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VENTAS, INC.

LISTEDNYSE

SYMBOLVTR

SIC6798

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK740260

REAL ESTATE INVESTMENT TRUSTS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	13,011	50.9
Stockholders' equity	12,527	49.1
Total capitalization	25,538	100.0

512,946,359 shares outstanding at 28 July 2026 (cover page of the 10-Q filed 30 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	13,011
Short-term borrowings / commercial paper	0

CAPITAL STOCK 12/31/25

Common shares authorized	1,200,000,000
Common shares issued	474,926,000
Treasury shares	0
Par or stated value per share ($)	0.25
Preferred stock ($ millions)	0
Outstanding at 7/28/26	512,946,359

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	1.92	355.6
2024	1.80	947.4
2023	1.80	–
2022	1.80	–
2021	1.80	1384.6

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as VENCOR INC (to 10 February 1998).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 300 N Lasalle Street, Suite 1600, Chicago, IL 60654. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total revenues	5,834	4,924	4,498
Rental revenue	1,497	1,497	1,486
Depreciation and amortization	1,379	1,253	1,392
Interest expense	612	603	574
Net income	262	88	(30)
Earned per share, diluted ($)	0.54	0.19	(0.10)
Dividends per share ($)	1.92	1.80	1.80

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Real estate, net	24,127	22,601
Cash and equivalents	741	898
Total assets	27,592	26,187
Debt	13,011	13,523
Total liabilities	14,631	15,047
Stockholders' equity	12,527	10,771

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	5,834	–	251	4.3	0.54	1.92	1,647	2,928	(1,281)	27,592	14,631	13,011	12,527	2.0	1.04
12/31/24	4,924	–	81	1.6	0.19	1.80	1,330	2,530	(1,200)	26,187	15,047	13,523	10,771	0.8	1.26
12/31/23	4,498	–	(41)	-0.9	(0.10)	1.80	1,120	649	470	24,725	14,878	13,491	9,488	-0.4	1.42
12/31/22	4,129	–	(47)	-1.1	(0.12)	1.80	1,120	901	219	24,158	13,672	12,700	10,153	-0.5	1.25
12/31/21	3,828	–	49	1.3	0.13	1.80	1,026	1,802	(776)	24,718	13,492	12,308	10,854	0.5	1.13
12/31/20	3,795	–	439	11.6	1.17	2.14	1,450	607	843	23,929	13,416	11,895	10,180	4.3	1.17
12/31/19	3,873	–	433	11.2	1.17	3.17	1,438	157	1,281	24,692	13,873	12,726	10,446	4.1	1.22
12/31/18	3,746	–	409	10.9	1.14	3.16	1,381	132	1,250	22,585	12,125	10,734	10,216	4.0	1.05
12/31/17	3,574	–	1,356	38.0	3.78	3.12	1,429	133	1,296	23,955	12,864	11,276	10,866	12.5	1.04
12/31/16	3,444	–	649	18.9	1.86	2.96	1,355	117	1,237	23,167	12,437	11,127	10,460	6.2	1.06

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

Ventas, Inc.
CIK 740260 · EIN 61-1055020

PRINCIPAL OFFICE:

300 N Lasalle Street, Suite 1600, Chicago, IL 60654
Tel.: 3126603800

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6798 · Real Estate Investment Trusts

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 6 February 2026

FORMER NAMES:

VENTAS INC; VENCOR INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/15/26	8-K	period 9/10/26
7/30/26	10-Q	period 6/30/26
7/29/26	8-K	period 7/29/26
6/15/26	8-K	period 6/15/26
5/15/26	8-K	period 5/12/26
4/28/26	10-Q	period 3/31/26
4/27/26	8-K	period 4/27/26
4/1/26	DEF 14A	period 5/13/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/6/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/15/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/18/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/24/20) · 10-K FY2018 (filed 2/8/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.