CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	[1]
Real property owned:
Land and land improvements	$ 6,736,066	$ 6,681,131
Buildings and improvements	52,873,371	52,058,099
Acquired lease intangibles	2,853,696	2,845,686
Real property held for sale, net of accumulated depreciation	749,426	1,450,137
Construction in progress	764,223	738,859
Less accumulated depreciation and amortization	(10,822,151)	(10,350,621)
Net real property owned	53,154,631	53,423,291
Right of use assets, net	2,023,166	2,158,045
Investments in sales-type leases, net	57,800	497,963
Real estate loans receivable, net of credit allowance	2,567,564	1,831,210
Net real estate investments	57,803,161	57,910,509
Other assets:
Investments in unconsolidated entities	2,045,081	1,809,590
Cash and cash equivalents	4,703,775	5,033,678
Restricted cash	115,518	175,861
Receivables and other assets	2,553,021	2,373,409
Total other assets	9,417,395	9,392,538
Total assets	67,220,556	67,303,047
Liabilities:
Unsecured credit facility and commercial paper	0	0
Senior unsecured notes	15,159,712	16,383,522
Secured debt	2,773,856	2,813,780
Lease liabilities	2,051,273	2,182,993
Accrued expenses and other liabilities	2,306,445	2,719,813
Total liabilities	22,291,286	24,100,108
Redeemable noncontrolling interests	196,411	263,223
Equity:
Common stock	704,860	696,621
Capital in excess of par value	52,409,593	50,898,707
Treasury stock	(22,853)	(14,405)
Cumulative net income	11,762,241	11,033,569
Cumulative dividends	(20,717,700)	(20,197,353)
Accumulated other comprehensive income (loss)	(342,466)	(287,641)
Total Welltower Inc. stockholders’ equity	43,793,675	42,129,498
Noncontrolling interests	939,184	810,218
Total equity	44,732,859	42,939,716
Total liabilities and equity	$ 67,220,556	$ 67,303,047

[1] The consolidated balance sheet at December 31, 2025 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.