Ventas, Inc. logo VTR - Ventas, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 19
HOLD 11
SELL 2
STRONG
SELL
0
| PRICE TARGET: $96.25 DETAILS
HIGH: $110.00
LOW: $88.00
MEDIAN: $95.00
CONSENSUS: $96.25
UPSIDE: 9.15%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 5,834.0 4,924.3 4,497.8 4,129.2 3,828.0 3,795.4 3,872.8 3,745.8 3,574.1 3,443.5 3,286.4 3,075.7 2,810.1 2,485.3 1,765.0 1,016.9 931.6 929.8 771.8 418.4 324.7 232.9 205.0 196.7 204.6 242.3 233.2 149.9 3,116.0 2,577.8 2,324.0
Cost of Revenue 6,178.2 2,827.1 2,561.2 2,282.9 2,088.5 1,939.8 1,810.5 1,691.3 1,486.5 1,442.1 1,410.2 1,212.2 1,117.9 979.2 678.6 325.5 302.8 306.9 198.1 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (344.2) 2,097.2 1,936.6 1,846.3 1,739.5 1,855.6 2,062.2 2,054.5 2,087.7 2,001.4 1,876.2 1,863.6 1,692.1 1,506.1 1,086.3 691.4 628.8 622.8 573.7 418.4 324.7 232.9 205.0 196.7 204.6 242.3 233.2 149.9 3,116.0 2,577.8 2,324.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 177.4 163.0 148.9 144.9 129.8 130.2 158.7 152.0 135.5 126.9 128.0 121.7 115.1 98.8 74.5 49.8 38.8 40.7 36.4 26.1 23.1 16.9 12.7 9.8 10.2 9.7 7.8 5.7 0 1,490.9 0
Other Expenses (1,348.4) 1,253.0 1,372.2 1,217.6 1,188.3 1,134.0 1,045.6 (66.8) (20.1) (10.0) (18.0) (38.9) (18.7) (7.0) 0 0 264.0 161.7 161.7 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses (1,171.0) 1,416.0 1,521.1 1,362.4 1,318.1 1,264.2 1,204.3 1,071.6 1,023.4 1,025.8 1,022.1 948.7 837.1 824.8 365.1 265.2 244.5 274.4 246.1 154.6 100.6 68.5 66.6 69.5 63.3 64.0 100.7 38.0 2,788.8 2,529.8 2,315.6
Operating Income
Operating Income 826.8 681.2 415.5 483.8 421.4 591.4 857.9 861.1 622.1 556.8 834.7 875.8 835.8 693.6 51.2 52.2 208.1 145.3 126.3 125.4 100.2 87.1 119.7 129.8 144.7 322.5 135.1 112.0 327.2 48.0 8.4
Interest Expense 612.2 602.8 574.1 467.6 440.1 469.5 451.7 442.5 448.2 419.7 367.1 376.8 334.5 293.4 236.8 178.9 177.0 203.2 204.2 136.5 0 0 80.2 86.2 0 0 0 0 0 0 0
Interest Income 22.6 0 0 0 0 0 0 0 0 0 0 4.3 2.0 1.1 0 0 0 3.0 3.0 2.9 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,238.8 1,936.7 1,949.2 1,620.5 1,716.6 1,944.7 1,903.3 1,799.6 1,947.6 1,950.1 1,813.8 1,704.0 1,588.9 1,418.5 1,000.8 609.5 578.9 584.2 549.6 399.0 312.1 213.0 159.2 171.1 185.1 191.3 177.9 141.0 451.1 147.5 97.8
EBIT 859.6 653.4 534.3 409.7 501.5 814.2 834.6 818.5 1,749.6 1,040.8 717.4 642.6 612.7 590.2 554.2 394.7 371.3 366.6 312.1 262.5 224.1 163.8 144.0 160.1 213.2 191.3 289.8 180.7 327.2 129.1 8.4
Income Before Tax 247.4 50.6 (39.8) (57.9) 61.4 344.7 383.0 376.0 584.1 522.9 350.3 448.4 478.5 298.3 330.4 227.1 194.3 145.3 120.4 130.6 120.9 100.2 96.7 50.7 54.3 (61.2) 42.5 56.0 224.5 83.2 32.4
