American Tower (AMT) vs. Welltower (WELL)
This page compares American Tower (AMT) with Welltower (WELL) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
American Tower (AMT) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AMT is classified in Specialized REITs while WELL is classified in Health Care REITs.
Both American Tower (AMT, REIT) and Welltower (WELL, REIT) are distribution-oriented income vehicles — payout ratios and P/E should be read alongside FFO, distributable cash flow, or issuer-specific cash-flow measures.
| Symbol | AMT | WELL |
|---|---|---|
| Company Name | American Tower Corporation | Welltower Inc. |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Specialized REITs | Health Care REITs |
| GICS Sub-Industry | Telecom Tower REITs | Health Care REITs |
| Market Capitalization | 85.62 billion USD | 152.48 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 27, 1998 | March 19, 1980 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| 5-Day Price Return | 7.71% | 1.06% |
| 13-Week Price Return | -0.55% | 3.85% |
| 26-Week Price Return | 1.46% | 13.05% |
| 52-Week Price Return | -14.01% | 45.66% |
| Month-to-Date Return | 0.59% | -0.61% |
| Year-to-Date Return | 4.68% | 16.38% |
| 10-Day Avg. Volume | 3.38M | 3.75M |
| 3-Month Avg. Volume | 3.23M | 3.18M |
| 3-Month Volatility | 27.45% | 22.44% |
| Beta | 0.90 | 0.82 |
Profitability
Return on Equity (TTM)
American Tower (AMT) posts Return on Equity (TTM) of 78.17%, above its industry benchmark range, while Welltower (WELL) at 3.51% sits closer to the industry mid-range.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
78.17%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.51%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
Net Profit Margin (TTM)
Net Profit Margin (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
26.81%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
11.96%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
Operating Profit Margin (TTM)
Operating Profit Margin (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
44.65%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.33%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
Profitability at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| Return on Equity (TTM) | 78.17% | 3.51% |
| Return on Assets (TTM) | 4.57% | 2.25% |
| Net Profit Margin (TTM) | 26.81% | 11.96% |
| Operating Profit Margin (TTM) | 44.65% | 3.33% |
| Gross Profit Margin (TTM) | 73.96% | 40.57% |
Financial Strength
Current Ratio (MRQ)
Welltower (WELL) at 1.67 carries Current Ratio (MRQ) above its industry mid-range, while American Tower (AMT) at 0.30 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
0.30
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.67
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
Debt-to-Equity Ratio (MRQ)
Welltower (WELL) at 0.41 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile, while American Tower (AMT) at 10.59 sits above its industry benchmark range.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
10.59
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
WELL
Equity Real Estate Investment Trusts (REITs) industry group
0.41
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
Interest Coverage Ratio (TTM)
Welltower (WELL) reports a problematic Interest Coverage Ratio (TTM) of 0.29; operating income or EBIT does not fully cover interest expense, so the ratio points to interest-payment strain. Meanwhile American Tower (AMT) reports 2.50, ranking against industry peers normally.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
2.50
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
WELL
Equity Real Estate Investment Trusts (REITs) industry group
0.29
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
Financial Strength at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| Current Ratio (MRQ) | 0.30 | 1.67 |
| Quick Ratio (MRQ) | 0.27 | 1.67 |
| Debt-to-Equity Ratio (MRQ) | 10.59 | 0.41 |
| Interest Coverage Ratio (TTM) | 2.50 | 0.29 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 6.82% | 38.33% |
| Revenue Growth (TTM vs Prior YoY) | 6.31% | 37.55% |
| 3-Year Revenue CAGR | 3.34% | 22.74% |
| 5-Year Revenue CAGR | 5.77% | 18.67% |
EPS Growth
EPS Growth at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 76.50% | 154.26% |
| EPS Growth (TTM vs Prior YoY) | 58.98% | 15.68% |
| 3-Year EPS CAGR | 12.24% | 66.74% |
| 5-Year EPS CAGR | 7.32% | -9.79% |
Dividend
Dividend Yield (TTM)
American Tower (AMT) at 3.72% reports Dividend Yield (TTM) around its industry mid-range, while Welltower (WELL) at 1.29% drops into the bottom quartile.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
3.72%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.29%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
Dividend Payout Ratio (TTM)
Dividend Payout Ratio (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
110.17%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
139.68%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
Dividend at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| Dividend Yield (TTM) | 3.72% | 1.29% |
| Dividend Payout Ratio (TTM) | 110.17% | 139.68% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
29.61
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
WELL
Equity Real Estate Investment Trusts (REITs) industry group
108.03
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
Price-to-Sales Ratio (TTM)
American Tower (AMT) at 7.94 carries typical industry Price-to-Sales Ratio (TTM), while Welltower (WELL) at 12.92 sits in the higher-multiple quartile — WELL carries a higher trailing revenue multiple relative to peers.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
7.94
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
WELL
Equity Real Estate Investment Trusts (REITs) industry group
12.92
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
Price-to-Book Ratio (MRQ)
Welltower (WELL) at 3.18 sits in the higher-multiple quartile for Price-to-Book Ratio (MRQ), but American Tower (AMT) at 22.85 is higher still, above its industry benchmark range — both carry elevated book-value multiples relative to peers, with AMT higher.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
22.85
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.18
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
Valuation at a Glance
| Symbol | AMT | WELL |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 29.61 | 108.03 |
| Price-to-Sales Ratio (TTM) | 7.94 | 12.92 |
| Price-to-Book Ratio (MRQ) | 22.85 | 3.18 |
| Price-to-Free Cash Flow Ratio (TTM) | 22.78 | 104.39 |