Financial Data and Key Metrics Changes - Welltower reported normalized FFO of $1.02 per diluted share for Q1 2020, which included $7 million or approximately $0.02 per diluted share of unanticipated property level costs related to COVID-19 [20] - The company withdrew its 2020 guidance on April 17 due to the impact of COVID-19 on occupancy and expenses [12][19] - The company expects occupancy declines to continue throughout Q2, projecting a decrease of 500 to 600 basis points by June 30 [25] Business Line Data and Key Metrics Changes - The Seniors Housing Triple-Net portfolio delivered 3% year-over-year same-store growth, with occupancy and EBITDAR coverages flat sequentially [21] - The long-term post-acute portfolio generated 2.6% year-over-year same-store growth, with EBITDAR coverage declining by three basis points sequentially [21] - The Seniors Housing operating portfolio experienced a year-over-year same-store NOI decline of 1.6% due to COVID-19 impacts [24] Market Data and Key Metrics Changes - Rent collection across Triple-Net segments was consistent with historical norms in Q1, with 97% of total rents due collected in April [22] - The outpatient medical portfolio delivered 2.1% same-store growth, with 95% of rent due either collected or approved for deferral [23] - Total portfolio occupancy fell 240 basis points in April compared to a 70 basis point decline in March, primarily due to admission bans [25] Company Strategy and Development Direction - The company remains committed to its long-term strategy of being a key real estate partner in the healthcare continuum, focusing on the health and wellness needs of vulnerable seniors [15][17] - Welltower is taking steps to manage uncertainty, including reducing G&A expenses by approximately $10 million to $15 million on an annualized basis [13] - The company plans to pay 70% of its pre-COVID dividend, reflecting a data-driven decision to preserve liquidity [14][38] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant impact of COVID-19 on business operations and expressed hope for stabilization as infection curves flatten [49][92] - The company is focused on maintaining financial flexibility and liquidity during this uncertain period, with approximately $3.7 billion in liquidity available [30][31] - Management emphasized the importance of adapting to changes in the operating environment and maintaining a long-term perspective on value creation [57][58] Other Important Information - The company completed $398 million of acquisitions in Q1 at a blended yield of 5.6% and anticipates $386 million of property sales for the remainder of the year [32][33] - Welltower's corporate overhead expectations for the full year have been lowered to between $125 million to $130 million, down from prior guidance of $140 million [37] - The Board recognized Shankh Mitra as Vice Chairman and COO, and Tim McHugh as Executive Vice President, reflecting their leadership during challenging times [61] Q&A Session Summary Question: Clarification on occupancy trends and move-in restrictions - Management indicated that while occupancy is expected to decline by 500 to 600 basis points in Q2, some communities are beginning to open for new admissions, but uncertainty remains [66][68] Question: Understanding the dividend reset - The dividend cut to $0.61 per share is tied to taxable net income expectations and short-term cash flow considerations [71][73] Question: Performance of the Triple-Net portfolio relative to the SHO portfolio - Management expects the performance of the Triple-Net portfolio to be similar to the SHO portfolio, with strong rent collections so far [75][77] Question: Future of hospital investments and potential consolidation - Management believes there are still too many hospitals in the U.S. and anticipates continued consolidation in the sector [109]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8923 WELLTOWER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation) 4500 Do ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number 1-8923 WELLTOWER INC. (Exact name of registrant as specified in its charter) Delaware 34-1096634 (State or other jurisdiction of incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8923 WELLTOWER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation) 450 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8923 WELLTOWER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation) 4500 Dor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 For the transition period from to Commission file number: 1-8923 (Address of principal executive offices) (Zip Code) WELLTOWER INC. Delaware 34-1096634 (IRS Employer Identification No.) (41 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission File No. 1-8923 WELLTOWER INC. (Exact name of registrant as specified in its charter) Delaware 34-1096634 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 4500 Dorr Street, Toledo, Ohio 43615 (Address of principal executive of ices) (Zip C ...