SuperworthVentas VTR
- Market cap
- $44.5B
- PE
- 161×
- 10y median 51.7×
- Forward PE
- 120×
- 10y median 56.9×
- Price to FFO
- 23.6×
- its own FFO
- Price to sales
- 6.9×
- EV/EBIT
- 53.2×
- Revenue, 12 months
- $6.4B
- +21% on a year ago
- Net margin
- 4.1%
Ventas trades at 23.6× its funds from operations, the earnings measure REITs are valued on. Revenue was $6.4B over the last twelve months, up 21% on a year earlier with a 4% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.1B+11% | $1.2B+11% | $1.2B+11% | $1.2B+9% | $1.2B+8% | $1.3B+11% | $1.4B+13% | $1.4B+18% | $1.5B+20% | $1.6B+22% | $1.7B+22% | $1.7B+22% | |
| Cost of revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross profit | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $33.3M−6% | $36.4M+9% | $48.7M+9% | $37.7M+10% | $35.1M+5% | $41.4M+14% | $53.1M+9% | $42.9M+14% | $40.4M+15% | $41M−1% | $62.7M+18% | $47M+10% |
| n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Interest expense | $147.9M+24% | $154.9M+26% | $149.9M+17% | $149.3M+4% | $150.4M+2% | $153.2M−1% | $149.4M−0% | $150.3M+1% | $158.1M+5% | $154.5M+1% | $156.1M+5% | $160M+7% |
| Pre-tax income | −$76.8M+1415% | −$112.9M+36% | −$7.5M | −$19.1M | $19.1M | −$508K−100% | $40.9M | $42.7M | $44.4M+133% | $76.3M | $35.4M−14% | $54.2M+27% |
| −$1.7M−72% | $4.7M | −$3M+7% | $7.8M | $3M | −$45.5M | −$10.6M+251% | $3.9M−50% | −$6.3M | −$1.1M−98% | −$15.9M+51% | −$25.6M | |
| Net income | −$71.1M | −$90.8M+102% | −$14.3M | $19.4M−81% | $19.2M | $56.8M | $46.9M | $68.3M+252% | $66M+243% | $70.2M+24% | $55.9M+19% | $70.6M+3% |
| −$0.18 | −$0.23+109% | −$0.04 | $0.05−81% | $0.05 | $0.13 | $0.10 | $0.15+200% | $0.14+180% | $0.15+15% | $0.11+10% | $0.14−7% | |
| 406.7M+1% | 403M−0% | 407.2M+1% | 411.8M+2% | 419.5M+3% | 427M+6% | 446.4M+10% | 459.1M+12% | 463.4M+11% | 481.1M+13% | 486.7M+9% | 497.7M+8% |
Gross profit: 6 periods, Q3 FY17 to Q1 FY19: not printed by the filing, worked out from its own lines.
Operating income: 40 periods, Q2 FY08 to Q2 FY18: not printed by the filing, worked out from its own lines.
EPS, diluted: 8 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 16 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY21 and Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $1.8B | $1.7B to $1.8B | $0.16 | $0.16 to $0.16 | 4 |
| Q4 FY26 | $1.8B | $1.8B to $1.8B | $0.17 | $0.17 to $0.18 | 4 |
| Q1 FY27 | $1.9B | $1.8B to $1.9B | $0.17 | $0.17 to $0.18 | 1 |
| Q2 FY27 | $1.9B | $1.9B to $1.9B | $0.23 | $0.22 to $0.24 | 1 |
| Q3 FY27 | $1.9B | $1.9B to $2B | $0.27 | $0.26 to $0.28 | 1 |
| Q4 FY27 | $2B | $1.9B to $2B | $0.29 | $0.28 to $0.30 | 1 |
| Q1 FY28 | $2B | $2B to $2.1B | $0.29 | $0.28 to $0.29 | 2 |
| Q2 FY28 | $2.1B | $2B to $2.1B | $0.35 | $0.34 to $0.36 | 2 |
Peers
Companies in Real Estate nearest Ventas' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| VTRVentas | $44.5B | 161× | 51.7× | 120× | 6.9× | +21% | 4.1% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| ORealty Income | $53.8B | 41.5× | 51.5× | 35.4× | 8.9× | +11% | 20.9% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| PSAPublic Storage | $54.4B | 29.6× | 29.6× | 31.8× | 11.1× | +3% | 41.8% |
| CBRECBRE | $35.7B | 28.3× | 22.0× | 15.4× | 0.8× | +15% | 3.0% |
| IRMIron Mountain | $32.7B | 78.5× | 47.1× | 43.1× | 4.3× | +17% | 5.5% |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| EXRExtra Space Storage | $30.3B | 31.7× | 31.0× | 30.4× | 8.8× | +4% | 27.8% |
| SPGSimon Property | $68.5B | 14.9× | 21.5× | 30.5× | n/m | n/m | n/m |
| VICIVICI Properties | $26.2B | 9.2× | 14.3× | 8.1× | 6.4× | +4% | 67.5% |
| Peer median | $41.9B | 36.6× | 39.1× | 31.8× | 8.8× | +4% | 20.9% |
Investors who own it
Investors we follow who held Ventas at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.0% of portfoliotrimmed
More on Ventas
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- REIT - Healthcare Facilities
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .