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VTRVentas, Inc.
$86.64$42.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VTR logo

Ventas, Inc.

VTR
NYSE · Healthcare REITs
$86.64
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$42.12B
P/E160.4x
52W High$101.60
Volume2.67M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Surge Masks Negative AFFO and Capex Strain

Ventas is experiencing robust revenue growth, with Q2 2026 revenue up 21.7% YoY to $1.7B, driven by SHOP performance and acquisitions. However, the company's cash flow quality is concerning: AFFO turned deeply negative at -$489.7M in Q2 2026, and capital expen...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

VTR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+581% Peers

P/E is 581% above peer median

03

Market leadership

RS 49 · Lag

Laggard (Underperforming 51% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue accelerated 21.7% YoY to $1.7B in Q2 2026, but NOI margin contracted to 39.8% from 43.2% in Q2 2024, indicating persistent cost pressures.

Analyst Consensus+14.9% target
Buy(32 analysts)
18 Buy12 Hold2 Sell

The Bull Case

Upside Catalysts

Analyst Optimism

Multiple analysts have issued "Buy" ratings for VTR, with a consensus rating of "Moderate Buy" and several recent upgrades and price target increases. The strong analyst sentiment signals confidence in the company’s trajectory.

Revenue Growth 21.7% YoY

Ventas has demonstrated year‑over‑year revenue growth of approximately 21.7%, outpacing U.S. market benchmarks. This robust top‑line expansion supports continued scale and market share gains.

Improving Profitability & FFO

The company has shown improving profit margins and a return to profitability, with Funds From Operations (FFO) rising significantly. Consistent EPS beats in recent quarters further underscore operational strength.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VTR+13.38%
S&P 500 (^GSPC)+12.39%
1-Year Return
VTR+29.33%
S&P 500 (^GSPC)+15.77%
3-Year Return
VTR+117.43%
S&P 500 (^GSPC)+77.69%
5-Year Return
VTR+69.79%
S&P 500 (^GSPC)+72.04%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
160.4x
Forward P/EExpansion
148.7x
EV/EBITDA100th %ile
24.8x
FCF YieldCash Flow
3.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
160.4x
309.9x
33rd· Fair
EV/EBITDA
24.8x
19.0x
100th· High
Price/FCF
32.0x
23.0x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$66.30-23.5%
Base (Fair)$89.47+3.2%
Bull$112.75+30.1%
$66.30 Bear$89.47 Base$112.75 Bull
Current Market Price: $86.64
Trades at a 3.2% discount to Base DCF ($89.47)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.83B+18.5% YoY
Net income
$251M+209.8% YoY
Free cash flow
$1.32B+24.6% YoY
Operating margin
14.2%+0.3 pts YoY
ROIC (TTM)2.5%
Avg ROIC 5Y-
ROE (TTM)2.1%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.14-1.6%
vs $0.14
$1.7B+2.9%
vs $1.7B
Q2 2026
Apr 27, 2026
$0.11-10.5%
vs $0.12
$1.7B+4.5%
vs $1.6B
Q1 2026
Feb 5, 2026
$0.15+49.0%
vs $0.10
$1.6B+4.1%
vs $1.5B
Q4 2025
Oct 29, 2025
$0.14+52.2%
vs $0.09
$1.5B+3.6%
vs $1.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 16, 2026
Baron Real Estate Fund Q2 2026 Portfolio Activity

Baron Real Estate Fund delivered strong results in the second quarter. The Fund increased 11.89% (Institutional Shares). Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets. Shares of AAON, Inc. rose during the quarter following an exceptionally strong earnings report which saw the company see drastically faster growth in its data center business, BasX, than expected.

24/7 Wall Street·Sep 16, 2026
America Is Aging Faster Than Its Housing Supply Can Keep Up. 3 REITs Are Positioned for the Gap

Two million Americans turn 80 in 2026, and the senior housing industry is nowhere near ready for what comes next. Three REITs are quietly capitalizing on a supply gap that took decades to build.

24/7 Wall Street·Sep 16, 2026
The Baby Boomer Aging Wave Has Arrived. These 4 REITs Could Benefit for a Decade

Two million Americans will turn 80 this year alone, and a handful of REITs are already cashing in on a demographic wave that has barely begun.

Defense World·Sep 16, 2026
Ventas, Inc. $VTR Shares Purchased by Corient Private Wealth LP

Corient Private Wealth LP raised its holdings in Ventas, Inc. (NYSE: VTR) by 114.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,259 shares of the real estate investment trust's stock after purchasing an additional 91,003 shares during the quarter. Corient Private

Filtered for Ventas, Inc.More Headlines
04

Compare before deciding

Benchmark VTR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Ventas, Inc. (VTR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VTR logoVTRVentas, Inc.Current
$86.64$42.12B160.4418.47%4.31%2.15%2.15%
WELL logoWELLWelltower Inc.
$229.94$165.69B165.4235.82%10.67%3.08%—
HR logoHRHealthcare Realty Trust Incorporated
$17.96$6.3B-25.30-6.92%-7.59%-1.91%—
OHI logoOHIOmega Healthcare Investors, Inc.
$46.17$13.75B23.8013.95%66.43%15.76%—
SBRA logoSBRASabra Health Care REIT, Inc.
$19.69$4.97B30.7710.15%7.61%2.34%—
NHI logoNHINational Health Investors, Inc.
$67.20$3.26B22.2512.93%38.47%10.85%—

Compare VTR vs Peers

Ventas, Inc. (VTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WELL

Most directly comparable listed peer for VTR.

Scale Benchmark

vs SPG

Larger-name benchmark to compare VTR against a more recognizable public peer.

Peer Set

Compare Top 5

vs WELL, HR, OHI, SBRA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

VTR SEC Filings & Documents

Ventas, Inc. (VTR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

May 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 6, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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VTR Frequently Asked Questions

Ventas, Inc. (VTR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Ventas, Inc.'s revenue?

Ventas, Inc. (VTR) reported $6.44B in revenue for fiscal year 2025. This represents a 150% increase from $2.58B in 1996.

How fast is Ventas, Inc. growing?

Ventas, Inc. (VTR) grew revenue by 18.5% over the past year. This is strong growth.

Is VTR profitable?

Yes, Ventas, Inc. (VTR) is profitable, generating $266.3M in net income for fiscal year 2025 (4.3% net margin).

Dividend & Returns
Does VTR pay dividends?

Yes, Ventas, Inc. (VTR) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

What is VTR's return on equity?

Ventas, Inc. (VTR) has a return on equity (ROE) of 2.1%. This is below average, suggesting room for improvement.

Industry Metrics
What is Ventas, Inc.'s FFO?

Ventas, Inc. (VTR) generated Funds From Operations (FFO) of $1.75B in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in VTR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →