# REIT - Healthcare Facilities — company-by-company sector analysis

> REIT - Healthcare Facilities: Welltower Inc. owns the largest revenue base; CareTrust REIT, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

REIT - Healthcare Facilities has outperformed S&P 500 by 15.1% over 52 weeks and 8% over 13 weeks. 14 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 17 beat the sector itself. Welltower Inc. leads with income of $11,767 million, based on 17 of 17 comparable companies through Mar 2026.

### Is the REIT - Healthcare Facilities sector outperforming S&P 500?

REIT - Healthcare Facilities has outperformed S&P 500 by 15.1% over 52 weeks and 8% over 13 weeks. 14 of 17 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 17 beat the sector itself.

### Which REIT - Healthcare Facilities company is largest by income?

Welltower Inc. leads with income of $11,767 million, based on 17 of 17 comparable companies through Mar 2026.

### Which REIT - Healthcare Facilities company is growing fastest?

CareTrust REIT, Inc. has the fastest current income growth at 58.2%, across 17 of 17 comparable companies.

### Which REIT - Healthcare Facilities company has the strongest 4-Factor Sector Score?

Omega Healthcare Investors, Inc. ranks first at 60.8/100 with 79.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which REIT - Healthcare Facilities company has the lowest comparable P/BV-to-ROE?

Strawberry Fields REIT, Inc. has the lowest comparable P/BV ÷ ROE at 0.35, among 15 of 17 companies that pass the metric’s comparability rules.

### How much history does this REIT - Healthcare Facilities comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

REIT - Healthcare Facilities has outperformed S&P 500 by 15.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 8%. 14 of 17 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Diversified Healthcare Trust is the strongest against the sector itself at +28.2%.

13-week sector return versus NIFTY 500: 8.0%
52-week sector return versus NIFTY 500: 15%
Stocks leading NIFTY: 14/17
Stocks leading sector: 7/17

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 17
Combined market value: ₹3.1 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Omega Healthcare Investors, Inc. (OHI): 61/100 — Mixed-positive evidence; evidence 80%
   - Growth & earnings 26.2/35 | Capital efficiency 17.7/25 | Valuation 7.5/20 | Relative strength 9.4/20
   - Exact sum: 26.2 + 17.7 + 7.5 + 9.4 = 60.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. LTC Properties, Inc. (LTC): 59/100 — Mixed-positive evidence; evidence 80%
   - Growth & earnings 26.7/35 | Capital efficiency 15.5/25 | Valuation 7.9/20 | Relative strength 8.6/20
   - Exact sum: 26.7 + 15.5 + 7.9 + 8.6 = 58.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Strawberry Fields REIT, Inc. (STRW): 57/100 — Mixed-positive evidence; evidence 74%
   - Growth & earnings 18.8/35 | Capital efficiency 20.4/25 | Valuation 7.8/20 | Relative strength 10.1/20
   - Exact sum: 18.8 + 20.4 + 7.8 + 10.1 = 57.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Welltower Inc. (WELL): 57/100 — Mixed-positive evidence; evidence 80%
   - Growth & earnings 25.9/35 | Capital efficiency 11.2/25 | Valuation 5.0/20 | Relative strength 14.8/20
   - Exact sum: 25.9 + 11.2 + 5 + 14.8 = 56.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. CareTrust REIT, Inc. (CTRE): 53/100 — Mixed-positive evidence; evidence 80%
   - Growth & earnings 23.6/35 | Capital efficiency 16.3/25 | Valuation 6.9/20 | Relative strength 6.2/20
   - Exact sum: 23.6 + 16.3 + 6.9 + 6.2 = 53
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -3.4% and the one-year return is 33.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
6. Ventas, Inc. (VTR): 50/100 — Mixed-positive evidence; evidence 80%
   - Growth & earnings 23.6/35 | Capital efficiency 8.9/25 | Valuation 3.4/20 | Relative strength 14.5/20
   - Exact sum: 23.6 + 8.9 + 3.4 + 14.5 = 50.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. Healthpeak Properties, Inc. (DOC): 47/100 — Mixed-negative evidence; evidence 80%
   - Growth & earnings 9.6/35 | Capital efficiency 9.6/25 | Valuation 8.3/20 | Relative strength 19.4/20
   - Exact sum: 9.6 + 9.6 + 8.3 + 19.4 = 46.9
   - Decision use: Price leads the evidence: RS versus the benchmark is 16.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8. Sabra Health Care REIT, Inc. (SBRA): 45/100 — Mixed-negative evidence; evidence 80%
   - Growth & earnings 16.8/35 | Capital efficiency 11.5/25 | Valuation 6.2/20 | Relative strength 10.7/20
   - Exact sum: 16.8 + 11.5 + 6.2 + 10.7 = 45.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9. American Healthcare REIT, Inc. (AHR): 45/100 — Mixed-negative evidence; evidence 69%
   - Growth & earnings 18.4/35 | Capital efficiency 8.3/25 | Valuation 4.3/20 | Relative strength 14.1/20
   - Exact sum: 18.4 + 8.3 + 4.3 + 14.1 = 45.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. Diversified Healthcare Trust (DHC): 44/100 — Thin evidence · provisional; evidence 57%
   - Growth & earnings 16.1/35 | Capital efficiency 4.3/25 | Valuation 9.8/20 | Relative strength 14.0/20
   - Exact sum: 16.1 + 4.3 + 9.8 + 14 = 44.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11. Healthcare Realty Trust Incorporated (HR): 44/100 — Thin evidence · provisional; evidence 57%
   - Growth & earnings 15.8/35 | Capital efficiency 5.0/25 | Valuation 9.8/20 | Relative strength 13.6/20
   - Exact sum: 15.8 + 5 + 9.8 + 13.6 = 44.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12. Community Healthcare Trust Incorporated (CHCT): 42/100 — Mixed-negative evidence; evidence 63%
   - Growth & earnings 16.4/35 | Capital efficiency 9.7/25 | Valuation 5.2/20 | Relative strength 11.1/20
   - Exact sum: 16.4 + 9.7 + 5.2 + 11.1 = 42.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13. Sila Realty Trust, Inc. (SILA): 42/100 — Mixed-negative evidence; evidence 74%
   - Growth & earnings 14.7/35 | Capital efficiency 9.4/25 | Valuation 4.1/20 | Relative strength 13.6/20
   - Exact sum: 14.7 + 9.4 + 4.1 + 13.6 = 41.8
   - Decision use: Price leads the evidence: RS versus the benchmark is 8.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
14. National Health Investors, Inc. (NHI): 42/100 — Mixed-negative evidence; evidence 80%
   - Growth & earnings 16.9/35 | Capital efficiency 16.6/25 | Valuation 6.2/20 | Relative strength 2.0/20
   - Exact sum: 16.9 + 16.6 + 6.2 + 2 = 41.7
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
15. Universal Health Realty Income Trust (UHT): 42/100 — Mixed-negative evidence; evidence 80%
   - Growth & earnings 11.6/35 | Capital efficiency 16.1/25 | Valuation 5.2/20 | Relative strength 8.8/20
   - Exact sum: 11.6 + 16.1 + 5.2 + 8.8 = 41.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16. Medical Properties Trust, Inc. (MPT): 28/100 — Adverse evidence; evidence 69%
   - Growth & earnings 14.4/35 | Capital efficiency 5.8/25 | Valuation 7.2/20 | Relative strength 0.3/20
   - Exact sum: 14.4 + 5.8 + 7.2 + 0.3 = 27.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17. Chiron Real Estate Inc. (XRN): 26/100 — Adverse evidence; evidence 74%
   - Growth & earnings 8.9/35 | Capital efficiency 7.5/25 | Valuation 4.8/20 | Relative strength 5.0/20
   - Exact sum: 8.9 + 7.5 + 4.8 + 5 = 26.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Income Scale & Growth Durability

What the numbers say: Welltower Inc. is the scale leader at $11,767 million, 93.2% ahead of Ventas, Inc.. CareTrust REIT, Inc.'s growth is 58.2% from a $522 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Welltower Inc. is the scale benchmark; CareTrust REIT, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Welltower Inc.'s growth falls below CareTrust REIT, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: Welltower Inc. · $11,767 million | 93.2% versus #2 · Ventas, Inc. | 8/8 recent comparable periods | 17/17 companies · 339 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. Welltower Inc. (WELL): ₹11.8K Cr
2. Ventas, Inc. (VTR): ₹6.1K Cr
3. Healthpeak Properties, Inc. (DOC): ₹2.9K Cr
4. American Healthcare REIT, Inc. (AHR): ₹2.4K Cr
5. Diversified Healthcare Trust (DHC): ₹1.5K Cr

### Income growth — fastest growers
1. CareTrust REIT, Inc. (CTRE): 58%
2. LTC Properties, Inc. (LTC): 53%
3. Welltower Inc. (WELL): 38%
4. Strawberry Fields REIT, Inc. (STRW): 26%
5. Ventas, Inc. (VTR): 21%

### 20-quarter Income history
- WELL: Jun 2021 ₹1.1K Cr | Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.6K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹1.8K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹2.3K Cr | Mar 2025 ₹2.4K Cr | Jun 2025 ₹2.5K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹3.2K Cr | Mar 2026 ₹3.4K Cr
- VTR: Jun 2021 ₹901 Cr | Sep 2021 ₹947 Cr | Dec 2021 ₹995 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.0K Cr | Sep 2022 ₹1.0K Cr | Dec 2022 ₹1.0K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.7K Cr
- OHI: Jun 2021 ₹257 Cr | Sep 2021 ₹282 Cr | Dec 2021 ₹250 Cr | Mar 2022 ₹249 Cr | Jun 2022 ₹245 Cr | Sep 2022 ₹239 Cr | Dec 2022 ₹145 Cr | Mar 2023 ₹218 Cr | Jun 2023 ₹250 Cr | Sep 2023 ₹242 Cr | Dec 2023 ₹239 Cr | Mar 2024 ₹243 Cr | Jun 2024 ₹253 Cr | Sep 2024 ₹276 Cr | Dec 2024 ₹279 Cr | Mar 2025 ₹277 Cr | Jun 2025 ₹283 Cr | Sep 2025 ₹312 Cr | Dec 2025 ₹319 Cr | Mar 2026 ₹323 Cr
- DOC: Jun 2021 ₹476 Cr | Sep 2021 ₹481 Cr | Dec 2021 ₹483 Cr | Mar 2022 ₹498 Cr | Jun 2022 ₹518 Cr | Sep 2022 ₹520 Cr | Dec 2022 ₹524 Cr | Mar 2023 ₹526 Cr | Jun 2023 ₹545 Cr | Sep 2023 ₹556 Cr | Dec 2023 ₹554 Cr | Mar 2024 ₹607 Cr | Jun 2024 ₹696 Cr | Sep 2024 ₹700 Cr | Dec 2024 ₹698 Cr | Mar 2025 ₹703 Cr | Jun 2025 ₹694 Cr | Sep 2025 ₹706 Cr | Dec 2025 ₹719 Cr | Mar 2026 ₹753 Cr
- AHR: Jun 2021 ₹308 Cr | Sep 2021 ₹317 Cr | Dec 2021 ₹365 Cr | Mar 2022 ₹376 Cr | Jun 2022 ₹388 Cr | Sep 2022 ₹426 Cr | Dec 2022 ₹453 Cr | Mar 2023 ₹452 Cr | Jun 2023 ₹468 Cr | Sep 2023 ₹464 Cr | Dec 2023 ₹483 Cr | Mar 2024 ₹500 Cr | Jun 2024 ₹505 Cr | Sep 2024 ₹524 Cr | Dec 2024 ₹543 Cr | Mar 2025 ₹541 Cr | Jun 2025 ₹543 Cr | Sep 2025 ₹573 Cr | Dec 2025 ₹604 Cr | Mar 2026 ₹651 Cr
- CTRE: Jun 2021 ₹48 Cr | Sep 2021 ₹49 Cr | Dec 2021 ₹50 Cr | Mar 2022 ₹46 Cr | Jun 2022 ₹48 Cr | Sep 2022 ₹50 Cr | Dec 2022 ₹52 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹52 Cr | Sep 2023 ₹56 Cr | Dec 2023 ₹60 Cr | Mar 2024 ₹63 Cr | Jun 2024 ₹69 Cr | Sep 2024 ₹77 Cr | Dec 2024 ₹87 Cr | Mar 2025 ₹97 Cr | Jun 2025 ₹112 Cr | Sep 2025 ₹132 Cr | Dec 2025 ₹135 Cr | Mar 2026 ₹143 Cr
- HR: Jun 2021 ₹131 Cr | Sep 2021 ₹135 Cr | Dec 2021 ₹135 Cr | Mar 2022 ₹141 Cr | Jun 2022 ₹143 Cr | Sep 2022 ₹303 Cr | Dec 2022 ₹334 Cr | Mar 2023 ₹329 Cr | Jun 2023 ₹334 Cr | Sep 2023 ₹338 Cr | Dec 2023 ₹326 Cr | Mar 2024 ₹322 Cr | Jun 2024 ₹312 Cr | Sep 2024 ₹312 Cr | Dec 2024 ₹306 Cr | Mar 2025 ₹295 Cr | Jun 2025 ₹294 Cr | Sep 2025 ₹294 Cr | Dec 2025 ₹283 Cr | Mar 2026 ₹275 Cr
- SBRA: Jun 2021 ₹150 Cr | Sep 2021 ₹125 Cr | Dec 2021 ₹128 Cr | Mar 2022 ₹152 Cr | Jun 2022 ₹147 Cr | Sep 2022 ₹132 Cr | Dec 2022 ₹156 Cr | Mar 2023 ₹153 Cr | Jun 2023 ₹153 Cr | Sep 2023 ₹153 Cr | Dec 2023 ₹154 Cr | Mar 2024 ₹158 Cr | Jun 2024 ₹167 Cr | Sep 2024 ₹168 Cr | Dec 2024 ₹173 Cr | Mar 2025 ₹173 Cr | Jun 2025 ₹179 Cr | Sep 2025 ₹177 Cr | Dec 2025 ₹201 Cr | Mar 2026 ₹212 Cr
- NHI: Jun 2021 ₹74 Cr | Sep 2021 ₹74 Cr | Dec 2021 — | Mar 2022 ₹71 Cr | Jun 2022 ₹60 Cr | Sep 2022 ₹76 Cr | Dec 2022 ₹71 Cr | Mar 2023 ₹82 Cr | Jun 2023 ₹78 Cr | Sep 2023 ₹80 Cr | Dec 2023 ₹79 Cr | Mar 2024 ₹82 Cr | Jun 2024 ₹85 Cr | Sep 2024 ₹83 Cr | Dec 2024 ₹86 Cr | Mar 2025 ₹89 Cr | Jun 2025 ₹91 Cr | Sep 2025 ₹90 Cr | Dec 2025 ₹106 Cr | Mar 2026 ₹115 Cr
- MPT: Jun 2021 ₹382 Cr | Sep 2021 ₹391 Cr | Dec 2021 ₹409 Cr | Mar 2022 ₹410 Cr | Jun 2022 ₹400 Cr | Sep 2022 ₹352 Cr | Dec 2022 ₹380 Cr | Mar 2023 ₹350 Cr | Jun 2023 ₹337 Cr | Sep 2023 ₹307 Cr | Dec 2023 ₹-122 Cr | Mar 2024 ₹271 Cr | Jun 2024 ₹267 Cr | Sep 2024 ₹226 Cr | Dec 2024 ₹232 Cr | Mar 2025 ₹224 Cr | Jun 2025 ₹240 Cr | Sep 2025 ₹238 Cr | Dec 2025 ₹270 Cr | Mar 2026 ₹252 Cr
- DHC: Jun 2021 ₹346 Cr | Sep 2021 ₹337 Cr | Dec 2021 ₹337 Cr | Mar 2022 ₹311 Cr | Jun 2022 ₹313 Cr | Sep 2022 ₹323 Cr | Dec 2022 ₹337 Cr | Mar 2023 ₹346 Cr | Jun 2023 ₹346 Cr | Sep 2023 ₹357 Cr | Dec 2023 ₹362 Cr | Mar 2024 ₹371 Cr | Jun 2024 ₹371 Cr | Sep 2024 ₹374 Cr | Dec 2024 ₹380 Cr | Mar 2025 ₹387 Cr | Jun 2025 ₹383 Cr | Sep 2025 ₹389 Cr | Dec 2025 ₹380 Cr | Mar 2026 ₹366 Cr
- LTC: Jun 2021 ₹38 Cr | Sep 2021 ₹37 Cr | Dec 2021 ₹39 Cr | Mar 2022 ₹40 Cr | Jun 2022 ₹42 Cr | Sep 2022 ₹42 Cr | Dec 2022 ₹47 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹48 Cr | Dec 2023 ₹49 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹48 Cr | Sep 2024 ₹50 Cr | Dec 2024 ₹51 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹67 Cr | Dec 2025 ₹82 Cr | Mar 2026 ₹94 Cr
- SILA: Jun 2021 ₹44 Cr | Sep 2021 ₹43 Cr | Dec 2021 ₹44 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹45 Cr | Sep 2022 ₹47 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹50 Cr | Jun 2023 ₹45 Cr | Sep 2023 ₹49 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹51 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹46 Cr | Dec 2024 ₹47 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹49 Cr | Sep 2025 ₹50 Cr | Dec 2025 ₹51 Cr | Mar 2026 ₹53 Cr
- STRW: Jun 2021 ₹20 Cr | Sep 2021 ₹24 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹24 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹25 Cr | Mar 2024 ₹28 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹37 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹40 Cr | Mar 2026 ₹40 Cr
- UHT: Jun 2021 ₹21 Cr | Sep 2021 ₹21 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹22 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹22 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹23 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹24 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹25 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹25 Cr | Jun 2025 ₹25 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹24 Cr | Mar 2026 ₹25 Cr
- CHCT: Jun 2021 ₹23 Cr | Sep 2021 ₹23 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹25 Cr | Dec 2022 ₹25 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹29 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹30 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹31 Cr | Dec 2025 ₹31 Cr | Mar 2026 ₹32 Cr
- XRN: Jun 2021 ₹28 Cr | Sep 2021 ₹30 Cr | Dec 2021 ₹30 Cr | Mar 2022 ₹32 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹35 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹36 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹34 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹35 Cr | Mar 2025 ₹35 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹37 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹38 Cr

### 20-quarter Income growth history
- WELL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 19% | Dec 2022 16% | Mar 2023 12% | Jun 2023 13% | Sep 2023 13% | Dec 2023 15% | Mar 2024 19% | Jun 2024 9.6% | Sep 2024 24% | Dec 2024 29% | Mar 2025 30% | Jun 2025 40% | Sep 2025 31% | Dec 2025 41% | Mar 2026 38%
- VTR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 8.1% | Dec 2022 4.0% | Mar 2023 5.5% | Jun 2023 8.7% | Sep 2023 12% | Dec 2023 12% | Mar 2024 12% | Jun 2024 8.7% | Sep 2024 7.0% | Dec 2024 10% | Mar 2025 13% | Jun 2025 18% | Sep 2025 21% | Dec 2025 22% | Mar 2026 22%
- OHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.7% | Sep 2022 -15% | Dec 2022 -42% | Mar 2023 -12% | Jun 2023 2.0% | Sep 2023 1.3% | Dec 2023 65% | Mar 2024 11% | Jun 2024 1.2% | Sep 2024 14% | Dec 2024 17% | Mar 2025 14% | Jun 2025 12% | Sep 2025 13% | Dec 2025 14% | Mar 2026 17%
- DOC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.8% | Sep 2022 8.1% | Dec 2022 8.5% | Mar 2023 5.6% | Jun 2023 5.2% | Sep 2023 6.9% | Dec 2023 5.7% | Mar 2024 15% | Jun 2024 28% | Sep 2024 26% | Dec 2024 26% | Mar 2025 16% | Jun 2025 -0.3% | Sep 2025 0.9% | Dec 2025 3.0% | Mar 2026 7.1%
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26% | Sep 2022 34% | Dec 2022 24% | Mar 2023 20% | Jun 2023 21% | Sep 2023 8.9% | Dec 2023 6.6% | Mar 2024 11% | Jun 2024 7.9% | Sep 2024 13% | Dec 2024 12% | Mar 2025 8.2% | Jun 2025 7.5% | Sep 2025 9.4% | Dec 2025 11% | Mar 2026 20%
- CTRE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 2.0% | Dec 2022 4.0% | Mar 2023 11% | Jun 2023 8.3% | Sep 2023 12% | Dec 2023 15% | Mar 2024 24% | Jun 2024 33% | Sep 2024 38% | Dec 2024 45% | Mar 2025 54% | Jun 2025 62% | Sep 2025 71% | Dec 2025 55% | Mar 2026 47%
- HR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.2% | Sep 2022 124% | Dec 2022 147% | Mar 2023 133% | Jun 2023 134% | Sep 2023 12% | Dec 2023 -2.4% | Mar 2024 -2.1% | Jun 2024 -6.6% | Sep 2024 -7.7% | Dec 2024 -6.1% | Mar 2025 -8.4% | Jun 2025 -5.8% | Sep 2025 -5.8% | Dec 2025 -7.5% | Mar 2026 -6.8%
- SBRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -2.0% | Sep 2022 5.6% | Dec 2022 22% | Mar 2023 0.7% | Jun 2023 4.1% | Sep 2023 16% | Dec 2023 -1.3% | Mar 2024 3.3% | Jun 2024 9.2% | Sep 2024 9.8% | Dec 2024 12% | Mar 2025 9.5% | Jun 2025 7.2% | Sep 2025 5.4% | Dec 2025 16% | Mar 2026 23%
- NHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -19% | Sep 2022 2.7% | Dec 2022 — | Mar 2023 15% | Jun 2023 30% | Sep 2023 5.3% | Dec 2023 11% | Mar 2024 0.0% | Jun 2024 9.0% | Sep 2024 3.8% | Dec 2024 8.9% | Mar 2025 8.5% | Jun 2025 7.1% | Sep 2025 8.4% | Dec 2025 23% | Mar 2026 29%
- MPT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.7% | Sep 2022 -10.0% | Dec 2022 -7.1% | Mar 2023 -15% | Jun 2023 -16% | Sep 2023 -13% | Dec 2023 -132% | Mar 2024 -23% | Jun 2024 -21% | Sep 2024 -26% | Dec 2024 — | Mar 2025 -17% | Jun 2025 -10% | Sep 2025 5.3% | Dec 2025 16% | Mar 2026 13%
- DHC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -9.5% | Sep 2022 -4.2% | Dec 2022 0.0% | Mar 2023 11% | Jun 2023 11% | Sep 2023 11% | Dec 2023 7.4% | Mar 2024 7.2% | Jun 2024 7.2% | Sep 2024 4.8% | Dec 2024 5.0% | Mar 2025 4.3% | Jun 2025 3.2% | Sep 2025 4.0% | Dec 2025 0.0% | Mar 2026 -5.4%
- LTC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 14% | Dec 2022 21% | Mar 2023 18% | Jun 2023 12% | Sep 2023 14% | Dec 2023 4.3% | Mar 2024 6.4% | Jun 2024 2.1% | Sep 2024 4.2% | Dec 2024 4.1% | Mar 2025 -4.0% | Jun 2025 23% | Sep 2025 34% | Dec 2025 61% | Mar 2026 96%
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.3% | Sep 2022 9.3% | Dec 2022 0.0% | Mar 2023 14% | Jun 2023 0.0% | Sep 2023 4.3% | Dec 2023 4.6% | Mar 2024 2.0% | Jun 2024 -2.2% | Sep 2024 -6.1% | Dec 2024 2.2% | Mar 2025 -5.9% | Jun 2025 11% | Sep 2025 8.7% | Dec 2025 8.5% | Mar 2026 10%
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 0.0% | Dec 2022 4.4% | Mar 2023 4.4% | Jun 2023 9.1% | Sep 2023 8.3% | Dec 2023 4.2% | Mar 2024 17% | Jun 2024 21% | Sep 2024 12% | Dec 2024 20% | Mar 2025 32% | Jun 2025 31% | Sep 2025 38% | Dec 2025 33% | Mar 2026 8.1%
- UHT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.8% | Sep 2022 4.8% | Dec 2022 14% | Mar 2023 4.6% | Jun 2023 9.1% | Sep 2023 9.1% | Dec 2023 0.0% | Mar 2024 8.7% | Jun 2024 4.2% | Sep 2024 0.0% | Dec 2024 4.2% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 4.2% | Dec 2025 -4.0% | Mar 2026 0.0%
- CHCT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.4% | Sep 2022 8.7% | Dec 2022 8.7% | Mar 2023 17% | Jun 2023 17% | Sep 2023 16% | Dec 2023 16% | Mar 2024 7.4% | Jun 2024 0.0% | Sep 2024 3.5% | Dec 2024 0.0% | Mar 2025 3.5% | Jun 2025 3.6% | Sep 2025 3.3% | Dec 2025 6.9% | Mar 2026 6.7%
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 17% | Dec 2022 20% | Mar 2023 13% | Jun 2023 5.9% | Sep 2023 2.9% | Dec 2023 -8.3% | Mar 2024 -2.8% | Jun 2024 -5.6% | Sep 2024 -5.6% | Dec 2024 6.1% | Mar 2025 0.0% | Jun 2025 12% | Sep 2025 8.8% | Dec 2025 8.6% | Mar 2026 8.6%

## Profit Scale & Acceleration

What the numbers say: Welltower Inc. leads with $1,457 million of TTM profit, 122.1% above Omega Healthcare Investors, Inc.. CareTrust REIT, Inc. shows ≥100% on the scoring scale (109.4% uncapped) growth from a $335 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Welltower Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Welltower Inc. · $1,457 million | 122.1% versus #2 · Omega Healthcare Investors, Inc. | 6/8 recent comparable periods | 17/17 companies · 340 observations

Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

### Net profit — largest
1. Welltower Inc. (WELL): ₹1.5K Cr
2. Omega Healthcare Investors, Inc. (OHI): ₹656 Cr
3. CareTrust REIT, Inc. (CTRE): ₹335 Cr
4. Ventas, Inc. (VTR): ₹272 Cr
5. Healthpeak Properties, Inc. (DOC): ₹251 Cr

### Profit growth — fastest growers
1. CareTrust REIT, Inc. (CTRE): 100%
2. Ventas, Inc. (VTR): 83%
3. Omega Healthcare Investors, Inc. (OHI): 43%
4. LTC Properties, Inc. (LTC): 39%
5. Welltower Inc. (WELL): 33%

### 20-quarter Net profit history
- WELL: Jun 2021 ₹46 Cr | Sep 2021 ₹190 Cr | Dec 2021 ₹66 Cr | Mar 2022 ₹66 Cr | Jun 2022 ₹96 Cr | Sep 2022 ₹-3 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹29 Cr | Jun 2023 ₹106 Cr | Sep 2023 ₹135 Cr | Dec 2023 ₹88 Cr | Mar 2024 ₹132 Cr | Jun 2024 ₹261 Cr | Sep 2024 ₹457 Cr | Dec 2024 ₹124 Cr | Mar 2025 ₹257 Cr | Jun 2025 ₹305 Cr | Sep 2025 ₹282 Cr | Dec 2025 ₹118 Cr | Mar 2026 ₹752 Cr
- VTR: Jun 2021 ₹88 Cr | Sep 2021 ₹63 Cr | Dec 2021 ₹-39 Cr | Mar 2022 ₹41 Cr | Jun 2022 ₹-41 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹-43 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹105 Cr | Sep 2023 ₹-70 Cr | Dec 2023 ₹-85 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹21 Cr | Dec 2024 ₹59 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹71 Cr | Sep 2025 ₹69 Cr | Dec 2025 ₹73 Cr | Mar 2026 ₹59 Cr
- OHI: Jun 2021 ₹87 Cr | Sep 2021 ₹143 Cr | Dec 2021 ₹34 Cr | Mar 2022 ₹195 Cr | Jun 2022 ₹92 Cr | Sep 2022 ₹105 Cr | Dec 2022 ₹47 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹62 Cr | Sep 2023 ₹94 Cr | Dec 2023 ₹57 Cr | Mar 2024 ₹69 Cr | Jun 2024 ₹117 Cr | Sep 2024 ₹115 Cr | Dec 2024 ₹116 Cr | Mar 2025 ₹112 Cr | Jun 2025 ₹140 Cr | Sep 2025 ₹185 Cr | Dec 2025 ₹172 Cr | Mar 2026 ₹159 Cr
- DOC: Jun 2021 ₹168 Cr | Sep 2021 ₹61 Cr | Dec 2021 ₹29 Cr | Mar 2022 ₹75 Cr | Jun 2022 ₹69 Cr | Sep 2022 ₹359 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹135 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹75 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹153 Cr | Sep 2024 ₹93 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹50 Cr | Jun 2025 ₹39 Cr | Sep 2025 ₹-110 Cr | Dec 2025 ₹122 Cr | Mar 2026 ₹200 Cr
- AHR: Jun 2021 ₹-8 Cr | Sep 2021 ₹-4 Cr | Dec 2021 ₹-25 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹-16 Cr | Sep 2022 ₹-8 Cr | Dec 2022 ₹-49 Cr | Mar 2023 ₹-28 Cr | Jun 2023 ₹-12 Cr | Sep 2023 ₹-6 Cr | Dec 2023 ₹-31 Cr | Mar 2024 ₹-3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹-3 Cr | Dec 2024 ₹-32 Cr | Mar 2025 ₹-7 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹57 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹24 Cr
- CTRE: Jun 2021 ₹21 Cr | Sep 2021 ₹12 Cr | Dec 2021 ₹18 Cr | Mar 2022 ₹-43 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹33 Cr | Dec 2024 ₹52 Cr | Mar 2025 ₹65 Cr | Jun 2025 ₹68 Cr | Sep 2025 ₹75 Cr | Dec 2025 ₹112 Cr | Mar 2026 ₹80 Cr
- HR: Jun 2021 ₹23 Cr | Sep 2021 ₹-2 Cr | Dec 2021 ₹22 Cr | Mar 2022 ₹42 Cr | Jun 2022 ₹6 Cr | Sep 2022 ₹29 Cr | Dec 2022 ₹-36 Cr | Mar 2023 ₹-88 Cr | Jun 2023 ₹-84 Cr | Sep 2023 ₹-69 Cr | Dec 2023 ₹-42 Cr | Mar 2024 ₹-315 Cr | Jun 2024 ₹-146 Cr | Sep 2024 ₹-95 Cr | Dec 2024 ₹-108 Cr | Mar 2025 ₹-45 Cr | Jun 2025 ₹-160 Cr | Sep 2025 ₹-59 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹0 Cr
- SBRA: Jun 2021 ₹-133 Cr | Sep 2021 ₹10 Cr | Dec 2021 ₹-24 Cr | Mar 2022 ₹41 Cr | Jun 2022 ₹17 Cr | Sep 2022 ₹-50 Cr | Dec 2022 ₹-85 Cr | Mar 2023 ₹-9 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹-15 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹47 Cr | Mar 2025 ₹40 Cr | Jun 2025 ₹66 Cr | Sep 2025 ₹23 Cr | Dec 2025 ₹27 Cr | Mar 2026 ₹41 Cr
- NHI: Jun 2021 ₹39 Cr | Sep 2021 ₹31 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹34 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹34 Cr | Jun 2023 ₹39 Cr | Sep 2023 ₹29 Cr | Dec 2023 ₹32 Cr | Mar 2024 ₹31 Cr | Jun 2024 ₹35 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹43 Cr | Mar 2025 ₹34 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹40 Cr
- MPT: Jun 2021 ₹115 Cr | Sep 2021 ₹171 Cr | Dec 2021 ₹207 Cr | Mar 2022 ₹632 Cr | Jun 2022 ₹190 Cr | Sep 2022 ₹222 Cr | Dec 2022 ₹-140 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹-42 Cr | Sep 2023 ₹117 Cr | Dec 2023 ₹-664 Cr | Mar 2024 ₹-875 Cr | Jun 2024 ₹-320 Cr | Sep 2024 ₹-801 Cr | Dec 2024 ₹-412 Cr | Mar 2025 ₹-118 Cr | Jun 2025 ₹-98 Cr | Sep 2025 ₹-77 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹33 Cr
- DHC: Jun 2021 ₹-33 Cr | Sep 2021 ₹-88 Cr | Dec 2021 ₹367 Cr | Mar 2022 ₹240 Cr | Jun 2022 ₹-109 Cr | Sep 2022 ₹-81 Cr | Dec 2022 ₹-65 Cr | Mar 2023 ₹-53 Cr | Jun 2023 ₹-73 Cr | Sep 2023 ₹-66 Cr | Dec 2023 ₹-103 Cr | Mar 2024 ₹-86 Cr | Jun 2024 ₹-98 Cr | Sep 2024 ₹-99 Cr | Dec 2024 ₹-87 Cr | Mar 2025 ₹-9 Cr | Jun 2025 ₹-92 Cr | Sep 2025 ₹-164 Cr | Dec 2025 ₹-21 Cr | Mar 2026 ₹-43 Cr
- LTC: Jun 2021 ₹18 Cr | Sep 2021 ₹11 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹14 Cr | Jun 2022 ₹54 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹24 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹18 Cr | Mar 2025 ₹21 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹-20 Cr | Dec 2025 ₹102 Cr | Mar 2026 ₹24 Cr
- SILA: Jun 2021 ₹0 Cr | Sep 2021 ₹-6 Cr | Dec 2021 ₹12 Cr | Mar 2022 ₹9 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹19 Cr | Dec 2022 ₹-29 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹-15 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹-4 Cr | Mar 2026 ₹4 Cr
- STRW: Jun 2021 ₹6 Cr | Sep 2021 ₹3 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹-5 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹9 Cr | Dec 2022 ₹7 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹9 Cr
- UHT: Jun 2021 ₹7 Cr | Sep 2021 ₹5 Cr | Dec 2021 ₹92 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹5 Cr
- CHCT: Jun 2021 ₹6 Cr | Sep 2021 ₹5 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹6 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹-10 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹-13 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹3 Cr
- XRN: Jun 2021 ₹4 Cr | Sep 2021 ₹5 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹-5 Cr | Dec 2025 ₹-6 Cr | Mar 2026 ₹2 Cr

### 20-quarter Profit growth history
- WELL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 109% | Sep 2022 -102% | Dec 2022 -97% | Mar 2023 -56% | Jun 2023 10% | Sep 2023 — | Dec 2023 4,300% | Mar 2024 355% | Jun 2024 146% | Sep 2024 239% | Dec 2024 41% | Mar 2025 95% | Jun 2025 17% | Sep 2025 -38% | Dec 2025 -4.8% | Mar 2026 193%
- VTR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -147% | Sep 2022 -95% | Dec 2022 — | Mar 2023 -54% | Jun 2023 — | Sep 2023 -2,433% | Dec 2023 — | Mar 2024 -168% | Jun 2024 -80% | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 238% | Sep 2025 229% | Dec 2025 24% | Mar 2026 23%
- OHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.8% | Sep 2022 -27% | Dec 2022 38% | Mar 2023 -81% | Jun 2023 -33% | Sep 2023 -10% | Dec 2023 21% | Mar 2024 86% | Jun 2024 89% | Sep 2024 22% | Dec 2024 104% | Mar 2025 62% | Jun 2025 20% | Sep 2025 61% | Dec 2025 48% | Mar 2026 42%
- DOC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -59% | Sep 2022 489% | Dec 2022 -66% | Mar 2023 80% | Jun 2023 -19% | Sep 2023 -81% | Dec 2023 650% | Mar 2024 -92% | Jun 2024 173% | Sep 2024 35% | Dec 2024 -85% | Mar 2025 355% | Jun 2025 -75% | Sep 2025 -218% | Dec 2025 1,009% | Mar 2026 300%
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 233% | Sep 2025 — | Dec 2025 — | Mar 2026 —
- CTRE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 -92% | Dec 2022 -22% | Mar 2023 — | Jun 2023 -100% | Sep 2023 800% | Dec 2023 86% | Mar 2024 53% | Jun 2024 — | Sep 2024 267% | Dec 2024 100% | Mar 2025 124% | Jun 2025 580% | Sep 2025 127% | Dec 2025 115% | Mar 2026 23%
- HR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -74% | Sep 2022 — | Dec 2022 -264% | Mar 2023 -310% | Jun 2023 -1,500% | Sep 2023 -338% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- SBRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -600% | Dec 2022 — | Mar 2023 -122% | Jun 2023 24% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 14% | Sep 2024 — | Dec 2024 176% | Mar 2025 54% | Jun 2025 175% | Sep 2025 -23% | Dec 2025 -43% | Mar 2026 2.5%
- NHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -46% | Sep 2022 9.7% | Dec 2022 -33% | Mar 2023 325% | Jun 2023 86% | Sep 2023 -15% | Dec 2023 1,500% | Mar 2024 -8.8% | Jun 2024 -10% | Sep 2024 -3.5% | Dec 2024 34% | Mar 2025 9.7% | Jun 2025 5.7% | Sep 2025 14% | Dec 2025 -12% | Mar 2026 18%
- MPT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 65% | Sep 2022 30% | Dec 2022 -168% | Mar 2023 -95% | Jun 2023 -122% | Sep 2023 -47% | Dec 2023 — | Mar 2024 -2,752% | Jun 2024 — | Sep 2024 -785% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- DHC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 -118% | Mar 2023 -122% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- LTC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 200% | Sep 2022 18% | Dec 2022 38% | Mar 2023 136% | Jun 2023 -89% | Sep 2023 69% | Dec 2023 56% | Mar 2024 -27% | Jun 2024 217% | Sep 2024 32% | Dec 2024 -36% | Mar 2025 -13% | Jun 2025 -21% | Sep 2025 -169% | Dec 2025 467% | Mar 2026 14%
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 -342% | Mar 2023 56% | Jun 2023 -75% | Sep 2023 -53% | Dec 2023 — | Mar 2024 -14% | Jun 2024 -100% | Sep 2024 -22% | Dec 2024 — | Mar 2025 -92% | Jun 2025 — | Sep 2025 -57% | Dec 2025 -167% | Mar 2026 300%
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 200% | Dec 2022 — | Mar 2023 — | Jun 2023 20% | Sep 2023 -44% | Dec 2023 -14% | Mar 2024 50% | Jun 2024 17% | Sep 2024 40% | Dec 2024 17% | Mar 2025 17% | Jun 2025 29% | Sep 2025 29% | Dec 2025 29% | Mar 2026 29%
- UHT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -29% | Sep 2022 0.0% | Dec 2022 -93% | Mar 2023 -20% | Jun 2023 -40% | Sep 2023 -20% | Dec 2023 -33% | Mar 2024 25% | Jun 2024 67% | Sep 2024 0.0% | Dec 2024 25% | Mar 2025 0.0% | Jun 2025 -20% | Sep 2025 0.0% | Dec 2025 -20% | Mar 2026 0.0%
- CHCT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 20% | Dec 2022 -17% | Mar 2023 -217% | Jun 2023 17% | Sep 2023 -50% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 -243% | Sep 2024 -33% | Dec 2024 -60% | Mar 2025 -50% | Jun 2025 — | Sep 2025 0.0% | Dec 2025 600% | Mar 2026 50%
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 100% | Dec 2022 -60% | Mar 2023 -50% | Jun 2023 250% | Sep 2023 -50% | Dec 2023 -50% | Mar 2024 0.0% | Jun 2024 -114% | Sep 2024 -40% | Dec 2024 200% | Mar 2025 100% | Jun 2025 — | Sep 2025 -267% | Dec 2025 -300% | Mar 2026 -50%

## Funding Base & Its Composition

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/17 companies · 0 observations

Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

### Deposits — largest deposit bases

### Borrowings — largest borrowings
1. Welltower Inc. (WELL): ₹20.0K Cr
2. Ventas, Inc. (VTR): ₹12.7K Cr
3. Healthpeak Properties, Inc. (DOC): ₹10.7K Cr
4. Medical Properties Trust, Inc. (MPT): ₹9.7K Cr
5. Omega Healthcare Investors, Inc. (OHI): ₹4.4K Cr

### 20-quarter Deposits history

### 20-quarter Borrowings history
- WELL: Jun 2021 ₹13.9K Cr | Sep 2021 ₹14.2K Cr | Dec 2021 ₹14.7K Cr | Mar 2022 ₹15.1K Cr | Jun 2022 ₹15.4K Cr | Sep 2022 ₹15.5K Cr | Dec 2022 ₹16.5K Cr | Mar 2023 ₹15.4K Cr | Jun 2023 ₹16.3K Cr | Sep 2023 ₹17.8K Cr | Dec 2023 ₹16.1K Cr | Mar 2024 ₹14.6K Cr | Jun 2024 ₹15.8K Cr | Sep 2024 ₹16.2K Cr | Dec 2024 ₹16.8K Cr | Mar 2025 ₹17.0K Cr | Jun 2025 ₹19.3K Cr | Sep 2025 ₹18.2K Cr | Dec 2025 ₹21.4K Cr | Mar 2026 ₹20.0K Cr
- VTR: Jun 2021 ₹12.0K Cr | Sep 2021 ₹12.3K Cr | Dec 2021 ₹12.2K Cr | Mar 2022 ₹12.6K Cr | Jun 2022 ₹12.5K Cr | Sep 2022 ₹12.4K Cr | Dec 2022 ₹12.5K Cr | Mar 2023 ₹12.5K Cr | Jun 2023 ₹13.6K Cr | Sep 2023 ₹13.6K Cr | Dec 2023 ₹13.7K Cr | Mar 2024 ₹13.8K Cr | Jun 2024 ₹13.4K Cr | Sep 2024 ₹13.9K Cr | Dec 2024 ₹13.7K Cr | Mar 2025 ₹12.9K Cr | Jun 2025 ₹13.3K Cr | Sep 2025 ₹12.8K Cr | Dec 2025 ₹13.2K Cr | Mar 2026 ₹12.7K Cr
- OHI: Jun 2021 ₹5.3K Cr | Sep 2021 ₹5.3K Cr | Dec 2021 ₹5.3K Cr | Mar 2022 ₹5.6K Cr | Jun 2022 ₹5.3K Cr | Sep 2022 ₹5.3K Cr | Dec 2022 ₹5.3K Cr | Mar 2023 ₹5.3K Cr | Jun 2023 ₹5.3K Cr | Sep 2023 ₹5.3K Cr | Dec 2023 ₹5.1K Cr | Mar 2024 ₹5.0K Cr | Jun 2024 ₹4.7K Cr | Sep 2024 ₹4.9K Cr | Dec 2024 ₹4.8K Cr | Mar 2025 ₹4.4K Cr | Jun 2025 ₹5.0K Cr | Sep 2025 ₹5.0K Cr | Dec 2025 ₹4.3K Cr | Mar 2026 ₹4.4K Cr
- DOC: Jun 2021 ₹5.2K Cr | Sep 2021 ₹5.7K Cr | Dec 2021 ₹6.4K Cr | Mar 2022 ₹6.5K Cr | Jun 2022 ₹6.7K Cr | Sep 2022 ₹6.8K Cr | Dec 2022 ₹6.7K Cr | Mar 2023 ₹6.7K Cr | Jun 2023 ₹6.8K Cr | Sep 2023 ₹6.9K Cr | Dec 2023 ₹7.1K Cr | Mar 2024 ₹9.1K Cr | Jun 2024 ₹8.9K Cr | Sep 2024 ₹8.9K Cr | Dec 2024 ₹9.0K Cr | Mar 2025 ₹9.2K Cr | Jun 2025 ₹9.4K Cr | Sep 2025 ₹9.4K Cr | Dec 2025 ₹10.1K Cr | Mar 2026 ₹10.7K Cr
- AHR: Jun 2021 ₹510 Cr | Sep 2021 ₹516 Cr | Dec 2021 ₹2.5K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.5K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹2.8K Cr | Mar 2023 ₹2.8K Cr | Jun 2023 ₹2.8K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹2.2K Cr | Jun 2024 ₹2.2K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹689 Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹550 Cr | Mar 2026 ₹550 Cr
- CTRE: Jun 2021 ₹940 Cr | Sep 2021 ₹673 Cr | Dec 2021 ₹673 Cr | Mar 2022 ₹699 Cr | Jun 2022 ₹799 Cr | Sep 2022 ₹774 Cr | Dec 2022 ₹719 Cr | Mar 2023 ₹730 Cr | Jun 2023 ₹875 Cr | Sep 2023 ₹595 Cr | Dec 2023 ₹596 Cr | Mar 2024 ₹596 Cr | Jun 2024 ₹671 Cr | Sep 2024 ₹397 Cr | Dec 2024 ₹397 Cr | Mar 2025 ₹822 Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹894 Cr | Dec 2025 ₹894 Cr | Mar 2026 ₹895 Cr
- HR: Jun 2021 ₹3.3K Cr | Sep 2021 ₹3.3K Cr | Dec 2021 ₹1.9K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹2.2K Cr | Sep 2022 ₹5.9K Cr | Dec 2022 ₹5.7K Cr | Mar 2023 ₹5.7K Cr | Jun 2023 ₹5.7K Cr | Sep 2023 ₹5.6K Cr | Dec 2023 ₹5.3K Cr | Mar 2024 ₹5.4K Cr | Jun 2024 ₹5.5K Cr | Sep 2024 ₹5.3K Cr | Dec 2024 ₹5.0K Cr | Mar 2025 ₹5.0K Cr | Jun 2025 ₹5.0K Cr | Sep 2025 ₹4.7K Cr | Dec 2025 ₹4.1K Cr | Mar 2026 ₹4.3K Cr
- SBRA: Jun 2021 ₹2.2K Cr | Sep 2021 ₹2.6K Cr | Dec 2021 ₹757 Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹2.3K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.3K Cr | Sep 2023 ₹2.3K Cr | Dec 2023 ₹2.3K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹2.3K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.3K Cr | Mar 2025 ₹2.3K Cr | Jun 2025 ₹2.3K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.3K Cr
- NHI: Jun 2021 ₹1.4K Cr | Sep 2021 ₹1.3K Cr | Dec 2021 ₹319 Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹302 Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.3K Cr
- MPT: Jun 2021 ₹10.0K Cr | Sep 2021 ₹10.6K Cr | Dec 2021 ₹11.3K Cr | Mar 2022 ₹10.1K Cr | Jun 2022 ₹10.1K Cr | Sep 2022 ₹9.5K Cr | Dec 2022 ₹10.3K Cr | Mar 2023 ₹10.4K Cr | Jun 2023 ₹10.2K Cr | Sep 2023 ₹10.2K Cr | Dec 2023 ₹10.1K Cr | Mar 2024 ₹10.1K Cr | Jun 2024 ₹9.4K Cr | Sep 2024 ₹9.2K Cr | Dec 2024 ₹8.8K Cr | Mar 2025 ₹9.5K Cr | Jun 2025 ₹9.6K Cr | Sep 2025 ₹9.6K Cr | Dec 2025 ₹9.7K Cr | Mar 2026 ₹9.7K Cr
- DHC: Jun 2021 ₹4.4K Cr | Sep 2021 ₹4.4K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.6K Cr | Jun 2022 ₹3.1K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.0K Cr | Mar 2023 ₹2.8K Cr | Jun 2023 ₹2.8K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹2.8K Cr | Jun 2024 ₹2.9K Cr | Sep 2024 ₹2.9K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.8K Cr | Jun 2025 ₹2.6K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹2.4K Cr
- LTC: Jun 2021 ₹618 Cr | Sep 2021 ₹662 Cr | Dec 2021 ₹723 Cr | Mar 2022 ₹763 Cr | Jun 2022 ₹735 Cr | Sep 2022 ₹794 Cr | Dec 2022 ₹768 Cr | Mar 2023 ₹901 Cr | Jun 2023 ₹953 Cr | Sep 2023 ₹956 Cr | Dec 2023 ₹891 Cr | Mar 2024 ₹860 Cr | Jun 2024 ₹861 Cr | Sep 2024 ₹785 Cr | Dec 2024 ₹685 Cr | Mar 2025 ₹682 Cr | Jun 2025 ₹696 Cr | Sep 2025 ₹945 Cr | Dec 2025 ₹842 Cr | Mar 2026 ₹867 Cr
- SILA: Jun 2021 ₹1.1K Cr | Sep 2021 ₹543 Cr | Dec 2021 ₹523 Cr | Mar 2022 ₹514 Cr | Jun 2022 ₹532 Cr | Sep 2022 ₹639 Cr | Dec 2022 ₹622 Cr | Mar 2023 ₹614 Cr | Jun 2023 ₹604 Cr | Sep 2023 ₹644 Cr | Dec 2023 ₹564 Cr | Mar 2024 ₹562 Cr | Jun 2024 ₹562 Cr | Sep 2024 ₹563 Cr | Dec 2024 ₹563 Cr | Mar 2025 ₹596 Cr | Jun 2025 ₹620 Cr | Sep 2025 ₹715 Cr | Dec 2025 ₹715 Cr | Mar 2026 ₹729 Cr
- STRW: Jun 2021 ₹456 Cr | Sep 2021 ₹499 Cr | Dec 2021 ₹504 Cr | Mar 2022 ₹477 Cr | Jun 2022 ₹477 Cr | Sep 2022 ₹459 Cr | Dec 2022 ₹457 Cr | Mar 2023 ₹463 Cr | Jun 2023 ₹480 Cr | Sep 2023 ₹545 Cr | Dec 2023 ₹538 Cr | Mar 2024 ₹563 Cr | Jun 2024 ₹556 Cr | Sep 2024 ₹581 Cr | Dec 2024 ₹672 Cr | Mar 2025 ₹714 Cr | Jun 2025 ₹790 Cr | Sep 2025 ₹776 Cr | Dec 2025 ₹791 Cr | Mar 2026 ₹789 Cr
- UHT: Jun 2021 ₹325 Cr | Sep 2021 ₹343 Cr | Dec 2021 ₹340 Cr | Mar 2022 ₹343 Cr | Jun 2022 ₹347 Cr | Sep 2022 ₹352 Cr | Dec 2022 ₹354 Cr | Mar 2023 ₹360 Cr | Jun 2023 ₹362 Cr | Sep 2023 ₹372 Cr | Dec 2023 ₹370 Cr | Mar 2024 ₹377 Cr | Jun 2024 ₹374 Cr | Sep 2024 ₹378 Cr | Dec 2024 ₹379 Cr | Mar 2025 ₹379 Cr | Jun 2025 ₹384 Cr | Sep 2025 ₹387 Cr | Dec 2025 ₹386 Cr | Mar 2026 ₹389 Cr
- CHCT: Jun 2021 ₹259 Cr | Sep 2021 ₹258 Cr | Dec 2021 ₹266 Cr | Mar 2022 ₹270 Cr | Jun 2022 ₹292 Cr | Sep 2022 ₹311 Cr | Dec 2022 ₹353 Cr | Mar 2023 ₹365 Cr | Jun 2023 ₹368 Cr | Sep 2023 ₹401 Cr | Dec 2023 ₹403 Cr | Mar 2024 ₹442 Cr | Jun 2024 ₹458 Cr | Sep 2024 ₹474 Cr | Dec 2024 ₹486 Cr | Mar 2025 ₹496 Cr | Jun 2025 ₹500 Cr | Sep 2025 ₹530 Cr | Dec 2025 ₹532 Cr | Mar 2026 ₹559 Cr
- XRN: Jun 2021 ₹507 Cr | Sep 2021 ₹555 Cr | Dec 2021 ₹572 Cr | Mar 2022 ₹586 Cr | Jun 2022 ₹660 Cr | Sep 2022 ₹693 Cr | Dec 2022 ₹694 Cr | Mar 2023 ₹692 Cr | Jun 2023 ₹625 Cr | Sep 2023 ₹618 Cr | Dec 2023 ₹611 Cr | Mar 2024 ₹618 Cr | Jun 2024 ₹614 Cr | Sep 2024 ₹629 Cr | Dec 2024 ₹646 Cr | Mar 2025 ₹677 Cr | Jun 2025 ₹713 Cr | Sep 2025 ₹710 Cr | Dec 2025 ₹654 Cr | Mar 2026 ₹663 Cr

## Return On Assets

What the numbers say: Strawberry Fields REIT, Inc. leads roa at 2.6%; Diversified Healthcare Trust leads roa change at +0.7 percentage points.

Investor read: Strawberry Fields REIT, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

Evidence: Strawberry Fields REIT, Inc. · 2.6% | 30% versus #2 · CareTrust REIT, Inc. | 7/8 recent comparable periods | 17/17 companies · 323 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. Strawberry Fields REIT, Inc. (STRW): 2.6%
2. CareTrust REIT, Inc. (CTRE): 2.0%
3. Omega Healthcare Investors, Inc. (OHI): 2.0%
4. LTC Properties, Inc. (LTC): 1.8%
5. National Health Investors, Inc. (NHI): 1.8%

### ROA change — fastest improvers
1. Diversified Healthcare Trust (DHC): +0.7 pp
2. LTC Properties, Inc. (LTC): +0.4 pp
3. Omega Healthcare Investors, Inc. (OHI): +0.4 pp
4. Sila Realty Trust, Inc. (SILA): +0.3 pp
5. Healthcare Realty Trust Incorporated (HR): +0.2 pp

