v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [1]
Real property owned:      
Land and land improvements   $ 7,235,877 $ 6,681,131
Buildings and improvements   57,960,485 52,058,099
Acquired lease intangibles   3,167,918 2,845,686
Real property held for sale, net of accumulated depreciation   374,477 1,450,137
Construction in progress   848,347 738,859
Less accumulated depreciation and amortization   (11,533,470) (10,350,621)
Net real property owned   58,053,634 53,423,291
Right of use assets, net 1,959,414 2,158,045
Investments in sales-type leases, net 0 497,963
Real estate loans receivable, net of credit allowance   2,952,709 1,831,210
Net real estate investments   62,965,757 57,910,509
Other assets:      
Investments in unconsolidated entities   2,001,632 1,809,590
Cash and cash equivalents   1,965,164 5,033,678
Restricted cash   132,000 175,861
Receivables and other assets   2,810,627 2,373,409
Total other assets   6,909,423 9,392,538
Total assets   69,875,180 67,303,047
Liabilities:      
Unsecured credit facility and commercial paper 0 0
Senior unsecured notes   14,295,101 16,383,522
Secured debt   3,431,152 2,813,780
Lease liabilities 1,994,551 2,182,993
Accrued expenses and other liabilities   2,490,804 2,719,813
Total liabilities   22,211,608 24,100,108
Redeemable noncontrolling interests   224,538 263,223
Equity:      
Common stock   719,068 696,621
Capital in excess of par value   55,180,367 50,898,707
Treasury stock   (25,961) (14,405)
Cumulative net income   12,207,243 11,033,569
Cumulative dividends   (21,244,723) (20,197,353)
Accumulated other comprehensive income (loss)   (421,646) (287,641)
Total Welltower Inc. stockholders’ equity   46,414,348 42,129,498
Noncontrolling interests   1,024,686 810,218
Total equity   47,439,034 42,939,716
Total liabilities and equity   $ 69,875,180 $ 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.