NREF vs WELL: Which Is the Better Dividend Stock?
As of Oct 27, 2026, NREF and WELL are closely matched. NREF offers the higher yield at 12.99%, WELL has the higher dividend-safety score, and NREF looks like the better value (its fair-value estimate is 167% above its share price).
Key facts: NREF vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NexPoint Real Estate Finance, Inc. (NREF) has the higher forward dividend yield at 12.99%, versus 1.41% for Welltower Inc. (WELL).
- As of Oct 27, 2026, SmarterDividends grades NREF's dividend safety D (46/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 27, 2026, NREF has raised its dividend for 0 consecutive years and WELL for 2.
- As of Oct 27, 2026, NREF pays out 87% of its earnings as dividends and WELL pays out 133%.
- As of Oct 27, 2026, NREF's fair-value estimate is 167% above its share price and WELL's fair-value estimate is 60% below its share price, so NREF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NREF vs WELL: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/nref-vs-well
| Metric | NREF | WELL |
|---|---|---|
| Forward yield | 12.99% | 1.41% |
| Annual dividend | $2.00 | $3.40 |
| Payout ratio | 87% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 7.1% | 0.9% |
| 5-yr total return | -26% | 198% |
| Dividend safety score | 46 (D) | 66 (B) |
| Fair value estimate | $41.19 | $96.91 |
| Upside to fair value | +167% | -60% |
| Frequency | quarterly | quarterly |
| Market cap | $354.7M | $173.4B |
| P/E ratio | 6.7 | 107.9 |
Higher yield
NREF
12.99%
Safer dividend
WELL
Grade B
Faster growth
NREF
7.1%
Better value
NREF
+167% upside
NREF vs WELL — FAQ
Is NREF or WELL a better dividend stock?
NREF and WELL are closely matched. NREF has the higher yield; WELL scores better on safety.
Which has a higher dividend yield, NREF or WELL?
NREF has the higher forward dividend yield at 12.99%, versus 1.41% for WELL.
Is NREF or WELL safer?
WELL has the higher dividend-safety score (66/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is NREF or WELL better value right now?
As of Oct 27, 2026, NREF looks like the better value: its fair-value estimate is 167% above its share price (undervalued). For WELL, its fair-value estimate is 60% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.