American Tower vs Welltower (AMT vs WELL)
American Tower (AMT) vs Welltower (WELL) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
American Tower (AMT) and Welltower (WELL) compete in real estate. Here are American Tower and Welltower side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy American Tower or Welltower.
American Tower vs Welltower: the figures
| Figure | American Tower | Welltower |
|---|---|---|
| Share price | $194.86 (November 4, 2026) | $247.99 (November 4, 2026) |
| Market cap | $90.4 billion | $181.9 billion |
| P/E (TTM) | 27.4x | 105.1x |
| Forward P/E | 27.8x | 77.5x |
| Revenue growth (quarter) | +2.5% | +38.4% |
| Net margin (TTM) | 30.1% | 12.1% |
| Net debt / EBITDA | 6.1x | 5.1x |
| Dividend yield | 3.82% | 1.41% |
| Beta | 0.84 | 0.79 |
American Tower and Welltower figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that American Tower or Welltower figure is not available, and we never estimate it.
3 key differences between American Tower and Welltower
- Valuation: Welltower trades at 105.1x its annual earnings and American Tower at 27.4x; the market pays more for each dollar of Welltower profit, usually because it expects more growth.
- Growth: Welltower grew sales +38.4% year on year in its latest quarter, against +2.5% for American Tower.
- Profitability: for every 100 of sales, American Tower keeps 30.1 as net profit and Welltower keeps 12.1.
American Tower or Welltower: which fits your profile
- If you want growth: Welltower is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): American Tower pays the higher dividend relative to its price.
- If you prefer caution: Welltower has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: American Tower trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither American Tower nor Welltower wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How American Tower and Welltower make money
American Tower (AMT)
American Tower is a REIT that leases space on its cell towers to wireless carriers. It reports property segments by region, with U.S. and Canada the largest, followed by Latin America, Europe, and Africa and Asia-Pacific, plus a data center segment built around CoreSite and a small services business. Full American Tower analysis.
Welltower (WELL)
Welltower is a health care REIT with properties in the United States, the United Kingdom and Canada. Its biggest segment is Seniors Housing Operating, senior living communities where it shares in operating results with the manager, and it also leases senior housing and medical properties to operators for fixed rent. Full Welltower analysis.
Frequently asked questions: American Tower vs Welltower
Is American Tower or Welltower the better stock?
Choosing between American Tower and Welltower depends on what you are looking for. Welltower is growing faster right now, and American Tower trades on the lower P/E. Fintols does not tell you whether to buy American Tower or Welltower: it shows you the differences so you can decide.
Which pays a higher dividend, American Tower or Welltower?
As of November 4, 2026, American Tower yields 3.82% and Welltower yields 1.41%. Also check how much of their profit American Tower and Welltower pay out: if it is more than they earn, it cannot last.
Which is more expensive, American Tower or Welltower?
On P/E, Welltower (105.1x) is more expensive than American Tower (27.4x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both American Tower and Welltower?
Yes. Many people spread their money across several companies, such as American Tower and Welltower, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying American Tower or Welltower.
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More companies like American Tower and Welltower: real estate stocks. Educational content about American Tower and Welltower, not investment advice.