REALTY INCOME CORP vs WELLTOWER INC., two REIT stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Welltower is the sector's $165B healthcare heavyweight, priced for senior-housing growth at 113 times earnings; Realty Income is the $59B income staple, priced for its 5.10% monthly dividend. The yield gap is the headline: Realty Income pays 5.10% and yields 6.92% in free cash, Welltower 1.24% and 1.79%. Both P/Es are depreciation-distorted and better replaced by funds from operations. Welltower trades at 3.69 times book on its growth franchise, Realty Income at 1.43 close to asset value. Welltower runs 0.40 turns of debt, Realty Income almost none. This is growth against income in its purest REIT form: Welltower bets on demographics filling its communities and reinvests, Realty Income bets on nothing more exciting than tenants paying rent, and returns most of that rent to you each month.
Comparison updated 2026-07-11.
| Metric | O | WELL |
|---|---|---|
| Price | $63.09 | $227.28 |
| Market cap | $59.0B | $165.1B |
| Sector | REIT | REIT |
| Stage | Mature | Growth |
| P/E | 51.7 | 113.1 |
| P/B | 1.43 | 3.69 |
| P/S | 9.96 | 14.03 |
| EV/EBITDA | 23.2 | 80.3 |
| Revenue growth | +9.8% | +37.5% |
| Net margin | 19.1% | 12.4% |
| Return on equity | 2.7% | 3.3% |
| Return on assets | 1.5% | 2.2% |
| FCF yield | 6.9% | 1.8% |
| Dividend yield | 5.1% | 1.2% |
| Debt / equity | 0.01 | 0.40 |
| Altman Z (solvency) | 1.14 | 4.86 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.