On October 28, 2025, Welltower entered into an equity distribution agreement with Welltower OP LLC and multiple sales agents to offer and sell shares of common stock from time to time with an aggregate sales price of up to $7,500,000,000.

1. 01

   On October 28, 2025, Welltower entered into an equity distribution agreement with Welltower OP LLC and multiple sales agents to offer and sell shares of common stock from time to time with an aggregate sales price of up to $7,500,000,000.

2. 02

   Welltower said it terminated its prior equity distribution agreement dated March 28, 2025 in connection with entering into the new equity distribution agreement on October 28, 2025.

3. 03

   The company said it may enter into forward sale agreements separately and expects to receive per share cash proceeds at settlement equal to the forward sale price under the relevant forward sale agreement upon physical settlement, but may not receive any proceeds if it elects cash settlement or net share settlement, and may owe cash or shares of common stock to the relevant forward purchaser.

4. 04

   On October 28, 2025, the company filed prospectus supplements to register the resale of 1,182,070 shares of common stock issued as consideration for its recent acquisition of certain properties and to register up to 4,542,926 shares of common stock that may be issued upon redemption of OP Units.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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