Income Tax Expense (14.2) (37.8) (9.5) (16.9) 4.8 (96.5) (56.3) (40.0) (59.8) (31.3) (39.3) (8.7) (11.8) (6.3) (31.1) 5.2 (1.7) (15.9) (28.0) 132.5 93.5 43.5 (22.9) (2.2) 2.7 243.7 91.3 21.2 89.3 35.2 24.0
Net Income 251.4 81.2 (41.0) (47.4) 49.0 439.1 433.0 409.5 1,356.5 649.2 417.8 475.8 453.5 362.8 364.5 246.2 266.5 226.3 282.3 131.4 130.6 120.9 162.8 65.7 50.6 (65.5) 42.5 26.8 130.9 48.0 (14.9)
Per Share Data
EPS (Basic) 0.55 0.20 -0.10 -0.13 0.13 1.18 1.18 1.15 3.82 1.88 1.26 1.62 1.55 1.24 1.60 1.57 1.75 1.62 2.26 1.26 1.37 1.45 2.05 0.95 0.74 -0.96 0.63 0.39 1.90 0.68 -0.24
EPS (Diluted) 0.54 0.19 -0.10 -0.13 0.13 1.17 1.17 1.14 3.78 1.86 1.25 1.60 1.54 1.23 1.58 1.56 1.74 1.62 2.25 1.25 1.36 1.43 2.03 0.93 0.73 -0.96 0.63 0.39 1.86 0.68 -0.21
Shares Outstanding 455.1 411.8 401.8 373.4 382.8 373.4 366.0 356.3 355.3 344.7 330.3 294.2 292.7 292.1 228.5 156.6 152.6 139.6 122.6 104.2 95.0 83.5 79.3 69.3 68.4 68.0 67.8 67.7 68.9 69.7 62.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 741.1 897.9 508.8 122.6 149.7 413.3 106.4 72.3 81.4 286.7 107.4 176.8 3.4 82.1 2.5 18.6 87.4 139.6 0.3 82.5 112.5 35.2
Short-Term Investments 0 0 0 0 0 237.6 237.4 206.4 54.7 55.0 0 0 0 0 0 72.2 0 0 0 0 0 0
Net Receivables 415.6 375.7 248.2 748.9 726.0 832.4 1,047.2 800.1 1,619.3 944.1 0 0 3.2 3.8 4.1 3.6 3.4 3.6 11.0 619.1 420.8 360.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27.6 24.9 24.9
Other Current Assets 88.1 78.0 111.2 93.1 75.3 47.9 125.3 64.6 172.3 135.6 39.8 55.9 (6.6) (85.9) (6.6) (94.4) (90.8) (143.2) (11.3) 129.0 103.0 104.5
Total Current Assets 1,326.1 1,351.5 868.2 964.6 951.0 1,531.2 1,516.2 1,143.4 1,927.6 1,421.5 147.2 232.7 0 0 0 0 0 0 0 858.1 661.1 524.7
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 5,129.1 5,172.9 1,071.1 697.7 828.8 806.3 1,176.1 894.8 939.5 1,507.8 1,193.2 1,267.1
Goodwill 1,046.1 1,044.9 1,045.2 1,044.4 1,046.1 1,051.7 1,051.2 1,050.5 1,034.6 1,033.2 0 0 0 0 0 0 0 0 0 659.3 14.6 360.1
Intangible Assets 10.7 11.5 5.6 6.4 7.3 4.7 5.1 5.6 6.5 8.2 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 718.2 721.7 678.5 675.3 597.1 507.5 104.3 105.2 173.4 124.4 0 0 0 0 16.7 55.1 0 0.9 0 178.3 14.8 0
Other Non-Current Assets 24,488.1 23,055.3 22,126.2 21,456.6 22,105.1 20,824.5 21,967.9 20,279.8 20,812.4 20,579.4 339.9 365.8 (1,071.1) (697.7) (845.5) (861.5) (1,176.1) (895.7) (939.5) 131.2 85.1 78.1
Total Non-Current Assets 26,265.9 24,835.4 23,857.2 23,193.3 23,766.8 22,398.2 23,176.0 21,441.1 22,026.9 21,745.1 5,469.0 5,538.7 0 0 0 0 0 0 0 2,476.6 1,307.7 1,387.8
Total Assets 27,591.9 26,186.9 24,725.4 24,157.8 24,717.8 23,929.4 24,692.2 22,584.6 23,954.5 23,166.6 5,616.2 5,770.0 1,126.9 812.9 895.8 941.9 981.1 1,071.2 959.7 3,334.7 1,968.9 1,912.5
Current Liabilities
