Ventas, Inc. (VTR) stock

VTRNYSEReal Estate Investment TrustsFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 7/30116% above fair value

$84.80+1.09 (+1.30%)

Close on Oct 30, 2026Market cap $43.50BP/E 157.0Yield 2.26%

Earnings

Ventas's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 4, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$1.83B

+23.0% on a year earlier

Normalized FFO per share, Q3 FY2026

$0.99

$0.88 a year earlier

Latest guidance

Issued

Oct 27, 2026 · 3 items

Quarterly results

Revenue and earnings per share from each of Ventas's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Feb 4, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 27, 2026after the close	$1.83B	+23.0%	$0.13	$0.99	Release
Q2 FY2026ended Jun 30, 2026	Jul 29, 2026after the close	$1.73B	–	$0.14	$0.97	Release
Q1 FY2026ended Mar 31, 2026	Apr 27, 2026after the close	$1.66B	–	$0.11	$0.94	Release
Q4 FY2025ended Dec 31, 2025	Feb 5, 2026after the close	$1.57B	+21.7%	$0.15	$0.89	Release
Q3 FY2025ended Sep 30, 2025	Oct 29, 2025after the close	$1.49B	+20.4%	$0.14	$0.88	Release
Q2 FY2025ended Jun 30, 2025	Jul 30, 2025after the close	–	–	–	–	Release
Q1 FY2025ended Mar 31, 2025	Apr 30, 2025after the close	–	–	–	–	Release
Q4 FY2024ended Dec 31, 2024	Feb 12, 2025after the close	$1.29B	+10.5%	$0.13	$0.81	Release
Q3 FY2024ended Sep 30, 2024	Oct 30, 2024after the close	$1.24B	+7.5%	$0.05	$0.80	Release
Q2 FY2024ended Jun 30, 2024	Aug 1, 2024after the close	$1.20B	+8.6%	$0.05	$0.80	Release
Q1 FY2024ended Mar 31, 2024	May 1, 2024after the close	$1.20B	+11.4%	-$0.04	$0.78	Release
Q4 FY2023ended Dec 31, 2023	Feb 15, 2024before the open	$1.16B	+10.7%	-$0.23	$0.76	Release
Q3 FY2023ended Sep 30, 2023	Nov 2, 2023after the close	$1.15B	+10.9%	-$0.18	$0.75	Release
Q2 FY2023ended Jun 30, 2023	Aug 3, 2023after the close	$1.11B	+8.2%	$0.26	$0.75	Release
Q1 FY2023ended Mar 31, 2023	May 8, 2023after the close	$1.08B	+5.9%	$0.04	$0.74	Release
Q4 FY2022ended Dec 31, 2022	Feb 9, 2023after the close	$1.05B	+2.8%	-$0.11	$0.73	Release
Q3 FY2022ended Sep 30, 2022	Nov 4, 2022after the close	$1.04B	+6.3%	$0.00	$0.76	Release
Q2 FY2022ended Jun 30, 2022	Aug 4, 2022after the close	$1.02B	–	-$0.11	$0.72	Release
Q1 FY2022ended Mar 31, 2022	May 5, 2022after the close	$1.02B	–	$0.10	$0.79	Release
Q4 FY2021ended Dec 31, 2021	Feb 17, 2022after the close	$1.02B	–	-$0.10	$0.73	Release
Q3 FY2021ended Sep 30, 2021	Nov 5, 2021before the open	$976.08M	–	$0.16	$0.73	Release
Q2 FY2021ended Jun 30, 2021	Aug 6, 2021before the open	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 7, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Feb 18, 2021before the open	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Nov 6, 2020before the open	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Ventas's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Attributable Net Income Per Share RangeGAAP	FY2026	$0.64 – $0.67	–	New	Oct 27, 2026
Attributable Net Income Per Share RangeGAAP	FY2026	$0.58 – $0.63	$0.56 – $0.63	Raised	Jul 29, 2026
Normalized FFO Per Share Rangenon-GAAP	FY2026	$3.85 – $3.90	$3.82 – $3.89	Raised	Jul 29, 2026
Normalized FFO Per Share Range*non-GAAP	FY2026	$3.87 – $3.90	–	New	Oct 27, 2026
FAD capital expendituresnon-GAAP	FY2026	$400.00M	–	New	Jul 29, 2026
FAD capital expenditures	FY2026	$400.00M	–	New	Feb 5, 2026
% Year-over-year growth	FY2026	+6% – +9%	–	New	Feb 5, 2026
Disposition proceeds	FY2026	$300.00M	–	Lowered	Feb 5, 2026
Interest and other income	FY2026	$8.00M	–	Lowered	Feb 5, 2026
Interest expense	FY2026	$636.00M	–	Raised	Feb 5, 2026
investments focused on senior housing	FY2026	$2.50B	–	New	Feb 5, 2026
Nareit FFO attributable to common stockholdersnon-GAAP	FY2026	$1.83B – $1.88B	–	New	Feb 5, 2026
Nareit FFO Per Share Range*non-GAAP	FY2026	$3.83 – $3.86	–	New	Oct 27, 2026
Nareit FFO Per Share Range*non-GAAP	FY2026	$3.63 – $3.73	–	New	Feb 5, 2026
Net income attributable to common stockholdersGAAP	FY2026	$260.00M – $310.00M	–	New	Feb 5, 2026
Normalized FFO attributable to common stockholdersnon-GAAP	FY2026	$1.90B – $1.95B	–	Raised	Feb 5, 2026

