Ventas (VTR) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$0.11

$0.11$0.11

2 analysts

Next Qtr

$0.15

$0.13$0.17

vs $0.12+24.0%

2 analysts

Current Yr

$0.54

$0.46$0.61

vs $0.45+18.6%

2 analysts

Next Yr

$0.85

$0.62$0.99

vs $0.54+58.3%

3 analysts

Revenue Estimates

Current Qtr

$1.67B

$1.66B$1.68B

vs $1.42B+17.8%

2 analysts

Next Qtr

$1.72B

$1.71B$1.74B

vs $1.49B+15.8%

2 analysts

Current Yr

$6.88B

$6.76B$7.00B

vs $5.83B+17.9%

4 analysts

Next Yr

$7.65B

$7.26B$8.01B

vs $6.88B+11.2%

4 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for VTR on EDGAR.

VTR filing events and research context
Filed	Item	Context
Apr 28, 2026	mda_quarterly	Ventas, Inc. reported a strong first quarter for 2026, with total Net Operating Income (NOI) increasing 14.4% to $651.1 million and Net Income attributable to common stockholders rising 22.1% to $55.9 million. Normalized Funds From Operations (FFO) grew to $455.6 million. The Senior Housing Operating Portfolio (SHOP) segment was a primary growth driver, with NOI surging 41.6% to $374.5 million, fueled by the acquisition of 29 communities for $1.0 billion and conversions from the Triple-Net (NNN) segment. Same-store SHOP NOI increased 15.4%, driven by higher average occupancy of 90.4% and increased revenue per occupied room. The Outpatient Medical and Research (OM&R) segment saw NOI increase 3.1% to $150.6 million, with same-store NOI up 2.3% due to new leasing activity, high tenant retention, and a development project, maintaining 88.6% occupancy. Conversely, NNN segment NOI decreased 21.2% to $120.2 million, largely due to properties transitioning to SHOP and dispositions, though same-store NNN NOI rose 1.7% from contractual rent escalators. Ventas maintained strong liquidity of $5.5 billion, including $3.5 billion on its revolving credit facility and $1.4 billion from unsettled equity forward sales. The company actively managed its capital structure, repaying $500 million of 4.13% Senior Notes and amending a term loan to extend maturity and increase capacity. Equity financing included entering into equity forward sales agreements for 13.8 million shares, generating $1.2 billion in gross proceeds, with $800 million already settled. Post-quarter, Ventas acquired an additional 13 SHOP communities for $599.0 million.
Feb 6, 2026	business	Ventas operates as a healthcare real estate investment trust (REIT) specializing in senior housing, outpatient medical buildings, and research facilities across the United States, Canada, and the United Kingdom. The company drives growth through strategic acquisitions, redevelopment, and co-investment vehicles, including the Ventas Investment Management (VIM) platform. A primary financial concern is the company's significant leverage, with approximately $13.1 billion in outstanding principal indebtedness as of December 31, 2025. Ventas faces a structural interest rate risk due to the mismatch between fixed-rate rental income from triple-net leases and variable-rate debt obligations. Operational risks include construction cost overruns, labor shortages, and potential market saturation in the senior housing sector. The company is currently integrating artificial intelligence to enhance geospatial intelligence and operational efficiencies. Regulatory risks are centered on maintaining strict REIT tax status, managing healthcare licensure within its SHOP segment, and adhering to global data privacy mandates such as HIPAA and GDPR. Additionally, Ventas is exposed to risks from healthcare industry consolidation, which may increase dependence on a small group of third-party managers, and catastrophic weather events that could result in losses exceeding insurance coverage.
Feb 6, 2026	mda	Ventas, Inc. fully and unconditionally guarantees the principal and interest payments for registered senior notes issued by its wholly owned subsidiary, Ventas Realty. No other entities within the organization serve as issuers or guarantors of registered debt securities. A primary financial risk involves contractual and legal restrictions, specifically those found in instruments governing subsidiary mortgage indebtedness, which may limit the company's ability to extract cash from subsidiaries to satisfy debt service obligations and payment guarantees. Because the combined assets, liabilities, and operational results of Ventas Realty and Ventas, Inc.—excluding investments in other subsidiaries—are immaterial to the consolidated financial position, the company has excluded summarized financial information for these entities pursuant to Rule 13-01 of Regulation S-X.

