WELLTOWER INC. Annual Report, Year Ended Dec 31, 2015

For the fiscal year ended December 31, 2015, Welltower Inc. (WELL) demonstrated strong operational performance with a significant increase in net income attributable to common stockholders, reaching $818.3 million, up from $446.7 million in 2014. This growth was driven by substantial investments in its core segments: triple-net, seniors housing operating, and outpatient medical properties, totaling approximately $4.8 billion in pro rata gross new investments. The company also successfully executed strategic capital raises, including a large common stock offering and significant senior unsecured note issuances, bolstering its liquidity and financing capacity. Welltower's strategic focus on driving the transformation of healthcare infrastructure through investments in leading seniors housing operators, post-acute providers, and health systems positions it well for future growth, particularly given favorable demographic trends for an aging population. The company's diversified portfolio across the U.S., Canada, and the UK, combined with its strong operator relationships, provides a solid foundation for continued value creation and dividend growth, despite the inherent risks associated with the healthcare real estate sector.