WELL vs AHR vs LTC Stock Comparison

Welltower, American Healthcare REIT and Ltc Properties Prices as of Oct 23, 2026 Peers: Industry group
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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
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

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.

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

Percentile Scorecard

WELLAHRLTC

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

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

Price Performance

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

Returns

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

Risk

MeasureWELLAHRLTCSPY
Volatility, 1Y 22.8%26.1%20.7% 12.7%
Downside volatility, 1Y 23.8%26.7%21.5% 12.7%
Beta vs S&P 500, 1Y -0.05-0.01-0.27 1.00
Return / volatility, 1Y 1.530.841.17 1.03
Max drawdown, 5Y -41.6%-14.5%-32.9% -25.4%
From 52-week high -5.9%-8.2%0.0% -2.5%
52-week high $252.22$57.74$43.76 $779.14
52-week low $176.06$43.50$34.04 $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.

MultipleWELLAHRLTC
P/E now vs peer median 108.7xmedian 27.0x 84.4xmedian 27.0x 16.8xmedian 27.0x
P/S now vs peer median 13.4xmedian 4.1x 4.1xmedian 4.1x 6.8xmedian 4.1x
EV/EBITDA now vs peer median -33.3xmedian 14.5x -7.5xmedian 14.5x 22.2xmedian 14.5x
P/FCF now vs peer median -10.9xmedian 23.7x -16.8xmedian 23.7x -6.1xmedian 23.7x
P/B now vs peer median 3.6xmedian 1.3x 2.8xmedian 1.3x 1.8xmedian 1.3x
PEG now vs peer median 1.01median 2.07 2.47median 2.07 1.12median 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 monthsWELLAHRLTC
Revenue $12.76B $2.50B $347.85M
Gross profit $5.05B $530.21M –
Operating income -$8.03B -$1.81B –
Net income $1.62B $122.57M $140.88M
Free cash flow -$15.64B -$613.49M -$389.60M
EPS (diluted) $2.10 $0.63 $2.58
Cash & equivalents $1.97B $191.62M $40.44M
Total debt $65.46B $5.97B $3.43B
Shares (diluted) 737.96M 193.35M 52.20M
Enterprise value $151.92B $9.63B $2.19B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricWELLAHRLTC
Dividend yield 1.3% 1.9% 5.2%
Net buyback yield -5.5% -13.0% -12.1%
Shareholder yield -4.2% -11.1% -6.9%
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.

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

Institutional Ownership

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

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.

WELLAHRLTC
WELL 1.00 0.74 0.66
AHR 0.74 1.00 0.64
LTC 0.66 0.64 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WELL, AHR and LTC?

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

Which stock is cheaper, WELL, AHR and LTC?

Ltc Properties (LTC) trades on the lowest price-to-earnings ratio (Welltower (WELL) 109.9x, American Healthcare REIT (AHR) 85.2x, Ltc Properties (LTC) 16.9x). On next year's consensus earnings, Ltc Properties (LTC) is cheapest (Welltower (WELL) 78.3x, American Healthcare REIT (AHR) 86.9x, Ltc Properties (LTC) 18.2x). 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: Welltower (WELL) +37.6%, American Healthcare REIT (AHR) +16.4%, Ltc Properties (LTC) +59.8%.

Which company is more profitable?

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

Which stock has performed better?

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

Which pays a higher dividend?

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

Which stock is riskier?

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

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

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.