SCHEDULE: Cohen & Steers Amends Welltower Stake to 5.09%

Cohen & Steers, Inc. and its affiliates have filed an amendment to their Schedule 13G, disclosing a 5.09% beneficial ownership stake in Welltower, Inc. common stock as of September 30, 2025.

Summary

• Cohen & Steers, Inc. and its affiliated entities reported beneficial ownership of 34,062,384 shares of Welltower, Inc. common stock.
• This ownership represents 5.09% of Welltower, Inc.'s outstanding common stock.
• The filing is an Amendment No. 5 to Schedule 13G, indicating a passive investment purpose, not for changing or influencing control of the issuer.
• Cohen & Steers, Inc. holds sole voting power over 27,008,920 shares and sole dispositive power over 34,062,384 shares.
• Subsidiaries, including Cohen & Steers Capital Management, Inc. (5.03% stake), Cohen & Steers UK Limited (0.05% stake), and Cohen & Steers Ireland Limited (0.00% stake), hold securities for the benefit of their respective account holders.

Sentiment

Score: 5

Explanation: The filing is a standard Schedule 13G amendment disclosing a passive ownership stake, which is neutral in sentiment regarding the issuer's performance or outlook.

Positives

• A significant institutional investor, Cohen & Steers, maintains a substantial passive stake in Welltower, Inc., potentially signaling confidence in the company's long-term prospects within the healthcare REIT sector.

Risks

• The filing does not detail specific risks related to Welltower, Inc.'s operations or financial health, as it is a disclosure of ownership by an investment firm.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Welltower, Inc.'s future performance or strategic direction.

Management Comments

• Cohen & Steers, Inc. certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Welltower, Inc.

Industry Context

Welltower, Inc. is a prominent healthcare real estate investment trust (REIT). The continued significant stake by a specialized real estate investment manager like Cohen & Steers suggests ongoing institutional interest in the healthcare REIT sector, which is often valued for its defensive characteristics and demographic tailwinds.

Stakeholder Impact

• Shareholders: The disclosure of a significant, passive institutional stake by Cohen & Steers may provide a degree of confidence to other investors regarding Welltower, Inc.'s stability and long-term value.

Key Dates

Keywords

Welltower, Cohen & Steers, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investor, Healthcare REIT, Real Estate