1% | +123.0% | +171.6% | −1.1% |
| Diluted EPS | 2.02 | 3.05 | 2.33 | 0.78 | 0.30 | 0.66 | 1.57 | 1.39 |
| Diluted EPS YoY | +60.3% | +51.0% | −23.6% | −66.5% | −61.5% | +120.0% | +137.9% | −11.5% |
| net % | 17.7% | 26.0% | 22.6% | 7.9% | 2.7% | 5.4% | 12.2% | 8.9% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 5.0 bn USD
- Financial debt
- 19.2 bn USD
- Net debt
- 14.2 bn USD
- Equity
- 42.9 bn USD
- Total assets
- 67.3 bn USD
- Debt / equity
- 0.45x
- Current ratio
- unavailable
- ROE
- 2.6%
- ROA
- 1.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.6 bn | 4.7 bn | 5.9 bn | 6.6 bn | 8.0 bn | 10.8 bn | SEC (XBRL)· 12 Feb 2026verified |
| Cost of revenue | 2.6 bn | 2.8 bn | 3.6 bn | 3.9 bn | 4.8 bn | 6.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Gross profit | 2.0 bn ≈ | 2.0 bn ≈ | 2.3 bn ≈ | 2.7 bn ≈ | 3.2 bn ≈ | 4.3 bn ≈ | SEC (XBRL)· 12 Feb 2026derived |
| SG&A | 128.4 m | 126.7 m | 150.4 m | 179.1 m | 235.5 m | 1.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Depreciation & amortisation | 1.0 bn | 1.0 bn | 1.3 bn | 1.4 bn | 1.6 bn | 2.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Interest expense | 514.4 m | 489.9 m | 529.5 m | 607.8 m | — | — | SEC (XBRL)· 15 Feb 2024verified |
| Pre-tax income | -31.6 m | 170.8 m | 173.1 m | 350.0 m | 524.4 m | — | SEC (XBRL)· 12 Feb 2025verified |
| Income tax | 10.0 m | 8.7 m | 7.2 m | 6.4 m | 2.7 m | -7.1 m | SEC (XBRL)· 12 Feb 2026verified |
| Net income | 1.0 bn | 374.5 m | 160.6 m | 358.1 m | 972.9 m | 961.8 m | SEC (XBRL)· 12 Feb 2026verified |
| Diluted EPS | 2.33 | 0.78 | 0.30 | 0.66 | 1.57 | 1.39 | SEC (XBRL)· 12 Feb 2026verified |
| Weighted average diluted shares | 417.4 m | 426.8 m | 465.2 m | 518.7 m | 608.8 m | 679.5 m | SEC (XBRL)· 12 Feb 2026verified |
| Dividend per share | 2.70 | 2.44 | 2.44 | 2.44 | 2.56 | 2.82 | SEC (XBRL)· 12 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.5 bn | 269.3 m | 631.7 m | 2.0 bn | 3.5 bn | 5.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Goodwill | 68.3 m | 68.3 m | 68.3 m | 68.3 m | 149.2 m | 346.3 m | SEC (XBRL)· 12 Feb 2026verified |
| Intangibles (excl. goodwill) | 322.5 m | 503.4 m | 461.4 m | 514.8 m | 665.9 m | 908.7 m | SEC (XBRL)· 12 Feb 2026verified |
| Total assets | 32.5 bn | 34.9 bn | 37.9 bn | 44.0 bn | 51.0 bn | 67.3 bn | SEC (XBRL)· 12 Feb 2026verified |
| Long-term debt | 2.4 bn | 13.9 bn | 14.7 bn | 15.7 bn | 15.5 bn | 19.2 bn | SEC (XBRL)· 12 Feb 2026verified |
| Total liabilities | 15.3 bn | 15.9 bn | 16.5 bn | 17.6 bn | 18.5 bn | 24.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Equity | 16.9 bn | 18.6 bn | 21.0 bn | 26.1 bn | 32.3 bn | 42.9 bn | SEC (XBRL)· 12 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.4 bn | 1.3 bn | 1.3 bn | 1.6 bn | 2.3 bn | 2.9 bn | SEC (XBRL)· 12 Feb 2026verified |
| Investing cash flow | 2.3 bn | -4.5 bn | -3.7 bn | -5.7 bn | -5.5 bn | -10.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Financing cash flow | -2.1 bn | 1.6 bn | 2.8 bn | 5.4 bn | 4.9 bn | 9.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Dividends paid | 1.1 bn | 1.0 bn | 1.1 bn | 1.3 bn | 1.5 bn | 1.9 bn | SEC (XBRL)· 12 Feb 2026verified |
| Share repurchases | 7.7 m | 0 | 0 | — | — | — | SEC (XBRL)· 21 Feb 2023verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 28 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 175.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Growth100
- Quality20
- Returns6
- Valuation23
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 37.06 – 173.37 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)37.06 – 49.84 (Mid 42.51)
- Peers: P/B147.60 – 173.37 (Mid 158.72)6 companies used · median multiple 2.4x · quartiles 2.2x – 2.6xDLR, EXR, O, PLD, VMRK, VTR
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 28/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 4.0% | 20 (vs peers) | 10% |
| EBITDA margin · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 22.7% | 100 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 3.6x | 30 (vs peers) | 31% |
| P/E (TTM) · Valuation | 102.3x | 8 (vs peers) | 14% |
| Dividend yield · Returns | 1.3% | 8 (vs peers) | 24% |
| Payout ratio (EPS) · Returns | 131.4% | 0 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality· partial20/100 · 1/2 factors with a value
- Returns6/100 · 2/2 factors with a value
- Valuation23/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
WELLTOWER INC. (WELL). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 10.8 bn USD in 2025; YoY growth 35.6%; net margin 12.7%; ROE 4.0%.
The estimated value range is 92.33–111.60 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 100.61 USD, the price of 239.00 USD leaves a potential of -57.9% (value / price − 1) and a margin of safety of -137.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 28/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, quality. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 22.7%
What contradicts it
- ROE: 4.0%
- P/B: 3.6x
- P/E (TTM): 102.3x
- Dividend yield: 1.3%
- Payout ratio (EPS): 131.4%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): EBITDA margin, Net debt / EBITDA, Interest coverage.
Versus the vertical median
Real Estate Investment Trusts (SIC 6798) · same industry (4-digit SIC) · compared with 12 companies
Only companies with a capitalisation between 20.9 bn and 1,340.7 bn (within 8× of the company's); 143 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WELLWelltower Inc. | 175.3 bn | 102.3 | 4.0% | 12.7% | +35.6% | +32% / +170% |
| PLDPrologis, Inc. | 120.9 bn | 32.7 | 7.1% | 42.5% | +7.2% | +1% / +13% |
| EQIXEquinix Inc | 98.4 bn | 59.7 | 11.5% | 16.4% | +5.4% | +32% / +22% |
| AMTAmerican Tower Corporation | 87.3 bn | 26.4 | 90.6% | 30.7% | +5.1% | +4% / −10% |
| PSAPublic Storage | 62.3 bn | 33.9 | 16.0% | 37.8% | +2.7% | +21% / +29% |
| DLRDigital Realty Trust, Inc. | 61.8 bn | 45.9 | 6.2% | 21.7% | +10.0% | +10% / +27% |
| ORealty Income Corporation | 54.5 bn | 42.0 | 3.3% | 21.5% | +9.1% | −0% / +7% |
| VTRVentas, Inc. | 45.9 bn | 163.1 | 1.9% | 4.0% | +18.5% | +8% / +89% |
| CCICrown Castle Inc. | 37.0 bn | 44.2 | — | 20.7% | −4.4% | −5% / −26% |
| IRMIron Mountain Inc | 34.3 bn | 81.6 | — | 5.7% | +12.2% | +33% / +80% |
| EXRExtra Space Storage Inc. | 32.6 bn | 31.7 | 7.9% | 29.9% | +3.7% | +17% / +20% |
| VICIVICI Properties Inc. | 27.5 bn | 11.5 | 8.3% | 56.5% | +4.1% | −13% / −16% |
| VMRKVivmark Residential | 23.3 bn | 27.2 | 8.1% | — | +4.8% | +1% / +9% |
1- and 3-year price returns: for WELL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 159.30 Total return -32% · Per year -32% | 280.35 Total return 18% · Per year 18% | 420.52 Total return 77% · Per year 77% |
| 3 years | 188.96 Total return -18% · Per year -6% | 370.76 Total return 59% · Per year 17% | 605.56 Total return 158% · Per year 37% |
| 5 years | 224.14 Total return -1% · Per year -0% | 490.33 Total return 113% · Per year 16% | 872.00 Total return 275% · Per year 30% |
- Exit P/E± 92.69
- Net margin± 64.88
- Annual revenue growth± 48.39
- Annual dilution± 5.45
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Oct 2026; since then the company filed 10-Q (27 Oct 2026).