Account Payables 1,240.8 1,152.3 1,041.6 1,031.7 1,090.3 1,133.1 1,145.9 1,086.0 1,183.5 907.9 190.4 168.2 18.7 14.6 0 0 0 0 0 106.0 103.5 99.9
Short-Term Debt 0 6.4 14.0 428.2 336.4 193.5 848.7 856.4 538.7 146.5 0 0 0 0 0 0 0 400 400 27.5 54.7 9.6
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 4.3 7.1 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 4.0 2.7 9.2 6.5 10.8 3.2 5.2 0.2 60.3 1.5 249.3 0 (27.5) (36.2) (49.2) (36.1) (33.6) (400) (400.6) 0 0 0
Total Current Liabilities 1,388.0 1,304.8 1,182.3 1,577.0 1,544.2 1,441.2 2,111.0 2,042.3 1,876.4 1,139.7 462.1 197.2 0 0 0 0 0 0 0 413.1 341.0 285.0
Non-Current Liabilities
Long-Term Debt 13,011.0 13,516.2 13,476.9 11,868.5 11,691.1 11,701.9 11,310.0 9,877.3 10,737.4 10,980.8 2,670.1 3,137.0 843.2 640.6 707.7 848.4 886.4 974.2 531.1 1,919.6 710.5 778.1
Deferred Tax Liabilities 23.4 8.2 24.5 35.6 59.3 62.6 200.8 205.2 250.1 316.6 253.7 257.5 0 30.4 30.4 30.4 30.5 30.5 31.5 0 0 0
Other Non-Current Liabilities 375.2 310.2 302.6 264.6 280.3 235.5 273.7 188.1 158.5 200.7 (253.7) 0 (856.1) (686.3) (757.0) (899.8) (916.9) (1,004.8) (562.6) 94.7 84.1 44.1
Total Non-Current Liabilities 13,618.2 14,052.5 13,998.8 12,359.2 12,227.9 12,210.0 12,035.7 10,270.7 11,145.9 11,498.2 2,670.1 3,394.5 0 0 0 0 0 0 0 2,014.3 794.6 822.2
Total Liabilities 15,006.1 15,357.3 15,181.0 13,936.2 13,772.0 13,651.2 14,146.8 12,313.0 13,022.4 12,637.8 3,132.2 3,591.7 966.7 756.5 949.4 1,032.9 1,098.7 1,062.9 968.7 2,427.3 1,135.6 1,107.2
Stockholders' Equity
Common Stock 118.7 109.1 100.6 99.9 99.8 93.6 93.2 89.1 89.0 88.5 39.2 35.8 21.3 20.7 20.7 18.4 18.4 18.4 18.4 18.4 18.2 18.0
Retained Earnings 0 0 0 (5,449.4) (4,679.9) (4,030.4) (3,669.1) (2,930.2) (2,240.7) (2,487.7) (165.7) (117.8) (45.3) (56.8) (134.3) (134.1) (121.3) 6.4 (9.6) 281.8 150.9 102.9
Accumulated Other Comprehensive Income (7,567.6) (6,920.2) (6,249.6) (5,486.2) (4,744.4) (4,084.7) (3,703.6) (2,949.8) (2,275.8) (2,545.2) 19.7 (21.1) (9.7) (19.0) (26.9) 35.2 (1.3) (2.1) (2.0) 0 0 0
Total Stockholders' Equity 12,527.3 10,771.3 9,488.1 10,153.0 10,854.4 10,180.2 10,445.9 10,215.9 10,866.2 10,460.2 2,465.5 2,148.5 160.2 56.3 (53.6) (91.1) (117.5) 8.3 (9.0) 905.4 882.6 805.3
Total Liabilities & Equity 27,591.9 26,186.9 24,725.4 24,157.8 24,717.8 23,929.4 24,692.2 22,584.6 23,954.5 23,166.6 5,616.2 5,771.4 1,126.9 812.9 895.8 941.9 981.1 1,071.2 959.7 3,334.7 1,968.9 1,912.5
Debt Metrics
Total Debt 13,219.6 13,740.6 13,685.6 12,487.2 12,224.8 12,105.3 12,410.0 10,733.7 11,276.1 11,127.3 2,670.1 3,137.0 843.2 640.6 707.7 848.4 886.4 1,374.2 931.1 1,947.1 765.2 787.7
