Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Welltower Inc. (WELL) Halal?

PASS

Welltower Inc. · NYSE: WELL · Real Estate

The short answer

Yes - Welltower Inc. (WELL) passes this Shariah stock screen at all three gates. Welltower, the Toledo-based healthcare REIT, earns its revenue from seniors housing (78% of FY2025 revenue), outpatient medical, and rental income across 2,500+ communities (FY2025 revenue $10,838.0M) - none of which involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity. The financial ratios pass: interest-bearing debt of $19,197M is about 11.3% of its ~$169.62B market cap ($226.94/share, October 2, 2026), below the ~33% ceiling, and interest income of $246.2M is about 2.27% of revenue, below the 5% ceiling. Zoya rates Welltower Shariah-compliant and Musaffa classifies it halal. Note: this is a different company from TSX WELL Health. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Welltower Inc. (NYSE: WELL), headquartered at 4500 Dorr Street, Toledo, Ohio, is a real estate investment trust (REIT) and an S&P 500 company, structured as an umbrella partnership REIT (UPREIT) through Welltower OP LLC. Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 12, 2026; accession 0000766704-26-000010; Item 1 Business), it is 'positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada' - over 2,500 seniors and wellness housing communities. Its three reportable segments are Seniors Housing Operating (78% of FY2025 revenue), Triplenet, and Outpatient Medical. Property types: wellness housing, independent living, assisted living, Alzheimer's/dementia care, continuing care retirement communities, UK care homes, and long-term/post-acute care. Business-screen implication (factual): rental housing, resident fees, and healthcare property income - nothing in alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Rental income is the generally-permissible REIT consideration; the interest-income line (below) is the disclosed consideration. Note: this is a different company from TSX WELL Health (screened separately at is-well-health-halal.html). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Welltower's Form 10-K for the fiscal year ended December 31, 2025 (filed February 12, 2026; accession 0000766704-26-000010; in thousands), interest-bearing debt at December 31, 2025 was: senior unsecured notes $16,383,522K ($16,383.5M) plus secured debt $2,813,780K ($2,813.8M) = $19,197,302K (~$19,197M); the unsecured credit facility and commercial paper were $0; lease liabilities were $2,182,993K. Against a market cap of about $169.62B ($226.94 per share, Finnhub, October 2, 2026; sanity check: 697,752,530 shares outstanding per the 10-K cover x $226.94 = about $158.4B - the same range), debt / market cap is about 11.3% - below the ~33% ceiling (all-in including lease liabilities, about 12.6% - also passes). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Per Welltower's Form 10-K for the fiscal year ended December 31, 2025 (filed February 12, 2026; accession 0000766704-26-000010; in thousands), interest income was $246,205K ($246.2M) against total revenues of $10,838,034K ($10,838.0M) = about 2.27% of revenue - below the 5% non-compliant income ceiling. The segment note breaks interest income into Outpatient Medical $2,111K and Nonsegment/Corporate $244,094K - largely from real-estate loans receivable (disclosed). Income-statement figures are independently corroborated by four parses (sec2pdf.com, quartr.com, stocklight.com, stocktitan.net). H1 2026 (Q2 10-Q filed July 28, 2026): interest income $148,298K against total revenues $6,896,512K = 2.15% - still under 5%. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Welltower do?

Welltower Inc. (NYSE: WELL), headquartered at 4500 Dorr Street, Toledo, Ohio, is a real estate investment trust (REIT) and an S&P 500 company structured as an umbrella partnership REIT (UPREIT) through Welltower OP LLC. Per its Form 10-K for the fiscal year ended December 31, 2025 (Item 1 Business), it is 'positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada' - over 2,500 seniors and wellness housing communities. Its three reportable segments are Seniors Housing Operating (78% of FY2025 revenue), Triplenet, and Outpatient Medical. Property types: wellness housing, independent living, assisted living, Alzheimer's/dementia care, continuing care retirement communities, UK care homes, and long-term/post-acute care. In FY2025 it reported total revenues of $10,838.0M. Note: this is a different company from TSX WELL Health (screened separately); the NYSE ticker WELL here is Welltower Inc.

Why does Welltower pass this Shariah stock screen?

Welltower passes all three gates of this Shariah stock screen. Gate 1 (business activity): a healthcare REIT - seniors housing, outpatient medical, and rental income involve no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity - a clean business. Gate 2 (debt): interest-bearing debt of $19,197M is about 11.3% of its ~$169.62B market cap (October 2, 2026), below the ~33% ceiling. Gate 3 (non-compliant income): interest income of $246.2M is about 2.27% of FY2025 total revenue ($10,838.0M), below the 5% ceiling. Result: PASS. One honest note: the interest income comes largely from real-estate loans receivable, disclosed here. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Welltower's interest-bearing debt ratio?

Per Welltower's Form 10-K for the fiscal year ended December 31, 2025 (filed February 12, 2026; accession 0000766704-26-000010; in thousands), interest-bearing debt at December 31, 2025 was: senior unsecured notes $16,383,522K ($16,383.5M) plus secured debt $2,813,780K ($2,813.8M) = $19,197,302K (~$19,197M); the unsecured credit facility and commercial paper were $0; lease liabilities were $2,182,993K. Against a market cap of about $169.62B ($226.94 per share, Finnhub, October 2, 2026; sanity check: 697,752,530 shares outstanding per the 10-K cover x $226.94 = about $158.4B - the same range), debt / market cap is about 11.3% - below the ~33% ceiling (all-in including lease liabilities, about 12.6% - also passes). Gate 2 passes. Facts only.

How much interest income does Welltower earn?

Per Welltower's Form 10-K for the fiscal year ended December 31, 2025 (filed February 12, 2026; accession 0000766704-26-000010; in thousands), interest income was $246,205K ($246.2M) against total revenues of $10,838,034K ($10,838.0M) = about 2.27% of revenue - below the 5% non-compliant income ceiling. The segment note breaks interest income into Outpatient Medical $2,111K and Nonsegment/Corporate $244,094K - largely from real-estate loans receivable. Income-statement figures are independently corroborated by four parses (sec2pdf.com, quartr.com, stocklight.com, stocktitan.net). H1 2026 (Q2 10-Q filed July 28, 2026): interest income $148,298K against total revenues $6,896,512K = 2.15% - still under 5%. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Welltower?

Zoya covers Welltower at zoya.finance/stocks/well: 'WELL is Shariah-compliant and therefore considered halal to invest in.' (Zoya's FAQ page text is garbled auto-template - only the rating is quoted here, not its figures.) Musaffa covers WELL at musaffa.com/stock/WELL/: 'As of October 2026, Welltower Inc is classified as halal' (AAOIFI methodology). ShariaPortfolio: no public per-stock WELL rating was found in search - honestly reported as no coverage found, not invented.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).