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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 a real estate investment trust focused on healthcare and senior living properties across the United States, Canada and the United Kingdom. It owns and invests in senior housing communities, outpatient medical buildings, research centers, hospitals and other healthcare facilities, generally… From the company’s description.

In fiscal 2025, Ventas reported revenue of $5.83B, up 18.5% from fiscal 2024, and net income of $261.52M. Its operating margin was 14.0%, and operations generated $1.65B in cash. Over the twelve months to Jun 30, 2026, revenue was $6.44B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.83BFY2025
+18.5% year over year
Last 12 mo $6.44B
14.00%FY2025
+1.9 percentage points
Last 12 mo 12.93%
$261.52MFY2025
+196.0% year over year
Last 12 mo $272.97M
2.09%FY2025
+1.1 percentage points
Last 12 mo 1.79%
Cash & financing
$1.65BFY2025
+23.8% year over year
Last 12 mo $1.80B
$-1.29BFY2025
−7.6% year over year
Last 12 mo $-2.69B
1.04FY2025
Was 1.26× a year earlier
Last 12 mo 0.87
462.6MFY2025
+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 a real estate investment trust focused on healthcare and senior living properties across the United States, Canada and the United Kingdom. It owns and invests in senior housing communities, outpatient medical buildings, research centers, hospitals and other healthcare facilities, generally leasing properties to healthcare providers or partnering with third-party managers to operate senior housing communities. Its three reportable segments are the Senior Housing Operating Portfolio (SHOP), outpatient medical and research (OM&R), and triple-net leased properties (NNN). In 2025, SHOP generated 49.4% of segment and non-segment net operating income (NOI), OM&R generated 24.7%, and NNN generated 24.6%. The company also invests through Ventas Investment Management, partnering with institutional investors in real estate ventures. As of December 31, 2025, Ventas owned or had investments in 1,409 properties, including 1,374 in its reportable segments, and employed 542 people. Its website is 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

805
funds hold it
0 of 35
superinvestors hold it
$19.87B
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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Ventas and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Ventas's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Ventas's last four quarterly filings that the numbers alone won't show?”
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