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Welltower Inc. (NYSE:WELL), a real estate investment trust ( REIT ) and 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 predominantly consists of 2,500+ seniors and wellness housing communities that are positioned at the intersection of housing and hospital…
$197.36
$7.97 (-3.88%)
Price from 2 days ago
The business is unprofitable at the operating level (-4.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 35.9%, still solid. Margins contracted 10.8pp, which offsets some of the top-line progress.
At 98x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $16.35B represents 8.9x FCF, leverage limits flexibility.
98.2x earnings, 76.5x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$11.77B
▲ +35.9% YoY
Net Income (TTM)
$1.41B
▼ -1.6% YoY
Op. Margin
-2.78%
▼ -10.8pp YoY
ROIC
-0.44%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.87B
▲ +30.9% YoY
Op. Cash Flow (TTM)
$2.95B
▲ +27.7% YoY
Net Debt
$15.28B
Cash & Equiv.
$4.70B
5Y CAGR: +19.2%
5Y CAGR: +10.3%
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