Snapshot
Ventas, Inc. reported $386M of revenue in Q3 2025, up 2.6% year over year, with diluted EPS of $0.14 and an operating margin of 50.0%.
- Revenue
- $386M
- YoY growth
- +2.6%
- Diluted EPS
- $0.14
- Operating margin
- 50.0%
$386M
Revenue
+2.6%
YoY growth
$0.14
Diluted EPS
50.0%
Operating margin
01 Key takeaways
What management said
- •Yesterday we issued our third quarter 2025 earnings release, presentation materials, and supplemental information package, which are available on the Ventas website at ir.ventasreit.com.
- •For a more detailed discussion of those factors, please refer to our earnings release for this quarter and to our most recent SEC filings, all of which are available on the Ventas website.
- •I'd like to welcome all of our shareholders and other participants to the Ventas third quarter 2025 earnings call.
- •Building on our momentum, Ventas delivered excellent performance and growth in the quarter as we continue to execute on our 1-2-3 strategy.
- •As one of the world's largest owners and acquirers of private pay senior housing, we are positioned to capitalize on the sustained growth and demand from a large and expanded aging population.
- •We are doing both as we expect 2025 to be our fourth year of double-digit SHOP NOI growth, and we anticipate closing $2.5 billion of private pay U.S.
- •Most importantly, we foresee at least another decade of accelerating demand for senior housing.
- •The Ventas strategy, organization, and team have been built to meet this moment and capitalize on the favorable external demand backdrop.
- •Our SHOP percentage of NOI has increased nearly 2,000 basis points to represent half our business.
- •Demographic demand is accelerating as baby boomers are starting to turn 80 this coming year, and more people than ever are choosing senior housing for the valuable benefits it provides.
- •Yet senior housing supply is at record lows in both inventory growth and the number of new construction starts, with just over 1,200 units started in the third quarter.
- •Our strategy is producing strong results, increasing our enterprise growth rate and building financial strength.