8-KOther EventsExhibits & Filings

WELLTOWER INC. 8-K Report, Corporate Update (Nov 7, 2007)

Filed November 7, 2007For Securities:WELL

Summary

Health Care REIT, Inc. (WELL) has filed an 8-K report on November 7, 2007, to reclassify certain assets and their related operations as discontinued operations, in accordance with Statement of Financial Accounting Standards No. 144. This reclassification stems from the sale of these assets during the first nine months of 2007 or their designation as held for sale as of September 30, 2007. While the company is updating specific sections of its previously filed 2006 Annual Report (Form 10-K/A) to reflect this change, including disclosures in 'Selected Financial Data,' 'Management's Discussion and Analysis,' and 'Financial Statements,' it is important for investors to note that this reclassification had no impact on net income available to common stockholders. The filing also includes previously unchanged Financial Statement Schedules III and IV for informational purposes.

Key Highlights

  • 1Reclassification of certain assets and related operations as discontinued operations.
  • 2The reclassification is in compliance with Statement of Financial Accounting Standards No. 144 (SFAS 144).
  • 3Assets were either sold during the nine months ended September 30, 2007, or classified as held for sale as of that date.
  • 4Updates are being made to specific sections of the 2006 Form 10-K/A, including Selected Financial Data, MD&A, and Financial Statements.
  • 5The reclassification had no effect on net income available to common stockholders.
  • 6Includes Financial Statement Schedules III and IV, unchanged from the prior filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to reclassify certain assets and their associated operations as discontinued operations, in accordance with SFAS 144, due to their sale or classification as held for sale.

No, the company explicitly states that the application of SFAS 144 and the resulting reclassification had no effect on net income available to common stockholders.

The filing updates portions of the company's 2006 Form 10-K/A, specifically the sections related to 'Selected Financial Data,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and 'Financial Statements and Supplementary Data' to reflect the discontinued operations.

This report primarily reclassifies existing information. However, it also includes Financial Statement Schedules III and IV for informational purposes, which are unchanged from the company's prior filings.