REITResearch

Ventas, Inc. VTR

Listed / Traded Health Care NYSE Mgmt:

Ventas, Inc. (NYSE: VTR) is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With more than 1,400 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 approximately 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 OI™ 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.

Snapshot

Price
$82.16
Market cap
$39.94B
Enterprise value
$52.49B
Dividend yieldi
2.53%
Annual dividendi
$2.08
Frequency
Quarterly
FFO / sharei
$0.90 · Q1 2026
Normalized FFO / sharei
$0.94 · Q1 2026
Net debt / EBITDAi
5.00x · Adj. EBITDA
Op. cash flow / sharei
$3.63
Price / OCFi
22.62
Payout (% of OCF)i
57.26%
Debt / book capitali
49.23%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-27) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-302026-06-302026-07-16 2026-05-13$0.52Quarterly
2026-03-312026-03-312026-04-16 2026-02-05$0.52Quarterly
2025-12-312025-12-312026-01-15 2025-12-10$0.48Quarterly
2025-09-302025-09-302025-10-16 2025-09-18$0.48Quarterly
2025-06-302025-06-302025-07-17 2025-05-13$0.48Quarterly
2025-03-312025-03-312025-04-17 2025-02-12$0.48Quarterly
2024-12-312024-12-312025-01-16 2024-12-10$0.45Quarterly
2024-10-012024-10-012024-10-17 2024-09-17$0.45Quarterly
2024-07-012024-07-012024-07-18 2024-05-14$0.45Quarterly
2024-03-282024-04-012024-04-18 2024-03-12$0.45Quarterly
2023-12-292024-01-022024-01-18 2023-12-05$0.45Quarterly
2023-09-292023-10-022023-10-12 2023-09-13$0.45Quarterly
2023-06-302023-07-032023-07-13 2023-05-16$0.45Quarterly
2023-03-312023-04-032023-04-13 2023-03-14$0.45Quarterly
2022-12-302023-01-032023-01-19 2022-12-07$0.45Quarterly
2022-09-302022-10-032022-10-14 2022-09-16$0.45Quarterly
2022-06-302022-07-012022-07-14 2022-05-25$0.45Quarterly
2022-03-312022-04-012022-04-14 2022-03-16$0.45Quarterly
2021-12-312022-01-032022-01-19 2021-12-07$0.45Quarterly
2021-09-302021-10-012021-10-14 2021-09-14$0.45Quarterly
2021-06-302021-07-012021-07-14 2021-05-25$0.45Quarterly
2021-03-312021-04-012021-04-14 2021-03-17$0.45Quarterly
2020-12-312021-01-042021-01-20 2020-12-11$0.45Quarterly
2020-09-302020-10-012020-10-13 2020-09-18$0.45Quarterly

Coverage (payout of operating cash flow): 57.26%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$13.22B
Cash
$741.07M
Net debt / EBITDAi
5.11x
Debt / book capitali
49.23%
Total assets
$27.59B
Total equity
$12.53B

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $5.83B $251.38M $1.38B $2.24B $1.68B
2024 $4.92B $81.15M $1.28B $1.94B $1.34B
2023 $4.50B $-40.97M $1.41B $1.95B $1.19B
2022 $4.13B $-47.45M $1.21B $1.62B $1.15B
2021 $3.83B $49.01M $1.22B $1.72B $1.04B
2020 $3.80B $439.15M $1.13B $1.94B $1.45B

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.