Business Description

Ventas Inc. is a healthcare-focused real estate investment trust established in 1998, with a diversified portfolio that includes senior housing, medical offices, hospitals, and life science centers. The company generates revenue via long-term lease agreements and strategic acquisitions aimed at addressing the growing healthcare demands of an aging population. Under CEO Debra A. Reed’s leadership, Ventas consistently ranks among the top healthcare REITs in the United States. Strategic initiatives in portfolio optimization and expansion into life science segments further underscore its growth potential.

Everything on Ventas Inc.

Revenue (FY2025) $5.79B
YoY growth +18.5%
Operating margin 13.4%
Direction Expanding
Gross margin 40.9%
Net margin 4.5%

Earnings Transcripts

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Leadership & board

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Debra A. Cafaro — Chairman and Chief Executive Officer View full profile ↗ Robert F. Probst — Executive Vice President and Chief Financial Officer View full profile ↗ Peter J. Bulgarelli — Executive Vice President, Outpatient Medical and Research, Ventas, Inc.; President and CEO, Lillibridge Healthcare Services, Inc. View full profile ↗ J. Justin Hutchens — Executive Vice President, Senior Housing and Chief Investment Officer View full profile ↗ Carey S. Roberts — Executive Vice President, General Counsel, Ethics & Compliance Officer and Corporate Secretary View full profile ↗ Gregory R. Liebbe — Senior Vice President, Chief Accounting Officer and Controller View full profile ↗ Kevin M. Bohl — Senior Vice President, Deputy General Counsel and Assistant Corporate Secretary (interim General Counsel, Ethics & Compliance Officer and Corporate Secretary as of June 26, 2026) View full profile ↗ Melody C. Barnes — Independent Director View full profile ↗ Theodore R. Bigman — Independent Director View full profile ↗ Debra A. Cafaro (Director) — Chairman and CEO (Director) View full profile ↗ Michael J. Embler — Independent Director View full profile ↗ Matthew J. Lustig — Independent Director View full profile ↗ Roxanne M. Martino — Lead Independent Director View full profile ↗ Marguerite M. Nader — Independent Director View full profile ↗ Sean P. Nolan — Independent Director View full profile ↗ Walter C. Rakowich — Independent Director View full profile ↗ Joe V. Rodriguez, Jr. — Independent Director View full profile ↗ Sumit Roy — Independent Director View full profile ↗ Maurice S. Smith — Independent Director View full profile ↗
Ventas acquires Nationwide Health Properties, Inc. (NHP) — Diversified healthcare REIT (seniors housing, skilled nursing, medical office) · 2011 View full deal ↗ Ventas acquires Atria Senior Living Group (real estate assets) — Private-pay seniors housing · 2011 View full deal ↗ Ventas acquires American Realty Capital Healthcare Trust, Inc. (HCT) — Medical office buildings & private-pay seniors housing · 2015 View full deal ↗ Ventas acquires New Senior Investment Group Inc. — Private-pay independent living seniors housing · 2021 View full deal ↗ Ventas acquires Sunrise Senior Living Real Estate Investment Trust (Sunrise REIT) — Private-pay senior housing (Canada and U.S.) · 2007 View full deal ↗ Ventas acquires Ardent Health Services (Ardent Medical Services, Inc.) — Hospital real estate (acute-care) · 2015 View full deal ↗ Ventas acquires Wexford Science & Technology life science and medical real estate portfolio — Life science and medical real estate · 2016 View full deal ↗ Ventas acquires Provident Senior Living Trust — Senior housing (private-pay independent & assisted living) · 2005 View full deal ↗ Ventas acquires Cogdell Spencer Inc. — Medical office buildings (MOBs) · 2012 View full deal ↗ Ventas acquires Senior Care portfolio (Reichmann family / VSCRE Holdings) — Diversified healthcare & seniors housing (CCRCs, assisted living, skilled nursing, rehab hospitals) · 2006 View full deal ↗ Ventas acquires Lillibridge Healthcare Services — Medical office buildings / outpatient · 2010 View full deal ↗ Ventas acquires Holiday Retirement (Canadian senior living portfolio) — Seniors housing (independent living) · 2014 View full deal ↗

Share Repurchase Program

Ventas does not have a publicly announced repurchase plan or program in effect; shares repurchased during the quarter ended December 31, 2025 represented only shares withheld to pay taxes on the vesting/exercise of equity awards (637 shares at an average price of $75.09).

Named Competitors

real estate partnershipshealthcare lendersdevelopersbanks

Customer Concentration

A significant portion of Ventas's revenues and operating income is dependent on a limited number of tenants and managers, including Ardent, Kindred, Atria, Sunrise and Le Groupe Maurice; Brookdale Senior Living accounted for a significant portion of NNN segment revenues and NOI, and Ardent and Kindred together represent a substantial portion of the NNN portfolio (year ended December 31, 2025).

Recent SEC Filings

2026-06-15 Leadership change (directors/officers) (+1 more) View filing ↗
2026-05-15 Leadership change (directors/officers) (+2 more) View filing ↗
2026-04-27 Reported quarterly results View filing ↗
2026-02-20 Leadership change (directors/officers) View filing ↗
2026-02-09 Other event View filing ↗
2026-02-05 Reported quarterly results View filing ↗
2026-01-07 Entered a material agreement (+1 more) View filing ↗
2025-12-04 Other event View filing ↗
2025-11-17 Leadership change (directors/officers) View filing ↗
2025-10-29 Reported quarterly results View filing ↗
2025-07-30 Reported quarterly results View filing ↗
2025-06-13 Other event View filing ↗

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