Ventas, Inc. (VTR)

Ventas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company's growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas aims to deliver outsized performance by leveraging its operational expertise, data-driven insights from its Ventas OITM platform, extensive relationships and strong financial position. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities. Ventas, Inc. is based in Illinois, Chicago. Ventas, Inc. was incorporated in 1983 in Maryland.

Symbol: VTR
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Healthcare Facilities
Market cap: $43.09B
52 week range: 66.93 - 101.6

Valuation

Share price: $84.01 (close of 2026-10-02)
P/E (TTM): 152.75x
Price to book: 2.93x
Price to free cash flow: -38.25x
Enterprise value: $55.81B
Book value per share: $28.66

Price performance

Period	Change
1 day	+0.33%
5 days	-2.98%
1 month	-8.74%
3 months	-9.20%
6 months	+0.89%
Year to date	+8.57%
1 year	+20.72%
3 years	+103.22%
5 years	+49.80%
10 years	+18.94%
All time	+243.18%

Members of Congress who disclosed VTR trades

Gilbert Ray Cisneros · Alan Armstrong

Super investors holding VTR

Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers)

Profitability and growth

Return on equity: 2.08%
Return on assets: 0.95%
Net margin: 4.48%
EBITDA margin: 38.37%
Revenue growth: 18.47%
Net income growth: 196.00%
Free cash flow growth: -6.76%

Cash flow and balance sheet

Free cash flow yield (TTM): -2.61%
Net debt to EBITDA: 5.33x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $5.83B
EBITDA: $2.24B
Net income: $261.52M
Earnings per share: $0.55
Interest expense: $612.25M
Shares outstanding: 455.08M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$5.83B	-	$261.52M	$0.55
2024-12-31	$4.92B	-	$88.35M	$0.20
2023-12-31	$4.50B	-	-$30.30M	$-0.10
2022-12-31	$4.13B	-	-$40.93M	$-0.12
2021-12-31	$3.83B	-	$56.56M	$0.13
2020-12-31	$3.80B	-	$441.19M	$1.18
2019-12-31	$3.87B	-	$439.30M	$1.18
2018-12-31	$3.75B	$3.74B	$415.98M	$1.15
2017-12-31	$3.57B	$3.57B	$1.36B	$3.82
2016-12-31	$3.44B	$3.44B	$651.49M	$1.88

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity
2025-12-31	-	4.48%	2.08%
2024-12-31	-	1.79%	0.82%
2023-12-31	-	-0.67%	-0.32%
2022-12-31	-	-0.99%	-0.40%
2021-12-31	-	1.48%	0.52%
2020-12-31	-	11.62%	4.29%
2019-12-31	-	11.34%	4.17%
2018-12-31	99.96%	11.11%	4.05%
2017-12-31	99.91%	38.08%	12.45%
2016-12-31	99.79%	18.92%	6.19%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$741.07M	$13.01B
2024-12-31	$897.85M	$13.52B
2023-12-31	$508.79M	$13.49B
2022-12-31	$122.56M	$12.30B
2021-12-31	$149.72M	$12.03B
2020-12-31	$413.33M	$11.90B
2019-12-31	$106.36M	$12.16B
2018-12-31	$72.28M	$10.73B
2017-12-31	$81.36M	$11.28B
2016-12-31	$286.71M	$11.13B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$1.28B	$38.73M
2024-12-31	-$1.20B	$30.99M
2023-12-31	$470.40M	$30.99M
2022-12-31	$219.47M	$30.71M
2021-12-31	-$775.90M	$31.97M
2020-12-31	$842.88M	$21.49M
2019-12-31	$1.28B	$33.92M
2018-12-31	$1.25B	$29.96M
2017-12-31	$1.30B	$26.54M
2016-12-31	$1.24B	$20.96M

Dividend history

Most recent payment: 2026-09-30
Paid in the last twelve months: $2.04

Payment date	Dividend per share
2026-09-30	$0.52
2026-06-30	$0.52
2026-03-31	$0.52
2025-12-31	$0.48
2025-09-30	$0.48
2025-06-30	$0.48
2025-03-31	$0.48
2024-12-31	$0.45

Investor relations

Next earnings report

Next confirmed report: 2026-10-27
Consensus EPS estimate: $0.99

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$0.96
2026-04-27	Mar/2026	$0.91
2026-02-05	Dec/2025	$0.89
2025-10-29	Sep/2025	$0.87
2025-07-30	Jun/2025	$0.85
2025-04-30	Mar/2025	$0.82
2025-02-12	Dec/2024	$0.80
2024-10-30	Sep/2024	$0.80

Filings and sources

Company website: ventasreit.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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