HR vs PLD vs WELL Stock Comparison

Healthcare Realty Trust, Prologis and Welltower Prices as of Oct 29, 2026 Peers: Industry group
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PLD Prologis, Inc.
$127.97 -3.5% 1M +3.6% 1Y
Market cap
$121.64B
P/E
28.4x
Revenue (TTM)
$9.36B
Div. yield
3.30%
Industrial REITs Real Estate
6 wins
WELL Welltower Inc.
$233.13 +0.1% 1M +31.7% 1Y
Market cap
$171.03B
P/E
101.3x
Revenue (TTM)
$13.79B
Div. yield
1.32%
Healthcare REITs Real Estate
4 wins

Head to Head

12 decided of 12

Prologis leads on 6 of the 12 questions below (Prologis 6, Welltower 4, Healthcare Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHRPLDWELLLeader
Larger companyMarket capitalisation $6.18B $121.64B $171.03B WELL
Cheaper on earningsLower P/E, profitable companies only -137.7x 28.4x 101.3x PLD
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 35.9x 77.2x PLD
Faster revenue growthRevenue growth, trailing twelve months -5.8% +7.2% +39.2% WELL
More profitableNet margin, trailing twelve months -4.0% 45.4% 12.1% PLD
Better return on capitalReturn on invested capital — 5.0% -3.4% PLD
Less leveragedLower net debt / EBITDA — 4.3x 26.6x PLD
Higher dividend yieldTrailing dividend yield 5.28% 3.30% 1.32% HR
Better 1-year returnPrice return, last 12 months +2.4% +3.6% +31.7% WELL
Better 5-year returnAnnualised price return, 5 years -11.3%/yr -2.5%/yr +23.7%/yr WELL
Less volatileAnnualised volatility, 1 year 19.9% 20.5% 23.5% HR
Higher overall scoreMean of the five percentile scores vs peers 40/100 49/100 37/100 PLD

Percentile Scorecard

HRPLDWELL

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

AxisHRPLDWELL
Valuation 38 #91 of 145 10 #131 of 145 0 #145 of 145
Growth 51 #70 of 143 62 #55 of 143 80 #29 of 143
Profitability 35 #89 of 136 76 #34 of 136 21 #108 of 136
Financial Health 39 #84 of 138 87 #19 of 138 83 #24 of 138
Shareholder Returns 39 #81 of 131 12 #116 of 131 2 #129 of 131
Overall 40 49 37
  • HR ranked among 149 companies in Property REITs
  • PLD 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

PeriodHRPLDWELLSPY
1 month +1.3%-3.5%+0.1% +0.7%
3 months -15.6%-12.5%-1.0% +3.7%
6 months -2.8%-9.9%+7.3% +7.1%
Year to date +7.2%+0.2%+25.6% +12.8%
1 year +2.4%+3.6%+31.7% +11.9%
3 years +27.6%+29.4%+184.8% +85.2%
3 years, per year +8.5%+9.0%+41.8% +22.8%
5 years -45.0%-11.7%+190.0% +67.6%
5 years, per year -11.3%-2.5%+23.7% +10.9%
10 years -42.0%+150.6%+240.6% +262.0%
10 years, per year -5.3%+9.6%+13.0% +13.7%

Risk

MeasureHRPLDWELLSPY
Volatility, 1Y 19.9%20.5%23.5% 12.7%
Downside volatility, 1Y 19.3%20.6%25.4% 12.6%
Beta vs S&P 500, 1Y 0.100.38-0.09 1.00
Return / volatility, 1Y 0.120.181.35 0.94
Max drawdown, 5Y -61.1%-48.1%-41.6% -25.4%
From 52-week high -17.0%-14.6%-7.6% -1.2%
52-week high $21.89$149.92$252.22 $779.14
52-week low $16.34$122.40$176.96 $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.

MultipleHRPLDWELL
P/E now vs peer median -137.7xmedian 25.7x 28.4xmedian 25.7x 101.3xmedian 25.7x
P/S now vs peer median 5.4xmedian 4.1x 13.0xmedian 4.1x 12.4xmedian 4.1x
EV/EBITDA now vs peer median —median 14.3x 19.5xmedian 14.3x 364.2xmedian 14.3x
P/FCF now vs peer median 38.2xmedian 23.5x -166.1xmedian 23.5x -9.5xmedian 23.5x
P/B now vs peer median 1.5xmedian 1.3x 2.0xmedian 1.3x 3.4xmedian 1.3x
PEG now vs peer median -3.18median 1.86 2.45median 1.86 1.53median 1.86

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 monthsHRPLDWELL
Revenue $1.13B $9.36B $13.79B
Gross profit – – $5.41B
Operating income – $5.13B -$2.20B
Net income -$45.27M $4.53B $1.75B
Free cash flow $161.54M -$732.42M -$17.96B
EPS (diluted) $-0.13 $4.39 $2.21
Cash & equivalents $17.50M $2.27B $2.27B
Total debt $4.25B $36.83B $15.73B
Shares (diluted) 340.62M 968.51M 754.90M
Enterprise value $6.14B $120.02B $158.09B

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
MetricHRPLDWELL
P/E -137.7x 28.4x 101.3x
P/FCF 38.2x -166.1x -9.5x
P/Operating cash flow 13.7x 21.9x 51.3x
P/S 5.4x 13.0x 12.4x
P/B 1.5x 2.0x 3.4x
P/Tangible book 1.5x 2.0x 3.4x
EV/EBITDA – 19.5x 364.2x
EV/EBIT – 30.4x -83.8x
EV/Revenue 9.2x 16.7x 13.4x
EV/FCF 64.4x -213.3x -10.3x
EV/Operating cash flow 23.1x 28.1x 55.4x
PEG (3Y EPS CAGR) -3.18 2.45 1.53

