The Filings Report

Ventas, Inc.

VTRNYSECIK 740260Real Estate / REITsfiscal year ends December74 quarters since 2008

Revenue, Q3 FY2026
$1.8B
+23.0% on Q3 FY2025
Net income
$65M
−1.0% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.13
−7.1% on Q3 FY2025
Revenue, TTM
$6.8B
trailing four quarters
Net margin, TTM
3.9%
net income $262M
Free cash flow, TTM
—
Cash and equivalents
$202M
long-term debt —, Sep 30, 2026
Shares, 12-month change
+12.6%
529M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$976M
2.2% of market value
Market value
$44.8B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Ventas, Inc. reported revenue of $1.8B, +23.0% on Q3 FY2025, and net income of $65M (−1.0%). Diluted earnings per share were $0.13.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 28, 2026.

Revenue and net incomeRevenueNet income
−$500M$0$500M$1.0B$1.5B$2.0BQ4'22, Revenue: $1.1BQ4'22, Net income: −$45MQ4'22Q1'23, Revenue: $1.1BQ1'23, Net income: $18MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $103MQ2'23Q3'23, Revenue: $1.1BQ3'23, Net income: −$71MQ3'23Q4'23, Revenue: $1.2BQ4'23, Net income: −$91MQ4'23Q1'24, Revenue: $1.2BQ1'24, Net income: −$14MQ1'24Q2'24, Revenue: $1.2BQ2'24, Net income: $19MQ2'24Q3'24, Revenue: $1.2BQ3'24, Net income: $19MQ3'24Q4'24, Revenue: $1.3BQ4'24, Net income: $57MQ4'24Q1'25, Revenue: $1.4BQ1'25, Net income: $47MQ1'25Q2'25, Revenue: $1.4BQ2'25, Net income: $68MQ2'25Q3'25, Revenue: $1.5BQ3'25, Net income: $66MQ3'25Q4'25, Revenue: $1.6BQ4'25, Net income: $70MQ4'25Q1'26, Revenue: $1.7BQ1'26, Net income: $56MQ1'26Q2'26, Revenue: $1.7BQ2'26, Net income: $71MQ2'26Q3'26, Revenue: $1.8BQ3'26, Net income: $65MQ3'26−$500M$0$500M$1.0B$1.5B$2.0BQ4'22, Revenue: $1.1BQ4'22, Net income: −$45MQ1'23, Revenue: $1.1BQ1'23, Net income: $18MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $103MQ3'23, Revenue: $1.1BQ3'23, Net income: −$71MQ3'23Q4'23, Revenue: $1.2BQ4'23, Net income: −$91MQ1'24, Revenue: $1.2BQ1'24, Net income: −$14MQ1'24Q2'24, Revenue: $1.2BQ2'24, Net income: $19MQ3'24, Revenue: $1.2BQ3'24, Net income: $19MQ3'24Q4'24, Revenue: $1.3BQ4'24, Net income: $57MQ1'25, Revenue: $1.4BQ1'25, Net income: $47MQ1'25Q2'25, Revenue: $1.4BQ2'25, Net income: $68MQ3'25, Revenue: $1.5BQ3'25, Net income: $66MQ3'25Q4'25, Revenue: $1.6BQ4'25, Net income: $70MQ1'26, Revenue: $1.7BQ1'26, Net income: $56MQ1'26Q2'26, Revenue: $1.7BQ2'26, Net income: $71MQ3'26, Revenue: $1.8BQ3'26, Net income: $65MQ3'26

Net income losses drawn in red.

Free cash flow
$0$50M$100M$150MQ4'22Q1'23, Free cash flow: $130MQ1'23Q2'23Q3'23Q4'23Q1'24, Free cash flow: $96MQ1'24Q2'24Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26$0$50M$100M$150MQ1'23, Free cash flow: $130MQ1'23Q3'23Q1'24, Free cash flow: $96MQ1'24Q3'24Q1'25Q3'25Q1'26Q3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15BQ4'22, Cash and equivalents: $123MQ4'22, Long-term debt: $12.3BQ4'22Q1'23, Cash and equivalents: $145MQ1'23Q2'23, Cash and equivalents: $139MQ2'23Q3'23, Cash and equivalents: $434MQ3'23Q4'23, Cash and equivalents: $509MQ4'23, Long-term debt: $13.5BQ4'23Q1'24, Cash and equivalents: $632MQ1'24Q2'24, Cash and equivalents: $557MQ2'24Q3'24, Cash and equivalents: $1.1BQ3'24Q4'24, Cash and equivalents: $898MQ4'24, Long-term debt: $13.5BQ4'24Q1'25, Cash and equivalents: $182MQ1'25Q2'25, Cash and equivalents: $614MQ2'25Q3'25, Cash and equivalents: $189MQ3'25Q4'25, Cash and equivalents: $741MQ4'25, Long-term debt: $13.0BQ4'25Q1'26, Cash and equivalents: $184MQ1'26Q2'26, Cash and equivalents: $199MQ2'26Q3'26, Cash and equivalents: $202MQ3'26$0$5B$10B$15BQ4'22, Cash and equivalents: $123MQ4'22, Long-term debt: $12.3BQ1'23, Cash and equivalents: $145MQ1'23Q2'23, Cash and equivalents: $139MQ3'23, Cash and equivalents: $434MQ3'23Q4'23, Cash and equivalents: $509MQ4'23, Long-term debt: $13.5BQ1'24, Cash and equivalents: $632MQ1'24Q2'24, Cash and equivalents: $557MQ3'24, Cash and equivalents: $1.1BQ3'24Q4'24, Cash and equivalents: $898MQ4'24, Long-term debt: $13.5BQ1'25, Cash and equivalents: $182MQ1'25Q2'25, Cash and equivalents: $614MQ3'25, Cash and equivalents: $189MQ3'25Q4'25, Cash and equivalents: $741MQ4'25, Long-term debt: $13.0BQ1'26, Cash and equivalents: $184MQ1'26Q2'26, Cash and equivalents: $199MQ3'26, Cash and equivalents: $202MQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

Ventas, Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 13, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue1,8321,7301,6571,5661,4891,4211,3581,287+23.0%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative4847634140435341+18.1%
Operating income—————————
Other income (expense)—————(6)(1)——
Pretax income53543576444341(1)+18.4%
Income tax(19)(26)(16)(1)(6)4(11)(46)−204.2%
Net income6571567066684757−1.0%
Diluted EPS ($)0.130.140.11—0.140.150.10—−7.1%
Diluted shares (millions)519498487—463459446——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

Ventas, Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 13, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents202199184741189614182898+7.1%
Short-term investments—————————
Total current assets—————————
Total assets30,62529,65627,68727,59226,92626,47526,03226,187+13.7%
Total current liabilities—————————
Long-term debt———13,011———13,523—
Total liabilities14,27314,44414,11014,63114,15214,55414,16615,047+0.9%
Stockholders’ equity15,80714,64913,12512,52712,36211,52911,47010,771+27.9%
Shares outstanding (millions)529513486475470454451437—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

Ventas, Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 13, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow490557395472379475321374+29.3%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization446408382353357348322309+24.9%
Share repurchases—————————
Dividends paid267253230226218217199189+22.3%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 6, 2026.

Income statement

Ventas, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 13, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 23, 2021FY2019ended Dec 31, 2019filed Feb 24, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 14, 2017FY2015ended Dec 31, 2015filed Feb 12, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Feb 19, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Revenue5,8344,9244,4984,1293,8283,7953,8733,7463,5743,4443,2862,7772,5172,4701,7321,001923919747
Cost of revenue———————————————————
Gross profit———————————————————
Research and development———————————————————
Selling, general and administrative177163149145130130159146135127128122115997550394136
Operating income———————————————————
Other income (expense)——————18(67)(20)——————————
Pretax income204(8)(116)(94)(162)81359385585519352351364283330223192138110
Income tax(14)(38)(10)(17)5(97)(56)(40)(60)(31)(39)(9)(12)(6)(31)5(2)(16)(28)
Net income25181(41)(47)494394334091,356649418476454363364246266223274
Diluted EPS ($)0.540.19(0.10)(0.12)0.131.171.171.143.781.861.251.601.541.231.581.561.741.592.22
Diluted shares (millions)463416406403386377370359359348334297295294231158153140123

Balance sheet

Ventas, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 13, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 23, 2021FY2019ended Dec 31, 2019filed Feb 24, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 14, 2017FY2015ended Dec 31, 2015filed Feb 12, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Feb 19, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Cash and equivalents741898509123150413106728128753559568462210710728
Short-term investments———————————————————
Total current assets———————————————————
Total assets27,59226,18724,72524,15824,71823,92924,69222,58523,95523,16722,26221,16619,73118,98017,2725,7585,6165,771—
Total current liabilities———————————————————
Long-term debt13,01113,52313,49112,29712,02811,89512,15910,73411,27611,12711,20710,8449,3658,4146,4292,9002,6703,137—
Total liabilities14,63115,04714,87813,67213,49213,41613,87312,12512,86412,43712,44012,24010,6719,7167,8133,3683,1323,592—
Stockholders’ equity12,52710,7719,48810,15310,85410,18010,44610,21610,86610,4609,5648,6808,8249,0199,2752,3872,4662,161—
Shares outstanding (millions)475437402400399375373357356355336331294292289—157——

