InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

Ventas

VTR Clue Score51
United States Fiscal year ends December CIK 0000740260
$82.04 +0.34% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $82.04 +50.17% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue3.44Net income0.65EPS, diluted1.86Fiscal year 2017Revenue3.57 +3.8%Net income1.36 +108.9%EPS, diluted3.78 +103.2%Fiscal year 2018Revenue3.75 +4.8%Net income0.42 −69.4%EPS, diluted1.14 −69.8%Fiscal year 2019Revenue3.87 +3.4%Net income0.44 +5.6%EPS, diluted1.17 +2.6%Fiscal year 2020Revenue3.80 −2.0%Net income0.44 +0.4%EPS, diluted1.17 +0.0%Fiscal year 2021Revenue3.83 +0.9%Net income0.06 −87.2%EPS, diluted0.13 −88.9%Fiscal year 2022Revenue4.13 +7.9%Net income−0.04 −172.4%EPS, diluted−0.12 −192.3%Fiscal year 2023Revenue4.50 +8.9%Net income−0.03EPS, diluted−0.10Fiscal year 2024Revenue4.92 +9.5%Net income0.09EPS, diluted0.19Fiscal year 2025Revenue5.83 +18.5%Net income0.26 +196.0%EPS, diluted0.54 +184.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.44 3.57 3.75 3.87 3.80 3.83 4.13 4.50 4.92 5.83
Growth +3.8% +4.8% +3.4% −2.0% +0.9% +7.9% +8.9% +9.5% +18.5%
Net income 0.65 1.36 0.42 0.44 0.44 0.06 −0.04 −0.03 0.09 0.26
Growth +108.9% −69.4% +5.6% +0.4% −87.2% −172.4% +196.0%
EPS, diluted 1.86 3.78 1.14 1.17 1.17 0.13 −0.12 −0.10 0.19 0.54
Growth +103.2% −69.8% +2.6% +0.0% −88.9% −192.3% +184.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin18.9%Free cash flow margin35.9%Fiscal year 2017Net margin38.1%Free cash flow margin36.3%Fiscal year 2018Net margin11.1%Free cash flow margin33.4%Fiscal year 2019Net margin11.3%Free cash flow margin33.1%Fiscal year 2020Net margin11.6%Free cash flow margin22.2%Fiscal year 2021Net margin1.5%Free cash flow margin−20.3%Fiscal year 2022Net margin−1.0%Free cash flow margin5.3%Fiscal year 2023Net margin−0.7%Free cash flow margin10.5%Fiscal year 2024Net margin1.8%Free cash flow margin−24.4%Fiscal year 2025Net margin4.5%Free cash flow margin−22.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 18.9% 38.1% 11.1% 11.3% 11.6% 1.5% −1.0% −0.7% 1.8% 4.5%
Free cash flow margin 35.9% 36.3% 33.4% 33.1% 22.2% −20.3% 5.3% 10.5% −24.4% −22.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.35Capital expenditure−0.12Free cash flow1.24Dividends paid−1.02Fiscal year 2017Operating cash flow1.43Capital expenditure−0.13Free cash flow1.30 +4.8%Dividends paid−0.83Fiscal year 2018Operating cash flow1.38Capital expenditure−0.13Free cash flow1.25 −3.6%Dividends paid−1.13Fiscal year 2019Operating cash flow1.44Capital expenditure−0.16Free cash flow1.28 +2.5%Dividends paid−1.16Fiscal year 2020Operating cash flow1.45Capital expenditure−0.61Free cash flow0.84 −34.2%Dividends paid−0.93Fiscal year 2021Operating cash flow1.03Capital expenditure−1.80Free cash flow−0.78 −192.1%Dividends paid−0.69Fiscal year 2022Operating cash flow1.12Capital expenditure−0.90Free cash flow0.22Dividends paid−0.72Fiscal year 2023Operating cash flow1.12Capital expenditure−0.65Free cash flow0.47 +114.3%Dividends paid−0.72Fiscal year 2024Operating cash flow1.33Capital expenditure−2.53Free cash flow−1.20 −355.1%Dividends paid−0.74Fiscal year 2025Operating cash flow1.65Capital expenditure−2.93Free cash flow−1.28Dividends paid−0.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.35 1.43 1.38 1.44 1.45 1.03 1.12 1.12 1.33 1.65
Capital expenditure −0.12 −0.13 −0.13 −0.16 −0.61 −1.80 −0.90 −0.65 −2.53 −2.93
Free cash flow 1.24 1.30 1.25 1.28 0.84 −0.78 0.22 0.47 −1.20 −1.28
Growth +4.8% −3.6% +2.5% −34.2% −192.1% +114.3% −355.1%
Dividends paid −1.02 −0.83 −1.13 −1.16 −0.93 −0.69 −0.72 −0.72 −0.74 −0.86

