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MARKETS / NYSE / VTR
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Ventas, Inc. VTR

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.8B
▲ 18.5% YoY
$261.5M
▲ 196.0% YoY
$-1.3B
In brief

What this company does

As of December 31, 2025, it owned or had investments in 1,409 properties, consisting of 1,374 properties in its reportable segments and 35 properties held by unconsolidated real estate entities in its non-segment operations. It is headquartered in Chicago, Illinois, with additional corporate offices in Louisville, Kentucky and New York, New York. As of December 31, 2025, it had 542 employees, none of which were subject to a collective bargaining agreement. It operates through three reportable segments: a senior housing operating portfolio (SHOP), an outpatient medical and research portfolio (OM&R), and triple-net leased properties (NNN). In its SHOP segment, it owns and invests in senior housing communities and typically engages third-party managers to operate the communities on its behalf. In its OM&R segment, it primarily acquires, owns, develops, leases and manages outpatient medical buildings and research centers. In its NNN segment, it invests in and owns senior housing communities, skilled nursing facilities, long-term acute care facilities, freestanding inpatient rehabilitation facilities and other healthcare facilities.

Written from the business description in Ventas, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 February 2026. Every sentence was checked against that document before publication.

Growth
USD 5.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.8 · Net income 0.3
2B4B2007201020132016201920222025
Compound annual growth
+12.2%
+9.0%
+5.9%
+12.5%
−9.9%
−4.6%
+0.3%
−14.3%
−8.1%
+2.2%
−2.2%
−4.5%
+6.1%
−1.5%
−1.5%
+6.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.5% · Net 4.5%
10%20%30%-2%-4%2007201020132016201920222025
ROE
FY2025 · ROE 2.2%
5%10%2007201020132016201920222025

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders
USD 860.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.3
0.5B1.0B-0.5B-1.0B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.9 · Net buybacks —
0.4B0.8B2007201020132016201920222025

USD 860.1M in dividends — 329% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 27.6B
EquityUSD 12.5B
CashUSD 741.1M
Gross debtUSD 13.0B
Net debtUSD 12.3B

Net debt stands at 98% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B5.84.94.54.13.83.83.93.73.63.43.32.82.52.51.71.00.90.90.7
Operating income $B0.2−0.0−0.1−0.1−0.20.1·············
EBITDA $B···················
Income tax $B−0.0−0.0−0.0−0.00.0−0.1−0.1−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0
Net income $B0.30.1−0.0−0.00.10.40.40.41.40.70.40.50.50.40.40.20.30.20.3
Free cash flow $B−1.3−1.20.50.2−0.80.8−0.10.71.31.21.31.21.10.90.70.40.40.40.4
EPS, diluted $0.540.19−0.10−0.120.131.171.171.143.781.861.251.601.541.231.581.561.741.592.22
Dividend / sh $1.921.801.801.801.802.143.173.163.122.963.042.962.732.482.302.142.052.051.90
Payout %329838−2388−1760121421126427161157239184176201143137118130103
ROE %2.20.9−0.3−0.40.54.34.33.912.86.54.65.55.14.06.210.111.510.3·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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