HIGHBuilt-inProduct / Revenue mix
78%
Seniors Housing Operating
“10-K Item 1: 'Our Seniors Housing Operating segment accounted for 78%, 76% and 72% of total revenues for the years ended December 31, 2025'”
WELL · Concentration risk · 10-K extracted
Welltower (WELL) concentration risks
Updated
The most significant concentration Welltower discloses is Seniors Housing Operating at 78%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Welltower’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM0
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyTenant
16%
Integra Healthcare Properties
“10-K Item 1: 'revenues related to our relationship with Integra Healthcare Properties ("Integra") accounted for approximately 16% of our Triple-net segment revenues and 2% of total revenues'”
LOWOutside partyTenant
14%
Care UK
“10-K Item 1: 'Care UK, Cogir Management Company and Sunrise Senior Living accounted for 14%, 12% and 10% of Seniors Housing Operating Segment revenues, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is led by a high-share structural segment tilt, with two smaller tenant-level dependencies layered beneath it. The Seniors Housing Operating segment accounted for 78% of total revenues for the year ended December 31, 2025, a high-share concentration by disclosed size. This is a structural feature of the portfolio strategy rather than a counterparty dependency — it reflects a deliberate focus on operating-model senior housing that drives the majority of the revenue base. The implication is that occupancy trends, labor costs, and demographic demand in the senior living sector are the dominant drivers of reported results. Within the Triple-net segment, revenues related to the relationship with Integra Healthcare Properties accounted for approximately 16% of Triple-net segment revenues and 2% of total revenues — a limited share at the portfolio level by disclosed size, and a dependency character given the contractual nature of a single operator relationship. At the operating segment level, Care UK accounted for 14% of Seniors Housing Operating Segment revenues, a limited share by disclosed size. Other operators in the same segment are disclosed in the same filing context but do not individually alter the overall picture materially. On balance, the dominant exposure is the structural concentration in the Seniors Housing Operating segment; the individual tenant relationships represent manageable single-name exposures relative to total portfolio revenues.
For the engine’s reasoning on WELL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Healthcare Facilities
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| WELL● | Welltower Inc. | 1 | 0 | 2 | 3 |
| DOC | Healthpeak Properties, Inc. | 1 | 0 | 1 | 2 |
| HR | Healthcare Realty Trust Incorpo | 1 | 0 | 1 | 2 |
| AHR | American Healthcare REIT, Inc. | 1 | 0 | 0 | 1 |
| CTRE | CareTrust REIT, Inc. | 0 | 1 | 1 | 2 |
| DHC | Diversified Healthcare Trust | 0 | 1 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.