American Healthcare REIT, Inc. (AHR) vs Welltower Inc. (WELL)

American Healthcare REIT, Inc. and Welltower Inc. are both Reit Healthcare Facilities companies. Welltower Inc. is the larger, with a market value of $160.8B against $11.1B — 14.5× the size. American Healthcare REIT, Inc. trades at the lower P/E: 74.7× against 102×. Welltower Inc. grew revenue faster over the last twelve months: 37.6% against 16.4%. Welltower Inc. has the higher net margin (12.2% vs 4.84%) and the lower return on invested capital (0.54% vs 2.01%). Both pay a dividend; American Healthcare REIT, Inc. yields more (1.97% vs 1.36%). Across the 23 metrics below, American Healthcare REIT, Inc. leads on 13 and Welltower Inc. on 10.

Valuation

Metric AHR WELL Reit Healthcare Facilities median
P/E 74.71 101.50 22.66
P/S 3.91 12.59 5.18
P/B 2.62 3.39 1.80
Price to free cash flow 45.19 17.36 17.10
EV/EBITDA 25.08 57.76 15.38
EV/Sales 4.41 13.81 8.25
Earnings yield 1.34% 0.99% 2.78%
Free cash flow yield 2.21% 5.76% 3.52%

Profitability

Metric AHR WELL Reit Healthcare Facilities median
Gross margin 19.19% 39.56% 92.10%
Operating margin 6.40% 4.24% 21.06%
Net margin 4.84% 12.15% 10.19%
Free cash flow margin 8.66% 72.52% 7.91%
Return on equity 3.90% 3.71% 4.06%
Return on assets 2.37% 2.47% 2.10%
Return on invested capital 2.01% 0.54% 1.96%

Growth

Metric AHR WELL Reit Healthcare Facilities median
Revenue growth (TTM) 16.39% 37.57% 15.71%
EPS growth (last fiscal year) 244.83% (11.46%) 23.38%
Revenue growth, 5-year CAGR 12.68% 18.67% 9.60%
Net income growth, 5-year CAGR 100.34% (0.87%) 0.00%

Health

Metric AHR WELL Reit Healthcare Facilities median
Debt to equity 0.39 0.37 0.84
Current ratio 0.48 3.16 3.05
Net debt to EBITDA 3.60 5.68 5.50

Dividend

Metric AHR WELL Reit Healthcare Facilities median
Dividend yield 1.97% 1.36% 5.71%
Payout ratio 1.47 1.41 1.41

Size

Metric AHR WELL Reit Healthcare Facilities median
Market cap 11.07b 160.75b 3.99b

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