Welltower ‘obfuscating its distressed assets,’ Hindenburg says in short report

Hindenburg Research published a short report on its website on Welltower, a healthcare REIT that is the largest owner of senior housing facilities in the U.S. Welltower’s valuation "comes despite an industry in turmoil" and the company "also faces significantly larger maturities moving past 2023," the short seller contends. Hindenburg, which notes with its report that it has taken a short position in shares, thinks Welltower is "an overpriced-to-perfection REIT obfuscating its distressed assets, raising questions about both its portfolio and the credibility of management as it attempts to raise capital from investors." In pre-market trading, Welltower shares are down 9% to $62.06. Reference Link