Welltower Inc. WELL
Transforming healthcare infrastructure through senior housing, post-acute care, and outpatient medical facilities.
Executive Summary: Welltower Inc. (WELL) Institutional Rating
Quantitative Verdict: Welltower Inc. (WELL) trades at an annualized dividend yield of 1.16% with an AFFO payout ratio of 67.3%, earning a Dividend Safety Score of 88 / 100 (Safe). The stock currently trades at a 6.0% premium to NAV (premium valuation) relative to base Net Asset Value (NAV) of $125.00, backed by an institutional portfolio of 2,100 commercial properties operating at 87.5% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
Welltower Inc. operates as a Passive Capital Allocator in the Healthcare real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 87.5%.
Labor & Overhead Efficiency
- • Total Global Employees: 712
- • Estimated Market Cap: $171.01 B
- • Capital Per Employee: $240.18M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 5.66%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 4.16% | $170.07 | +36.1% | $237.32 | Overvalued |
| 4.66% | $151.82 | +21.5% | $237.32 | Overvalued |
| 5.16% | $137.11 | +9.7% | $237.32 | Overvalued |
| 5.66% Base Case | $125.00 | 0.0% | $237.32 | Overvalued |
| 6.16% | $114.85 | -8.1% | $237.32 | Overvalued |
| 6.66% | $106.23 | -15.0% | $237.32 | Overvalued |
| 7.16% | $98.81 | -21.0% | $237.32 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.6900 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| Boca Raton Outpatient Medical Pavilion | Boca Raton, FL | 160,000 sq ft | 94.8% | Baptist Health South Florida | $106,666,667 |
| The Sunrise of Beverly Hills Senior Residence | Beverly Hills, CA | 110,000 sq ft | 91.5% | Sunrise Senior Living Operator | $130,508,475 |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: WELL vs Peers
Institutional CompsDirect peer benchmark comparing Welltower Inc. against its top competitors in the Healthcare industry.
| Metric | WELL (Current) | VTR | SBRA | EQIX |
|---|---|---|---|---|
| Share Price | $237.32 | $86.80 | $19.56 | $955.03 |
| Dividend Yield | 1.16% | 5.07% | 5.06% | 1.78% |
| Dividend Safety Score | 88 / 100 | 75 / 100 | 75 / 100 | 91 / 100 |
| Price / AFFO Multiple | 57.9x | 14.99x | 15.05x | 26.24x |
| NAV Premium / Discount | +6.0% | -8.3% | -8.3% | +3.8% |
| Portfolio Occupancy | 87.5% | 88.0% | 88.0% | 97.4% |
| Commercial Properties | 2,100 | 150 | 150 | 260 |
Frequently Asked Questions (WELL FAQ)
Welltower Inc. (WELL) currently pays an annualized dividend of $2.76 per share, representing an annualized dividend yield of 1.16%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 67.3%, earning a Dividend Safety Score of 88/100 with a risk rating of 'Safe'.
Based on REITwave's institutional property-level valuation models, Welltower Inc.'s consensus base NAV is $125.00 per share. Trading at $237.32, the stock reflects an implied market cap rate of 5.66% and trades at a 6.0% premium to NAV (premium valuation).
Welltower Inc. owns and operates approximately 2,100 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 87.5% with a weighted average lease term (WALT) of 8.8 years.
Welltower Inc. currently trades at a Price / AFFO multiple of 57.9x based on forward AFFO per share of $4.10. Its Price / FFO multiple stands at 54.6x against forward FFO per share of $4.35.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Shankh Mitra. Total annual reported compensation was $20,200,824, reflecting a CEO-to-median-worker pay ratio of 168:1.
Welltower Inc. maintains a Net Debt-to-EBITDA ratio of 4.2x and carries an investment-grade credit rating of BBB+ / Baa1. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.