Guidance vs results

The last range Ventas gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q4 FY2022	EPS (GAAP)	$0.06 – $0.12	-$0.11	Below range
Q4 FY2022	Normalized FFO	$0.68 – $0.74	$0.73	Within range
Q3 FY2022	EPS (GAAP)	$0.04 – $0.09	$0.00	Below range
Q3 FY2022	Normalized FFO	$0.73 – $0.78	$0.76	Within range
Q2 FY2022	EPS (GAAP)	-$0.03 – $0.01	-$0.11	Below range
Q2 FY2022	Normalized FFO* per share	$0.69 – $0.73	$0.72	Within range
Q1 FY2022	EPS (GAAP)	$0.07 – $0.11	$0.10	Within range
Q1 FY2022	Normalized FFO*	$0.76 – $0.80	$0.79	Within range
Q4 FY2021	EPS (GAAP)	$0.01 – $0.05	-$0.10	Below range
Q4 FY2021	Normalized FFO	$0.67 – $0.71	$0.73	Above range

Guidance history

Every forecast Ventas put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 27, 2026	Normalized FFO Per Share Range*	FY2026	$3.87 – $3.90	New
Oct 27, 2026	Attributable Net Income Per Share Range	FY2026	$0.64 – $0.67	New
Oct 27, 2026	Nareit FFO Per Share Range*	FY2026	$3.83 – $3.86	New
Jul 29, 2026	FAD capital expenditures	FY2026	$400.00M	New
Jul 29, 2026	Normalized FFO Per Share Range	FY2026	$3.85 – $3.90	Raised
Jul 29, 2026	Attributable Net Income Per Share Range	FY2026	$0.58 – $0.63	Raised
Apr 27, 2026	Normalized FFO Per Share	FY2026	$3.82 – $3.89	Raised
Apr 27, 2026	Attributable Net Income Per Share	FY2026	$0.56 – $0.63	Raised
Feb 5, 2026	FAD capital expenditures	FY2026	$400.00M	New
Feb 5, 2026	Normalized FFO Per Share Range*	FY2026	$3.78 – $3.88	New
Feb 5, 2026	Attributable Net Income Per Share Range	FY2026	$0.52 – $0.62	New
Feb 5, 2026	Net income attributable to common stockholders	FY2026	$260.00M – $310.00M	New
Feb 5, 2026	% Year-over-year growth	FY2026	+6% – +9%	New
Feb 5, 2026	investments focused on senior housing	FY2026	$2.50B	New
Feb 5, 2026	Disposition proceeds	FY2026	$300.00M	Lowered
Feb 5, 2026	Interest expense	FY2026	$636.00M	Raised
Feb 5, 2026	Interest and other income	FY2026	$8.00M	Lowered
Feb 5, 2026	Nareit FFO attributable to common stockholders	FY2026	$1.83B – $1.88B	New
Feb 5, 2026	Normalized FFO attributable to common stockholders	FY2026	$1.90B – $1.95B	Raised
Feb 5, 2026	Nareit FFO Per Share Range*	FY2026	$3.63 – $3.73	New
Oct 29, 2025	FAD capital expenditures	FY2025	$285.00M	Reaffirmed
Oct 29, 2025	% Year-over-year growth	FY2025	+8% – +9%	New
Oct 29, 2025	senior housing investment volume expectations	FY2025	$2.50B	Raised
Oct 29, 2025	Net income attributable to common stockholders	FY2025	$225.00M – $239.00M	New
Oct 29, 2025	Nareit FFO attributable to common stockholders	FY2025	$1.59B – $1.60B	New
Oct 29, 2025	Normalized FFO attributable to common stockholders	FY2025	$1.60B – $1.61B	Raised
Jul 30, 2025	FAD capital expenditures	FY2025	$285.00M	New
Jul 30, 2025	investment volume	FY2025	$2.00B	New
Jul 30, 2025	General and administrative expenses	FY2025	$178.00M	Lowered
Jul 30, 2025	Interest expense	FY2025	$615.00M	Raised
Jul 30, 2025	Interest and other income	FY2025	$15.00M	Lowered
Jul 30, 2025	Disposition proceeds	FY2025	$200.00M	Raised
Apr 30, 2025	senior housing investment volume	FY2025	$1.50B	Raised
Apr 30, 2025	FAD capital expenditures	FY2025	$285.00M	Lowered
Apr 30, 2025	Net disposition proceeds	FY2025	$200.00M	Raised
Apr 30, 2025	General and administrative expenses	FY2025	$172.00M	Lowered
Apr 30, 2025	Interest expense	FY2025	$618.00M	Raised
