Welltower Inc. WELL
Welltower Inc. (NYSE: WELL), an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada. Our portfolio of 2,500+ seniors and wellness housing communities is positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. We believe our real estate portfolio is unmatched, located in highly attractive micromarkets with stunning built environments. Yet, we are an unusual real estate organization as we view ourselves as an operating company in a real estate wrapper, driven by highly-aligned partnerships and an unconventional culture. Through our disciplined approach to capital allocation powered by our Data Science platform and superior operating results driven by the Welltower Business System - our end-to-end operating platform - we aspire to deliver long-term compounding of per share growth for our existing investors, our North Star.
Snapshot
Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-28) — 8-K, EX-99.1.
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.
Dividends
| 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).
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 |
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.