Filed

Item

Context

Apr 28, 2026

mda_quarterly

Ventas, Inc. reported a strong first quarter for 2026, with total Net Operating Income (NOI) increasing 14.4% to $651.1 million and Net Income attributable to common stockholders rising 22.1% to $55.9 million. Normalized Funds From Operations (FFO) grew to $455.6 million. The Senior Housing Operating Portfolio (SHOP) segment was a primary growth driver, with NOI surging 41.6% to $374.5 million, fueled by the acquisition of 29 communities for $1.0 billion and conversions from the Triple-Net (NNN) segment. Same-store SHOP NOI increased 15.4%, driven by higher average occupancy of 90.4% and increased revenue per occupied room. The Outpatient Medical and Research (OM&R) segment saw NOI increase 3.1% to $150.6 million, with same-store NOI up 2.3% due to new leasing activity, high tenant retention, and a development project, maintaining 88.6% occupancy. Conversely, NNN segment NOI decreased 21.2% to $120.2 million, largely due to properties transitioning to SHOP and dispositions, though same-store NNN NOI rose 1.7% from contractual rent escalators. Ventas maintained strong liquidity of $5.5 billion, including $3.5 billion on its revolving credit facility and $1.4 billion from unsettled equity forward sales. The company actively managed its capital structure, repaying $500 million of 4.13% Senior Notes and amending a term loan to extend maturity and increase capacity. Equity financing included entering into equity forward sales agreements for 13.8 million shares, generating $1.2 billion in gross proceeds, with $800 million already settled. Post-quarter, Ventas acquired an additional 13 SHOP communities for $599.0 million.

Feb 6, 2026

business

Ventas operates as a healthcare real estate investment trust (REIT) specializing in senior housing, outpatient medical buildings, and research facilities across the United States, Canada, and the United Kingdom. The company drives growth through strategic acquisitions, redevelopment, and co-investment vehicles, including the Ventas Investment Management (VIM) platform. A primary financial concern is the company's significant leverage, with approximately $13.1 billion in outstanding principal indebtedness as of December 31, 2025. Ventas faces a structural interest rate risk due to the mismatch between fixed-rate rental income from triple-net leases and variable-rate debt obligations. Operational risks include construction cost overruns, labor shortages, and potential market saturation in the senior housing sector. The company is currently integrating artificial intelligence to enhance geospatial intelligence and operational efficiencies. Regulatory risks are centered on maintaining strict REIT tax status, managing healthcare licensure within its SHOP segment, and adhering to global data privacy mandates such as HIPAA and GDPR. Additionally, Ventas is exposed to risks from healthcare industry consolidation, which may increase dependence on a small group of third-party managers, and catastrophic weather events that could result in losses exceeding insurance coverage.

Feb 6, 2026

mda

Ventas, Inc. fully and unconditionally guarantees the principal and interest payments for registered senior notes issued by its wholly owned subsidiary, Ventas Realty. No other entities within the organization serve as issuers or guarantors of registered debt securities. A primary financial risk involves contractual and legal restrictions, specifically those found in instruments governing subsidiary mortgage indebtedness, which may limit the company's ability to extract cash from subsidiaries to satisfy debt service obligations and payment guarantees. Because the combined assets, liabilities, and operational results of Ventas Realty and Ventas, Inc.—excluding investments in other subsidiaries—are immaterial to the consolidated financial position, the company has excluded summarized financial information for these entities pursuant to Rule 13-01 of Regulation S-X.

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VTR filing events and research context

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