Welltower Announces Ratings Upgrade to BBB+ from Standard & Poor's

TOLEDO, Ohio--(BUSINESS WIRE)--

Welltower Inc. HCN today announced that Standard & Poor's (S&P) has raised the company's corporate credit rating to BBB+ with a stable outlook from BBB with a positive outlook. The report from S&P cites Welltower's successful portfolio repositioning efforts, planned deleveraging, improved credit metrics, balance sheet strength and seniors housing operating portfolio consistently outpacing peers over the past several years.

"The S&P upgrade to BBB+ affirms our continued efforts to reach industry-leading balance sheet strength and enhance the quality of our portfolio," said Scott Estes, CFO of Welltower. "We are pleased to now be rated BBB+ equivalent with all three rating agencies which should create additional value for our shareholders and reduce our cost of capital."

About Welltower

Welltower Inc. HCN, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower™, a real estate investment trust (REIT), owns more than 1,400 properties in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

Forward-Looking Statements and Risk Factors

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. When we use words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, we are making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially from our expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to, the status of the economy; the status of capital markets, including availability and cost of capital; and other risks described in our reports filed from time to time with the Securities and Exchange Commission. Finally, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.

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