Growth

14 metrics
MetricHRPLDWELL
Revenue growth (1Y) -5.8% 7.2% 39.2%
Revenue CAGR (3Y) -5.7% 5.9% 29.1%
Gross profit growth (1Y) – – 37.1%
Gross profit CAGR (3Y) – – 28.4%
Operating income growth (1Y) – 23.6% -344.7%
Operating income CAGR (3Y) – 11.7% -65.7%
Net income growth (1Y) 87.8% 32.3% 80.6%
Net income CAGR (3Y) 45.3% 12.3% 86.0%
EPS growth (1Y) 87.4% 31.3% 57.6%
EPS CAGR (3Y) 43.2% 11.6% 66.2%
Operating cash flow growth (1Y) -2.8% 7.0% 19.5%
Operating cash flow CAGR (3Y) -4.6% -0.2% 30.9%
Free cash flow growth (1Y) 28.9% -124.9% -282.6%
Free cash flow CAGR (3Y) -1.8% 32.0% -162.3%

Profitability

14 metrics
MetricHRPLDWELL
Gross margin – – 39.2%
EBITDA margin – 85.6% 3.7%
Operating margin – 54.8% -16.0%
Pretax margin – 52.0% -16.0%
Net margin -4.0% 45.4% 12.1%
FCF margin 14.2% -7.8% -130.2%
Operating cash flow margin 39.7% 59.3% 24.1%
Return on equity -1.1% 7.6% 3.6%
Return on assets -0.5% 4.4% 2.4%
Return on invested capital – 5.0% -3.4%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.2x
Cash conversion (OCF / net income) -9.9x 1.2x 1.9x
Stock comp / revenue 1.6% 2.2% 11.4%

Financial Health

11 metrics
MetricHRPLDWELL
Debt / assets 47.4% 35.5% 21.3%
Debt / equity 1.0x 0.6x 0.3x
Net debt / EBITDA – 4.3x 26.6x
Debt / FCF 26.3x -50.3x -0.9x
Liabilities / assets 53.9% 41.9% 32.7%
Equity / assets 46.1% 58.1% 67.3%
Interest coverage – 4.8x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHRPLDWELL
Dividend yield 5.3% 3.3% 1.3%
Net buyback yield 3.7% – -5.6%
Shareholder yield 9.0% 3.3% -4.3%
Payout ratio (earnings) -735.1% – –
Payout ratio (FCF) 206.0% – –
Dividend growth (1Y) -19.3% – –
Dividend CAGR (3Y) -11.0% – –

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.

ConsensusHRPLDWELL
Forward P/E – 35.9xFY2026 77.2xFY2026
EPS, next fiscal year $-0.11FY2026 $3.56FY2026 $3.02FY2026
EPS growth, next FY – 0.0%FY2026 +117.3%FY2026
EPS growth, the year after – +2.0% +14.2%
Revenue, next fiscal year $1.17BFY2026 $8.99BFY2026 $13.49BFY2026
Revenue growth, next FY -0.7%FY2026 +10.2%FY2026 +24.5%FY2026
Revenue growth, the year after -8.9% +1.3% +16.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHRPLDWELL
Held by institutions 100.0% 94.5% 98.3%
Institutions holding 459 1,725 1,586
Change in shares held, QoQ +0.8% +1.5% +5.6%
Institutions buying 226 969 879
Institutions selling 145 531 475
Buyers to sellers 1.56 1.82 1.85

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.

HRPLDWELL
HR 1.00 0.52 0.51
PLD 0.52 1.00 0.43
WELL 0.51 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HR, PLD and WELL?

Welltower (WELL) is the largest by market capitalisation: Healthcare Realty Trust (HR) $6.18B, Prologis (PLD) $121.64B, Welltower (WELL) $171.03B.

Which stock is cheaper, HR, PLD and WELL?

Prologis (PLD) trades on the lowest price-to-earnings ratio (Healthcare Realty Trust (HR) -137.7x, Prologis (PLD) 28.4x, Welltower (WELL) 101.3x). On next year's consensus earnings, Prologis (PLD) is cheapest (Prologis (PLD) 35.9x, Welltower (WELL) 77.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Welltower (WELL) grew revenue fastest over the trailing twelve months: Healthcare Realty Trust (HR) -5.8%, Prologis (PLD) +7.2%, Welltower (WELL) +39.2%.

Which company is more profitable?

Prologis (PLD) has the highest net margin (Healthcare Realty Trust (HR) -4.0%, Prologis (PLD) 45.4%, Welltower (WELL) 12.1%). On return on invested capital, Prologis (PLD) leads (Prologis (PLD) 5.0%, Welltower (WELL) -3.4%).

Which stock has performed better?

Over the past year Welltower (WELL) returned the most: Healthcare Realty Trust (HR) +2.4%, Prologis (PLD) +3.6%, Welltower (WELL) +31.7%. Over five years, Welltower (WELL) compounded fastest (Healthcare Realty Trust (HR) -11.3%/yr, Prologis (PLD) -2.5%/yr, Welltower (WELL) +23.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Healthcare Realty Trust (HR) has the highest dividend yield: Healthcare Realty Trust (HR) 5.28%, Prologis (PLD) 3.30%, Welltower (WELL) 1.32%.

Which stock is riskier?

By one-year price volatility, Healthcare Realty Trust (HR) has been the steadiest (Healthcare Realty Trust (HR) 19.9%, Prologis (PLD) 20.5%, Welltower (WELL) 23.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HR, PLD 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, Prologis (PLD) leads on 6. 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.