Cash flow statement

Ventas, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 13, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 23, 2021FY2019ended Dec 31, 2019filed Feb 24, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 14, 2017FY2015ended Dec 31, 2015filed Feb 12, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Feb 19, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Operating cash flow1,6471,3301,1201,1201,0261,4501,4381,3811,4291,3551,3991,2551,195993773448422380405
Capital expenditures2,9282,5306499011,8026071,519729133117107878269501811168
Free cash flow (CFO − capex)(1,281)(1,200)470219(776)843(81)6531,2961,2371,2911,1671,113923723429411364396
Depreciation and amortization1,3791,2531,3921,1981,1971,1101,046920888899894725630715444201197230227
Share repurchases———————————————————
Dividends paid8607407247206879291,1581,1278271,0251,003876802729521336314289283

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$197K
1 purchases by 1 insider; officers and directors $197K
Sold, twelve months
$19M
20 sales by 5 insiders; officers and directors $19M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 30, 2026Smith Maurice SDirectoraward18$84.80$2K31,990Oct 30, 2026
Oct 30, 2026Martino Roxanne MDirectoraward18$84.80$2K67,681Oct 30, 2026
Oct 15, 2026Smith Maurice SDirectoraward66$84.86$6K31,891Oct 15, 2026
Oct 15, 2026Smith Maurice SDirectoraward81$84.86$7K31,972Oct 15, 2026
Oct 15, 2026Roy SumitDirectoraward55$84.86$5K25,300Oct 15, 2026
Oct 15, 2026Roy SumitDirectoraward81$84.86$7K25,381Oct 15, 2026
Oct 15, 2026Rodriguez Joe Vasquez Jr.Directoraward55$84.86$5K9,998Oct 15, 2026
Oct 15, 2026Nader Marguerite MDirectoraward81$84.86$7K23,624Oct 15, 2026
Oct 15, 2026Martino Roxanne MDirectoraward199$84.86$17K67,663Oct 15, 2026
Oct 15, 2026Lustig Matthew JDirectoraward239$84.86$20K96,421Oct 15, 2026
Oct 15, 2026Lustig Matthew JDirectoraward81$84.86$7K96,502Oct 15, 2026
Oct 15, 2026Embler Michael JDirectoraward81$84.86$7K19,354Oct 15, 2026
Oct 15, 2026Barnes Melody CDirectoraward81$84.86$7K35,459Oct 15, 2026
Oct 13, 2026Smith Maurice SDirectoraward18$83.85$2K31,825Oct 15, 2026
Oct 13, 2026Martino Roxanne MDirectoraward18$83.85$2K67,464Oct 15, 2026
Oct 6, 2026Smith Maurice SDirectoraward18$81.86$2K31,807Oct 7, 2026
Oct 6, 2026Martino Roxanne MDirectoraward18$81.86$2K67,446Oct 7, 2026
Oct 5, 2026Sayed LauridaSVP, Chief Accounting Officeraward4,301$81.36$350K4,307Oct 7, 2026
Oct 1, 2026Smith Maurice SDirectoraward478$83.73$40K31,789Oct 2, 2026
Oct 1, 2026Roy SumitDirectoraward373$83.73$31K25,245Oct 2, 2026
Oct 1, 2026Martino Roxanne MDirectoraward582$83.73$49K67,428Oct 2, 2026
Oct 1, 2026Lustig Matthew JDirectoraward448$83.73$38K96,183Oct 2, 2026
Aug 1, 2026Wattula AndyEVP OM&R-Ventas/Pres&CEO-LHSaward10,694$93.51$1000K10,694Aug 4, 2026
Aug 1, 2026Wattula AndyEVP OM&R-Ventas/Pres&CEO-LHSaward4,314$93.51$403K15,008Aug 4, 2026
Jul 16, 2026Smith Maurice SDirectoraward56$95.04$5K31,240Jul 17, 2026

Full insider history for Ventas, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held VTR in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded VTR by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$25M281,4830.04%trimmed −71.8%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Ventas, Inc., CIK 740260 on EDGAR
Extract generated
October 29, 2026
Withheld
9 line-years whose four quarters do not sum to the filed year: revenue FY2011, capex FY2012, revenue FY2013, depreciation amortization FY2014, pretax income FY2014, capex FY2016, capex FY2017, capex FY2018, capex FY2019
Repaired
6 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: capex FY2013, capex FY2014, capex FY2015, capex FY2016, capex FY2017, income tax FY2023
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss, NetIncomeLossAvailableToCommonStockholdersBasic
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets, PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet, DepreciationAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated October 29, 2026.

JSON file
/data/financials/VTR.json