Bearish
$WELL forward (1-year) FFO multiple is still at a lofty 20.1x versus its 15-year mean/median of 15.0x/14.9x and just shy of its 15-year peak of 22.19x set on Oct. 21st, 2019. WELL has further to drop before its valuation is more in line with peers where the healthcare reit peer group average forward (1-year) FFO multiple is 16.2x