Is it safe?
Can WELL take a bad year?
Welltower carries $13.2B of net debt at 7.01× EBITDA: a heavy load to carry through a bad year.
$13.2B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.01×
Net debt / EBITDA · 5.24× a year ago · the load is going up
- Cash runway
- 0.7 years
Cash runway · burning $1.61B a quarter at the current rate
- Annualised volatility
- 23%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $17.9B
- Cash and short-term investments
- $4.70B
- Net debt
- $13.2B
- EBITDA, trailing twelve months
- $1.89B
- Operating profit, trailing twelve months
- −$333M
- Debt / equity
- 0.41×
- Total debt / EBITDA
- 9.50×
- Annualised volatilitytwo years of daily moves
- 23%
- Worst drawdown on file
- −63%
- Below its 52-week high
- −6.9%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT - Healthcare Facilities
Ranks #3 of 10 by Smart Score