CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	[1]
Real property owned:
Land and land improvements	$ 4,324,541	$ 4,249,834
Buildings and improvements	34,161,466	33,651,336
Acquired lease intangibles	1,990,830	1,945,458
Real property held for sale, net of accumulated depreciation	215,583	133,058
Construction in progress	1,121,446	1,021,080
Less accumulated depreciation and amortization	(8,417,151)	(8,075,733)
Net real property owned	33,396,715	32,925,033
Right of use assets, net	322,896	323,942
Real estate loans receivable, net of credit allowance	954,156	890,844
Net real estate investments	34,673,767	34,139,819
Other assets:
Investments in unconsolidated entities	1,596,413	1,499,790
Goodwill	68,321	68,321
Cash and cash equivalents	571,902	631,681
Restricted cash	66,894	90,611
Straight-line rent receivable	357,359	322,173
Receivables and other assets	1,159,233	1,140,838
Total other assets	3,820,122	3,753,414
Total assets	38,493,889	37,893,233
Liabilities:
Unsecured credit facility and commercial paper	0	0
Senior unsecured notes	12,486,229	12,437,273
Secured debt	2,474,837	2,110,815
Lease liabilities	415,169	415,824
Accrued expenses and other liabilities	1,521,499	1,535,325
Total liabilities	16,897,734	16,499,237
Redeemable noncontrolling interests	392,195	384,443
Equity:
Common stock	497,928	491,919
Capital in excess of par value	27,160,014	26,742,750
Treasury stock	(112,925)	(111,001)
Cumulative net income	8,830,623	8,804,950
Cumulative dividends	(15,815,926)	(15,514,097)
Accumulated other comprehensive income (loss)	(111,559)	(119,707)
Total Welltower Inc. stockholders’ equity	20,448,155	20,294,814
Noncontrolling interests	755,805	714,739
Total equity	21,203,960	21,009,553
Total liabilities and equity	$ 38,493,889	$ 37,893,233

[1] The consolidated balance sheet at December 31, 2022 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.