### 20-quarter ROA history
- WELL: Jun 2021 — | Sep 2021 0.6% | Dec 2021 0.5% | Mar 2022 0.5% | Jun 2022 0.7% | Sep 2022 -1.9% | Dec 2022 -0.3% | Mar 2023 0.4% | Jun 2023 0.8% | Sep 2023 0.6% | Dec 2023 0.6% | Mar 2024 0.7% | Jun 2024 0.5% | Sep 2024 0.7% | Dec 2024 0.5% | Mar 2025 0.7% | Jun 2025 0.9% | Sep 2025 0.9% | Dec 2025 -1.9% | Mar 2026 0.9%
- VTR: Jun 2021 — | Sep 2021 0.1% | Dec 2021 0.1% | Mar 2022 0.6% | Jun 2022 0.2% | Sep 2022 -0.4% | Dec 2022 0.5% | Mar 2023 0.6% | Jun 2023 0.8% | Sep 2023 0.3% | Dec 2023 0.1% | Mar 2024 0.4% | Jun 2024 0.4% | Sep 2024 0.6% | Dec 2024 -0.5% | Mar 2025 0.9% | Jun 2025 0.7% | Sep 2025 0.8% | Dec 2025 0.8% | Mar 2026 0.9%
- OHI: Jun 2021 — | Sep 2021 1.5% | Dec 2021 0.9% | Mar 2022 1.4% | Jun 2022 1.3% | Sep 2022 1.2% | Dec 2022 -0.8% | Mar 2023 0.8% | Jun 2023 1.1% | Sep 2023 1.1% | Dec 2023 1.0% | Mar 2024 1.3% | Jun 2024 1.7% | Sep 2024 1.5% | Dec 2024 1.8% | Mar 2025 1.6% | Jun 2025 1.6% | Sep 2025 1.9% | Dec 2025 2.0% | Mar 2026 2.0%
- DOC: Jun 2021 — | Sep 2021 0.5% | Dec 2021 0.4% | Mar 2022 0.6% | Jun 2022 0.7% | Sep 2022 0.7% | Dec 2022 0.4% | Mar 2023 0.6% | Jun 2023 0.6% | Sep 2023 0.7% | Dec 2023 0.8% | Mar 2024 0.0% | Jun 2024 0.6% | Sep 2024 0.6% | Dec 2024 -1.8% | Mar 2025 0.6% | Jun 2025 0.6% | Sep 2025 0.6% | Dec 2025 0.7% | Mar 2026 0.4%
- AHR: Jun 2021 — | Sep 2021 1.3% | Dec 2021 -0.2% | Mar 2022 0.9% | Jun 2022 0.9% | Sep 2022 0.8% | Dec 2022 0.4% | Mar 2023 0.2% | Jun 2023 0.5% | Sep 2023 0.3% | Dec 2023 0.5% | Mar 2024 0.6% | Jun 2024 0.6% | Sep 2024 0.7% | Dec 2024 0.9% | Mar 2025 0.8% | Jun 2025 0.9% | Sep 2025 0.4% | Dec 2025 0.5% | Mar 2026 0.8%
- CTRE: Jun 2021 — | Sep 2021 1.8% | Dec 2021 1.5% | Mar 2022 -2.3% | Jun 2022 1.5% | Sep 2022 1.0% | Dec 2022 1.7% | Mar 2023 1.8% | Jun 2023 0.6% | Sep 2023 1.5% | Dec 2023 1.8% | Mar 2024 1.9% | Jun 2024 0.9% | Sep 2024 1.8% | Dec 2024 1.9% | Mar 2025 2.1% | Jun 2025 2.0% | Sep 2025 2.1% | Dec 2025 2.0% | Mar 2026 2.0%
- HR: Jun 2021 — | Sep 2021 0.3% | Dec 2021 0.4% | Mar 2022 0.2% | Jun 2022 0.2% | Sep 2022 -0.6% | Dec 2022 0.1% | Mar 2023 0.0% | Jun 2023 0.3% | Sep 2023 0.0% | Dec 2023 0.1% | Mar 2024 0.1% | Jun 2024 0.1% | Sep 2024 0.1% | Dec 2024 0.0% | Mar 2025 0.1% | Jun 2025 0.1% | Sep 2025 0.2% | Dec 2025 0.3% | Mar 2026 0.3%
- SBRA: Jun 2021 — | Sep 2021 0.6% | Dec 2021 5.6% | Mar 2022 1.0% | Jun 2022 0.7% | Sep 2022 -0.5% | Dec 2022 1.0% | Mar 2023 0.7% | Jun 2023 0.9% | Sep 2023 0.9% | Dec 2023 0.7% | Mar 2024 0.8% | Jun 2024 0.8% | Sep 2024 1.0% | Dec 2024 1.1% | Mar 2025 1.1% | Jun 2025 1.1% | Sep 2025 0.8% | Dec 2025 1.0% | Mar 2026 1.1%
- NHI: Jun 2021 — | Sep 2021 0.8% | Dec 2021 -0.2% | Mar 2022 0.5% | Jun 2022 0.7% | Sep 2022 1.1% | Dec 2022 3.4% | Mar 2023 1.8% | Jun 2023 1.7% | Sep 2023 1.7% | Dec 2023 3.1% | Mar 2024 1.8% | Jun 2024 1.9% | Sep 2024 1.7% | Dec 2024 1.8% | Mar 2025 1.8% | Jun 2025 1.9% | Sep 2025 1.8% | Dec 2025 1.9% | Mar 2026 1.8%
- MPT: Jun 2021 — | Sep 2021 1.4% | Dec 2021 3.5% | Mar 2022 1.4% | Jun 2022 1.4% | Sep 2022 1.4% | Dec 2022 3.2% | Mar 2023 0.5% | Jun 2023 -0.8% | Sep 2023 1.0% | Dec 2023 -6.5% | Mar 2024 -2.9% | Jun 2024 -0.1% | Sep 2024 -3.7% | Dec 2024 -2.4% | Mar 2025 0.2% | Jun 2025 1.0% | Sep 2025 0.3% | Dec 2025 0.9% | Mar 2026 -93%
- DHC: Jun 2021 — | Sep 2021 -0.1% | Dec 2021 -0.2% | Mar 2022 -0.3% | Jun 2022 -0.3% | Sep 2022 -0.5% | Dec 2022 -0.3% | Mar 2023 -0.3% | Jun 2023 -0.6% | Sep 2023 -0.4% | Dec 2023 -0.6% | Mar 2024 -0.5% | Jun 2024 -0.3% | Sep 2024 -0.8% | Dec 2024 -0.8% | Mar 2025 -0.8% | Jun 2025 -0.8% | Sep 2025 -2.2% | Dec 2025 -0.3% | Mar 2026 -0.1%
- LTC: Jun 2021 — | Sep 2021 0.7% | Dec 2021 0.8% | Mar 2022 0.9% | Jun 2022 3.6% | Sep 2022 0.8% | Dec 2022 1.1% | Mar 2023 2.0% | Jun 2023 0.4% | Sep 2023 1.3% | Dec 2023 1.5% | Mar 2024 1.3% | Jun 2024 1.0% | Sep 2024 1.4% | Dec 2024 1.7% | Mar 2025 1.4% | Jun 2025 0.9% | Sep 2025 -0.9% | Dec 2025 1.7% | Mar 2026 1.8%
- SILA: Jun 2021 — | Sep 2021 0.2% | Dec 2021 0.6% | Mar 2022 0.3% | Jun 2022 0.6% | Sep 2022 0.8% | Dec 2022 -1.3% | Mar 2023 0.9% | Jun 2023 0.4% | Sep 2023 0.9% | Dec 2023 -0.2% | Mar 2024 0.8% | Jun 2024 0.4% | Sep 2024 0.8% | Dec 2024 0.8% | Mar 2025 0.7% | Jun 2025 0.8% | Sep 2025 1.0% | Dec 2025 0.7% | Mar 2026 1.0%
- STRW: Jun 2021 — | Sep 2021 1.9% | Dec 2021 1.1% | Mar 2022 1.8% | Jun 2022 2.0% | Sep 2022 3.2% | Dec 2022 2.0% | Mar 2023 1.7% | Jun 2023 2.3% | Sep 2023 2.2% | Dec 2023 2.1% | Mar 2024 2.4% | Jun 2024 2.6% | Sep 2024 2.5% | Dec 2024 2.2% | Mar 2025 2.7% | Jun 2025 2.7% | Sep 2025 2.9% | Dec 2025 2.5% | Mar 2026 2.6%
- UHT: Jun 2021 — | Sep 2021 1.4% | Dec 2021 1.4% | Mar 2022 1.3% | Jun 2022 1.3% | Sep 2022 1.3% | Dec 2022 1.4% | Mar 2023 1.3% | Jun 2023 1.2% | Sep 2023 1.3% | Dec 2023 1.4% | Mar 2024 1.6% | Jun 2024 1.6% | Sep 2024 1.4% | Dec 2024 1.6% | Mar 2025 1.5% | Jun 2025 1.5% | Sep 2025 1.5% | Dec 2025 1.5% | Mar 2026 1.6%
- CHCT: Jun 2021 — | Sep 2021 1.2% | Dec 2021 1.2% | Mar 2022 1.1% | Jun 2022 1.1% | Sep 2022 1.1% | Dec 2022 1.1% | Mar 2023 -0.4% | Jun 2023 1.2% | Sep 2023 0.9% | Dec 2023 1.0% | Mar 2024 0.9% | Jun 2024 0.7% | Sep 2024 0.8% | Dec 2024 0.8% | Mar 2025 0.8% | Jun 2025 0.2% | Sep 2025 1.0% | Dec 2025 0.9% | Mar 2026 0.9%
- XRN: Jun 2021 — | Sep 2021 0.9% | Dec 2021 0.8% | Mar 2022 0.8% | Jun 2022 0.7% | Sep 2022 0.8% | Dec 2022 0.7% | Mar 2023 0.8% | Jun 2023 0.7% | Sep 2023 0.7% | Dec 2023 0.6% | Mar 2024 0.7% | Jun 2024 0.7% | Sep 2024 0.7% | Dec 2024 0.5% | Mar 2025 0.8% | Jun 2025 0.7% | Sep 2025 0.7% | Dec 2025 0.8% | Mar 2026 0.7%

### 20-quarter ROA change history
- WELL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 −0.8 pp | Mar 2023 −0.1 pp | Jun 2023 +0.1 pp | Sep 2023 +2.5 pp | Dec 2023 +0.9 pp | Mar 2024 +0.3 pp | Jun 2024 −0.3 pp | Sep 2024 +0.1 pp | Dec 2024 −0.1 pp | Mar 2025 0.0 pp | Jun 2025 +0.4 pp | Sep 2025 +0.2 pp | Dec 2025 −2.4 pp | Mar 2026 +0.2 pp
- VTR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +0.4 pp | Mar 2023 0.0 pp | Jun 2023 +0.6 pp | Sep 2023 +0.7 pp | Dec 2023 −0.4 pp | Mar 2024 −0.2 pp | Jun 2024 −0.4 pp | Sep 2024 +0.3 pp | Dec 2024 −0.6 pp | Mar 2025 +0.5 pp | Jun 2025 +0.3 pp | Sep 2025 +0.2 pp | Dec 2025 +1.3 pp | Mar 2026 0.0 pp
- OHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 −1.7 pp | Mar 2023 −0.6 pp | Jun 2023 −0.2 pp | Sep 2023 −0.1 pp | Dec 2023 +1.8 pp | Mar 2024 +0.5 pp | Jun 2024 +0.6 pp | Sep 2024 +0.4 pp | Dec 2024 +0.8 pp | Mar 2025 +0.3 pp | Jun 2025 −0.1 pp | Sep 2025 +0.4 pp | Dec 2025 +0.2 pp | Mar 2026 +0.4 pp
- DOC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 0.0 pp | Mar 2023 0.0 pp | Jun 2023 −0.1 pp | Sep 2023 0.0 pp | Dec 2023 +0.4 pp | Mar 2024 −0.6 pp | Jun 2024 0.0 pp | Sep 2024 −0.1 pp | Dec 2024 −2.6 pp | Mar 2025 +0.6 pp | Jun 2025 0.0 pp | Sep 2025 0.0 pp | Dec 2025 +2.5 pp | Mar 2026 −0.2 pp
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +0.6 pp | Mar 2023 −0.7 pp | Jun 2023 −0.4 pp | Sep 2023 −0.5 pp | Dec 2023 +0.1 pp | Mar 2024 +0.4 pp | Jun 2024 +0.1 pp | Sep 2024 +0.4 pp | Dec 2024 +0.4 pp | Mar 2025 +0.2 pp | Jun 2025 +0.3 pp | Sep 2025 −0.3 pp | Dec 2025 −0.4 pp | Mar 2026 0.0 pp
- CTRE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.8 pp | Dec 2022 +0.2 pp | Mar 2023 +4.1 pp | Jun 2023 −0.9 pp | Sep 2023 +0.5 pp | Dec 2023 +0.1 pp | Mar 2024 +0.1 pp | Jun 2024 +0.3 pp | Sep 2024 +0.3 pp | Dec 2024 +0.1 pp | Mar 2025 +0.2 pp | Jun 2025 +1.1 pp | Sep 2025 +0.3 pp | Dec 2025 +0.1 pp | Mar 2026 −0.1 pp
- HR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −0.3 pp | Mar 2023 −0.2 pp | Jun 2023 +0.1 pp | Sep 2023 +0.6 pp | Dec 2023 0.0 pp | Mar 2024 +0.1 pp | Jun 2024 −0.2 pp | Sep 2024 +0.1 pp | Dec 2024 −0.1 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 +0.3 pp | Mar 2026 +0.2 pp
- SBRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.1 pp | Dec 2022 −4.6 pp | Mar 2023 −0.3 pp | Jun 2023 +0.2 pp | Sep 2023 +1.4 pp | Dec 2023 −0.3 pp | Mar 2024 +0.1 pp | Jun 2024 −0.1 pp | Sep 2024 +0.1 pp | Dec 2024 +0.4 pp | Mar 2025 +0.3 pp | Jun 2025 +0.3 pp | Sep 2025 −0.2 pp | Dec 2025 −0.1 pp | Mar 2026 0.0 pp
- NHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +3.6 pp | Mar 2023 +1.3 pp | Jun 2023 +1.0 pp | Sep 2023 +0.6 pp | Dec 2023 −0.3 pp | Mar 2024 0.0 pp | Jun 2024 +0.2 pp | Sep 2024 0.0 pp | Dec 2024 −1.3 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 +0.1 pp | Mar 2026 0.0 pp
- MPT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.3 pp | Mar 2023 −0.9 pp | Jun 2023 −2.2 pp | Sep 2023 −0.4 pp | Dec 2023 −9.7 pp | Mar 2024 −3.4 pp | Jun 2024 +0.7 pp | Sep 2024 −4.7 pp | Dec 2024 +4.1 pp | Mar 2025 +3.1 pp | Jun 2025 +1.1 pp | Sep 2025 +4.0 pp | Dec 2025 +3.3 pp | Mar 2026 −93.6 pp
- DHC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 −0.1 pp | Mar 2023 0.0 pp | Jun 2023 −0.3 pp | Sep 2023 +0.1 pp | Dec 2023 −0.3 pp | Mar 2024 −0.2 pp | Jun 2024 +0.3 pp | Sep 2024 −0.4 pp | Dec 2024 −0.2 pp | Mar 2025 −0.3 pp | Jun 2025 −0.5 pp | Sep 2025 −1.4 pp | Dec 2025 +0.5 pp | Mar 2026 +0.7 pp
- LTC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +0.3 pp | Mar 2023 +1.1 pp | Jun 2023 −3.2 pp | Sep 2023 +0.5 pp | Dec 2023 +0.4 pp | Mar 2024 −0.7 pp | Jun 2024 +0.6 pp | Sep 2024 +0.1 pp | Dec 2024 +0.2 pp | Mar 2025 +0.1 pp | Jun 2025 −0.1 pp | Sep 2025 −2.3 pp | Dec 2025 0.0 pp | Mar 2026 +0.4 pp
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.6 pp | Dec 2022 −1.9 pp | Mar 2023 +0.6 pp | Jun 2023 −0.2 pp | Sep 2023 +0.1 pp | Dec 2023 +1.1 pp | Mar 2024 −0.1 pp | Jun 2024 0.0 pp | Sep 2024 −0.1 pp | Dec 2024 +1.0 pp | Mar 2025 −0.1 pp | Jun 2025 +0.4 pp | Sep 2025 +0.2 pp | Dec 2025 −0.1 pp | Mar 2026 +0.3 pp
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.3 pp | Dec 2022 +0.9 pp | Mar 2023 −0.1 pp | Jun 2023 +0.3 pp | Sep 2023 −1.0 pp | Dec 2023 +0.1 pp | Mar 2024 +0.7 pp | Jun 2024 +0.3 pp | Sep 2024 +0.3 pp | Dec 2024 +0.1 pp | Mar 2025 +0.3 pp | Jun 2025 +0.1 pp | Sep 2025 +0.4 pp | Dec 2025 +0.3 pp | Mar 2026 −0.1 pp
- UHT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 0.0 pp | Mar 2023 0.0 pp | Jun 2023 −0.1 pp | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 +0.3 pp | Jun 2024 +0.4 pp | Sep 2024 +0.1 pp | Dec 2024 +0.2 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 +0.1 pp | Dec 2025 −0.1 pp | Mar 2026 +0.1 pp
- CHCT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.1 pp | Mar 2023 −1.5 pp | Jun 2023 +0.1 pp | Sep 2023 −0.2 pp | Dec 2023 −0.1 pp | Mar 2024 +1.3 pp | Jun 2024 −0.5 pp | Sep 2024 −0.1 pp | Dec 2024 −0.2 pp | Mar 2025 −0.1 pp | Jun 2025 −0.5 pp | Sep 2025 +0.2 pp | Dec 2025 +0.1 pp | Mar 2026 +0.1 pp
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.1 pp | Mar 2023 0.0 pp | Jun 2023 0.0 pp | Sep 2023 −0.1 pp | Dec 2023 −0.1 pp | Mar 2024 −0.1 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 −0.1 pp | Mar 2025 +0.1 pp | Jun 2025 0.0 pp | Sep 2025 0.0 pp | Dec 2025 +0.3 pp | Mar 2026 −0.1 pp

