VTR
Ventas Inc.Stock · Real EstateUS REITs 2.2% · S&P 500 Equal Weight 0.2% · S&P 500 0.07% · Russell 1000 0.06% · US Stock Market 0.06% · Russell 3000 0.06% · MSCI World 0.04% · MSCI ACWI 0.04%$89.99-0.50%
as of market close, Sep 11, 2026
☾ AH — —
VTR financial statements
The full income statement, balance sheet, and cash-flow statement for Ventas Inc. (VTR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 413.2M2024-09 419.4M2024-12 437.1M2025-03 451.3M2025-06 454.5M2025-09 469.7M2025-12 475.0M2026-03 486.2M2026-06 512.9M+24.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.83B+18.5% | 4.92B+9.5% | 4.50B+8.9% | 4.13B+7.9% | 3.83B+0.9% | ||
| Lease income | 1.50B-0.0% | 1.50B+0.7% | 1.49B+6.2% | 1.40B-3.4% | 1.45B-3.1% | |
| Selling, general & administrative | 177M+8.8% | 163M+9.5% | 149M+2.8% | 145M+11.6% | 130M-0.3% | |
| General & administrative | 177M+8.8% | 163M+9.5% | 149M+2.8% | 145M+11.6% | 130M-0.3% | |
| Provision for credit losses | 0.00+100.0% | -166K+99.2% | -20.3M-202.6% | 19.8M+317.5% | -9.08M-137.5% | |
| Interest expense | 612M+1.6% | 603M+5.0% | 574M+22.8% | 468M+6.2% | 440M-6.3% | |
| Interest & investment income | 22.6M+149.5% | 9.06M-60.5% | 23.0M-52.3% | 48.2M-35.8% | 75.0M-6.9% | |
| Equity-method income | 4.47M+185.9% | 1.56M-88.5% | 13.6M-52.2% | 28.5M+473.1% | 4.97M+171.5% | |
| Pre-tax income | 204M+2655.3% | -8.00M+93.1% | -116M-22.8% | -94.1M+42.0% | -162M-301.5% | |
| Income tax | -14.2M+62.5% | -37.8M-296.0% | -9.54M+43.6% | -16.9M-450.7% | 4.83M+105.0% | |
| 262M+196.0% | 88.4M+391.6% | -30.3M+26.0% | -40.9M-172.4% | 56.6M-87.2% | ||
| Income from continuing operations | — | — | — | -40.9M-172.4% | 56.6M-87.2% | |
| Net income to non-controlling interest | 10.1M+40.8% | 7.20M-32.6% | 10.7M+63.8% | 6.52M-13.7% | 7.55M+270.9% | |
| Net income to common | 251M+209.8% | 81.2M+298.1% | -41.0M+13.6% | -47.4M-196.8% | 49.0M-88.8% | |
| $0.54+184.2% | $0.19+290.0% | -$0.10+16.7% | -$0.12-192.3% | $0.13-88.9% | ||
| EPS (basic) | $0.55+175.0% | $0.20+300.0% | -$0.10+16.7% | -$0.12-192.3% | $0.13-89.0% | |
| Weighted-avg shares (basic) | 455M+10.5% | 412M+2.5% | 402M+0.6% | 400M+4.4% | 383M+2.5% | |
| Weighted-avg shares (diluted) | 463M+11.1% | 416M+2.6% | 406M+0.5% | 403M+4.4% | 386M+2.6% | |
| Dividends per share | $1.92+6.7% | $1.80+0.0% | $1.80+0.0% | $1.80+0.0% | $1.80-16.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 741M-17.5% | 898M+76.5% | 509M+315.1% | 123M-18.1% | 150M-63.8% | |
| Accounts receivable | 99.9M-7.6% | 108M+42.1% | 76.1M | — | — | |
| 27.6B+5.4% | 26.2B+5.9% | 24.7B+2.3% | 24.2B-2.3% | 24.7B+3.3% | ||
| Operating lease right-of-use | 296M-4.0% | 308M-1.3% | 312M+0.6% | 310M-2.4% | 318M-8.2% | |
| Goodwill | 1.05B+0.1% | 1.04B-0.0% | 1.05B+0.1% | 1.04B-0.2% | 1.05B-0.5% | |
| Deferred tax assets | 2.80M+44.8% | 1.93M+10.1% | 1.75M-83.3% | 10.5M-5.9% | 11.2M+11.7% | |
| 14.6B-2.8% | 15.0B+1.1% | 14.9B+8.8% | 13.7B+1.3% | 13.5B+0.6% | ||
| Long-term debt | 13.0B-3.8% | 13.5B+0.2% | 13.5B+9.7% | 12.3B+2.2% | 12.0B+1.1% | |
| Operating lease liability (total) | 209M-4.3% | 218M+11.9% | 195M+2.3% | 190M-3.4% | 197M-6.0% | |
| Deferred tax liabilities | 23.4M+187.2% | 8.15M-66.7% | 24.5M-31.1% | 35.6M-40.0% | 59.3M-5.4% | |
