Welltower Inc SEC Filings

Welltower Inc. reported strong fourth quarter and full-year 2025 results, highlighting rapid growth in seniors housing and an active capital recycling program. For Q4 2025, net income attributable to common stockholders was $0.14 per diluted share, while normalized FFO reached $1.45 per diluted share, up 28.3% year over year. Same store NOI grew 15.0%, led by 20.4% growth in the Seniors Housing Operating portfolio, supported by 9.6% organic same store revenue growth and higher occupancy and pricing.

For 2025, net income attributable to common stockholders was $1.39 per diluted share and normalized FFO was $5.29 per diluted share, an increase of 22.5% over 2024. The company completed $11 billion of pro rata net investments, focused on seniors housing in the U.S. and U.K., and executed $8.2 billion of dispositions, including a large outpatient medical portfolio. Net debt to Adjusted EBITDA was 3.03x as of December 31, 2025, with approximately $10.2 billion of liquidity.

The Board approved a 10.4% increase in the quarterly dividend to $0.74 per share. For 2026, Welltower expects net income attributable to common stockholders of $3.11 to $3.27 per diluted share and normalized FFO of $6.09 to $6.25, based on blended same store NOI growth of 11.25% to 15.75% and continued portfolio optimization.

Welltower Inc. insider filing: Senior Vice President and Chief Accounting Officer Joshua Fieweger reported a routine share withholding related to equity compensation. On 01/15/2026, 124 shares of Welltower common stock were withheld at a price of $188.18 per share. These shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations, rather than being sold in the open market. After this transaction, Fieweger beneficially owned 21,269 shares of Welltower common stock in direct form.

Cohen & Steers, Inc., together with its investment adviser subsidiaries, reports beneficial ownership of 33,804,723 shares of Welltower, Inc. common stock, representing 4.93% of the class. Cohen & Steers, Inc. has sole voting power over 27,430,007 of these shares and sole dispositive power over all 33,804,723 shares, with no shared voting or dispositive power.

The shares are held by Cohen & Steers Capital Management, Inc., Cohen & Steers UK Limited, Cohen & Steers Asia Limited, and Cohen & Steers Ireland Limited for the benefit of their respective account holders, who are entitled to dividends and sale proceeds. The group certifies that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Welltower.

Welltower Inc. director Dennis G. Lopez reported an equity award in the form of deferred stock units tied to the company’s common stock. On 12/31/2025, he acquired 57 units at a price of $0 under the Welltower Inc. Amended and Restated 2022 Long-Term Incentive Plan, increasing his beneficial ownership to 16,674.57 shares of common stock held directly.

The deferred stock units were granted without cash consideration and are scheduled to vest on February 28, 2026, provided he continues to serve through that date. Upon vesting, each unit will be settled in shares of Welltower Inc. common stock, effectively converting this award into additional share ownership at that time.

Welltower Inc. director equity awards reported

A Welltower Inc. director reported receiving equity-based awards dated 12/31/2025. The filing shows an award of 49 LTIP Units in Welltower OP LLC, granted without cash consideration and intended to qualify as profits interests for U.S. federal income tax purposes. These LTIP Units are scheduled to vest on February 28, 2026, if the director continues in service on that date.

Once vested and after certain tax allocation conditions are met, the LTIP Units can be converted into OP Units, which may then be exchanged for Welltower common shares or the cash value of those shares. To reserve common shares for any future exchanges, the director also received 49 Other Stock Units under the company’s 2022 Long-Term Incentive Plan, which can be used only in connection with OP Unit exchanges and are canceled if unused.

Welltower Inc. executive Timothy McHugh, Co-President and CFO, reported an insider transaction in the company's common stock. On 12/16/2025, a transaction coded "G" involved 500 shares at a reported price of $0, after which he directly held 23,398 common shares.

The filing also lists 26 common shares held indirectly by children who share his household and states that he disclaims beneficial ownership of those shares.

Welltower Inc. (WELL) reported an insider stock purchase by its Chief Legal Officer, Matthew McQueen. On 11/28/2025, he acquired 71 shares of Welltower common stock through the company’s Employee Stock Purchase Plan, at a price of $131.94 per share. This type of plan lets eligible employees buy company stock, often at a discount under preset terms.

After this transaction, McQueen beneficially owned 27,422 Welltower shares in total, held directly. The filing notes that the acquisition under the employee plan was exempt from certain short-swing profit rules under Rule 16b-3(c) and Rule 16b-3(d). The shares were purchased at 85% of the closing stock price on June 2, 2025, which was the first trading day of the ESPP offering period.

Welltower Inc. (WELL) senior officer reports ESPP share purchases. SVP and Chief Accounting Officer Joshua Fieweger filed a Form 4 disclosing acquisitions of Welltower common stock under the company’s Employee Stock Purchase Plan.

On 05/30/2025, he acquired 124 common shares at $113.93 per share, bringing his directly held position to 21,340 shares. On 11/28/2025, he reported an additional 53-share transaction at $131.94 per share, after which he held 21,393 shares directly.

The filing notes these common shares were purchased through the ESPP at 85% of the closing stock price on the first trading day of each offering period, and the transactions are described as exempt under Rule 16b-3(c) and Rule 16b-3(d).

Welltower Inc. reported an insider share purchase by its Co‑President and CFO, Timothy McHugh. On 11/28/2025, he acquired 53 shares of Welltower common stock under the company’s Employee Stock Purchase Plan at a price of $131.94 per share. The filing notes this transaction is exempt under Rules 16b‑3(c) and 16b‑3(d), which cover certain employee benefit and issuer‑approved transactions.

Following this purchase, McHugh beneficially owns 23,898 common shares directly. The filing also reports 26 additional shares held indirectly by his children, for which he disclaims beneficial ownership, indicating these are reported for transparency but should not be viewed as his ownership for other Section 16 purposes.

Welltower Inc. executive reports small stock purchase under employee plan

Welltower Inc. Co-President and CIO Nikhil Chaudhri reported acquiring 31 shares of Welltower common stock on 11/28/2025 through the company’s Employee Stock Purchase Plan. The filing states the purchase price was $131.94 per share, determined as 85% of the closing stock price on June 2, 2025, the first trading day of the offering period. After this transaction, Chaudhri beneficially owns 449 shares of Welltower common stock held directly. The transaction is reported as exempt under Rule 16b-3(c) and Rule 16b-3(d), which generally cover certain employee benefit and compensatory arrangements.