Ventas, Inc. (VTR) Financial Statements

Ventas, Inc.

VTR · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$5.83B	$4.92B	$4.50B	$4.13B	$3.83B	$3.80B	$3.87B	$3.75B
Selling, General & Administrative	$177.40M	$162.99M	$148.88M	$144.87M	$129.76M	$130.16M	$158.73M	$145.98M
Operating Expenses	$5.63B	$4.93B	$4.61B	$4.22B	$3.99B	$3.71B	$3.51B	$3.36B
Interest Expense	$612.25M	$602.84M	$574.11M	$467.56M	$440.09M	$469.54M	$451.66M	$442.50M
Other Income / (Expense)	—	—	—	—	—	—	$17.61M	-$66.77M
Income Before Taxes	$204.32M	-$8.00M	-$115.58M	-$94.14M	-$162.38M	$80.59M	$359.42M	$384.82M
Provision for Income Taxes	-$14.15M	-$37.77M	-$9.54M	-$16.93M	$4.83M	-$96.53M	-$56.31M	-$39.95M
Net Income	$261.52M	$88.35M	-$30.30M	-$40.93M	$56.56M	$441.19M	$439.30M	$415.98M
Basic EPS	$0.55	$0.20	-$0.10	-$0.12	$0.13	$1.18	$1.18	$1.15
Diluted EPS	$0.54	$0.19	-$0.10	-$0.12	$0.13	$1.17	$1.17	$1.14
Basic Shares Outstanding	455.08M	411.77M	401.81M	399.55M	382.79M	373.37M	365.98M	356.26M
Diluted Shares Outstanding	462.62M	416.37M	405.67M	403.45M	386.30M	376.50M	369.89M	359.30M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$3.88	$3.87	$3.91	6	↑2 ↓0
Dec 2027	$4.27	$4.10	$4.45	7	↑1 ↓1
Dec 2028	$4.64	$4.48	$4.76	3	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: VTR
Type: Stock
Sector: Real Estate
Industry: Real Estate Investment Trusts
Country: North America
Exchange: NYSE

Ventas, Inc. (NYSE: VTR) 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's seasoned team of talented professionals shares a commitment to excellence, integrity and a common purpose of helping people live longer, healthier, happier lives.

Key Issues

Bullish view

Strong SHOP growth, occupancy gains and rent growth lifted property-level results in the second quarter, supporting the case that senior housing demand can continue driving earnings.

Bearish view

The evidence confirms recent growth but does not establish how long occupancy and rent gains can persist, leaving durability of the SHOP acceleration unresolved.

Analyst Consensus

See all

Buy

21 analysts

$92

Current

—

Low

$100

Average

—

High

Average target implies +8.53% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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