Welltower Inc. Files Q3 2024 10-Q Report
Ticker: WELL · Form: 10-Q · Filed: 2024-10-29T00:00:00.000Z
Sentiment: neutral
Topics: real-estate, REIT, financials, 10-Q
TL;DR
**WELL Q3 2024 10-Q FILED** - Financials and operations update for period ending Sept 30.
AI Summary
Welltower Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Health Care REIT Inc., reported financial results for the third quarter of 2024. Key financial data and operational details are provided in this filing, which covers the period from January 1, 2024, to September 30, 2024.
Why It Matters
This filing provides investors with a detailed look at Welltower's financial performance and operational status for the third quarter of 2024, crucial for understanding the real estate investment trust's health and future prospects.
Risk Assessment
Risk Level: medium — As a real estate investment trust, Welltower is subject to market fluctuations, interest rate changes, and tenant-specific risks that can impact its financial performance.
Key Numbers
- 20240930 — Period End Date (The 10-Q filing covers financial data up to this date.)
- 2024-01-01 — Period Start Date (The 10-Q filing covers financial data from this date.)
Key Players & Entities
- WELLTOWER INC. (company) — Filer of the 10-Q report.
- HEALTH CARE REIT INC /DE/ (company) — Former name of Welltower Inc.
- 20240930 (date) — Period of report for the 10-Q filing.
- 4500 DORR STREET (location) — Street address for Welltower Inc.'s business and mailing.
- TOLEDO (location) — City for Welltower Inc.'s business and mailing.
- OH (location) — State for Welltower Inc.'s business and mailing.
- 43615 (location) — ZIP code for Welltower Inc.'s business and mailing.
FAQ
What is the primary business of Welltower Inc.?
Welltower Inc. is a real estate investment trust (REIT) operating in the real estate and construction sector, as indicated by its Standard Industrial Classification code [6798].
When was Welltower Inc. formerly known as Health Care REIT Inc.?
The company changed its name from Health Care REIT Inc. /DE/ on July 3, 1992.
What is the fiscal year end for Welltower Inc.?
Welltower Inc.'s fiscal year ends on December 31.
What is the filing date of this 10-Q report?
This 10-Q report was filed on October 29, 2024.
What is the SEC file number for Welltower Inc.?
The SEC file number for Welltower Inc. is 001-08923.
From the Filing
0000766704-24-000039.txt : 20241029 0000766704-24-000039.hdr.sgml : 20241029 20241029073004 ACCESSION NUMBER: 0000766704-24-000039 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241029 DATE AS OF CHANGE: 20241029 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: 241402691 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-20240930.htm 10-Q well-20240930 0000766704 false 2024 Q3 December 31 P1Y http://www.welltower.com/20240930#LeaseRightOfUseAsset http://www.welltower.com/20240930#LeaseRightOfUseAsset http://www.welltower.com/20240930#LeaseRightOfUseAsset http://www.welltower.com/20240930#LeaseRightOfUseAsset http://www.welltower.com/20240930#ReceivablesAndOtherAssets http://www.welltower.com/20240930#ReceivablesAndOtherAssets http://www.welltower.com/20240930#LeaseLiability http://www.welltower.com/20240930#LeaseLiability http://www.welltower.com/20240930#LeaseLiability http://www.welltower.com/20240930#LeaseLiability 0.0078177 P3Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure well:joint_venture well:property well:lease well:project well:loan well:properties well:partner well:bank iso4217:CAD well:Term well:term iso4217:GBP well:day well:obligation well:segment 0000766704 2024-01-01 2024-09-30 0000766704 us-gaap:CommonStockMember 2024-01-01 2024-09-30 0000766704 well:GuaranteeNotesDue20284800Member 2024-01-01 2024-09-30 0000766704 well:GuaranteeNotesDue20344500Member 2024-01-01 2024-09-30 0000766704 2024-10-25 0000766704 2024-09-30 0000766704 2023-12-31 0000766704 2024-07-01 2024-09-30 0000766704 2023-07-01 2023-09-30 0000766704 2023-01-01 2023-09-30 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 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 2024-03-31 0000766704 us-gaap:RetainedEarningsUnappropriatedMember 2024-04-01 2024-06-30 0000766704 us-gaap:NoncontrollingInterestMember 2024-04-01 2024-06-30 0000766704 2024-04-01 2024-06-30 0000766704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000766704 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0000766704 us-gaap:CommonStockMember 2024-04-01 20