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Ventas

VTR stock analysis · Real Estate · Health Care REITs

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$88.80HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$45.5B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

— Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

-80.7%

26 sector peers · median 35.0×

How this is calculated ↗
Valuation

Historical multiples

181.2×

5 annual observations · snapshot P/E 181.2× · 0.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

— Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

— Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

— Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

5.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

— Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

— Requires two adjacent years of revenue, operating income and cash flow.

Requires two adjacent years of revenue, operating income and cash flow.

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 2.9B2020-12-31: cfo $1,450,176,000.002020-12-31: capex $607,296,000.0020202021-12-31: cfo $1,026,116,000.002021-12-31: capex $1,802,021,000.0020212022-12-31: cfo $1,120,163,000.002022-12-31: capex $900,696,000.0020222023-12-31: cfo $1,119,873,000.002023-12-31: capex $649,471,000.0020232024-12-31: cfo $1,329,625,000.002024-12-31: capex $2,529,803,000.0020242025-12-31: cfo $1,646,726,000.002025-12-31: capex $2,928,069,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-315.8B261.5M1.6B2.9B27.6B
2024-12-314.9B88.4M1.3B2.5B26.2B
2023-12-314.5B-30.3M1.1B649.5M24.7B
2022-12-314.1B-40.9M1.1B900.7M24.2B
2021-12-313.8B56.6M1B1.8B24.7B
2020-12-313.8B441.2M1.5B607.3M23.9B
2019-12-313.9B439.3M1.4B156.7M24.7B
2018-12-313.7B416M1.4B131.9M22.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue5.8BRevenues2026-02-06
netIncome261.5MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.		2026-02-06
Parent/common earnings proxy251.4MNetIncomeLossAvailableToCommonStockholdersBasic2026-02-06
cfo1.6BNetCashProvidedByUsedInOperatingActivities2026-02-06
capex2.9BPaymentsToAcquireProductiveAssets2026-02-06
operatingIncome—Not reported under a supported tag—
assets27.6BAssets2026-02-06
equity12.6BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.		2026-02-06
Parent book equity proxy12.5BStockholdersEquity2026-02-06
debt13BLongTermDebt2026-02-06
shortDebt—Not reported under a supported tag—
cash741.1MCashAndCashEquivalentsAtCarryingValue2026-02-06
shares462.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-06
dividends860.1MPaymentsOfDividendsCommonStock2026-02-06
buybacks—Not reported under a supported tag—
issuance2.3BProceedsFromIssuanceOfCommonStock2026-02-06