In brief
Welltower Inc. (WELL) is a NYSE-listed REIT focused on rental housing for aging seniors in the United States, United Kingdom and Canada, with over 2,500 communities. In fiscal 2025 the Seniors Housing Operating segment accounted for 78% of total revenues 1, and in the third quarter of 2026 same store NOI growth was 15.8% 3. Guidance for 2026 was revised upward, and the outlook depends on operator results and labor cost developments 3.
SWOT
Strengths
- The company has a large portfolio diversified across property types and countries, which reduces dependence on a single operator or market 1.
- Access to several funding sources and an undrawn credit line give flexibility in financing investments 23.
- Master lease structures bundle risk across properties and limit a tenant's ability to select only the better performing assets 1.
Weaknesses
- The company depends on external operators and managers who control the day-to-day running of properties 1.
- Results are sensitive to occupancy, private pay rates and government reimbursement, any of which can decline 1.
- Leverage and the cost of capital could limit the ability to finance new acquisitions under some market conditions 3.
Opportunities
Risks
- Dependence on operatorshigh
Operators and tenants control day-to-day activity, and their financial difficulties could affect payments to the company 1.
- Government reimbursementhigh
Changes to reimbursement programs could reduce operator revenues and affect their payments to the company 1.
- Labor costsmedium
Staff shortages and higher wages could reduce operator margins and make it harder to meet minimum staffing requirements 1.
- Leverage and financing costsmedium
High interest rates and possible credit rating downgrades could affect access to capital and the cost of financing 1.
- Currency and international exposurelow
Properties in the United Kingdom and Canada expose the company to currency fluctuations and regulatory differences 13.
Investment thesis
What would need to be true (bull case)
- If occupancy and rate growth continue, same store NOI growth could remain strong in the coming years 3.
- An aging population could sustain long-term demand for seniors housing, the segment where the company is positioned 1.
- Access to financing across several markets and raised guidance could support growth in normalized FFO per share 3.
What would break the thesis
- If Medicaid changes reduce reimbursement rates, operators could struggle to pay rent 1.
- Rapid investment growth could expose the company to integration risk and higher purchase prices in a competitive market 13.
- If occupancy falls due to public health crises or local oversupply, revenues from the operating segment could be affected 1.
What to watch
- Occupancy and revenue per occupied room trends in Seniors Housing OperatingQ4 2026
- Closing of announced acquisitions and how they are financed2027
- Medicaid reimbursement changes and their impact on operators2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Oct 2026; since then the company filed 10-Q (27 Oct 2026).
The business
Welltower Inc. conducts its business through Welltower OP LLC, structured as an UPREIT, in which the company holds an approximate 98.378% interest as of December 31, 2025 1. The portfolio includes over 2,500 seniors and wellness communities positioned at the intersection of housing and hospitality 1. The company invests in seniors housing, wellness housing and post-acute care communities, and as of December 31, 2025 it had 62 partners managing its Seniors Housing Operating properties 1.
The revenue model combines long-term leases, in which tenants bear operating costs, with resident fees and services earned directly from properties. Approximately 96.9% of triple-net properties were subject to master leases, which groups risk across a set of assets 1. The company also makes real estate loans with an interest yield of approximately 8.9% per annum as of December 31, 2025 1.
Recent results show rapid expansion: in the nine months ended September 30, 2026, pro rata gross investments of 13.3 billion dollars were completed 3. The company also issued Canadian-dollar senior unsecured notes, which indicates access to several funding markets 3. Net Debt to Adjusted EBITDA was 3.02x as of September 30, 2026 3.
Segments
Seniors Housing Operating
This is the largest segment, representing 78% of total revenues in 2025 1. It includes independent living, assisted living, Alzheimer's and dementia care and care homes in the United Kingdom, operated by partners. In the third quarter of 2026 same store NOI growth in this segment was 21.0%, supported by 320 basis points of average occupancy growth 3.
Outpatient Medical
The segment consists of leased outpatient medical buildings, largely affiliated with health systems 1. It represented 7% of total revenues in 2025, down from prior years 1. The company disposed of 25 outpatient medical properties in the third quarter of 2026, indicating a reshaping of the portfolio 3.
Market context
The company operates in the seniors housing market, where demand is linked to the aging population in the United States, United Kingdom and Canada 1. The market depends on private pay rates, Medicare and Medicaid reimbursement and staff availability, factors that can influence occupancy and operator revenues 1. The company describes an investment environment where margins could remain attractive if the cost of capital stays below acquisition yields 3.
The market is shaped by public policy, particularly changes to Medicaid funding that could reduce reimbursement rates if the cited legislation applies as described 1. Labor costs and high interest rates are relevant pressures for operators 1. If these conditions improve, the company could continue to report revenue growth on a same store basis 3.
Trends
- Rising demand for seniors housingtailwind
An aging population supports long-term demand for seniors housing, a segment in which the company is positioned 1. Higher occupancy and revenue per occupied room show that this demand is translating into revenue 3.
- Labor cost pressuresheadwind
Shortages of medical staff and rising wages affect operator costs, which could reduce their capacity to pay rent 1.
- Medicaid reimbursement changesheadwind
Changes to Medicaid reimbursement could reduce some operators' revenues if the referenced legislation applies as described 1.
- Acquisition and disposition cyclemixed
The company has pursued large acquisitions and asset sales, and results depend on how quickly capital is redeployed under favorable market conditions 23.
Competitive position
Operators and managers compete locally and regionally with other providers offering comparable services to residents and patients 1. Oversupply risk may affect operators' ability to meet their obligations to Welltower 1. The company identifies competition for acquisitions as a factor that can raise purchase prices 1.
In international markets, Welltower also competes through its financing structure and its ability to access capital in several currencies and markets 3. The 2026 acquisitions reflect competition for quality assets, and guidance could be affected if prices rise 3.
- Care UK
Seniors housing operator and a principal partner in the Seniors Housing Operating segment, accounting for a significant share of segment revenue in 2025.
- Cogir Management Company
Seniors property manager that generated part of Seniors Housing Operating segment revenue in 2025.
- Sunrise Senior Living
Senior living community operator and one of the company's principal operating partners.
- Integra Healthcare Properties
Tenant in the triple-net segment with a meaningful share of that segment's revenue in 2025.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Is Welltower Stock Outperforming the Nasdaq?Yahoo Finance — News · 07 Sept 2026 · EN
- Welltower Prepares C$750 Million Canadian Dollar Bond SaleBloomberg Markets · 06 Jul 2026 · EN
The latest news item in our archive is from 07 Sept 2026; the newest SEC filing is from 27 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report27 Oct 2026Other events · Financial statements and exhibits
- Quarterly report27 Oct 2026
- Current report26 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report28 Jul 2026Other events · Financial statements and exhibits
- Quarterly report28 Jul 2026
- Current report27 Jul 2026Results of operations · Financial statements and exhibits
- Current report13 Jul 2026Other events · Financial statements and exhibits
- Current report01 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report22 May 2026Shareholder vote
- Current report29 Apr 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / WELL · 12 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / WELL · 28 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / WELL · 26 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.