## ROE — Leaders & Improvers

What the numbers say: Strawberry Fields REIT, Inc. leads roe at 37.4%; Medical Properties Trust, Inc. leads roe change at +2.8 percentage points.

Investor read: Strawberry Fields REIT, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

Evidence: Strawberry Fields REIT, Inc. · 37.4% | 12.1× versus #2 · Omega Healthcare Investors, Inc. | 2/5 recent comparable periods | 17/17 companies · 312 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. Strawberry Fields REIT, Inc. (STRW): 37%
2. Omega Healthcare Investors, Inc. (OHI): 3.1%
3. Universal Health Realty Income Trust (UHT): 3.1%
4. National Health Investors, Inc. (NHI): 2.7%
5. CareTrust REIT, Inc. (CTRE): 2.2%

### ROE change — fastest improvers
1. Medical Properties Trust, Inc. (MPT): +2.8 pp
2. Healthpeak Properties, Inc. (DOC): +1.7 pp
3. American Healthcare REIT, Inc. (AHR): +1.1 pp
4. Welltower Inc. (WELL): +1.1 pp
5. Healthcare Realty Trust Incorporated (HR): +0.8 pp

### 20-quarter ROE history
- WELL: Jun 2021 — | Sep 2021 1.1% | Dec 2021 0.4% | Mar 2022 0.4% | Jun 2022 0.5% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 0.1% | Jun 2023 0.5% | Sep 2023 0.6% | Dec 2023 0.4% | Mar 2024 0.5% | Jun 2024 1.0% | Sep 2024 1.7% | Dec 2024 0.4% | Mar 2025 0.8% | Jun 2025 0.9% | Sep 2025 0.8% | Dec 2025 0.3% | Mar 2026 1.9%
- VTR: Jun 2021 — | Sep 2021 0.6% | Dec 2021 -0.4% | Mar 2022 0.4% | Jun 2022 -0.4% | Sep 2022 0.0% | Dec 2022 -0.4% | Mar 2023 0.2% | Jun 2023 1.0% | Sep 2023 -0.7% | Dec 2023 -0.9% | Mar 2024 -0.1% | Jun 2024 0.2% | Sep 2024 0.2% | Dec 2024 0.6% | Mar 2025 0.5% | Jun 2025 0.7% | Sep 2025 0.6% | Dec 2025 0.6% | Mar 2026 0.5%
- OHI: Jun 2021 — | Sep 2021 3.5% | Dec 2021 0.8% | Mar 2022 4.7% | Jun 2022 2.3% | Sep 2022 2.6% | Dec 2022 1.2% | Mar 2023 0.9% | Jun 2023 1.6% | Sep 2023 2.4% | Dec 2023 1.5% | Mar 2024 1.9% | Jun 2024 3.0% | Sep 2024 2.8% | Dec 2024 2.7% | Mar 2025 2.6% | Jun 2025 3.1% | Sep 2025 3.8% | Dec 2025 3.4% | Mar 2026 3.1%
- DOC: Jun 2021 — | Sep 2021 0.8% | Dec 2021 0.4% | Mar 2022 1.0% | Jun 2022 1.0% | Sep 2022 5.0% | Dec 2022 0.1% | Mar 2023 1.9% | Jun 2023 0.8% | Sep 2023 1.0% | Dec 2023 1.1% | Mar 2024 0.1% | Jun 2024 1.8% | Sep 2024 1.1% | Dec 2024 0.1% | Mar 2025 0.5% | Jun 2025 0.4% | Sep 2025 -1.3% | Dec 2025 1.4% | Mar 2026 2.2%
- AHR: Jun 2021 — | Sep 2021 -0.7% | Dec 2021 -1.7% | Mar 2022 -0.1% | Jun 2022 -1.4% | Sep 2022 -0.7% | Dec 2022 -2.8% | Mar 2023 -1.6% | Jun 2023 -0.7% | Sep 2023 -0.4% | Dec 2023 -2.0% | Mar 2024 -0.2% | Jun 2024 0.2% | Sep 2024 -0.2% | Dec 2024 -1.7% | Mar 2025 -0.3% | Jun 2025 0.4% | Sep 2025 2.3% | Dec 2025 0.4% | Mar 2026 0.8%
- CTRE: Jun 2021 — | Sep 2021 1.3% | Dec 2021 2.0% | Mar 2022 -4.9% | Jun 2022 2.3% | Sep 2022 0.1% | Dec 2022 1.6% | Mar 2023 2.3% | Jun 2023 -0.1% | Sep 2023 0.9% | Dec 2023 2.3% | Mar 2024 2.3% | Jun 2024 0.8% | Sep 2024 1.9% | Dec 2024 2.4% | Mar 2025 2.8% | Jun 2025 2.6% | Sep 2025 2.3% | Dec 2025 3.2% | Mar 2026 2.2%
- HR: Jun 2021 — | Sep 2021 -0.1% | Dec 2021 0.8% | Mar 2022 1.3% | Jun 2022 0.1% | Sep 2022 0.5% | Dec 2022 -0.7% | Mar 2023 -1.6% | Jun 2023 -1.3% | Sep 2023 -0.9% | Dec 2023 -0.6% | Mar 2024 -4.5% | Jun 2024 -2.2% | Sep 2024 -1.5% | Dec 2024 -1.8% | Mar 2025 -0.8% | Jun 2025 -3.0% | Sep 2025 -1.1% | Dec 2025 0.3% | Mar 2026 0.0%
- SBRA: Jun 2021 — | Sep 2021 0.3% | Dec 2021 7.1% | Mar 2022 1.2% | Jun 2022 0.5% | Sep 2022 -1.5% | Dec 2022 -6.3% | Mar 2023 -0.3% | Jun 2023 0.7% | Sep 2023 -0.5% | Dec 2023 0.6% | Mar 2024 0.9% | Jun 2024 0.8% | Sep 2024 1.1% | Dec 2024 1.7% | Mar 2025 1.5% | Jun 2025 2.4% | Sep 2025 0.8% | Dec 2025 1.0% | Mar 2026 1.5%
- NHI: Jun 2021 — | Sep 2021 2.0% | Dec 2021 0.4% | Mar 2022 0.5% | Jun 2022 1.5% | Sep 2022 2.4% | Dec 2022 — | Mar 2023 2.5% | Jun 2023 2.9% | Sep 2023 2.2% | Dec 2023 5.0% | Mar 2024 2.4% | Jun 2024 2.8% | Sep 2024 2.3% | Dec 2024 3.2% | Mar 2025 2.5% | Jun 2025 2.7% | Sep 2025 2.4% | Dec 2025 2.6% | Mar 2026 2.7%
- MPT: Jun 2021 — | Sep 2021 2.2% | Dec 2021 2.6% | Mar 2022 7.4% | Jun 2022 2.2% | Sep 2022 2.6% | Dec 2022 -1.6% | Mar 2023 0.4% | Jun 2023 -0.5% | Sep 2023 1.4% | Dec 2023 -8.2% | Mar 2024 -12% | Jun 2024 -4.4% | Sep 2024 -12% | Dec 2024 -6.6% | Mar 2025 -2.1% | Jun 2025 -1.8% | Sep 2025 -1.5% | Dec 2025 0.4% | Mar 2026 0.7%
- DHC: Jun 2021 — | Sep 2021 -3.5% | Dec 2021 14% | Mar 2022 8.8% | Jun 2022 -4.1% | Sep 2022 -3.2% | Dec 2022 -2.5% | Mar 2023 -1.9% | Jun 2023 -2.7% | Sep 2023 -2.6% | Dec 2023 -4.1% | Mar 2024 -3.6% | Jun 2024 -4.2% | Sep 2024 -4.4% | Dec 2024 -4.1% | Mar 2025 -0.4% | Jun 2025 -4.6% | Sep 2025 -8.8% | Dec 2025 -1.2% | Mar 2026 -2.4%
- LTC: Jun 2021 — | Sep 2021 1.4% | Dec 2021 1.7% | Mar 2022 1.9% | Jun 2022 6.9% | Sep 2022 1.7% | Dec 2022 2.2% | Mar 2023 4.1% | Jun 2023 0.7% | Sep 2023 2.6% | Dec 2023 3.2% | Mar 2024 2.7% | Jun 2024 2.1% | Sep 2024 3.1% | Dec 2024 1.8% | Mar 2025 2.1% | Jun 2025 1.5% | Sep 2025 -1.9% | Dec 2025 9.2% | Mar 2026 2.1%
- SILA: Jun 2021 — | Sep 2021 -0.3% | Dec 2021 0.7% | Mar 2022 0.6% | Jun 2022 1.0% | Sep 2022 1.2% | Dec 2022 -1.8% | Mar 2023 0.9% | Jun 2023 0.2% | Sep 2023 0.6% | Dec 2023 -1.0% | Mar 2024 0.8% | Jun 2024 0.0% | Sep 2024 0.5% | Dec 2024 0.4% | Mar 2025 0.1% | Jun 2025 0.1% | Sep 2025 0.2% | Dec 2025 -0.3% | Mar 2026 0.3%
- STRW: Jun 2021 — | Sep 2021 32% | Dec 2021 -4.6% | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 91% | Mar 2023 53% | Jun 2023 — | Sep 2023 — | Dec 2023 73% | Mar 2024 77% | Jun 2024 — | Sep 2024 — | Dec 2024 16% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 13% | Mar 2026 37%
- UHT: Jun 2021 — | Sep 2021 3.4% | Dec 2021 47% | Mar 2022 2.7% | Jun 2022 2.7% | Sep 2022 2.5% | Dec 2022 2.4% | Mar 2023 1.9% | Jun 2023 1.5% | Sep 2023 1.7% | Dec 2023 1.8% | Mar 2024 2.5% | Jun 2024 2.6% | Sep 2024 2.0% | Dec 2024 2.5% | Mar 2025 2.6% | Jun 2025 2.5% | Sep 2025 2.4% | Dec 2025 2.6% | Mar 2026 3.1%
- CHCT: Jun 2021 — | Sep 2021 1.2% | Dec 2021 1.3% | Mar 2022 1.2% | Jun 2022 1.2% | Sep 2022 1.2% | Dec 2022 1.1% | Mar 2023 -1.4% | Jun 2023 1.3% | Sep 2023 0.7% | Dec 2023 0.9% | Mar 2024 0.7% | Jun 2024 -2.1% | Sep 2024 0.3% | Dec 2024 0.4% | Mar 2025 0.3% | Jun 2025 -2.7% | Sep 2025 0.4% | Dec 2025 3.2% | Mar 2026 0.6%
- XRN: Jun 2021 — | Sep 2021 1.0% | Dec 2021 1.0% | Mar 2022 0.7% | Jun 2022 0.6% | Sep 2022 1.5% | Dec 2022 0.3% | Mar 2023 0.3% | Jun 2023 2.2% | Sep 2023 0.7% | Dec 2023 0.1% | Mar 2024 0.4% | Jun 2024 -0.3% | Sep 2024 0.6% | Dec 2024 0.5% | Mar 2025 0.7% | Jun 2025 0.1% | Sep 2025 -0.9% | Dec 2025 -1.1% | Mar 2026 0.3%

