UNITE HERE Report Questions Whether Welltower Inc. Has Fully Disclosed Its Operational Risks to Investors

HONOLULU--()--UNITE HERE released a report on the website www.WelltowerWatch.org questioning whether Welltower Inc.’s (NYSE:HCN) extensive ties to its top five operating partners compound risk for investors. UNITE HERE’s report also addresses Welltower’s increasing use of the RIDEA structure as a possible risk factor. UNITE HERE’s new report highlights Welltower’s additional risks and potential conflicts from its exposure to its operating partners, including unclear ownership stakes in two of its largest partners and relationship ties among top personnel.

The extraordinary effort required to uncover basic details of Welltower’s relationships with operators motivated UNITE HERE to call for a comprehensive disclosure on risk factors.

“A company should clearly disclose basic and important facts about its ownership interests in related-party companies,” says Ivan Hou, a researcher with UNITE HERE. “Without better disclosure from Welltower, it would be difficult to assess the risks associated with related-party operators and RIDEA properties.”

About UNITE HERE – UNITE HERE is a labor organization that represents over 270,000 workers throughout North America.

Contacts

Media:
UNITE HERE Local 5
Ivan Hou, 808-841-2141
ihou@unitehere5.org

Release Summary

UNITE HERE calls on Welltower Inc. (NYSE:HCN) to improve its disclosure on operational risks and potential conflicts of interest from its relationships to operating partners.

Contacts

Media:
UNITE HERE Local 5
Ivan Hou, 808-841-2141
ihou@unitehere5.org