First, like all REITs, Welltower has a lot of
debt on an absolute basis.
Not exact matches
Yields
on U.S. government bonds are already some of the highest in the sovereign
debt markets and are attractive to non-U.S. buyers
on an
absolute and relative
basis.
Again if you plot risk as a % cost of capital
on the y axis and
on the x axis the increasing
debt weight,
on a
absolute basis risk is lowest @ 100 % equity.