Income StatementBalance SheetCash FlowSegments
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Ventas Cash Flow Statement

Operating, investing, and financing cash movements

Ventas generated $1.7B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.7BNet Cash From Investing (TTM)-$2.9BNet Cash From Financing (TTM)$1.1BDepreciation And Amortization Cf$382.5M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$43.9B
P/E Ratio161.37
ROE2.21%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit-$952.0K-$6.6M$1.1M-$1.3M$0.0$0.0
Proceeds from minority shareholders$57.0K$80.0K$0.0$0.0$0.0$15.0K
Dividends paid$189.0M$199.0M$217.0M$218.4M$225.7M$230.2M
Cash Distributions To Redeemable OP Unitholders—$1.5M$1.6M$1.6M—$1.6M
Payments for Repurchase of Other Equity—$337.0K$1.3M$408.0K—$2.8M
Payments to Noncontrolling Interests$8.2M$2.7M$3.3M$5.2M$5.1M$3.7M
Proceeds from issuances of debt$108.0M$29.7M$557.5M$19.7M$523.6M$289.5M
Other, net$0.0-$17.1M-$2.5M-$820.0K-$2.9M-$20.8M
Proceeds from (repayments of) short-term borrowings, net$0.0$243.0M———$65.0M
Net cash from financing activities$956.2M-$149.1M$157.0M$366.1M$499.9M$90.0M
Proceeds from issuance of common stock$18.0M$876.5M$188.3M$999.5M$279.5M$799.3M
Payments of consent fees related to long-term debt$1.2M$175.0K$8.7M$652.0K$4.9M$7.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$0.0$0.0$0.0$0.0$0.0—
Net Change in Cash Excluding Exchange Rate Effect—-$711.7M$427.9M-$432.9M—-$583.9M
Effect of exchange rate changes on cash-$2.1M$466.0K$2.9M-$1.3M$789.0K-$912.0K
Interest Costs Capitalized$3.9M$2.5M$2.5M$2.5M$2.5M—
Noncash Or Part Noncash Acquisition Other Assets Acquired1$11.8M$2.7M$370.0K$2.0M$1.3M$3.0M
Other liabilities—-$8.4M$19.0M-$35.8M—-$11.1M
Proceeds from insurance settlements related to property and equipment$19.0K$69.0K$583.0K$2.3M$2.1M$556.0K

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$0.0-$50.9M$42.3M$67.8M$21.8M-$27.6M
Depreciation and amortization—$321.5M—$357.2M—$382.5M
Net cash from operating activities$373.6M$321.1M$475.3M$378.6M$471.7M$394.6M
Net income$58.7M$48.4M$71.5M$68.7M$73.0M$59.0M
Amortization of deferred revenue and lease intangibles, net—-$9.6M-$9.8M-$11.6M—-$4.6M
Distributions of earnings from equity method investees$4.7M$5.1M$9.9M$6.7M$7.3M$4.4M
Extinguishment of Debt, Gain (Loss), Net of Tax-$15.0K$0.0$0.0-$119.0K-$53.0K-$449.0K
Gain (Loss) From Equity Method Investments And Other Items, Non-cash Portion—-$3.3M-$1.1M$16.6M—-$7.4M
Gain on real estate dispositions$6.7M$169.0K$33.8M$1.3M$3.3M$15.0M
Gains (Losses) On Real Estate Loan Investments—$0.0———$13.0K
Increase (Decrease) in Other Operating Assets$0.0-$36.2M-$15.4M$66.0M$16.2M-$10.7M
Amortization$7.8M$7.4M$6.7M$8.4M$9.8M$9.4M
Other Noncash Income (Expense)-$25.1M$4.2M-$1.5M-$11.2M-$3.2M$1.6M
Income tax benefit-$46.0M-$13.8M$749.0K-$9.0M-$2.1M-$19.2M
Straight Line Rent—$4.3M$8.2M$26.2M$10.1M$6.7M
Stock-based compensation$4.6M$18.8M$7.7M$5.9M$6.3M$24.8M
Change in Interest Payable$30.6M-$36.5M$22.6M-$16.7M—-$29.2M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loans Assumed$0.0$0.0$0.0$0.0$0.0—
Interest paid$143.9M$144.9M$144.9M$144.9M$144.9M—
Income Taxes Paid, Net—$4.0M$3.0M$1.4M—$3.2M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
 Cash disbursed for acquisitions—$767.3M$193.5M$1.0B—$971.5M
Payments to Acquire Equity Method Investments$14.3M$14.9M$9.9M$15.3M$15.6M$5.9M
Payments to Acquire Loans Receivable$4.7M$462.0K$119.0K$285.0K$69.0K$115.0K
Payments To Develop Real Estate Assets$82.7M$58.4M$67.2M$58.9M$96.3M$72.4M
Commercial mortgage and other loans$374.0K$2.9M$5.0M$1.6M$39.4M$6.8M
Proceeds From Sale Of Real Estate Heldforinvestment$53.7M$13.3M$135.8M$9.8M$54.4M$47.1M
us-gaap_PaymentsToAcquireAndDevelopRealEstate$70.4M$91.0M$91.0M$91.0M$91.0M—
Payments to Acquire Other Productive Assets—$58.9M$75.1M$92.2M—$73.0M
Net cash from investing activities-$1.5B-$883.7M-$204.4M-$1.2B-$428.7M-$1.1B