10-QPeriod: Q3 FY2002

WELLTOWER INC. Quarterly Report for Q3 Ended Sep 30, 2002

Filed November 7, 2002For Securities:WELL

Summary

Welltower Inc. (formerly Health Care REIT, Inc.) filed its quarterly report for the period ending September 30, 2002. The company's financial statements and management's discussion and analysis provide insights into its operational and financial performance during the first nine months of 2002. Investors should review the consolidated balance sheets, statements of income, and cash flows for a comprehensive understanding of the company's assets, liabilities, revenues, expenses, and cash-generating activities. The report details the company's financial condition and results of operations, offering management's perspective on trends, uncertainties, and events that may impact future performance. Key areas to focus on include revenue growth, operating expenses, property acquisitions or dispositions, and financing activities. The company also disclosed quantitative and qualitative information about market risks it faces.

Key Highlights

  • 1The company is operating as Health Care REIT, Inc. during this reporting period, with its name change to Welltower Inc. likely occurring later.
  • 2The report covers the third quarter and the first nine months of the fiscal year ending September 30, 2002.
  • 3Key financial statements provided include Consolidated Balance Sheets, Statements of Income, Statements of Stockholders' Equity, and Statements of Cash Flows.
  • 4Management's Discussion and Analysis (MD&A) offers insights into the company's financial condition, results of operations, and future outlook.
  • 5The filing includes quantitative and qualitative disclosures about the company's exposure to market risks.
  • 6As of October 30, 2002, there were 39,056,541 shares of Common Stock outstanding.
  • 7The company confirms it has filed all required reports for the preceding 12 months and has been subject to such filing requirements for the past 90 days.

Frequently Asked Questions

Based on its name and the typical operations of a REIT, Health Care REIT, Inc. is primarily involved in owning, operating, or financing real estate assets, specifically within the healthcare sector. This could include senior housing facilities, skilled nursing centers, medical office buildings, and other healthcare-related properties.

Information on the company's profitability can be found in the 'Consolidated Statements of Income' for the three and nine months ended September 30, 2002 and 2001. The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section will provide further context and explanation of these results.

The 'Quantitative and Qualitative Disclosure About Market Risk' section of the filing will detail the specific market risks the company faces. These could include interest rate fluctuations, credit risks, and other economic factors that may affect the value of its real estate portfolio and its financial performance.

Details regarding significant property transactions, including acquisitions and dispositions, would typically be discussed within the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section. Reviewing this section and the accompanying financial statements, particularly the cash flow statement, would provide clarity on such activities.