AHR vs LTC vs WELL Stock Comparison

American Healthcare REIT, Ltc Properties and Welltower Prices as of Oct 23, 2026 Peers: Industry group
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LTC Ltc Properties Inc
$43.76 +2.9% 1M +24.3% 1Y
Market cap
$2.28B
P/E
16.9x
Revenue (TTM)
$347.85M
Div. yield
–
Healthcare REITs Real Estate
7 wins
WELL Welltower Inc.
$237.40 +3.3% 1M +34.8% 1Y
Market cap
$170.43B
P/E
109.9x
Revenue (TTM)
$12.76B
Div. yield
–
Healthcare REITs Real Estate
4 wins

Head to Head

11 decided of 12

Ltc Properties leads on 7 of the 12 questions below (Ltc Properties 7, Welltower 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAHRLTCWELLLeader
Larger companyMarket capitalisation $10.31B $2.28B $170.43B WELL
Cheaper on earningsLower P/E, profitable companies only 85.2x 16.9x 109.9x LTC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 86.9x 18.2x 78.3x LTC
Faster revenue growthRevenue growth, trailing twelve months +16.4% +59.8% +37.6% LTC
More profitableNet margin, trailing twelve months 4.8% 38.7% 12.1% LTC
Better return on capitalReturn on invested capital -35.5% 4.4% -12.6% LTC
Less leveragedLower net debt / EBITDA -0.8x 5.3x -2.2x WELL
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +21.8% +24.3% +34.8% WELL
Better 5-year returnAnnualised price return, 5 years — +5.4%/yr +24.0%/yr WELL
Less volatileAnnualised volatility, 1 year 26.1% 20.7% 22.8% LTC
Higher overall scoreMean of the five percentile scores vs peers 44/100 46/100 38/100 LTC

Percentile Scorecard

AHRLTCWELL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAHRLTCWELL
Valuation 4 #139 of 145 16 #122 of 145 0 #145 of 145
Growth 87 #20 of 144 73 #40 of 144 78 #33 of 144
Profitability 32 #96 of 140 53 #66 of 140 18 #115 of 140
Financial Health 75 #37 of 146 80 #30 of 146 97 #6 of 146
Shareholder Returns 23 #102 of 132 7 #123 of 132 0 #132 of 132
Overall 44 46 38
  • AHR ranked among 149 companies in Property REITs
  • LTC ranked among 149 companies in Property REITs
  • WELL ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAHRLTCWELLSPY
1 month +2.5%+2.9%+3.3% -1.0%
3 months -7.8%+3.7%-5.9% +2.9%
6 months +5.8%+14.4%+13.7% +6.4%
Year to date +12.6%+27.3%+27.9% +11.4%
1 year +21.8%+24.3%+34.8% +13.1%
3 years —+39.0%+181.6% +79.4%
3 years, per year —+11.6%+41.3% +21.5%
5 years —+30.1%+192.9% +67.7%
5 years, per year —+5.4%+24.0% +10.9%
10 years —-13.6%+236.7% +255.2%
10 years, per year —-1.5%+12.9% +13.5%

Risk

MeasureAHRLTCWELLSPY
Volatility, 1Y 26.1%20.7%22.8% 12.7%
Downside volatility, 1Y 26.7%21.5%23.8% 12.7%
Beta vs S&P 500, 1Y -0.01-0.27-0.05 1.00
Return / volatility, 1Y 0.841.171.53 1.03
Max drawdown, 5Y -14.5%-32.9%-41.6% -25.4%
From 52-week high -8.2%0.0%-5.9% -2.5%
52-week high $57.74$43.76$252.22 $779.14
52-week low $43.50$34.04$176.06 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAHRLTCWELL
P/E now vs peer median 84.4xmedian 27.0x 16.8xmedian 27.0x 108.7xmedian 27.0x
P/S now vs peer median 4.1xmedian 4.1x 6.8xmedian 4.1x 13.4xmedian 4.1x
EV/EBITDA now vs peer median -7.5xmedian 14.5x 22.2xmedian 14.5x -33.3xmedian 14.5x
P/FCF now vs peer median -16.8xmedian 23.7x -6.1xmedian 23.7x -10.9xmedian 23.7x
P/B now vs peer median 2.8xmedian 1.3x 1.8xmedian 1.3x 3.6xmedian 1.3x
PEG now vs peer median 2.47median 2.07 1.12median 2.07 1.01median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAHRLTCWELL
Revenue $2.50B $347.85M $12.76B
Gross profit $530.21M – $5.05B
Operating income -$1.81B – -$8.03B
Net income $122.57M $140.88M $1.62B
Free cash flow -$613.49M -$389.60M -$15.64B
EPS (diluted) $0.63 $2.58 $2.10
Cash & equivalents $191.62M $40.44M $1.97B
Total debt $5.97B $3.43B $65.46B
Shares (diluted) 193.35M 52.20M 737.96M
Enterprise value $9.63B $2.19B $151.92B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAHRLTCWELL
P/E 84.4x 16.8x 108.7x
P/FCF -16.8x -6.1x -10.9x
P/Operating cash flow 28.5x 16.7x 53.7x
P/S 4.1x 6.8x 13.4x
P/B 2.8x 1.8x 3.6x
P/Tangible book 2.9x 1.8x 3.6x
EV/EBITDA -7.5x 22.2x -33.3x
EV/EBIT -6.4x 33.2x -22.8x
EV/Revenue 4.6x 8.9x 14.4x
EV/FCF -18.8x -7.9x -11.7x
EV/Operating cash flow 31.9x 21.9x 57.6x
PEG (3Y EPS CAGR) 2.47 1.12 1.01

Growth

14 metrics
MetricAHRLTCWELL
Revenue growth (1Y) 16.4% 59.8% 37.6%
Revenue CAGR (3Y) 15.4% 22.5% 27.1%
Gross profit growth (1Y) 19.6% – 37.2%
Gross profit CAGR (3Y) 41.1% – 27.2%
Operating income growth (1Y) -17.0% – -66.9%
Operating income CAGR (3Y) -5.6% – -31.1%
Net income growth (1Y) 479.7% 57.9% 41.4%
Net income CAGR (3Y) 47.6% 25.2% 129.2%
EPS growth (1Y) 407.6% 44.0% 24.3%
EPS CAGR (3Y) 34.2% 15.0% 107.4%
Operating cash flow growth (1Y) 42.1% 11.0% 21.9%
Operating cash flow CAGR (3Y) 38.8% 10.9% 31.5%
Free cash flow growth (1Y) -1,653% -429.9% -220.4%
Free cash flow CAGR (3Y) -157.7% -113.4% -138.2%

Profitability

14 metrics
MetricAHRLTCWELL
Gross margin 21.2% – 39.5%
EBITDA margin -61.2% 40.0% -43.2%
Operating margin -72.4% – -62.9%
Pretax margin 3.9% 15.4% -17.6%
Net margin 4.8% 38.7% 12.1%
FCF margin -24.5% -112.0% -122.6%
Operating cash flow margin 14.5% 40.7% 25.0%
Return on equity 3.4% 11.2% 3.5%
Return on assets 2.2% 6.6% 2.4%
Return on invested capital -35.5% 4.4% -12.6%
Return on capital employed – – –
Asset turnover 0.4x 0.2x 0.2x
Cash conversion (OCF / net income) 3.0x 1.0x 2.0x
Stock comp / revenue 0.8% 2.5% 12.2%

Financial Health

11 metrics
MetricAHRLTCWELL
Debt / assets 25.0% 35.7% 20.5%
Debt / equity 0.4x 0.6x 0.3x
Net debt / EBITDA -0.8x 5.3x -2.2x
Debt / FCF -2.3x -2.0x -0.9x
Liabilities / assets 34.4% 38.4% 32.1%
Equity / assets 65.6% 61.6% 67.9%
Interest coverage -23.3x 2.3x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAHRLTCWELL
Dividend yield 1.9% 5.2% 1.3%
Net buyback yield -13.0% -12.1% -5.5%
Shareholder yield -11.1% -6.9% -4.2%
Payout ratio (earnings) 145.7% – –
Payout ratio (FCF) -29.1% – –
Dividend growth (1Y) 18.4% – –
Dividend CAGR (3Y) 40.8% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAHRLTCWELL
Forward P/E 86.9xFY2026 18.2xFY2026 78.3xFY2026
EPS, next fiscal year $0.61FY2026 $2.41FY2026 $3.03FY2026
EPS growth, next FY +45.2%FY2026 -4.4%FY2026 +118.0%FY2026
EPS growth, the year after +31.1% -26.6% +14.2%
Revenue, next fiscal year $2.64BFY2026 $352.46MFY2026 $13.51BFY2026
Revenue growth, next FY +16.7%FY2026 +84.8%FY2026 +24.6%FY2026
Revenue growth, the year after +27.1% +5.5% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAHRLTCWELL
Held by institutions 100.0% 79.5% 98.3%
Institutions holding 570 289 1,584
Change in shares held, QoQ +19.9% +11.0% +5.6%
Institutions buying 335 176 879
Institutions selling 163 68 473
Buyers to sellers 2.06 2.59 1.86

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AHRLTCWELL
AHR 1.00 0.64 0.74
LTC 0.64 1.00 0.66
WELL 0.74 0.66 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AHR, LTC and WELL?

Welltower (WELL) is the largest by market capitalisation: American Healthcare REIT (AHR) $10.31B, Ltc Properties (LTC) $2.28B, Welltower (WELL) $170.43B.

Which stock is cheaper, AHR, LTC and WELL?

Ltc Properties (LTC) trades on the lowest price-to-earnings ratio (American Healthcare REIT (AHR) 85.2x, Ltc Properties (LTC) 16.9x, Welltower (WELL) 109.9x). On next year's consensus earnings, Ltc Properties (LTC) is cheapest (American Healthcare REIT (AHR) 86.9x, Ltc Properties (LTC) 18.2x, Welltower (WELL) 78.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ltc Properties (LTC) grew revenue fastest over the trailing twelve months: American Healthcare REIT (AHR) +16.4%, Ltc Properties (LTC) +59.8%, Welltower (WELL) +37.6%.

Which company is more profitable?

Ltc Properties (LTC) has the highest net margin (American Healthcare REIT (AHR) 4.8%, Ltc Properties (LTC) 38.7%, Welltower (WELL) 12.1%). On return on invested capital, Ltc Properties (LTC) leads (American Healthcare REIT (AHR) -35.5%, Ltc Properties (LTC) 4.4%, Welltower (WELL) -12.6%).

Which stock has performed better?

Over the past year Welltower (WELL) returned the most: American Healthcare REIT (AHR) +21.8%, Ltc Properties (LTC) +24.3%, Welltower (WELL) +34.8%. Over five years, Welltower (WELL) compounded fastest (Ltc Properties (LTC) +5.4%/yr, Welltower (WELL) +24.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: American Healthcare REIT (AHR) 0.02%, Ltc Properties (LTC) 0.00%, Welltower (WELL) 0.00%. Ltc Properties (LTC) and Welltower (WELL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ltc Properties (LTC) has been the steadiest (American Healthcare REIT (AHR) 26.1%, Ltc Properties (LTC) 20.7%, Welltower (WELL) 22.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AHR, LTC and WELL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ltc Properties (LTC) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.