Welltower Inc. is a real estate investment trust (REIT) specializing in senior living and healthcare properties. The company has a long history, dating back to 1970 when it was founded as Health Care Property Investors, Inc. It has since undergone several name changes, with the current name, Welltower Inc., adopted in 2015 to reflect its focus on health and wellness in its real estate portfolio.
Welltower Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "WELL." It is also a component of various stock market indices, including the S&P 500 and the MSCI US REIT Index, which includes a broad selection of real estate investment trusts in the United States.
Welltower's primary business revolves around owning, acquiring, and managing senior living communities, post-acute care facilities, and outpatient medical properties across the United States, Canada, and the United Kingdom. The company's properties cater to the needs of aging populations, providing a wide range of healthcare services, including assisted living, memory care, skilled nursing, and medical office space for healthcare providers.
As a real estate investment trust, Welltower operates under a tax-efficient structure, where it is required to distribute a significant portion of its taxable income to shareholders in the form of dividends. This structure allows investors to participate in the income generated from the properties held by the company.
The company's focus on senior living and healthcare properties positions it as a key player in the rapidly growing healthcare real estate sector. With the aging population and increasing demand for quality healthcare services, Welltower plays a vital role in providing essential infrastructure for senior care and healthcare providers, while also offering investors an opportunity to participate in the healthcare real estate market's potential for long-term growth.