WELLTOWER INC.
Ticker: WELLReal EstateREITsS&P 500The business
Welltower Inc. (NYSE: WELL) operates as a real estate investment trust positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. The company maintains a portfolio of over 2,500 seniors and wellness housing communities designed at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. More information is available at www.welltower.com.
The company operates through three reportable segments. Seniors Housing Operating, which accounts for 78 percent of total revenues, includes wellness housing, independent living, continuing care retirement communities, assisted living, Alzheimer's and dementia care facilities, and care homes with or without nursing in the United Kingdom. Triple-net properties, representing 11 percent of revenues, are primarily leased to operators under long-term master leases with fixed contractual terms of 10 to 20 years, covering independent living, assisted living, continuing care retirement communities, Alzheimer's and dementia care, care homes, and long-term post-acute care facilities. The Outpatient Medical segment comprises 7 percent of revenues and consists primarily of triple-net leased properties to investment-grade healthcare providers, with approximately 91 percent affiliated with health systems.
Welltower employs 712 people across its operations, with 642 located in the United States, 49 in the United Kingdom, and 21 in Canada. The company structures itself as an umbrella partnership REIT, with substantially all business conducted through Welltower OP LLC, which Welltower Inc. controls with an approximate 98.378 percent ownership interest as of December 31, 2025.
The company deploys capital through acquisitions, developments, and joint venture partnerships, supported by a proprietary data science platform and the Welltower Business System, an end-to-end operating platform providing standardized data, technology, and operating practices across its seniors housing operating partner network. As of December 31, 2025, Welltower had outstanding construction investments of approximately $739 million and outstanding loans of approximately $2.08 billion with an interest yield of approximately 8.9 percent annually. The company maintains investments in unconsolidated entities valued at approximately $1.81 billion.
- Sector
- Real Estate
- Industry
- REITs
- HQ
- TOLEDO, OH
- FY end
- 12-31
- CIK
- 766704
- SIC
- 6798
Ownership
Who holds WELLTOWER INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30
Top fund holders
| Fund | % of fund | Value |
|---|---|---|
| VANGUARD REAL ESTATE INDEX FUND VNQ · VANGUARD SPECIALIZED FUNDS | 7.84% | $5.48B |
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI · VANGUARD INDEX FUNDS | 0.22% | $5.09B |
| VANGUARD 500 INDEX FUND VOO · VANGUARD INDEX FUNDS | 0.25% | $4.15B |
| Washington Mutual Investors Fund AWSHX | 1.71% | $3.67B |
| iShares Core S&P 500 ETF IVV · iShares Trust | 0.25% | $2.20B |
Bonds held by funds
Funds report holding 19 issues of WELLTOWER INC.'s debt, $2.32B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.70%, maturing 2027–2048.
| Issue | Coupon | Matures | Funds | Fund-held |
|---|---|---|---|---|
| Welltower OP, LLC, Convertible | 3.125% | 2029-07-15 | 51 | $545.26M |
| WELL 5.125 07/01/35 | 5.125% | 2035-07-01 | 72 | $285.70M |
| WELL 4.5 07/01/30 | 4.500% | 2030-07-01 | 74 | $275.87M |
| WELL 2.75 05/15/28 | 2.750% | 2028-05-15 | 38 | $210.15M |
| WELL 3.1 01/15/30 | 3.100% | 2030-01-15 | 62 | $165.15M |
| Welltower OP LLC | 2.750% | 2031-01-15 | 58 | $142.58M |
| Welltower OP LLC | 4.250% | 2028-04-15 | 52 | $104.04M |
| Welltower OP LLC | 4.130% | 2029-03-15 | 53 | $102.01M |
| Welltower OP LLC | 3.850% | 2032-06-15 | 42 | $77.64M |
| Welltower OP LLC | 2.750% | 2032-01-15 | 44 | $76.68M |
The 10 largest by fund-held value, of 19.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
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