Realty Income (O) 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 Realty Income (O) over the past year, gaining 27.8% versus a loss of 10.5%. Over five years, WELL leads with a +162.9% price change compared with -21.0% for O. Welltower is the larger company by market cap ($159.33 billion vs $50.48 billion), about 3.2 times the size.
On valuation, Realty Income trades at a lower forward P/E (34.4x vs 69.5x for Welltower). Realty Income offers the higher dividend yield (6.06% vs 1.39%). Realty Income converts more of its revenue into profit, with a net margin of 18.4% 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 | O | WELL |
|---|---|---|
| Share price | $53.35 | $221.12 |
| Market cap | $50.48B | $159.33B |
| 1-day change | -1.66% | -2.06% |
| YTD return | -5.36% | +19.13% |
| 1-year return | -10.53% | +27.82% |
| 5-year return | -20.96% | +162.89% |
| P/E ratio (TTM) | 38.66 | 99.16 |
| Forward P/E | 34.35 | 69.53 |
| EPS (TTM) | $1.38 | $2.23 |
| Dividend yield | 6.06% | 1.39% |
| Annual dividend | $3.24 | $3.07 |
| Revenue (latest FY) | $5.75B | $10.84B |
| Revenue growth (YoY) | +9.07% | +35.63% |
| Net income (latest FY) | $1.06B | $961.84M |
| Gross margin | — | 40.14% |
| Net margin | 18.41% | 8.87% |
| 52-week high | $67.94 | $255.20 |
| 52-week low | $53.32 | $163.75 |
| Distance from 52-week high | -21.47% | -13.35% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +24.44% | +18.51% |
| Average volume | 6.48M | 2.78M |
| Shares outstanding | 946.22M | 720.57M |
| Employees | 544 | 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 3.2 times larger than Realty Income by market value ($159.33B vs $50.48B).
- WELL has outperformed O by 38.3 percentage points over the past year.
- Welltower trades at a higher earnings multiple (99.2x vs 38.7x trailing P/E).
- Realty Income offers a meaningfully higher dividend yield (6.06% vs 1.39%).
- Realty Income is more profitable, keeping 18.4 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 +9.07%).
About Realty Income
O stock →Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider.
Real Estate · Real Estate Investment Trusts · 544 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
O vs WELL FAQ
Which is bigger, Realty Income or Welltower?
Welltower (WELL) is larger, with a market capitalization of $159.33B compared with $50.48B for Realty Income (O).
Which stock has performed better over the past year, O or WELL?
WELL returned +27.82% over the past 12 months, compared with -10.53% for O (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, O or WELL?
O has the lower trailing P/E at 38.7, 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, Realty Income or Welltower?
Realty Income has the higher yield at 6.06%, compared with 1.39% for Welltower.
Are Realty Income and Welltower in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.