What is Welltower Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Welltower Inc.'s reported free cash flow gives $65.68 per share. The share price was $247.66 on November 10, 2026, 277% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $30.74 | -88% |
| Base | 15.0% | 9.0% | $65.68 | -73% |
| Bull | 20.0% | 8.0% | $130.74 | -47% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $92.13 | $100.38 | $110.46 | $123.07 | $139.27 |
| 8.0% | $72.26 | $77.61 | $83.93 | $91.52 | $100.79 |
| 9.0% | $57.80 | $61.46 | $65.68 | $70.60 | $76.42 |
| 10.0% | $46.84 | $49.44 | $52.38 | $55.75 | $59.64 |
| 11.0% | $38.26 | $40.16 | $42.30 | $44.69 | $47.41 |
Where the presets come from
Base: years 1 to 5 grow at Welltower Inc.'s revenue growth rate over the last 5 fiscal years (18.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions