NREF vs WELL: Which Is the Better Dividend Stock?
As of July 2026, NREF and WELL are closely matched. NREF offers the higher yield at 11.83%, WELL has the higher dividend-safety score, and NREF trades at the larger discount to fair value (+136%).
| Metric | NREF | WELL |
|---|---|---|
| Forward yield | 11.83% | 1.22% |
| Annual dividend | $2.00 | $2.96 |
| Payout ratio | 78% | 140% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 7.1% | 0.9% |
| 5-yr total return | -21% | 178% |
| Dividend safety score | 46 (D) | 63 (C) |
| Fair value estimate | $39.94 | $80.94 |
| Upside to fair value | +136% | -67% |
| Frequency | quarterly | quarterly |
| Market cap | $388.1M | $172.8B |
| P/E ratio | 6.6 | 117.7 |
Higher yield
NREF
11.83%
Safer dividend
WELL
Grade C
Faster growth
NREF
7.1%
Better value
NREF
+136% upside
NREF vs WELL — FAQ
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