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VTR

Ventas

Real EstateREITsS&P 500
Ticker VTRCHICAGO, ILFiscal year ends DecemberBook value per share $30.11Diluted shares 486.5M

Ventas, Inc. (NYSE: VTR) is an S&P 500 real estate investment trust focused on enabling exceptional environments that benefit a large and growing aging population. The company operates through three primary reportable segments: Senior Housing Operating Portfolio (SHOP), Outpatient Medical and Research Portfolio… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.83B
+18.5% year over year
Last 12 mo $6.44B
14.53%
+1.4 percentage points
Last 12 mo 13.40%
$261.52M
+196.0% year over year
Last 12 mo $272.97M
2.09%
+1.1 percentage points
Last 12 mo 1.79%
Cash & financing
$1.65B
+23.8% year over year
Last 12 mo $1.80B
$-1.29B
−7.6% year over year
Last 12 mo $-2.69B
1.04
Was 1.26× a year earlier
Last 12 mo 0.87
462.6M
+11.1% year over year
Last 12 mo 486.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ventas does

In the company’s own words

Ventas, Inc. (NYSE: VTR) is an S&P 500 real estate investment trust focused on enabling exceptional environments that benefit a large and growing aging population. The company operates through three primary reportable segments: Senior Housing Operating Portfolio (SHOP), Outpatient Medical and Research Portfolio (OM&R), and Triple-Net Leased Properties (NNN), along with non-segment assets including corporate holdings and investments in unconsolidated entities.

The SHOP segment owns and operates senior housing communities including independent living, assisted living, memory care, and continuing care retirement communities. As of December 31, 2025, this segment comprised 752 properties generating 49.4% of total net operating income. Ventas engages 39 third-party managers to operate these communities while generally holding applicable healthcare licenses and enrolling in government healthcare programs on behalf of the properties. The company developed Ventas OI, a proprietary data and analytics platform that provides real-time operational insights and supports investment decisions.

The OM&R segment owns and manages outpatient medical buildings and research centers, representing 409 properties and 24.7% of total net operating income. These properties are predominantly located on or adjacent to health system campuses and university research centers. Through its Lillibridge subsidiary and a 50% ownership interest in PMBRES, Ventas provides property management and advisory services to hospitals, health systems, and academic institutions.

The NNN segment invests in senior housing communities, skilled nursing facilities, long-term acute care facilities, inpatient rehabilitation facilities, and other healthcare properties, comprising 213 properties and 24.6% of total net operating income. These properties are leased to operators under triple-net lease arrangements where tenants bear property-related expenses.

As of December 31, 2025, Ventas owned or had investments in 1,409 properties with 542 employees. The company maintains a geographically diversified portfolio across North America and the United Kingdom. Ventas also operates Ventas Investment Management, a third-party institutional private capital management platform that partners with institutional investors through various joint ventures and co-investment vehicles, including the Ventas Life Science & Healthcare Real Estate Fund. The company maintains its website at www.ventasreit.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
740260
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-689.18M$1.26B$3.20B$5.15B$7.09B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ventas — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

804
funds hold it
0 of 35
superinvestors hold it
$19.86B
held by funds, at market
44.0%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Ventas’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.42%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ventas’s bonds, as funds hold them

Funds report holding 3 issues of Ventas’s debt, $1.62M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.89%, maturing 2027 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ventas and its peers compare on margins and cash generation over ten years?”
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