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.29Total debt11.13Net cash (debt)−10.84Shareholders’ equity10.46Debt to equity1.06Fiscal year 2017Cash0.08Total debt11.28Net cash (debt)−11.19Shareholders’ equity10.87Debt to equity1.04Fiscal year 2018Cash0.07Total debt10.73Net cash (debt)−10.66Shareholders’ equity10.22Debt to equity1.05Fiscal year 2019Cash0.11Total debt12.16Net cash (debt)−12.05Shareholders’ equity10.45Debt to equity1.16Fiscal year 2020Cash0.41Total debt11.90Net cash (debt)−11.48Shareholders’ equity10.18Debt to equity1.17Fiscal year 2021Cash0.15Total debt12.03Net cash (debt)−11.88Shareholders’ equity10.85Debt to equity1.11Fiscal year 2022Cash0.12Total debt12.30Net cash (debt)−12.17Shareholders’ equity10.15Debt to equity1.21Fiscal year 2023Cash0.51Total debt13.49Net cash (debt)−12.98Shareholders’ equity9.49Debt to equity1.42Fiscal year 2024Cash0.90Total debt13.52Net cash (debt)−12.62Shareholders’ equity10.77Debt to equity1.26Fiscal year 2025Cash0.74Total debt13.01Net cash (debt)−12.27Shareholders’ equity12.53Debt to equity1.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.29 0.08 0.07 0.11 0.41 0.15 0.12 0.51 0.90 0.74
Total debt 11.13 11.28 10.73 12.16 11.90 12.03 12.30 13.49 13.52 13.01
Net cash (debt) −10.84 −11.19 −10.66 −12.05 −11.48 −11.88 −12.17 −12.98 −12.62 −12.27
Shareholders’ equity 10.46 10.87 10.22 10.45 10.18 10.85 10.15 9.49 10.77 12.53
Debt to equity 1.06 1.04 1.05 1.16 1.17 1.11 1.21 1.42 1.26 1.04

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.1% 16.4% 10.3% 9.3% 2.1% −4.2% −2.3% −2.6% −0.2% 3.5%
18.9% 38.1% 11.1% 11.3% 11.6% 1.5% −1.0% −0.7% 1.8% 4.5%
35.9% 36.3% 33.4% 33.1% 22.2% −20.3% 5.3% 10.5% −24.4% −22.0%
Spending
3.7% 3.8% 3.9% 4.1% 3.4% 3.4% 3.5% 3.3% 3.3% 3.0%
3.4% 3.7% 3.5% 4.0% 16.0% 47.1% 21.8% 14.4% 51.4% 50.2%
−6.0% −10.2% −10.4% −15.7% −119.8% n/a n/a n/a n/a −6.9%
Returns
6.2% 12.5% 4.1% 4.2% 4.3% 0.5% −0.4% −0.3% 0.8% 2.1%
2.8% 5.7% 1.8% 1.8% 1.8% 0.2% −0.2% −0.1% 0.3% 0.9%
Balance and payout
1.06 1.04 1.05 1.16 1.17 1.11 1.21 1.42 1.26 1.04
53.7% 53.7% 53.7% 56.2% 56.1% 54.6% 56.6% 60.2% 57.5% 53.0%
157.3% 60.8% 271.0% 263.5% 210.5% 1,214.5% n/a n/a 837.9% 328.9%
82.8% 63.8% 90.2% 90.4% 110.2% n/a 328.2% 153.8% n/a n/a