### 20-quarter ROE change history
- WELL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.1 pp | Dec 2022 −0.4 pp | Mar 2023 −0.3 pp | Jun 2023 0.0 pp | Sep 2023 +0.6 pp | Dec 2023 +0.4 pp | Mar 2024 +0.4 pp | Jun 2024 +0.5 pp | Sep 2024 +1.1 pp | Dec 2024 0.0 pp | Mar 2025 +0.3 pp | Jun 2025 −0.1 pp | Sep 2025 −0.9 pp | Dec 2025 −0.1 pp | Mar 2026 +1.1 pp
- VTR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 0.0 pp | Mar 2023 −0.2 pp | Jun 2023 +1.4 pp | Sep 2023 −0.7 pp | Dec 2023 −0.5 pp | Mar 2024 −0.3 pp | Jun 2024 −0.8 pp | Sep 2024 +0.9 pp | Dec 2024 +1.5 pp | Mar 2025 +0.6 pp | Jun 2025 +0.5 pp | Sep 2025 +0.4 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp
- OHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 +0.4 pp | Mar 2023 −3.8 pp | Jun 2023 −0.7 pp | Sep 2023 −0.2 pp | Dec 2023 +0.3 pp | Mar 2024 +1.0 pp | Jun 2024 +1.4 pp | Sep 2024 +0.4 pp | Dec 2024 +1.2 pp | Mar 2025 +0.7 pp | Jun 2025 +0.1 pp | Sep 2025 +1.0 pp | Dec 2025 +0.7 pp | Mar 2026 +0.5 pp
- DOC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.2 pp | Dec 2022 −0.3 pp | Mar 2023 +0.9 pp | Jun 2023 −0.2 pp | Sep 2023 −4.0 pp | Dec 2023 +1.0 pp | Mar 2024 −1.8 pp | Jun 2024 +1.0 pp | Sep 2024 +0.1 pp | Dec 2024 −1.0 pp | Mar 2025 +0.4 pp | Jun 2025 −1.4 pp | Sep 2025 −2.4 pp | Dec 2025 +1.3 pp | Mar 2026 +1.7 pp
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −1.1 pp | Mar 2023 −1.5 pp | Jun 2023 +0.7 pp | Sep 2023 +0.3 pp | Dec 2023 +0.8 pp | Mar 2024 +1.4 pp | Jun 2024 +0.9 pp | Sep 2024 +0.2 pp | Dec 2024 +0.3 pp | Mar 2025 −0.1 pp | Jun 2025 +0.2 pp | Sep 2025 +2.5 pp | Dec 2025 +2.1 pp | Mar 2026 +1.1 pp
- CTRE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.2 pp | Dec 2022 −0.4 pp | Mar 2023 +7.2 pp | Jun 2023 −2.4 pp | Sep 2023 +0.8 pp | Dec 2023 +0.7 pp | Mar 2024 0.0 pp | Jun 2024 +0.9 pp | Sep 2024 +1.0 pp | Dec 2024 +0.1 pp | Mar 2025 +0.5 pp | Jun 2025 +1.8 pp | Sep 2025 +0.4 pp | Dec 2025 +0.8 pp | Mar 2026 −0.6 pp
- HR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.6 pp | Dec 2022 −1.5 pp | Mar 2023 −2.9 pp | Jun 2023 −1.4 pp | Sep 2023 −1.4 pp | Dec 2023 +0.1 pp | Mar 2024 −2.9 pp | Jun 2024 −0.9 pp | Sep 2024 −0.6 pp | Dec 2024 −1.2 pp | Mar 2025 +3.7 pp | Jun 2025 −0.8 pp | Sep 2025 +0.4 pp | Dec 2025 +2.1 pp | Mar 2026 +0.8 pp
- SBRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.8 pp | Dec 2022 −13.4 pp | Mar 2023 −1.5 pp | Jun 2023 +0.2 pp | Sep 2023 +1.0 pp | Dec 2023 +6.9 pp | Mar 2024 +1.2 pp | Jun 2024 +0.1 pp | Sep 2024 +1.6 pp | Dec 2024 +1.1 pp | Mar 2025 +0.6 pp | Jun 2025 +1.6 pp | Sep 2025 −0.3 pp | Dec 2025 −0.7 pp | Mar 2026 0.0 pp
- NHI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 — | Mar 2023 +2.0 pp | Jun 2023 +1.4 pp | Sep 2023 −0.2 pp | Dec 2023 — | Mar 2024 −0.1 pp | Jun 2024 −0.1 pp | Sep 2024 +0.1 pp | Dec 2024 −1.8 pp | Mar 2025 +0.1 pp | Jun 2025 −0.1 pp | Sep 2025 +0.1 pp | Dec 2025 −0.6 pp | Mar 2026 +0.2 pp
- MPT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 −4.2 pp | Mar 2023 −7.0 pp | Jun 2023 −2.7 pp | Sep 2023 −1.2 pp | Dec 2023 −6.6 pp | Mar 2024 −12.0 pp | Jun 2024 −3.9 pp | Sep 2024 −13.1 pp | Dec 2024 +1.6 pp | Mar 2025 +9.5 pp | Jun 2025 +2.6 pp | Sep 2025 +10.2 pp | Dec 2025 +7.0 pp | Mar 2026 +2.8 pp
- DHC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 −16.4 pp | Mar 2023 −10.7 pp | Jun 2023 +1.4 pp | Sep 2023 +0.6 pp | Dec 2023 −1.6 pp | Mar 2024 −1.7 pp | Jun 2024 −1.5 pp | Sep 2024 −1.8 pp | Dec 2024 0.0 pp | Mar 2025 +3.2 pp | Jun 2025 −0.4 pp | Sep 2025 −4.4 pp | Dec 2025 +2.9 pp | Mar 2026 −2.0 pp
- LTC: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +0.5 pp | Mar 2023 +2.2 pp | Jun 2023 −6.2 pp | Sep 2023 +0.9 pp | Dec 2023 +1.0 pp | Mar 2024 −1.4 pp | Jun 2024 +1.4 pp | Sep 2024 +0.5 pp | Dec 2024 −1.4 pp | Mar 2025 −0.6 pp | Jun 2025 −0.6 pp | Sep 2025 −5.0 pp | Dec 2025 +7.4 pp | Mar 2026 0.0 pp
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.5 pp | Dec 2022 −2.5 pp | Mar 2023 +0.3 pp | Jun 2023 −0.8 pp | Sep 2023 −0.6 pp | Dec 2023 +0.8 pp | Mar 2024 −0.1 pp | Jun 2024 −0.2 pp | Sep 2024 −0.1 pp | Dec 2024 +1.4 pp | Mar 2025 −0.7 pp | Jun 2025 +0.1 pp | Sep 2025 −0.3 pp | Dec 2025 −0.7 pp | Mar 2026 +0.2 pp
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +95.3 pp | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 −18.1 pp | Mar 2024 +23.8 pp | Jun 2024 — | Sep 2024 — | Dec 2024 −56.9 pp | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 −2.6 pp | Mar 2026 —
- UHT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −44.1 pp | Mar 2023 −0.8 pp | Jun 2023 −1.2 pp | Sep 2023 −0.8 pp | Dec 2023 −0.6 pp | Mar 2024 +0.6 pp | Jun 2024 +1.1 pp | Sep 2024 +0.3 pp | Dec 2024 +0.7 pp | Mar 2025 +0.1 pp | Jun 2025 −0.1 pp | Sep 2025 +0.4 pp | Dec 2025 +0.1 pp | Mar 2026 +0.5 pp
- CHCT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.2 pp | Mar 2023 −2.6 pp | Jun 2023 +0.1 pp | Sep 2023 −0.5 pp | Dec 2023 −0.2 pp | Mar 2024 +2.1 pp | Jun 2024 −3.4 pp | Sep 2024 −0.4 pp | Dec 2024 −0.5 pp | Mar 2025 −0.4 pp | Jun 2025 −0.6 pp | Sep 2025 +0.1 pp | Dec 2025 +2.8 pp | Mar 2026 +0.3 pp
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −0.7 pp | Mar 2023 −0.4 pp | Jun 2023 +1.6 pp | Sep 2023 −0.8 pp | Dec 2023 −0.2 pp | Mar 2024 +0.1 pp | Jun 2024 −2.5 pp | Sep 2024 −0.1 pp | Dec 2024 +0.4 pp | Mar 2025 +0.3 pp | Jun 2025 +0.4 pp | Sep 2025 −1.5 pp | Dec 2025 −1.6 pp | Mar 2026 −0.4 pp

## Gross NPA — Leaders & Improvers

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/17 companies · 0 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest

### GNPA change — fastest improvers

### 20-quarter Gross NPA history

### 20-quarter GNPA change history

## Valuation Against Growth & Quality

What the numbers say: Strawberry Fields REIT, Inc. has the lowest comparable P/BV ÷ ROE at 0.35×, 47% below Healthpeak Properties, Inc.. Only 15 of 17 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Strawberry Fields REIT, Inc. · 0.35× | 47% versus #2 · Healthpeak Properties, Inc. | 0/3 recent comparable periods | 15/17 companies · 198 observations

Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

### P/BV ÷ ROE — lowest return-adjusted price
1. Strawberry Fields REIT, Inc. (STRW): 0.4
2. Healthpeak Properties, Inc. (DOC): 0.7
3. LTC Properties, Inc. (LTC): 0.8
4. Omega Healthcare Investors, Inc. (OHI): 0.8
5. Medical Properties Trust, Inc. (MPT): 0.9

### P/BV — lowest P/BV
1. Medical Properties Trust, Inc. (MPT): 0.6
2. Chiron Real Estate Inc. (XRN): 0.9
3. Sila Realty Trust, Inc. (SILA): 1.0
4. Diversified Healthcare Trust (DHC): 1.0
5. Community Healthcare Trust Incorporated (CHCT): 1.1

### 20-quarter P/BV ÷ ROE history
- WELL: Jun 2021 — | Sep 2021 1.9 | Dec 2021 5.5 | Mar 2022 6.1 | Jun 2022 4.1 | Sep 2022 — | Dec 2022 — | Mar 2023 17.4 | Jun 2023 3.9 | Sep 2023 3.2 | Dec 2023 5.0 | Mar 2024 4.0 | Jun 2024 2.2 | Sep 2024 1.5 | Dec 2024 6.3 | Mar 2025 3.7 | Jun 2025 3.2 | Sep 2025 3.9 | Dec 2025 10.2 | Mar 2026 1.7
- VTR: Jun 2021 — | Sep 2021 3.3 | Dec 2021 — | Mar 2022 5.8 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 8.7 | Jun 2023 1.9 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 11.0 | Sep 2024 13.8 | Dec 2024 4.0 | Mar 2025 5.4 | Jun 2025 3.6 | Sep 2025 4.4 | Dec 2025 4.9 | Mar 2026 6.1
- OHI: Jun 2021 — | Sep 2021 0.5 | Dec 2021 2.3 | Mar 2022 0.4 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 1.5 | Mar 2023 2.0 | Jun 2023 1.3 | Sep 2023 0.9 | Dec 2023 1.4 | Mar 2024 1.2 | Jun 2024 0.8 | Sep 2024 0.9 | Dec 2024 0.9 | Mar 2025 0.9 | Jun 2025 0.7 | Sep 2025 0.7 | Dec 2025 0.7 | Mar 2026 0.8
- DOC: Jun 2021 — | Sep 2021 3.4 | Dec 2021 7.5 | Mar 2022 2.9 | Jun 2022 2.2 | Sep 2022 0.4 | Dec 2022 20.6 | Mar 2023 1.0 | Jun 2023 2.1 | Sep 2023 1.6 | Dec 2023 1.6 | Mar 2024 14.9 | Jun 2024 0.9 | Sep 2024 1.7 | Dec 2024 16.9 | Mar 2025 3.5 | Jun 2025 3.8 | Sep 2025 — | Dec 2025 1.1 | Mar 2026 0.7
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 5.0 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 6.3 | Sep 2025 1.2 | Dec 2025 6.6 | Mar 2026 3.2
- CTRE: Jun 2021 — | Sep 2021 1.6 | Dec 2021 1.2 | Mar 2022 — | Jun 2022 0.9 | Sep 2022 21.5 | Dec 2022 1.4 | Mar 2023 1.0 | Jun 2023 — | Sep 2023 2.4 | Dec 2023 0.9 | Mar 2024 0.9 | Jun 2024 2.5 | Sep 2024 1.2 | Dec 2024 0.7 | Mar 2025 0.7 | Jun 2025 0.7 | Sep 2025 0.8 | Dec 2025 0.6 | Mar 2026 0.9
- HR: Jun 2021 — | Sep 2021 — | Dec 2021 4.1 | Mar 2022 1.5 | Jun 2022 7.8 | Sep 2022 2.1 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 4.3 | Mar 2026 —
- SBRA: Jun 2021 — | Sep 2021 3.3 | Dec 2021 — | Mar 2022 0.9 | Jun 2022 1.9 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.3 | Sep 2023 — | Dec 2023 2.0 | Mar 2024 1.4 | Jun 2024 1.6 | Sep 2024 1.5 | Dec 2024 0.9 | Mar 2025 1.0 | Jun 2025 0.7 | Sep 2025 2.1 | Dec 2025 1.7 | Mar 2026 1.2
- NHI: Jun 2021 — | Sep 2021 0.8 | Dec 2021 — | Mar 2022 3.7 | Jun 2022 1.3 | Sep 2022 0.8 | Dec 2022 — | Mar 2023 0.7 | Jun 2023 0.6 | Sep 2023 0.8 | Dec 2023 0.4 | Mar 2024 0.9 | Jun 2024 0.8 | Sep 2024 1.3 | Dec 2024 0.7 | Mar 2025 1.0 | Jun 2025 0.8 | Sep 2025 1.1 | Dec 2025 0.9 | Mar 2026 1.0
- MPT: Jun 2021 — | Sep 2021 0.7 | Dec 2021 0.6 | Mar 2022 0.2 | Jun 2022 0.5 | Sep 2022 0.3 | Dec 2022 — | Mar 2023 1.5 | Jun 2023 — | Sep 2023 0.3 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 1.6 | Mar 2026 0.9
- DHC: Jun 2021 — | Sep 2021 — | Dec 2021 0.0 | Mar 2022 0.0 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- LTC: Jun 2021 — | Sep 2021 1.2 | Dec 2021 1.1 | Mar 2022 1.1 | Jun 2022 0.3 | Sep 2022 1.1 | Dec 2022 0.8 | Mar 2023 0.4 | Jun 2023 2.4 | Sep 2023 0.6 | Dec 2023 0.5 | Mar 2024 0.6 | Jun 2024 0.8 | Sep 2024 0.6 | Dec 2024 0.9 | Mar 2025 0.8 | Jun 2025 1.1 | Sep 2025 — | Dec 2025 0.2 | Mar 2026 0.8
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 2.0 | Dec 2024 2.4 | Mar 2025 10.7 | Jun 2025 9.6 | Sep 2025 5.1 | Dec 2025 — | Mar 2026 3.3
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 0.5 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 1.1 | Mar 2026 0.4
- UHT: Jun 2021 — | Sep 2021 1.5 | Dec 2021 0.1 | Mar 2022 1.3 | Jun 2022 1.2 | Sep 2022 1.0 | Dec 2022 1.2 | Mar 2023 1.6 | Jun 2023 2.0 | Sep 2023 1.6 | Dec 2023 1.7 | Mar 2024 1.0 | Jun 2024 1.1 | Sep 2024 1.8 | Dec 2024 1.2 | Mar 2025 1.3 | Jun 2025 1.3 | Sep 2025 1.4 | Dec 2025 1.4 | Mar 2026 1.2
- CHCT: Jun 2021 — | Sep 2021 2.0 | Dec 2021 2.0 | Mar 2022 1.9 | Jun 2022 1.6 | Sep 2022 1.4 | Dec 2022 1.7 | Mar 2023 — | Jun 2023 1.3 | Sep 2023 2.2 | Dec 2023 1.6 | Mar 2024 2.1 | Jun 2024 — | Sep 2024 3.6 | Dec 2024 2.9 | Mar 2025 3.7 | Jun 2025 — | Sep 2025 2.6 | Dec 2025 0.3 | Mar 2026 1.8
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 2.9

