CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real property owned:
Land and land improvements	$ 5,552,719	$ 5,271,418	[1]
Buildings and improvements	44,793,835	42,207,735	[1]
Acquired lease intangibles	2,688,181	2,548,766	[1]
Real property held for sale, net of accumulated depreciation	95,667	51,866	[1]
Construction in progress	1,045,160	1,219,720	[1]
Less accumulated depreciation and amortization	(11,092,885)	(10,626,263)	[1]
Net real property owned	43,082,677	40,673,242	[1]
Right of use assets, net	1,230,343	1,201,131	[1]
Investments in sales-type leases, net	0	172,260
Real estate loans receivable, net of credit allowance	1,772,708	1,805,044	[1]
Net real estate investments	46,085,728	43,851,677	[1]
Other assets:
Investments in unconsolidated entities	1,787,398	1,768,772	[1]
Cash and cash equivalents	3,501,851	3,506,586	[1]
Restricted cash	108,434	204,871	[1]
Receivables and other assets	1,810,203	1,712,402	[1]
Total other assets	7,207,886	7,192,631	[1]
Total assets	53,293,614	51,044,308	[1]
Liabilities:
Unsecured credit facility and commercial paper	0	0	[1]
Senior unsecured notes	13,219,202	13,162,102	[1]
Secured debt	2,504,655	2,338,155	[1]
Lease liabilities	1,285,727	1,258,099	[1]
Accrued expenses and other liabilities	1,702,053	1,713,366	[1]
Total liabilities	18,711,637	18,471,722	[1]
Redeemable noncontrolling interests	277,461	256,220	[1]
Equity:
Common stock	652,088	637,002	[1]
Capital in excess of par value	42,030,903	40,016,503	[1]
Treasury stock	(20,172)	(114,176)	[1]
Cumulative net income	10,354,681	10,096,724	[1]
Cumulative dividends	(18,751,105)	(18,320,064)	[1]
Accumulated other comprehensive income (loss)	(309,636)	(359,781)	[1]
Total Welltower Inc. stockholders' equity	33,956,759	31,956,208	[1]
Noncontrolling interests	347,757	360,158	[1]
Total equity	34,304,516	32,316,366	[1]
Total liabilities and equity	$ 53,293,614	$ 51,044,308	[1]

[1] The consolidated balance sheet at December 31, 2024 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.