American Tower (REIT) (AMT) vs Welltower (WELL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Welltower (WELL) has outperformed American Tower (REIT) (AMT) over the past year, gaining 27.8% versus a loss of 11.1%. Over five years, WELL leads with a +162.9% price change compared with -38.3% for AMT. Welltower is the larger company by market cap ($159.33 billion vs $77.43 billion), about 2.1 times the size.
On valuation, American Tower (REIT) trades at a lower forward P/E (23.7x vs 69.5x for Welltower). American Tower (REIT) offers the higher dividend yield (4.20% vs 1.39%). American Tower (REIT) converts more of its revenue into profit, with a net margin of 24.7% versus 8.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMT | WELL |
|---|---|---|
| Share price | $166.18 | $221.12 |
| Market cap | $77.43B | $159.33B |
| 1-day change | +0.85% | -2.06% |
| YTD return | -5.35% | +19.13% |
| 1-year return | -11.12% | +27.82% |
| 5-year return | -38.30% | +162.89% |
| P/E ratio (TTM) | 22.86 | 99.16 |
| Forward P/E | 23.71 | 69.53 |
| EPS (TTM) | $7.27 | $2.23 |
| Dividend yield | 4.20% | 1.39% |
| Annual dividend | $6.98 | $3.07 |
| Revenue (latest FY) | $10.64B | $10.84B |
| Revenue growth (YoY) | +5.11% | +35.63% |
| Net income (latest FY) | $2.63B | $961.84M |
| Gross margin | — | 40.14% |
| Operating margin | 45.52% | — |
| Net margin | 24.69% | 8.87% |
| 52-week high | $196.08 | $255.20 |
| 52-week low | $160.06 | $163.75 |
| Distance from 52-week high | -15.25% | -13.35% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.82% | +18.51% |
| Average volume | 2.62M | 2.78M |
| Shares outstanding | 465.96M | 720.57M |
| Employees | 4,866 | 712 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Welltower is about 2.1 times larger than American Tower (REIT) by market value ($159.33B vs $77.43B).
- WELL has outperformed AMT by 38.9 percentage points over the past year.
- Welltower trades at a higher earnings multiple (99.2x vs 22.9x trailing P/E).
- American Tower (REIT) offers a meaningfully higher dividend yield (4.20% vs 1.39%).
- American Tower (REIT) is more profitable, keeping 24.7 cents of every revenue dollar as net income versus 8.9 cents for Welltower.
- Welltower grew revenue faster in its latest fiscal year (+35.63% vs +5.11%).
About American Tower (REIT)
AMT stock →American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
Real Estate · Real Estate Investment Trusts · 4,866 employees
About Welltower
WELL stock →Welltower Inc., an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. Their portfolio of 2,500+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults.
Real Estate · Real Estate Investment Trusts · 712 employees
AMT vs WELL FAQ
Which is bigger, American Tower (REIT) or Welltower?
Welltower (WELL) is larger, with a market capitalization of $159.33B compared with $77.43B for American Tower (REIT) (AMT).
Which stock has performed better over the past year, AMT or WELL?
WELL returned +27.82% over the past 12 months, compared with -11.12% for AMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMT or WELL?
AMT has the lower trailing P/E at 22.9, versus 99.2 for WELL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Tower (REIT) or Welltower?
American Tower (REIT) has the higher yield at 4.20%, compared with 1.39% for Welltower.
Are American Tower (REIT) and Welltower in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.