WELLTOWER FILES 8-K: FINANCIAL RESULTS & 4.800% NOTES DUE 2028

TL;DR

**Welltower just dropped an 8-K with financial results and details on their 4.800% Notes due 2028.**

AI Summary

Welltower Inc. filed an 8-K on February 13, 2024, to report the results of operations and financial condition, along with financial statements and exhibits. The filing specifically mentions its common stock, $1.00 par value per share, traded on the New York Stock Exchange under the symbol WELL, and a guarantee of 4.800% Notes due 2028. This matters to investors because it provides updated financial information, which is crucial for evaluating the company's current health and future prospects, especially regarding its debt obligations and stock performance.

Why It Matters

This filing provides investors with the latest financial performance data and details on its debt, which are key indicators for assessing the company's stability and potential for returns.

Risk Assessment

Risk Level: low — This 8-K is a routine filing for financial results and does not indicate any immediate new risks, but rather provides transparency.

Analyst Insight

A smart investor would review the full financial statements and results mentioned in the filing to understand the company's performance and assess the implications for its common stock and debt obligations.

Key Numbers

• 4.800% — Interest Rate (Interest rate on Notes due 2028)
• 2028 — Maturity Year (Maturity year for the 4.800% Notes)
• $1.00 — Par Value (Par value per share of common stock)

Key Players & Entities

• Welltower Inc. (company) — registrant filing the 8-K
• New York Stock Exchange (company) — exchange where Welltower's common stock is registered
• $1.00 (dollar_amount) — par value per share of common stock
• February 13, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Welltower's stock (WELL) will likely see increased trading volume as investors digest the financial results. (WELL) — medium confidence, target: 2024-02-14
• Analysts will update their price targets for WELL based on the reported financial condition. (WELL) — high confidence, target: 2024-02-20

FAQ

From the Filing

0000766704-24-000004.txt : 20240213 0000766704-24-000004.hdr.sgml : 20240213 20240213160750 ACCESSION NUMBER: 0000766704-24-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240213 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLTOWER INC. CENTRAL INDEX KEY: 0000766704 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 341096634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08923 FILM NUMBER: 24625841 BUSINESS ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 BUSINESS PHONE: 419-247-2800 MAIL ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH CARE REIT INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 well-20240213.htm 8-K well-20240213 0000766704 false 0000766704 2024-02-13 2024-02-13 0000766704 us-gaap:CommonStockMember 2024-02-13 2024-02-13 0000766704 well:NotesDue20284.800Member 2024-02-13 2024-02-13 0000766704 well:NotesDue20344.500Member 2024-02-13 2024-02-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 13, 2024 Welltower Inc. (Exact name of registrant as specified in its charter) Delaware 1-8923 34-1096634 (State or other jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 4500 Dorr Street,   Toledo, Ohio 43615 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 419 ) 247-2800 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $1.00 par value per share WELL New York Stock Exchange Guarantee of 4.800% Notes due 2028 issued by Welltower OP LLC WELL/28 New York Stock Exchange Guarantee of 4.500% Notes due 2034 issued by Welltower OP LLC WELL/34 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company              ☐     If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02  Results of Operations and Financial Condition. On February 13, 2024 , Welltower Inc. (the “Company”) issued a press release that announced operating results for its fourth quarter ended December 31, 2023.&#1