Welltower strategically dissolved its Revera joint venture, acquiring the remaining interests in 110 properties while selling interests in 31 properties to Revera. This move aims to streamline operations and enhance management control.

Welltower invested $5,716,098 (in thousands) in new properties, including Seniors Housing Operating, Triple-net, and Outpatient Medical, demonstrating a commitment to strategic portfolio expansion. This investment activity is crucial for long-term growth.

Welltower utilized its ATM Program, issuing 70,419,530 shares of common stock and generating gross proceeds of approximately $7,452,108 (in thousands). This capital-raising activity supports Welltower's investment and operational strategies.

Welltower successfully transitioned 89 Atria Senior Living properties to other operators, demonstrating proactive management and adaptability in portfolio management. This transition is crucial for maintaining portfolio quality and performance.

Welltower has demonstrated a strong commitment to sustainability, achieving an MSCI ESG rating of AA. This recognition highlights the company's efforts to integrate environmental, social, and governance factors into its business practices.

Welltower has made significant investments in career-pathing tools and workforce planning systems, indicating a commitment to strategic growth. These initiatives enable the company to strategically scale its organization and its people capabilities, while aligning individual goals with broader business objectives.

Macroeconomic and geopolitical developments, including economic downturns, elevated inflation and interest rates, and political or social conflict, pose significant risks to Welltower's operations. These factors can amplify existing risks and create new challenges for the company.

The healthcare industry is subject to extensive regulation, and changes to these regulations or compliance requirements could adversely affect Welltower's obligors. This risk factor highlights the potential impact of external regulatory changes on the company's financial stability.

Cybersecurity incidents, including unauthorized access and ransomware attacks, pose a growing threat to Welltower's operations and data security. These incidents could disrupt the company's business and result in the loss of confidential information and legal liability.

Welltower faces competition from other REITs, real estate partnerships, private equity and hedge fund investors, banks, insurance companies, and other investors in the acquisition, development, leasing, and financing of healthcare and seniors housing properties. This intense competition could affect Welltower's ability to secure favorable investment opportunities.

The operators/tenants of Welltower's properties compete with properties that provide comparable services in the local markets, based on factors including quality of care, reputation, physical appearance of properties, location, services offered, family preferences, physicians, staff and price. This competition affects the ability of Welltower's tenants to maintain occupancy and revenue.

Welltower's ability to successfully compete is impacted by economic and demographic trends, availability of acceptable investment opportunities, the ability to negotiate beneficial investment terms, availability and cost of capital, construction and renovation costs and applicable laws and regulations. These factors influence Welltower's competitive positioning in the market.

Property operating expenses increased by 24% in the Seniors Housing Operating segment, indicating potential challenges in controlling costs. This increase may affect the segment's profitability and overall operational efficiency.

Welltower has transitioned to a four-day in-office workweek to foster collaboration, while continuing to support a geographically dispersed workforce. This initiative aims to enhance team efficiency and productivity.

Welltower has streamlined its performance management practices, creating more rigorous connections between performance and compensation. This approach fosters a culture of rewards and recognition, driving accountability and high performance.

Welltower is investing in technology to help its team operate efficiently while servicing a larger workforce. Investments include standardizing policies and procedures, growing the internal Human Capital team and providing development opportunities for Human Capital professionals.

Welltower launched an industry-first, AI-based manager development program, offering managers real-world, situational training in a safe simulated environment to make mistakes, learn and grow. This program strengthens leadership decision-making and fosters a culture of continuous improvement.

Welltower has identified its approach to artificial intelligence (AI) as a risk factor, indicating that its business is exposed to risks associated with AI. Recent developments in AI, such as generative or agentic AI, may accelerate or exacerbate these effects, and industry trends and consumer expectations may influence the pace at which AI solutions are used in Welltower's business operations.

Welltower allocated $1,685,446 (in thousands) to non-acquisition capital improvement activities, including new development, recurring capital expenditures, tenant improvements, and lease commissions, demonstrating a commitment to enhancing its existing properties.

Welltower allocated $7,452,108 (in thousands) to proceeds from ATM Program, demonstrating a strategic approach to capital allocation. This allocation reflects Welltower's financial management and investment priorities.

Welltower has a $3,000,000 (in thousands) share repurchase program in place, indicating a commitment to returning value to shareholders. This program provides flexibility in managing capital and enhancing shareholder returns.

Welltower achieved a MSCI ESG rating of AA, demonstrating strong performance in environmental, social, and governance practices. This rating reflects Welltower's commitment to sustainability and responsible business operations.

Welltower is recognized as an ENERGY STAR Partner of the Year for the sixth consecutive year and maintained the level of Sustained Excellence, the EPA's highest recognition within the ENERGY STAR program, for the fourth consecutive year, indicating a long-term commitment to energy efficiency and environmental stewardship.

Welltower is committed to diversity and inclusion in the workplace, supporting seven employee network groups and conducting organizational effectiveness surveys. These efforts support the company's ability to compete for and foster talent in an ever-changing workforce.

Welltower operates in major, high-growth markets in the U.S., Canada, and the U.K., indicating a strategic focus on areas with strong demographic and economic potential. This geographic concentration is crucial for long-term growth and stability.

Welltower is exposed to risks from macroeconomic and geopolitical developments, including economic downturns, elevated inflation and interest rates, and political or social conflict. These factors can impact the company's financial performance and stability.

Welltower faces evolving data privacy and security laws, including HIPAA and U.S. state privacy laws, which may add potential uncertainty and costs towards compliance obligations, business operations or transactions that depend on data. These evolving privacy laws may create restrictions or requirements in our, our operators' and other business partners' use, sharing and retention of data.