Welltower Inc. is an S&P 500 company that drives the transformation of healthcare infrastructure. They invest in seniors housing, post-acute care, and outpatient medical properties, primarily in the U.S., Canada, and the U.K. The company's core business model involves funding real estate and infrastructure to support innovative care delivery models, focusing on improving wellness and overall health care experiences. Welltower seeks to diversify its investment portfolio by property type, relationship, and geographic location.

• Employees: 533 (as of December 31, 2023)
• Geographic Footprint: United States, Canada, United Kingdom
• Headquarters: Toledo, Ohio
• Founded: Old Welltower formed in February 2022
• Number of locations/facilities: 1,901
• Revenue: $5.28 billion (FY2023)
• Market Capitalization: $41.13 billion (as of the second fiscal quarter)
• Key Subsidiaries/Brands: Welltower OP LLC

• CEO: Shankh Mitra
• CFO: Timothy G. McHugh
• Board Chair: Kenneth J. Bacon

• Annual Revenue: $5.28 billion (FY2023)
• Net Income: $358.1 million (FY2023)
• Market Cap: $41.13 billion (as of the second fiscal quarter)
• Total Assets: $44.01 billion (as of December 31, 2023)
• Employees: 533 (as of December 31, 2023)
• Key Financial Highlights: Revenue increased by 12% year-over-year, NOI increased by 17% year-over-year

• Seniors Housing Operating: Includes seniors apartments, independent living, assisted living, Alzheimer's/dementia care, and care homes.
• Triple-net: Properties include independent living, assisted living, continuing care retirement communities, and long-term/post-acute care facilities.
• Outpatient Medical: Includes physician offices, ambulatory surgery centers, diagnostic facilities, and outpatient services and labs.

• Seniors Housing Operating: 72% of total revenues (FY2023)
• Triple-net: 16% of total revenues (FY2023)
• Outpatient Medical: 11% of total revenues (FY2023)

Welltower's strategy focuses on protecting stockholder capital and enhancing stockholder value. Key initiatives include diversifying the investment portfolio by property type, relationship, and geographic location, paying consistent cash dividends, and creating opportunities to increase dividend payments through annual increases in net operating income and portfolio growth. The company seeks to connect partners across the continuum of care and drive efficiency through acquisitions, developments, and joint venture partnerships.

• Primary Industry: Healthcare Real Estate
• Market Trends: Growing demand for outpatient medical services, an aging global population, and the need for innovative care delivery models.
• Key Competitors: Other real estate investment trusts, real estate partnerships, private equity and hedge fund investors, banks, insurance companies, and health care operators.

• Market Risks: Competition for investments, changes in demand for health care and seniors housing, and economic and demographic trends.
• Operational Risks: Reliance on operators and tenants, potential for operator/tenant insolvency, and the impact of severe weather conditions or health emergencies.
• Financial Risks: Changes in interest rates, limitations on access to capital, and the ability to maintain REIT status.
• Regulatory Risks: Compliance with healthcare regulations, licensure and certification laws, and changes in reimbursement programs.