Welltower Announces Ratings Upgrade To BBB+ From Standard & Poor's

Welltower Inc. (NYSE: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. (NYSE: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

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