Welltower Inc. Q1 2024 Update: Lease Assets & Debt Detailed
Ticker: WELL · Form: 10-Q · Filed: 2024-04-30T00:00:00.000Z
Sentiment: neutral
Topics: real-estate, REIT, financials, debt
TL;DR
Welltower Q1 2024: Lease assets/liabilities detailed, debt notes like 2028/2034 highlighted.
AI Summary
Welltower Inc. reported its first quarter 2024 results, ending March 31, 2024. The company's financial statements include details on lease right-of-use assets and liabilities, as well as receivables and other assets. Specific debt instruments like Guarantee Notes due 2028 and 2034 are also detailed.
Why It Matters
This filing provides insight into Welltower's asset base and financial obligations, crucial for understanding its stability and future growth potential in the real estate investment trust sector.
Risk Assessment
Risk Level: medium — The filing details significant lease liabilities and debt instruments, which carry inherent financial risks.
Key Numbers
- 2024-03-31 — Report Date (End of the first quarter of 2024)
- 2023-12-31 — Prior Year End (End of the fiscal year 2023)
- 2023-01-01 to 2023-03-31 — Prior Year Q1 Period (First quarter of 2023)
Key Players & Entities
- WELLTOWER INC. (company) — Filer
- 20240331 (date) — Period of Report
- 20240430 (date) — Filed as of Date
- 4500 DORR STREET (address) — Business and Mail Address
- TOLEDO (city) — Business and Mail City
- OH (state) — Business and Mail State
- 43615 (zip_code) — Business and Mail Zip
- HEALTH CARE REIT INC /DE/ (company) — Former Company Name
- 19920703 (date) — Date of Name Change
- well:GuaranteeNotesDue20284800Member (debt_instrument) — Specific Debt Mentioned
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240331, indicating the first quarter of 2024 ending March 31, 2024.
What is Welltower Inc.'s primary business classification?
Welltower Inc. is classified under Standard Industrial Classification: REAL ESTATE INVESTMENT TRUSTS [6798].
What specific debt instruments are mentioned in the filing?
The filing mentions well:GuaranteeNotesDue20284800Member and well:GuaranteeNotesDue20344500Member.
What is the company's physical address?
The company's business and mail address is 4500 DORR STREET, TOLEDO, OH 43615.
When did the company change its name from Health Care REIT Inc.?
The company changed its name from HEALTH CARE REIT INC /DE/ on 19920703.
From the Filing
0000766704-24-000022.txt : 20240430 0000766704-24-000022.hdr.sgml : 20240430 20240430071822 ACCESSION NUMBER: 0000766704-24-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 108 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-08923 FILM NUMBER: 24894031 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 10-Q 1 well-20240331.htm 10-Q well-20240331 0000766704 false 2024 Q1 December 31 P1Y http://www.welltower.com/20240331#LeaseRightOfUseAsset http://www.welltower.com/20240331#LeaseRightOfUseAsset http://www.welltower.com/20240331#LeaseRightOfUseAsset http://www.welltower.com/20240331#LeaseRightOfUseAsset http://www.welltower.com/20240331#ReceivablesAndOtherAssets http://www.welltower.com/20240331#ReceivablesAndOtherAssets http://www.welltower.com/20240331#LeaseLiability http://www.welltower.com/20240331#LeaseLiability http://www.welltower.com/20240331#LeaseLiability http://www.welltower.com/20240331#LeaseLiability P3Y 0000766704 2024-01-01 2024-03-31 0000766704 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000766704 well:GuaranteeNotesDue20284800Member 2024-01-01 2024-03-31 0000766704 well:GuaranteeNotesDue20344500Member 2024-01-01 2024-03-31 0000766704 2024-04-26 xbrli:shares 0000766704 2024-03-31 iso4217:USD 0000766704 2023-12-31 0000766704 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0000766704 us-gaap:CommonStockMember 2023-12-31 0000766704 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000766704 us-gaap:TreasuryStockCommonMember 2023-12-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2023-12-31 0000766704 well:AccumulatedDistributionsMember 2023-12-31 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000766704 us-gaap:NoncontrollingInterestMember 2023-12-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2024-01-01 2024-03-31 0000766704 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000766704 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000766704 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000766704 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000766704 well:AccumulatedDistributionsMember 2024-01-01 2024-03-31 0000766704 us-gaap:CommonStockMember 2024-03-31 0000766704 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000766704 us-gaap:TreasuryStockCommonMember 2024-03-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2024-03-31 0000766704 well:AccumulatedDistributionsMember 2024-03-31 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000766704 us-gaap:NoncontrollingInterestMember 2024-03-31 0000766704 us-gaap:CommonStockMember 2022-12-31 0000766704 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000766704 us-gaap:TreasuryStockCommonMember 2022-12-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2022-12-31 0000766704 well:AccumulatedDistributionsMember 2022-12-31 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000766704 us-gaap:NoncontrollingInterestMember 2022-12-31 0000766704 2022-12-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2023-01-01 2023-03-31 0000766704 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000766704 us-gaap:AdditionalPaidInCapitalM