| 12.5B+16.3% | 10.8B+13.5% | 9.49B-6.5% | 10.2B-6.5% | 10.9B+6.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 119M+8.8% | 109M+8.4% | 101M+0.7% | 99.9M+0.1% | 99.8M+6.6% | |
| Additional paid-in capital | 20.0B+13.5% | 17.6B+12.5% | 15.7B+0.7% | 15.5B+0.3% | 15.5B+9.4% | |
| Retained earnings | -7.53B-9.3% | -6.89B-10.8% | -6.21B-14.0% | -5.45B-16.4% | -4.68B-16.1% | |
| Treasury stock | 34.0K-99.9% | 25.2M+82.8% | 13.8M+2467.9% | 536K | 0.00 | |
| Accumulated other comprehensive income | -39.9M-18.9% | -33.5M+6.2% | -35.8M+2.8% | -36.8M+43.0% | -64.5M-18.7% | |
| Non-controlling interest | 58.6M+0.4% | 58.3M+3.5% | 56.3M-18.0% | 68.7M-24.8% | 91.4M-6.8% | |
| Total equity incl. non-controlling | 12.6B+16.2% | 10.8B+13.5% | 9.54B-6.6% | 10.2B-6.6% | 10.9B+6.5% | |
| Total liabilities & equity | 27.6B+5.4% | 26.2B+5.9% | 24.7B+2.3% | 24.2B-2.3% | 24.7B+3.3% | |
| Common shares issued | 475M+8.7% | 437M+8.6% | 402M+0.7% | 400M+0.1% | 399M+6.6% | |
| Common shares outstanding | 475M+8.7% | 437M+8.6% | 402M+0.7% | 400M | — | |
| Shares outstanding (cover) | 475M+8.7% | 437M+8.6% | 402M+0.6% | 400M+0.1% | 399M+6.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.65B+23.8% | 1.33B+18.7% | 1.12B-0.0% | 1.12B+9.2% | 1.03B-29.2% | ||
| Depreciation & amortization | 1.38B+10.1% | 1.25B-10.0% | 1.39B+16.3% | 1.20B+0.0% | 1.20B+7.9% | |
| Share-based compensation | 38.7M+25.0% | 31.0M+0.0% | 31.0M+0.9% | 30.7M-3.9% | 32.0M+48.8% | |
| -2.69B-13.3% | -2.38B-1187.3% | -185M+78.5% | -859M-18.7% | -724M-569.3% | ||
| Capital expenditure | 2.93B+15.7% | 2.53B+559.5% | 384M-57.4% | 901M+263.6% | 248M-34.9% | |
| Free cash flow | -1.28B-6.8% | -1.20B-263.0% | 736M+235.5% | 219M-71.8% | 778M-27.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 874M-39.5% | 1.45B+365.8% | -544M-91.5% | -284M+49.2% | -558M+57.0% | ||
| Long-term debt issued | 1.13B-40.9% | 1.91B-24.3% | 2.53B+163.9% | 958M-37.6% | 1.53B+109.2% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.34B+19.3% | 1.96B+1711.7% | 108M | 0.00-100.0% | 617M+1015.3% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 860M+16.2% | 740M+2.3% | 724M+0.4% | 720M+4.9% | 687M-26.0% | |
| Other financing activities | -23.2M-45.4% | -16.0M-79.2% | -8.91M-43.7% | -6.20M+1.7% | -6.30M-27.7% | |
| FX effect on cash | 2.84M+171.2% | -3.98M-417.0% | 1.26M+143.8% | -2.87M-298.3% | 1.45M+33.0% | |
| Interest paid | 580M+0.7% | 576M+5.0% | 548M+17.2% | 468M+16.3% | 402M-6.4% | |
| Income taxes paid | 7.31M+140.6% | 3.04M | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 36.8B+42.8% | 25.7B+28.4% | 20.1B+11.4% | 18.0B-11.8% | 20.4B+11.2% | |
| P/E | 140.5×-51.8% | 291.4×-84.0% | 1817.4× | — | 361.1×+767.0% | |
| P/S | 6.3×+20.5% | 5.2×+14.3% | 4.6×+4.1% | 4.4×-17.7% | 5.3×+10.2% | |
| P/B | 2.9×+22.8% | 2.4×+17.0% | 2.0×+17.5% | 1.7×-7.6% | 1.9×+4.2% | |
| P/FCF | — | — | 91.4×+295.0% | 23.1×-11.8% | 26.2×+52.8% | |
| Earnings yield | 0.71%+107.3% | 0.34%+523.7% | 0.06% | — | 0.28%-88.5% | |
| FCF yield | — | — | 1.1%-74.7% | 4.3%+13.4% | 3.8%-34.5% | |
| Dividend yield | 2.5%-18.8% | 3.1%-15.4% | 3.6%-9.6% | 4.0%+13.5% | 3.5%-19.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VTR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VTR filings on SEC EDGAR → Not investment advice.