Net Debt 12,478.6 12,842.7 13,176.8 12,364.7 12,075.1 11,692.0 12,303.6 10,661.4 11,194.7 10,840.6 2,562.7 2,960.2 839.8 558.5 705.3 829.8 799.0 1,234.7 930.8 1,864.6 652.7 752.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 251.4 81.2 (41.0) (47.4) 49.0 439.1 433.0 409.5 1,356.6 650.2 125.2 100.2 162.8 76.8 51.9 (61.2) 42.5 34.8 137.8 48.0 23.2
Depreciation & Amortization 1,282.9 1,167.1 1,165.9 1,090.0 978.0 956.0 912.0 890.1 855.0 863.7 87.8 48.9 39.5 41.2 40.4 43.6 42.8 29.0 123.9 99.5 89.5
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 49.4 43.8 (53.6) (40.8) (43.8) 121.8 (40.3) (55.7) (40.0) (35.4) 24.4 (0.2) 6.2 15.9 (1.5) 4.3 9.4 10.8 (65.3) (56.7) (92.4)
Other Non-Cash Items 96.7 45.9 123.3 146.7 60.7 (66.8) 133.2 195.0 (723.2) (111.0) (13.7) 1.5 (71.2) (17.6) (10.8) 98.7 8.9 (12.2) 21.4 127.5 117.0
Operating Cash Flow 1,680.4 1,338.0 1,194.5 1,148.5 1,044.0 1,450.2 1,438.0 1,438.9 1,434.9 1,367.5 213.6 150.0 137.4 116.4 79.9 85.3 103.6 86.8 270.9 183.5 113.6
Investing Activities
Capital Expenditure (363.9) (281.6) (259.4) (222.1) (185.3) (148.2) (156.7) (131.9) (132.6) (117.5) (213.6) (323.9) (0.3) (0.3) (1.1) 0 (0.3) (14.6) (281.7) (135.0) (136.9)
Acquisitions (2.0) (7.4) 31.7 5.2 (22.5) (6.9) 6.3 (2.8) (11.4) 4.5 0 21.1 0 28.6 0 0 0 0 0 0 0
Purchases of Investments (2,631.2) (2,443.3) (523.3) (792.9) (1,746.5) (861.0) (2,624.1) (873.3) (1,773.1) (1,731.4) (589.6) 0 0 (71.9) 0 0 0 0 (4.5) (0.4) (12.8)
Sales/Maturities of Investments 262.0 336.0 494.2 113.8 1,188.5 1,163.4 1,165.2 1,265.3 961.0 620.6 1.4 0 0.2 7.0 6.1 0 0 0 8.7 78.2 4.7
Other Investing Activities 5.0 3.5 17.6 13.7 1.3 0.2 30.2 6.9 1.4 (6.4) (26.9) 4.1 159.8 2.5 (2.2) 5.4 0.7 13.7 (956.2) (23.7) (66.7)
Investing Cash Flow (2,730.1) (2,392.8) (239.2) (882.3) (764.5) 147.4 (1,579.2) 264.2 (954.7) (1,230.2) (615.0) (298.7) 159.7 (34.1) 2.8 5.4 0.4 (0.9) (1,233.7) (81.0) (211.6)
Financing Activities
Net Debt Issuance (670.5) 249.1 97.7 468.8 (448.0) (409.0) 363.5 (615.3) 100.1 (171.1) 418.2 97.0 (104.6) 485.3 (38.0) (100.5) 43.1 (73.6) 1,000.8 (1.5) 124.8
Stock Repurchased 0 0 0 (1.5) (0.1) (0.6) (2.2) (1.4) 0 0 0 0 0 0 0 0 0 0 (81.7) (55.3) 0
Dividends Paid (860.1) (740.3) (723.6) (720.3) (686.9) (928.8) (1,157.7) (1,127.1) (827.3) (1,025.0) (125.8) (103.5) (80.2) (50.1) (65.3) (42.4) (26.5) 0 0 0 (2.8)
Other Financing Activities (45.9) (44.7) (47.1) (44.8) (26.6) (25.2) (27.5) (15.3) (6.3) 6.6 (11.6) (5.3) (55.2) (630.7) (48.7) 0 18.7 (12.0) (0.2) (23.0) (9.6)
Financing Cash Flow 875.7 1,452.6 (563.9) (289.1) (536.0) (1,293.1) 154.4 (1,759.1) (659.9) 97.2 389.6 70.0 (217.4) (98.4) (151.5) (142.9) 35.3 (85.5) 932.7 (25.3) 94.2
Cash Position
Net Change in Cash (171.1) 393.8 392.7 (25.9) (255.0) 305.5 14.6 (56.8) (205.4) 233.7 (1.7) (78.7) 79.6 (16.1) (68.8) (52.2) 139.3 (85.5) (30.0) 77.3 (3.8)