Apr 30, 2025	Interest and other income	FY2025	$11.00M	Lowered
Feb 12, 2025	FAD capital expenditures	FY2025	$285.00M	New
Feb 12, 2025	Normalized FFO Per Share	FY2025	$3.35 – $3.46	New
Feb 12, 2025	Attributable Net Income Per Share	FY2025	$0.42 – $0.53	New
Feb 12, 2025	% Year-over-year growth	FY2025	+5% – +8%	New
Feb 12, 2025	General and administrative expenses	FY2025	$172.00M	New
Feb 12, 2025	Net income attributable to common stockholders	FY2025	$192.00M – $244.00M	New
Feb 12, 2025	Nareit FFO attributable to common stockholders	FY2025	$1.49B – $1.54B	New
Feb 12, 2025	Normalized FFO attributable to common stockholders	FY2025	$1.53B – $1.58B	Raised
Feb 12, 2025	Nareit FFO Per Share	FY2025	$3.27 – $3.38	New
Oct 30, 2024	FAD capital expenditures	FY2024	$250.00M	New
Oct 30, 2024	Normalized Per Share FFO Range	FY2024	$3.14 – $3.18	Raised
Oct 30, 2024	Attributable Net Income Per Share Range	FY2024	$0.09 – $0.13	Raised
Oct 30, 2024	General and administrative expenses	FY2024	$155.00M – $160.00M	New
Oct 30, 2024	Interest expense	FY2024	$605.00M – $609.00M	Raised
Oct 30, 2024	Nareit FFO Per Share Range	FY2024	$3.04 – $3.08	Raised
Aug 1, 2024	Normalized Per Share FFO Range	FY2024	$3.12 – $3.18	Raised
Aug 1, 2024	Attributable Net Income Per Share Range	FY2024	$0.07 – $0.13	Raised
May 1, 2024	Normalized Per Share FFO Range*	FY2024	$3.10 – $3.18	Raised
May 1, 2024	Attributable Net Income Per Share Range	FY2024	$0.03 – $0.11	Raised
Feb 15, 2024	Normalized FFO*	FY2024	$3.07 – $3.18	New
Feb 15, 2024	Attributable Net Income	FY2024	$0.00 – $0.11	New
Feb 15, 2024	Nareit FFO*	FY2024	$2.94 – $3.05	New
Nov 2, 2023	2023 Normalized Per Share FFO	FY2023	$2.96 – $2.99	Narrowed
Nov 2, 2023	Attributable Net Income Per Share	FY2023	$0.14 – $0.17	Lowered
Nov 2, 2023	Nareit FFO Per Share	FY2023	$3.20 – $3.23	Narrowed
Aug 3, 2023	2023 Normalized Per Share FFO Range	FY2023	$2.92 – $3.02	Narrowed
Aug 3, 2023	Attributable Net Income Per Share Range	FY2023	$0.22 – $0.32	Narrowed
Aug 3, 2023	capital recycling proceeds	FY2023	$450.00M	New
Aug 3, 2023	Nareit FFO Per Share Range	FY2023	$3.19 – $3.29	Raised
May 8, 2023	2023 Normalized Per Share FFO Range	FY2023	$2.90 – $3.04	Reaffirmed
May 8, 2023	Attributable Net Income Per Share Range	FY2023	$0.20 – $0.34	Reaffirmed
Feb 9, 2023	Normalized FFO	FY2023	$2.90 – $3.04	New
Feb 9, 2023	Attributable Net Income	FY2023	$0.20 – $0.34	New
Feb 9, 2023	Nareit FFO	FY2023	$2.97 – $3.11	New
Nov 3, 2022	Normalized FFO	Q4 FY2022	$0.68 – $0.74	New
Nov 3, 2022	Attributable Net Income	Q4 FY2022	$0.06 – $0.12	New
Aug 4, 2022	Normalized FFO	Q3 FY2022	$0.73 – $0.78	New
Aug 4, 2022	Attributable Net Income (Loss)	Q3 FY2022	$0.04 – $0.09	New
Aug 4, 2022	Total Company same-store cash NOI growth	Q3 FY2022	+2.5% – +5%	New
May 5, 2022	Normalized FFO* per share	Q2 FY2022	$0.69 – $0.73	New
May 5, 2022	Net Income per share	Q2 FY2022	-$0.03 – $0.01	New
May 5, 2022	Total Company same-store cash NOI growth	Q2 FY2022	0% – +3%	New
Feb 17, 2022	Normalized FFO*	Q1 FY2022	$0.76 – $0.80	New
Feb 17, 2022	Net Income (Loss) Attributable to Common Stockholders	Q1 FY2022	$0.07 – $0.11	New
Nov 5, 2021	Normalized FFO	Q4 FY2021	$0.67 – $0.71	New
Nov 5, 2021	Net Income (Loss) Attributable to Common Stockholders	Q4 FY2021	$0.01 – $0.05	New
Nov 5, 2021	Nareit FFO	Q4 FY2021	$0.61 – $0.65	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.