VTR - NYSE
Ventas, Inc.
$79.10
-1.3%Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries: healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population. For more than twenty years, Ventas has followed a successful strategy that endures: combining a high-quality diversified portfolio of properties and capital sources to manage through cycles, working with industry leading partners, and a collaborative and experienced team focused on producing consistent growing cash flows and superior returns on a strong balance sheet, ultimately rewarding Ventas shareholders. As of September 30, 2020, Ventas owned or managed through unconsolidated joint ventures approximately 1,200 properties.
At a Glance
Live SnapshotVentas, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
Ventas, Inc. Cash Flow Statement
VTR • NYSE
| Ventas, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
251.4M | 81.2M | -41M | -47.4M | 49M | 441.2M | 439.3M | 416M | 1.4B | 651.5M | 419.2M | 477.2M | 454.9M | 361.8M | 363.3M | 249.7M | 269.4M | 226.3M | 282.3M | 132.7M | |
1.3B | 1.2B | 1.2B | 1.1B | 978M | 1.1B | 1.1B | 938.5M | 904M | 909.3M | 979.1M | 828.2M | 753.1M | 724.8M | 459.7M | 214.7M | 207.6M | 235.7M | 237.5M | 119.7M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -102M | -58.9M | -43M | -63.6M | -34.2M | -42.4M | -9.4M | -11.8M | -6.3M | -31.1M | -32.3M | -87.6M | -39M | -183M | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 21.5M | 33.9M | 30M | 26.5M | 21M | 19.5M | 21M | 20.7M | 20.8M | 19.3M | 14.1M | 11.9M | 10M | 7.5M | 0.0 | |
96.7M | 45.9M | 123.3M | 146.7M | 60.7M | -162.8M | -4.8M | 95.7M | -745.8M | -144.6M | -36.7M | -56.8M | -45.9M | -97.4M | -9.1M | 5.2M | 6M | -53.7M | 222K | -18.7M | |
49.4M | 43.8M | -53.6M | -40.8M | -43.8M | 121.8M | -40.3M | -55.7M | -40M | -35.4M | 53M | -5.3M | 23.8M | -10.8M | -28.8M | -3.7M | 14.8M | -15M | 55.2M | 5.2M | |
1.7B | 1.3B | 1.2B | 1.1B | 1B | 1.5B | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.3B | 1.2B | 992.8M | 773.2M | 447.6M | 422.1M | 364.2M | 399.8M | 238.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-363.9M | -281.6M | -259.4M | -222.1M | -185.3M | -528.6M | -560.6M | -131.9M | -132.6M | -117.5M | -227.2M | -194.4M | -177.4M | -183.4M | -629.7M | -294.3M | -59.5M | -70.2M | -1.4B | -490.7M | |
-2M | -7.4M | (31.7M) | (5.2M) | -22.5M | -286.8M | -3.9M | (0.0) | -11.4M | -6.4M | -57M | -9.1M | -14.3M | -3.9M | (550.7M) | (38.3M) | (36.7M) | (0.0) | (0.0) | (0.0) | |
-2.6B | -2.4B | -523.3M | -792.9M | -1.7B | -861M | -2.6B | -873.3M | -1.8B | -1.7B | (227.2M) | -96.7M | (177.4M) | -276.4M | -628.1M | -38.7M | -13.8M | -63.7M | (0.0) | -196.6M | |
262M | 336M | 494.2M | 113.8M | 1.2B | 1.2B | 1.2B | 1.3B | 961M | 620.6M | 76.8M | 21.7M | 5.5M | 37.5M | 243.2M | 19.3M | 13M | 0.0 | 23.6M | 195.4M | |
5M | 3.5M | 17.6M | 13.7M | 1.3M | 667.4M | 438.1M | 64.3M | -20.4M | 0.0 | -2.4B | -1.8B | -1.3B | -1.7B | -533.6M | -26.5M | 21.8M | -2.4M | 157.8M | 9.9M | |
-2.7B | -2.4B | -239.2M | -882.3M | -764.5M | (154.3M) | -1.6B | (324.5M) | -976.5M | -1.2B | -2.4B | -2.1B | -1.3B | -2.2B | -997.4M | -301.9M | -1.7M | -136.3M | -1.2B | -482M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
2.5B | 2B | 109.1M | 7.2M | 625.5M | 55.4M | 942.1M | -1.4M | 73.6M | 1.3B | 491M | 242.1M | 141.3M | 342.5M | 299.8M | 0.0 | 299.2M | 408.5M | 1B | 831K | |
-670.5M | 249.1M | 97.7M | 468.8M | -448M | -400.6M | 384.9M | -594.6M | 127.3M | -164.5M | 1.8B | 1.4B | 811M | 1.6B | 492.1M | 101.2M | -469M | -203.3M | 45.8M | 395.8M | |
-860.1M | -740.3M | -723.6M | -720.3M | -686.9M | -928.8M | -1.2B | -1.1B | -827.3M | -1B | -1B | -875.6M | -802.1M | -728.5M | -523.6M | -344.2M | -324.3M | -288.8M | -286.2M | -160.6M | |
(0.0) | (0.0) | (0.0) | -1.5M | -96K | (0.0) | (0.0) | -1.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-45.9M | -44.7M | -47.1M | -44.8M | -26.6M | -25.9M | -8.6M | -38.8M | -45M | -342K | -211.2M | -5M | -35.2M | -17.3M | -20.1M | 3.4M | 3.9M | 3.3M | 319K | 6.6M | |
875.7M | 1.5B | -563.9M | -289.1M | -536M | -1.3B | 160.7M | -1.8B | -671.3M | 101.7M | 1B | 758.1M | 115M | 1.2B | 248.3M | -231.5M | -490.2M | -80.2M | 805.6M | 242.7M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
2.8M | -4M | 1.3M | -2.9M | 1.4M | 1.1M | 1.5M | -815K | 312K | -852K | -522K | 2.7M | -83K | 60K | -45K | 165K | 410K | 806K | -5M | 0.0 | |
-171.1M | 393.8M | 392.7M | -25.9M | -255M | 305.5M | 14.6M | -56.8M | -205.4M | 233.7M | -2.3M | -39.5M | 26.9M | 22.1M | 24M | -85.6M | -69.4M | 148.5M | 27.1M | -395K | |
957.2M | 563.5M | 170.7M | 196.6M | 451.6M | 146.1M | 131.5M | 188.3M | 286.7M | 53M | 55.3M | 94.8M | 67.9M | 45.8M | 21.8M | 107.4M | 176.8M | 28.3M | 1.2M | 1.6M | |
786.1M | 957.2M | 563.5M | 170.7M | 196.6M | 451.6M | 146.1M | 131.5M | 81.4M | 286.7M | 53M | 55.3M | 94.8M | 67.9M | 45.8M | 21.8M | 107.4M | 176.8M | 28.3M | 1.2M | |
1.3B | 1.1B | 935.1M | 926.3M | 858.7M | 921.5M | 877.1M | 918.7M | 1B | 1.1B | 1.2B | 1.1B | 1B | 809.4M | 143.5M | 153.3M | 362.6M | 294M | -954.9M | -251.8M |
SEC Filings
VTR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 12, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 28, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 27, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 01, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 20, 2026 | February 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 09, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 07, 2026 | January 07, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 04, 2025 | December 02, 2025 | 2025 |
Related Guides
Continue your VTR research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.