Cash at Beginning 957.2 563.5 170.7 196.6 451.6 146.1 131.5 188.3 286.7 53.0 3.4 82.1 2.5 18.6 87.4 139.6 0.3 85.8 112.5 35.2 39.0
Cash at End 786.1 957.2 563.5 170.7 196.6 451.6 146.1 131.5 81.4 286.7 1.6 3.4 82.1 2.5 18.6 87.4 139.6 0.3 82.5 112.5 35.2
Free Cash Flow 1,316.6 1,056.4 935.1 926.3 858.7 1,301.9 1,281.2 1,307.1 1,302.4 1,250.0 0 (174.0) 137.1 116.1 78.8 85.3 103.3 72.2 (10.7) 48.5 (23.3)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 5,834.0 4,924.3 4,497.8 4,129.2 3,828.0 3,795.4 3,872.8 3,745.8 3,574.1 3,443.5 3,286.4 3,075.7 2,810.1 2,485.3 1,765.0 1,016.9 931.6 929.8 771.8 418.4 324.7 232.9 205.0 196.7 204.6 242.3 233.2 149.9 3,116.0 2,577.8 2,324.0
Gross Profit (344.2) 2,097.2 1,936.6 1,846.3 1,739.5 1,855.6 2,062.2 2,054.5 2,087.7 2,001.4 1,876.2 1,863.6 1,692.1 1,506.1 1,086.3 691.4 628.8 622.8 573.7 418.4 324.7 232.9 205.0 196.7 204.6 242.3 233.2 149.9 3,116.0 2,577.8 2,324.0
Operating Income 826.8 681.2 415.5 483.8 421.4 591.4 857.9 861.1 622.1 556.8 834.7 875.8 835.8 693.6 51.2 52.2 208.1 145.3 126.3 125.4 100.2 87.1 119.7 129.8 144.7 322.5 135.1 112.0 327.2 48.0 8.4
Net Income 251.4 81.2 (41.0) (47.4) 49.0 439.1 433.0 409.5 1,356.5 649.2 417.8 475.8 453.5 362.8 364.5 246.2 266.5 226.3 282.3 131.4 130.6 120.9 162.8 65.7 50.6 (65.5) 42.5 26.8 130.9 48.0 (14.9)
EPS (Diluted) 0.54 0.19 -0.10 -0.13 0.13 1.17 1.17 1.14 3.78 1.86 1.25 1.60 1.54 1.23 1.58 1.56 1.74 1.62 2.25 1.25 1.36 1.43 2.03 0.93 0.73 -0.96 0.63 0.39 1.86 0.68 -0.21
Balance Sheet
Cash & Equivalents 741.1 897.9 508.8 122.6 149.7 413.3 106.4 72.3 81.4 286.7 107.4 176.8 3.4 82.1 2.5 18.6 87.4 139.6 0.3 82.5 112.5 35.2
Total Assets 27,591.9 26,186.9 24,725.4 24,157.8 24,717.8 23,929.4 24,692.2 22,584.6 23,954.5 23,166.6 5,616.2 5,770.0 1,126.9 812.9 895.8 941.9 981.1 1,071.2 959.7 3,334.7 1,968.9 1,912.5
Total Debt 13,219.6 13,740.6 13,685.6 12,487.2 12,224.8 12,105.3 12,410.0 10,733.7 11,276.1 11,127.3 2,670.1 3,137.0 843.2 640.6 707.7 848.4 886.4 1,374.2 931.1 1,947.1 765.2 787.7
Stockholders' Equity 12,527.3 10,771.3 9,488.1 10,153.0 10,854.4 10,180.2 10,445.9 10,215.9 10,866.2 10,460.2 2,465.5 2,148.5 160.2 56.3 (53.6) (91.1) (117.5) 8.3 (9.0) 905.4 882.6 805.3
Cash Flow
Operating Cash Flow 1,680.4 1,338.0 1,194.5 1,148.5 1,044.0 1,450.2 1,438.0 1,438.9 1,434.9 1,367.5 213.6 150.0 137.4 116.4 79.9 85.3 103.6 86.8 270.9 183.5 113.6
Capital Expenditure (363.9) (281.6) (259.4) (222.1) (185.3) (148.2) (156.7) (131.9) (132.6) (117.5) (213.6) (323.9) (0.3) (0.3) (1.1) 0 (0.3) (14.6) (281.7) (135.0) (136.9)
Free Cash Flow 1,316.6 1,056.4 935.1 926.3 858.7 1,301.9 1,281.2 1,307.1 1,302.4 1,250.0 0 (174.0) 137.1 116.1 78.8 85.3 103.3 72.2 (10.7) 48.5 (23.3)