Welltower Inc. (WELL) stock — is it a good business?

Welltower Inc. (WELL) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Welltower's results release of October 26, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.72B
+38% y/y
+4.8% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.54
+32% y/y
-11% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Senior Housing Operating: senior apartments and care communities where partner operators provide services to residents.86%
Triple-net properties: senior housing and long-term care buildings leased to operators.12%
Outpatient Medical: buildings leased to healthcare providers.2%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells5

Senior Housing Operating communities
Age-targeted apartments and senior communities, including independent living, assisted living, memory care and continuing care communities. Services vary by property and may include meals, housekeeping, activities and help with daily tasks.
Triple-net senior housing and care properties
Senior housing and long-term care buildings leased to operators under long-term agreements. The tenant generally pays rent and the property's operating expenses.
Outpatient medical buildings
Buildings leased to healthcare providers for services delivered outside a hospital stay, including medical offices and other outpatient care space.

Show 2 more

Real estate loans
Loans to property owners or developers, usually secured by real estate or related guarantees, that generate interest and may include principal repayments and fees.
Property development and construction investments
Funding for new or redeveloped properties, provided directly or with joint-venture partners, with funds advanced as construction work progresses.

Who buys it4

Older adults who pay for housing and, where available, meals, help with daily activities and care; family members may help choose the community or arrange payment.
Senior-housing and care operators that lease properties from Welltower and pay rent under lease agreements.
Healthcare providers, including providers connected with health systems, that lease outpatient medical buildings.
Operators of nursing and post-acute care properties, whose income may include payments from Medicare, Medicaid, private insurers and patients.

What it stands on, and what could break it

What the business leans on

1Welltower relies on outside operators to manage many Senior Housing Operating properties. It had relationships with 62 operator partners (December 31, 2025, high). Care UK, Cogir Management Company and Sunrise Senior Living accounted for 14%, 12% and 10% of Senior Housing Operating segment revenue, respectively (year ended December 31, 2025, high).
2Operators of long-term and post-acute care properties rely in part on government healthcare payments, including Medicare and Medicaid; those operators' ability to pay rent or meet other obligations can be affected by payment rates and eligibility rules.
3Welltower relies on its REIT tax status and must meet tax-law requirements for its income, assets and distributions.

What could go wrong

1If care operators' costs rise, including labor costs, or their resident and patient revenue falls, they may have less ability to pay rent or meet other obligations to Welltower.
2Changes to Medicare or Medicaid payment rules, rates or eligibility can reduce income for care operators, affecting their ability to meet obligations to Welltower.
3Operators may fail to meet healthcare licensing, care-quality or other legal requirements. This can disrupt operations or lead to penalties, loss of licenses or government payments, and Welltower may face additional exposure at properties it operates through RIDEA arrangements.

Full financial statements →

About Welltower Inc.

Welltower is a real estate investment trust (REIT) that owns housing and healthcare properties in the United States, the United Kingdom and Canada. At December 31, 2025, its portfolio included more than 2,500 communities and properties (high). It runs some senior-housing properties through operator partners and leases other properties to care operators and healthcare providers. In the second quarter of 2026, occupancy at properties held in both comparison periods rose 330 basis points year over year (high), and revenue per occupied room rose 5.2% year over year (high).

Head office: Toledo, Ohio
Founded: 1970 (company founding year, high)
Employees: 712 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Welltower Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Welltower's results release of October 26, 2026; its quarterly report has since been filed.

Revenue
Actual
$3.72B
+38% y/y
+4.8% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.54
+32% y/y
-11% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes Welltower is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Reit Healthcare Facilities

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Real Estate

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Senior Housing Operating: senior apartments and care communities where partner operators provide services to residents.86%
Triple-net properties: senior housing and long-term care buildings leased to operators.12%
Outpatient Medical: buildings leased to healthcare providers.2%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells5

Senior Housing Operating communities
Age-targeted apartments and senior communities, including independent living, assisted living, memory care and continuing care communities. Services vary by property and may include meals, housekeeping, activities and help with daily tasks.
Triple-net senior housing and care properties
Senior housing and long-term care buildings leased to operators under long-term agreements. The tenant generally pays rent and the property's operating expenses.
Outpatient medical buildings
Buildings leased to healthcare providers for services delivered outside a hospital stay, including medical offices and other outpatient care space.

Show 2 more

Real estate loans
Loans to property owners or developers, usually secured by real estate or related guarantees, that generate interest and may include principal repayments and fees.
Property development and construction investments
Funding for new or redeveloped properties, provided directly or with joint-venture partners, with funds advanced as construction work progresses.

Who buys it4

Older adults who pay for housing and, where available, meals, help with daily activities and care; family members may help choose the community or arrange payment.
Senior-housing and care operators that lease properties from Welltower and pay rent under lease agreements.
Healthcare providers, including providers connected with health systems, that lease outpatient medical buildings.
Operators of nursing and post-acute care properties, whose income may include payments from Medicare, Medicaid, private insurers and patients.

What it stands on, and what could break it

What the business leans on

1Welltower relies on outside operators to manage many Senior Housing Operating properties. It had relationships with 62 operator partners (December 31, 2025, high). Care UK, Cogir Management Company and Sunrise Senior Living accounted for 14%, 12% and 10% of Senior Housing Operating segment revenue, respectively (year ended December 31, 2025, high).
2Operators of long-term and post-acute care properties rely in part on government healthcare payments, including Medicare and Medicaid; those operators' ability to pay rent or meet other obligations can be affected by payment rates and eligibility rules.
3Welltower relies on its REIT tax status and must meet tax-law requirements for its income, assets and distributions.

What could go wrong

1If care operators' costs rise, including labor costs, or their resident and patient revenue falls, they may have less ability to pay rent or meet other obligations to Welltower.
2Changes to Medicare or Medicaid payment rules, rates or eligibility can reduce income for care operators, affecting their ability to meet obligations to Welltower.
3Operators may fail to meet healthcare licensing, care-quality or other legal requirements. This can disrupt operations or lead to penalties, loss of licenses or government payments, and Welltower may face additional exposure at properties it operates through RIDEA arrangements.

Full financial statements →

About Welltower Inc.

Head office: Toledo, Ohio
Founded: 1970 (company founding year, high)
Employees: 712 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

How it makes money

Competes with

What it sells5

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Welltower Inc.

Q3 2026 results

Revenue

EPS, GAAP

Keep exploring

The theme it is part of

Highest-graded in Reit Healthcare Facilities

Grade rose recently in Real Estate

How it makes money

Competes with

What it sells5

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Welltower Inc.

Welltower Inc.

Keep exploring

The theme it is part of

Highest-graded in Reit Healthcare Facilities

Grade rose recently in Real Estate

Healthcare property

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

How it makes money

Competes with

What it sells5

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Welltower Inc.

Q3 2026 results

Revenue

EPS, GAAP

Keep exploring

The theme it is part of

Highest-graded in Reit Healthcare Facilities

Grade rose recently in Real Estate

How it makes money

Competes with

What it sells5

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Welltower Inc.

Welltower Inc.

Past performance

Keep exploring

The theme it is part of

Highest-graded in Reit Healthcare Facilities

Grade rose recently in Real Estate

Healthcare property

Growth & cash — 5 of 5

Business trend

Share price and grade over time