### 20-quarter P/BV history
- WELL: Jun 2021 — | Sep 2021 2.1 | Dec 2021 2.2 | Mar 2022 2.4 | Jun 2022 2.1 | Sep 2022 1.6 | Dec 2022 1.6 | Mar 2023 1.7 | Jun 2023 1.9 | Sep 2023 1.9 | Dec 2023 2.0 | Mar 2024 2.0 | Jun 2024 2.2 | Sep 2024 2.6 | Dec 2024 2.5 | Mar 2025 2.9 | Jun 2025 2.9 | Sep 2025 3.1 | Dec 2025 3.1 | Mar 2026 3.2
- VTR: Jun 2021 — | Sep 2021 2.0 | Dec 2021 1.9 | Mar 2022 2.3 | Jun 2022 2.0 | Sep 2022 1.6 | Dec 2022 1.8 | Mar 2023 1.7 | Jun 2023 1.9 | Sep 2023 1.7 | Dec 2023 2.1 | Mar 2024 1.9 | Jun 2024 2.2 | Sep 2024 2.8 | Dec 2024 2.4 | Mar 2025 2.7 | Jun 2025 2.5 | Sep 2025 2.7 | Dec 2025 2.9 | Mar 2026 3.0
- OHI: Jun 2021 — | Sep 2021 1.8 | Dec 2021 1.8 | Mar 2022 1.9 | Jun 2022 1.8 | Sep 2022 1.9 | Dec 2022 1.8 | Mar 2023 1.8 | Jun 2023 2.0 | Sep 2023 2.2 | Dec 2023 2.1 | Mar 2024 2.2 | Jun 2024 2.3 | Sep 2024 2.6 | Dec 2024 2.3 | Mar 2025 2.3 | Jun 2025 2.2 | Sep 2025 2.5 | Dec 2025 2.5 | Mar 2026 2.5
- DOC: Jun 2021 — | Sep 2021 2.7 | Dec 2021 3.0 | Mar 2022 2.9 | Jun 2022 2.2 | Sep 2022 1.9 | Dec 2022 2.1 | Mar 2023 1.8 | Jun 2023 1.7 | Sep 2023 1.6 | Dec 2023 1.7 | Mar 2024 1.5 | Jun 2024 1.6 | Sep 2024 1.9 | Dec 2024 1.7 | Mar 2025 1.7 | Jun 2025 1.5 | Sep 2025 1.8 | Dec 2025 1.5 | Mar 2026 1.5
- AHR: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 1.0 | Jun 2024 1.0 | Sep 2024 1.8 | Dec 2024 2.0 | Mar 2025 2.1 | Jun 2025 2.5 | Sep 2025 2.7 | Dec 2025 2.6 | Mar 2026 2.6
- CTRE: Jun 2021 — | Sep 2021 2.1 | Dec 2021 2.4 | Mar 2022 2.2 | Jun 2022 2.1 | Sep 2022 2.2 | Dec 2022 2.2 | Mar 2023 2.3 | Jun 2023 2.4 | Sep 2023 2.1 | Dec 2023 2.1 | Mar 2024 2.1 | Jun 2024 2.0 | Sep 2024 2.2 | Dec 2024 1.7 | Mar 2025 1.8 | Jun 2025 1.9 | Sep 2025 1.9 | Dec 2025 2.0 | Mar 2026 2.0
- HR: Jun 2021 — | Sep 2021 2.1 | Dec 2021 3.3 | Mar 2022 2.0 | Jun 2022 0.8 | Sep 2022 1.0 | Dec 2022 1.0 | Mar 2023 1.0 | Jun 2023 1.0 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 0.8 | Jun 2024 1.0 | Sep 2024 1.2 | Dec 2024 1.1 | Mar 2025 1.2 | Jun 2025 1.2 | Sep 2025 1.4 | Dec 2025 1.3 | Mar 2026 1.3
- SBRA: Jun 2021 — | Sep 2021 1.0 | Dec 2021 -8.8 | Mar 2022 1.0 | Jun 2022 1.0 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 1.1 | Dec 2023 1.2 | Mar 2024 1.2 | Jun 2024 1.3 | Sep 2024 1.6 | Dec 2024 1.5 | Mar 2025 1.5 | Jun 2025 1.6 | Sep 2025 1.7 | Dec 2025 1.7 | Mar 2026 1.7
- NHI: Jun 2021 — | Sep 2021 1.6 | Dec 2021 — | Mar 2022 1.8 | Jun 2022 1.9 | Sep 2022 1.9 | Dec 2022 — | Mar 2023 1.8 | Jun 2023 1.8 | Sep 2023 1.8 | Dec 2023 1.9 | Mar 2024 2.2 | Jun 2024 2.4 | Sep 2024 3.0 | Dec 2024 2.3 | Mar 2025 2.4 | Jun 2025 2.2 | Sep 2025 2.6 | Dec 2025 2.4 | Mar 2026 2.6
- MPT: Jun 2021 — | Sep 2021 1.4 | Dec 2021 1.7 | Mar 2022 1.4 | Jun 2022 1.0 | Sep 2022 0.8 | Dec 2022 0.8 | Mar 2023 0.6 | Jun 2023 0.7 | Sep 2023 0.4 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.7 | Dec 2024 0.5 | Mar 2025 0.8 | Jun 2025 0.5 | Sep 2025 0.7 | Dec 2025 0.7 | Mar 2026 0.6
- DHC: Jun 2021 — | Sep 2021 0.4 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.2 | Sep 2022 0.1 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.4 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.5 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 0.5 | Sep 2025 0.6 | Dec 2025 0.7 | Mar 2026 1.0
- LTC: Jun 2021 — | Sep 2021 1.7 | Dec 2021 1.8 | Mar 2022 2.1 | Jun 2022 1.9 | Sep 2022 1.9 | Dec 2022 1.8 | Mar 2023 1.7 | Jun 2023 1.7 | Sep 2023 1.6 | Dec 2023 1.6 | Mar 2024 1.6 | Jun 2024 1.7 | Sep 2024 1.7 | Dec 2024 1.6 | Mar 2025 1.7 | Jun 2025 1.7 | Sep 2025 1.8 | Dec 2025 1.6 | Mar 2026 1.7
- SILA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.8 | Sep 2024 1.0 | Dec 2024 1.0 | Mar 2025 1.1 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 1.0 | Mar 2026 1.0
- STRW: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 7.0 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 14.4 | Mar 2026 13.0
- UHT: Jun 2021 — | Sep 2021 5.0 | Dec 2021 3.5 | Mar 2022 3.4 | Jun 2022 3.1 | Sep 2022 2.6 | Dec 2022 2.9 | Mar 2023 3.0 | Jun 2023 3.0 | Sep 2023 2.7 | Dec 2023 3.0 | Mar 2024 2.6 | Jun 2024 2.8 | Sep 2024 3.5 | Dec 2024 2.9 | Mar 2025 3.3 | Jun 2025 3.4 | Sep 2025 3.4 | Dec 2025 3.6 | Mar 2026 3.8
- CHCT: Jun 2021 — | Sep 2021 2.5 | Dec 2021 2.6 | Mar 2022 2.3 | Jun 2022 1.9 | Sep 2022 1.7 | Dec 2022 1.9 | Mar 2023 1.9 | Jun 2023 1.7 | Sep 2023 1.6 | Dec 2023 1.4 | Mar 2024 1.4 | Jun 2024 1.3 | Sep 2024 1.1 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.1 | Sep 2025 1.0 | Dec 2025 1.1 | Mar 2026 1.1
- XRN: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.9

## Market action

Diversified Healthcare Trust has the strongest one-year price move in REIT - Healthcare Facilities at +182.3%. It also leads on Mansfield relative strength against the S&P 500 at +39.3%. 14 of 17 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. Diversified Healthcare Trust (DHC): 182%
2. American Healthcare REIT, Inc. (AHR): 48%
3. Welltower Inc. (WELL): 47%
4. Ventas, Inc. (VTR): 45%
5. Strawberry Fields REIT, Inc. (STRW): 43%

### Strongest relative strength versus NIFTY 500
1. Diversified Healthcare Trust (DHC): 39%
2. Healthpeak Properties, Inc. (DOC): 17%
3. Welltower Inc. (WELL): 15%
4. Ventas, Inc. (VTR): 14%
5. American Healthcare REIT, Inc. (AHR): 12%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

## Every company
- Welltower Inc. (WELL) — market value ₹1.8 L Cr; latest fundamentals Mar 2026
- Ventas, Inc. (VTR) — market value ₹48.1K Cr; latest fundamentals Mar 2026
- Omega Healthcare Investors, Inc. (OHI) — market value ₹16.1K Cr; latest fundamentals Mar 2026
- Healthpeak Properties, Inc. (DOC) — market value ₹16.0K Cr; latest fundamentals Mar 2026
- American Healthcare REIT, Inc. (AHR) — market value ₹11.2K Cr; latest fundamentals Mar 2026
- CareTrust REIT, Inc. (CTRE) — market value ₹10.1K Cr; latest fundamentals Mar 2026
- Healthcare Realty Trust Incorporated (HR) — market value ₹7.7K Cr; latest fundamentals Mar 2026
- Sabra Health Care REIT, Inc. (SBRA) — market value ₹5.6K Cr; latest fundamentals Mar 2026
- National Health Investors, Inc. (NHI) — market value ₹3.8K Cr; latest fundamentals Mar 2026
- Medical Properties Trust, Inc. (MPT) — market value ₹2.9K Cr; latest fundamentals Mar 2026
- Diversified Healthcare Trust (DHC) — market value ₹2.2K Cr; latest fundamentals Mar 2026
- LTC Properties, Inc. (LTC) — market value ₹2.1K Cr; latest fundamentals Mar 2026
- Sila Realty Trust, Inc. (SILA) — market value ₹1.7K Cr; latest fundamentals Mar 2026
- Strawberry Fields REIT, Inc. (STRW) — market value ₹815 Cr; latest fundamentals Mar 2026
- Universal Health Realty Income Trust (UHT) — market value ₹628 Cr; latest fundamentals Mar 2026
- Community Healthcare Trust Incorporated (CHCT) — market value ₹514 Cr; latest fundamentals Mar 2026
- Chiron Real Estate Inc. (XRN) — market value ₹511 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which REIT - Healthcare Facilities company is the biggest?

Welltower Inc. is the largest, with trailing-twelve-month income of $11,767 million, ahead of Ventas, Inc. at $6,090 million. That covers 17 of 17 companies with comparable reporting through Mar 2026.

### Which REIT - Healthcare Facilities company is growing fastest?

CareTrust REIT, Inc. has the fastest income growth at 58.2% year on year, across 17 of 17 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which REIT - Healthcare Facilities company makes the most profit?

Welltower Inc. earns the most, at $1,457 million of trailing-twelve-month net profit, from 17 of 17 comparable companies. CareTrust REIT, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which REIT - Healthcare Facilities company earns the highest return on capital?

Strawberry Fields REIT, Inc. leads on return on assets at 2.6%, across 17 of 17 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which REIT - Healthcare Facilities stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Strawberry Fields REIT, Inc. screens cheapest at 0.35×. Only 15 of 17 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the REIT - Healthcare Facilities sector beating the market?

REIT - Healthcare Facilities has outperformed S&P 500 by 15.1% over the last 52 weeks and 8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 14 of 17 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which REIT - Healthcare Facilities stock has the strongest price momentum?

Diversified Healthcare Trust has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which REIT - Healthcare Facilities company scores highest for research priority?

Omega Healthcare Investors, Inc. scores 60.8 out of 100 with 79.6% evidence confidence, from 26.2 points on growth and earnings, 17.7 on capital efficiency, 7.5 on valuation and 9.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many REIT - Healthcare Facilities companies does this comparison cover, and over what period?

It compares 17 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the REIT - Healthcare Facilities sector?

The 17 REIT - Healthcare Facilities companies on this page carry $305,119 million of combined market value. Welltower Inc. is the largest at $175,103 million, about 57% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### What is the REIT - Healthcare Facilities sector's P/B ratio?

The median price-to-book ratio across the 17 REIT - Healthcare Facilities companies on this page is 1.7×, measured on the 17 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

### How is the REIT - Healthcare Facilities sector performing?

14 of the 17 covered REIT - Healthcare Facilities companies are beating S&P 500 on Mansfield relative strength. The sector itself is 15.1% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many REIT - Healthcare Facilities stocks are listed in the US?

This comparison covers 17 listed REIT - Healthcare Facilities companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Mar 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/reit-healthcare-facilities