Snapshot
Ventas, Inc. reported $353M of revenue in Q1 2026, up -6.4% year over year, with diluted EPS of $0.11 and an operating margin of 52.5%.
- Revenue
- $353M
- YoY growth
- +-6.4%
- Diluted EPS
- $0.11
- Operating margin
- 52.5%
$353M
Revenue
+-6.4%
YoY growth
$0.11
Diluted EPS
52.5%
Operating margin
01 Key takeaways
What management said
- •Yesterday, we issued our Q1 2026 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.
- •Ventas continues to drive growth and outperformance as a leading participant in the longevity economy.
- •We're already into our fifth consecutive year of double-digit annual growth in our senior housing operating portfolio, or SHOP.
- •Even more exciting, this year represents a new and positive inflection point when demographic demand jumps and growth remains elevated for over a decade.
- •Our business and team have been built to meet this moment and seize the unprecedented opportunity for multi-year growth and value creation.
- •Our excellent Q1 results and improved full-year outlook demonstrate our competitive advantages, the impact of our differentiated platform, strong execution of our one, two, three strategy, and our momentum.
- •In the quarter, Ventas delivered 9% year-over-year growth in total same-store property NOI and normalized FFO per share.
- •occupancy increased 370 basis points, fueled by broad-based demand and our Ventas OI initiatives.
- •Accretion from senior housing investment activity further contributed to our growth in the quarter, showing our strategy in action.
- •Notably, our liquidity reached record levels, and our financial position continued to strengthen.
- •We have now increased our 2026 investment volume guidance to $3 billion.