VTRNYSEReal Estate Investment TrustsFiscal year ends December 31
Ventas, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$84.51−1.35 (-1.57%)
Close on Oct 19, 2026
- Market cap
- $42.06B
- P/E (TTM)
- 156.5
- Dividend yield
- 2.27%
Ventas, Inc. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHOP | $4.28B | $3.37B | $2.96B | $2.65B | $2.27B | $2.20B | $2.15B | $2.07B | $1.84B | $1.85B | 73.3% | +26.8% |
| OM&R | $897.90M | $877.59M | $869.71M | $803.61M | $802.68M | – | – | – | – | – | 15.4% | +2.3% |
| NNN | $601.58M | $622.05M | $619.21M | $598.15M | $653.82M | $695.27M | $780.90M | $740.32M | $844.71M | $850.76M | 10.3% | -3.3% |
| Office Operations | – | – | – | – | – | – | – | – | $760.96M | $643.37M | – | – |
| Office Operations | – | – | – | $803.61M | $802.68M | $808.30M | $836.73M | $783.60M | $760.96M | $643.37M | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Resident fees and services | $4.28B | $3.37B | $2.96B | $2.65B | $2.27B | $2.20B | $2.15B | $2.07B | $1.84B | $1.85B | 73.3% | +26.8% |
| Third-party capital management expenses | $17.55M | $17.36M | $17.84M | $26.20M | $20.10M | $15.19M | – | – | – | – | 0.3% | +1.1% |
| Management Service | $15.70M | $15.50M | $14.70M | $14.50M | $12.40M | $6.70M | $3.40M | $5.80M | $6.30M | – | 0.3% | +1.3% |
| Third party capital management revenues | – | – | – | – | $20.10M | $15.19M | $11.16M | $13.42M | $13.68M | $21.07M | – | – |
| NNN | – | – | – | – | – | $695.27M | $780.90M | $737.80M | $840.13M | $845.83M | – | – |
| Office Operations | – | – | – | – | – | $799.63M | $828.98M | $776.01M | $753.47M | $630.34M | – | – |
| Ventas Fund | – | – | – | $9.90M | – | – | – | – | – | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $5.21B | $4.37B | $4.00B | $3.65B | $3.36B | $3.38B | $3.58B | $3.52B | $3.36B | $3.24B | 89.3% | +19.3% |
| Canada | $552.92M | $526.58M | $464.77M | $449.09M | $434.86M | $389.21M | $266.95M | $192.35M | $186.05M | $174.83M | 9.5% | +5.0% |
| United Kingdom | $71.23M | $30.74M | $28.88M | $27.78M | $29.95M | $24.80M | $27.46M | $28.59M | $26.42M | $26.34M | 1.2% | +131.7% |
From the segment and revenue-disaggregation notes of Ventas's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.