Welltower completes C$4B Amica acquisition, exits Outpatient Medical, raises dividend 10.4%

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 29, 2025 · ~2 min read

Key Changes

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  Acquired 34 Canadian seniors housing communities from Amica Senior Lifestyles for C$4.0B on April 1, 2026, plus C$38M in unconsolidated interests and C$1B in forward purchase agreements for five development properties. Portfolio expanded from 1,500+ to 2,500+ communities.

  MD&A: Amica Senior Lifestyles acquisition verify on EDGAR →
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  Sold 60 Outpatient Medical properties for $1.18B in Q1 2026, reducing segment from 16.7% to 4.4% of NOI. Management shifted from internal division to external partners, completing strategic exit from medical office buildings.

  MD&A: Disposition activity & Outpatient Medical management verify on EDGAR →
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  Quarterly dividend increased from $0.67 to $0.74 per share (10.4% raise), marking the 220th consecutive quarterly cash dividend. Reflects confidence in portfolio transformation and cash generation.

  MD&A: Quarterly dividend verify on EDGAR →