Ventas, Inc. (VTR)
NYSE: VTR · Real-Time Price · USD
88.92
-0.73 (-0.81%)
Nov 13, 2026, 4:00 PM EST - Market closed
Ventas Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 1,429 | 1,497 | 1,497 | 1,486 | 1,399 | 1,448 |
Other Revenue | 5,282 | 4,298 | 3,383 | 2,991 | 2,707 | 2,295 |
| 6,742 | 5,817 | 4,889 | 4,500 | 4,154 | 3,818 | |
Revenue Growth (YoY | 21.61% | 18.99% | 8.64% | 8.33% | 8.80% | 0.75% |
Property Expenses | 4,090 | 3,420 | 2,827 | 2,561 | 2,283 | 2,088 |
Selling, General & Administrative | 198.44 | 177.4 | 162.99 | 148.88 | 144.87 | 129.76 |
Depreciation & Amortization | 1,468 | 1,283 | 1,167 | 1,166 | 1,090 | 978 |
Provision for Loan Losses | - | - | 0.17 | 20.27 | -19.76 | 9.08 |
Total Operating Expenses | 5,756 | 4,880 | 4,157 | 3,856 | 3,538 | 3,187 |
Operating Income | 985.6 | 937.18 | 731.98 | 644.33 | 616.51 | 631.01 |
Interest Expense | -632.03 | -612.25 | -602.84 | -574.11 | -467.56 | -440.09 |
Interest & Investment Income | 14.12 | 21.01 | 28.11 | 11.41 | 3.64 | 14.81 |
Other Non-Operating Income | -28.18 | -24.82 | -57.11 | 46.79 | -66.51 | -26.88 |
EBT Excluding Unusual Items | 339.5 | 321.12 | 100.15 | 128.42 | 86.08 | 178.84 |
Gain (Loss) on Sale of Investments | - | - | 8.7 | - | - | - |
Gain (Loss) on Sale of Assets | 19.35 | 38.58 | 57.01 | 62.12 | 7.78 | 218.79 |
Asset Writedown | -120.8 | -96.2 | -86 | -226.6 | -107.8 | -219.4 |
Other Unusual Items | -28.49 | -16.13 | -29.29 | -3.77 | -43.92 | -116.84 |
Pretax Income | 209.56 | 247.37 | 50.58 | -39.84 | -57.86 | 61.39 |
Income Tax Expense | -61.98 | -14.15 | -37.78 | -9.54 | -16.93 | 4.83 |
Earnings From Continuing Operations | 271.54 | 261.52 | 88.35 | -30.3 | -40.93 | 56.56 |
Net Income to Company | 271.54 | 261.52 | 88.35 | -30.3 | -40.93 | 56.56 |
Minority Interest in Earnings | -9.48 | -10.14 | -7.2 | -10.68 | -6.52 | -7.55 |
Net Income | 262.06 | 251.38 | 81.15 | -40.97 | -47.45 | 49.01 |
Net Income to Common | 262.06 | 251.38 | 81.15 | -40.97 | -47.45 | 49.01 |
Net Income Growth | 10.10% | 209.76% | - | - | - | -88.84% |
Basic Shares Outstanding | 488 | 455 | 412 | 402 | 400 | 383 |
Diluted Shares Outstanding | 496 | 463 | 416 | 406 | 403 | 386 |
Shares Change | 10.51% | 11.11% | 2.64% | 0.55% | 4.44% | 2.60% |
EPS (Basic) | 0.54 | 0.55 | 0.20 | -0.10 | -0.12 | 0.13 |
EPS (Diluted) | 0.52 | 0.54 | 0.19 | -0.10 | -0.12 | 0.13 |
EPS Growth | -1.55% | 184.21% | - | - | - | -89.06% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 2.040 | 1.920 | 1.800 | 1.800 | 1.800 | 1.800 |
Dividend Growth | 7.94% | 6.67% | 0% | 0% | 0% | -15.99% |
Operating Margin | 14.62% | 16.11% | 14.97% | 14.32% | 14.84% | 16.53% |
Profit Margin | 3.89% | 4.32% | 1.66% | -0.91% | -1.14% | 1.28% |
EBITDA | 2,466 | 2,213 | 1,875 | 1,773 | 1,656 | 1,538 |
EBITDA Margin | 36.57% | 38.04% | 38.35% | 39.40% | 39.86% | 40.28% |
D&A For Ebitda | 1,480 | 1,276 | 1,143 | 1,129 | 1,039 | 906.92 |
EBIT | 985.6 | 937.18 | 731.98 | 644.33 | 616.51 | 631.01 |
EBIT Margin | 14.62% | 16.11% | 14.97% | 14.32% | 14.84% | 16.53% |
Funds From Operations (FFO) | 1,893 | 1,619 | 1,305 | 1,322 | 1,138 | 1,023 |
FFO Per Share | - | 3.50 | 3.14 | 3.26 | 2.82 | - |
Adjusted Funds From Operations (AFFO) | - | 1,619 | 1,305 | 1,322 | 1,138 | 1,023 |
AFFO Per Share | - | 3.50 | 3.14 | 3.24 | 2.82 | - |
FFO Payout Ratio | 51.57% | 53.12% | 56.71% | 54.74% | 63.27% | 67.16% |
Effective Tax Rate | - | - | - | - | - | 7.86% |
Revenue as Reported | 6,784 | 5,834 | 4,924 | 4,498 | 4,129 | 3,828 |