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CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Capital in Excess of Par Value
Treasury Stock
Cumulative Net Income
Cumulative Dividends
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Balances at beginning of period at Dec. 31, 2021 $ 18,596,579 $ 448,605 $ 23,133,641 $ (107,750) $ 8,663,736 $ (14,380,915) $ (121,316) $ 960,578
Comprehensive income:                
Net income (loss) 64,677       61,925     2,752
Other comprehensive income (loss) (15,691)           (17,156) 1,465
Total comprehensive income 48,986              
Net change in noncontrolling interests (191,331)   (63,026)         (128,305)
Amounts related to stock incentive plans, net of forfeitures 2,677 166 7,279 (4,768)        
Net proceeds from issuance of common stock 548,823 6,605 542,218          
Dividends paid:                
Common stock dividends (273,668)         (273,668)    
Balances at end of period at Mar. 31, 2022 18,732,066 455,376 23,620,112 (112,518) 8,725,661 (14,654,583) (138,472) 836,490
Comprehensive income:                
Net income (loss) 94,194       89,785     4,409
Other comprehensive income (loss) (21,840)           (6,724) (15,116)
Total comprehensive income 72,354              
Net change in noncontrolling interests 112,033   (6,760)         118,793
Adjustment to members' interest from change in ownership in Welltower OP 0   46,861         (46,861)
Amounts related to stock incentive plans, net of forfeitures 7,398 20 6,551 827        
Net proceeds from issuance of common stock 807,659 9,382 798,277          
Dividends paid:                
Common stock dividends (277,615)         (277,615)    
Balances at end of period at Jun. 30, 2022 19,453,895 464,778 24,465,041 (111,691) 8,815,446 (14,932,198) (145,196) 897,715
Comprehensive income:                
Net income (loss) (3,892)       (6,768)     2,876
Other comprehensive income (loss) 46,900           69,929 (23,029)
Total comprehensive income 43,008              
Net change in noncontrolling interests 10,401   (2,400)         12,801
Adjustment to members' interest from change in ownership in Welltower OP 0   2,779         (2,779)
Redemption of OP Units and DownREIT Units 0 5 201         (206)
Amounts related to stock incentive plans, net of forfeitures 6,073 3 6,151 (81)        
Net proceeds from issuance of common stock 826,804 9,144 817,660          
Dividends paid:                
Common stock dividends (283,496)         (283,496)    
Balances at end of period at Sep. 30, 2022 20,056,685 473,930 25,289,432 (111,772) 8,808,678 (15,215,694) (75,267) 887,378
Balances at beginning of period at Dec. 31, 2022 21,009,553 [1] 491,919 26,742,750 (111,001) 8,804,950 (15,514,097) (119,707) 714,739
Comprehensive income:                
Net income (loss) 28,361       25,673     2,688
Other comprehensive income (loss) 11,171           8,148 3,023
Total comprehensive income 39,532              
Net change in noncontrolling interests 21,344   (8,304)         29,648
Adjustment to members' interest from change in ownership in Welltower OP 0   (6,139)         6,139
Redemption of OP Units and DownREIT Units 17,355 272 17,515         (432)
Amounts related to stock incentive plans, net of forfeitures 7,540 134 9,330 (1,924)        
Net proceeds from issuance of common stock 410,465 5,603 404,862          
Dividends paid:                
Common stock dividends (301,829)         (301,829)    
Balances at end of period at Mar. 31, 2023 21,203,960 497,928 27,160,014 (112,925) 8,830,623 (15,815,926) (111,559) 755,805
Comprehensive income:                
Net income (loss) 106,545       103,040     3,505
Other comprehensive income (loss) 33,061           28,651 4,410
Total comprehensive income 139,606              
Net change in noncontrolling interests (153,120)   8,579       (12,686) (149,013)
Adjustment to members' interest from change in ownership in Welltower OP 0   (4,794)         4,794
Redemption of OP Units and DownREIT Units 0 1 18         (19)
Amounts related to stock incentive plans, net of forfeitures 12,024 43 11,088 893        
Net proceeds from issuance of common stock 922,225 11,833 910,392          
Dividends paid:                
Common stock dividends (300,772)         (300,772)    
Balances at end of period at Jun. 30, 2023 21,823,923 509,805 28,085,297 (112,032) 8,933,663 (16,116,698) (95,594) 619,482
Comprehensive income:                
Net income (loss) 134,056       127,470     6,586
Other comprehensive income (loss) (58,098)           (53,768) (4,330)
Total comprehensive income 75,958              
Net change in noncontrolling interests 53,995   56,824         (2,829)
Adjustment to members' interest from change in ownership in Welltower OP 0   (3,431)         3,431
Redemption of OP Units and DownREIT Units 0 62 2,488         (2,550)
Amounts related to stock incentive plans, net of forfeitures 8,537 8 8,810 (281)        
Net proceeds from issuance of common stock 1,930,131 24,043 1,906,088          
Dividends paid:                
Common stock dividends (318,718)         (318,718)    
Balances at end of period at Sep. 30, 2023 $ 23,573,826 $ 533,918 $ 30,056,076 $ (112,313) $ 9,061,133 $ (16,435,416) $ (149,362) $ 619,790
[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.