RVBA-WELL▲Listed

Welltower

Real Estate & REITs·Healthcare Facilities

WELL (NYSE)·Toledo·US

Verified credentials

CDP Listed

Company website

Website

Home page | Welltower Inc.

welltower.com ↗

Decarbonisation trajectory · all scopes

Scope 1 + 2· base 2019 · 469k tCO2eScope 3· base 2020 · 378k tCO2e

Headline intensities

Reporting year 2022·Values in USD ($)

Peer cohort: Real Estate & REITs · lower is better

Revenue intensity

Carbon / $m revenue

154tCO2e / $m

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

Top quartile

better than 75% of peers

best 154n=6 peersworst 2.3k

Operational intensity

Carbon / $m OpEx

177tCO2e / $m

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

Top quartile

better than 75% of peers

best 171n=6 peersworst 3.8k

Economic intensity

Carbon / $m EVIC

19.2tCO2e / $m

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

Above median

better than 59% of peers

best 14.7n=6 peersworst 234

Asset intensity

Carbon / $m PP&E + leased

1.4ktCO2e / $m

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Top quartile

better than 75% of peers

best 80.6n=5 peersworst 9.7k

Asset intensity (full)

Carbon / $m PP&E + leased S3

—tCO2e / $m

Carbon per million dollars of physical infrastructure — PP&E plus leased real-estate, including upstream and downstream leased emissions (Scope 3 categories 8 + 13). The most complete view of physical-asset carbon intensity, relevant for REITs and infrastructure-heavy firms.

no peer comparison yet

Climate action evidence

4 records · 1 source

Carbon credits retired

1,057 tCO2e

4 retirements · FYNaN–NaN · third-party verified

By credit quality

Avoidance / reductions1,057 tCO2e(100%)

Retirement records(top 4 by volume of 4)

2022-01-01 GENNEIA WIND PROJECTS IN ARGENTINA · verra610 tCO2e
2022-01-01 GENNEIA WIND PROJECTS IN ARGENTINA · verra390 tCO2e
2022-01-01 GENNEIA WIND PROJECTS IN ARGENTINA · verra56 tCO2e
2015-01-01 BAESA Project · verra1 tCO2e

Renewable electricity

No third-party REC retirements on file and no self-reported renewable share disclosed.

Sources

· berkeley_voluntary_registry

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2	2019	2030	−28%	Well-below 2°C	−0.0% reductionof −28% target · 0% there	Off track
Scope 1 + 2	2018	2025	−10%	In corporate strategy	−0.0% reductionof −10% target · 0% there	Off track

Long-term

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2 + 3	2019	2030	−28%	In corporate strategy	−0.0% reductionof −28% target · 0% there	Off track

⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.

Progress · absolute tCO2e

Scope 1 + 2 trajectory vs target

Scope 1 + 2 · 28.000000000000004% by 2030 · Well-below 2°C

ActualLinear1.5°C

Scope 3 trajectory

ActualLinear1.5°C

No target available for this scope.

Latest news· last 5 of 45

full news log →

Launch of private funds management business / first $2B seniors housing fund
In January 2025, Welltower announced the formation of a private funds management business and launched its first seniors housing investment fund with intent to invest up to $2 billion. Welltower will serve as General Partner and Asset Manager.
2025
Record $6 billion of acquisitions in 2024
Welltower notched a record $6 billion of acquisitions during 2024 at a 30%+ discount to replacement cost. Total acquisitions of 251 properties for $5.7B at 7.5% capitalization rate.
2024
Affinity Living Communities acquisition (22 of 25 properties)
In February 2024, Welltower entered a definitive agreement to acquire 25 Seniors Housing Operating properties under the Affinity brand. Closed on 22 properties for $807.95M during 2024 with remaining 3 expected to close Q1 2025.
2024
Consolidation of 39-property triple-net JV
Welltower acquired the remaining 75% beneficial interest in an existing equity method JV that owned 39 triple-net leased properties for $205M cash, recognizing a $182.6M gain on acquisition of controlling interests.
2024
Final closure of Revera JV dissolution (Canadian portfolio)
In April 2024, Welltower closed the Canadian portion of the Revera JV dissolution, acquiring remaining interests in 71 properties (previously 75% owned) in exchange for disposing interests in 14 properties. Recognized $137.6M gain on real estate dispositions.
2024