A Business at a Glance
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Ventas, Inc. is an S&P 500 company focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. We hold a portfolio that includes senior housing communities, outpatient medical buildings, research centers, hospitals and healthcare facilities located in North America and the United Kingdom. As of December 31, 2025, we owned or had investments in 1,409 properties consisting of 1,374 properties in our reportable segments (“Segment Properties”) and 35 properties held by unconsolidated real estate entities in our non-segment operations. We are headquartered in Chicago, Illinois with additional corporate offices in Louisville, Kentucky and New York, New York. We elected to be taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 1999.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.8B | 5.8B | 4.9B | 4.5B | 4.1B | 3.8B |
| Net Income | 251M | 251M | 81M | -41M | -47M | 49M |
| EPS | $0.54 | $0.54 | $0.19 | $-0.10 | $-0.12 | $0.13 |
| Free Cash Flow | -1.3B | -1.3B | -1.2B | 470M | 219M | -776M |
| ROIC | 2.4% | 2.3% | 1.8% | 1.5% | 1.2% | 1.3% |
| Gross Margin | 17.9% | 17.9% | 17.3% | 12.2% | 15.9% | 14.3% |
| Debt/Equity | 2.08 | 2.08 | 2.51 | 2.84 | 2.42 | 2.22 |
| Dividends/Share | $1.85 | $1.92 | $1.80 | $1.80 | $1.80 | $1.80 |
| Operating Income | 849M | 849M | 646M | 524M | 403M | 494M |
| Operating Margin | 14.6% | 14.6% | 13.1% | 11.6% | 9.8% | 12.9% |
| ROE | 2.0% | 2.2% | 0.8% | -0.4% | -0.5% | 0.5% |
| Shares Outstanding | 466M | 466M | 427M | 410M | 395M | 377M |
Ventas, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Ventas, Inc. trades at 156.3x trailing earnings, compared to its 15-year median P/E of 35.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 30.6x vs a median of 13.1x. The company's 5-year average ROIC is 1.6% with a gross margin of 15.5%. Total shareholder yield (dividends) is 2.2%. At current prices, the estimated annualized return to fair value is -7.2%.
Ventas, Inc. (VTR) has a current P/E ratio of 156.3, compared to its historical median P/E of 35.2. The stock is currently considered Expensive based on its historical valuation range.
Ventas, Inc. (VTR) has a 5-year average return on invested capital (ROIC) of 1.6%. This is below average and may indicate limited pricing power.
Ventas, Inc. (VTR) has a market capitalization of $39.3B. It is classified as a large-cap stock.
Yes, Ventas, Inc. (VTR) pays a dividend with a trailing twelve-month yield of 2.19%.
Based on historical P/E analysis, Ventas, Inc. (VTR) appears expensive. The current P/E of 156.3 is 344% above its historical median of 35.2. The estimated fair value CAGR (P/E method) is -30.0%.
Ventas, Inc. (VTR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Ventas, Inc. (VTR) reported annual revenue of $5.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ventas, Inc. (VTR) has a net profit margin of 4.3%. This is a modest margin.
Ventas, Inc. (VTR) generated $-1.3 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Ventas, Inc. (VTR) has a debt-to-equity ratio of 2.08. This indicates higher leverage, which may increase financial risk.
Ventas, Inc. (VTR) reported earnings per share (EPS) of $0.54 in its most recent fiscal year.
Ventas, Inc. (VTR) has a return on equity (ROE) of 2.2%. This indicates moderate shareholder returns.
Ventas, Inc. (VTR) has a 5-year average gross margin of 15.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for Ventas, Inc. (VTR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ventas, Inc. (VTR) has a book value per share of $26.91, based on its most recent annual SEC filing.