Welltower Inc.

Welltower Inc. (NYSE: WELL) is a real estate investment trust (REIT) focused on residential wellness and healthcare infrastructure across the United States, United Kingdom, and Canada. As of June 30, 2025, the company’s portfolio included 2,217 properties comprising seniors housing operating, seniors housing triple-net, outpatient medical, and long-term/post-acute care assets. The portfolio spans 128,739 seniors housing operating units, 19,999 seniors housing triple-net units, 21.9 million square feet of outpatient medical space, and 40,758 long-term/post-acute care beds. Welltower’s seniors housing operating segment is the largest component of its portfolio, accounting for 58.9% of annualized in-place net operating income (NOI), followed by outpatient medical at 16.1%, long-term/post-acute care at 14.9%, and seniors housing triple-net at 10.1%. Geographically, 83.3% of Welltower’s in-place NOI is derived from U.S. assets, with the remaining 16.7% split between the United Kingdom and Canada. The company’s largest metropolitan exposures include Los Angeles, New York/New Jersey, Dallas, Greater London, and Washington, D.C. Welltower partners with a diverse group of operators, including Cogir Management Corporation, Sunrise Senior Living, Oakmont Management Group, and Care UK.