Income StatementBalance SheetCash FlowSegments
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Ventas Income Statement

Revenue, expenses, and profitability over time

Ventas generated $6.1B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $272.2M with a 4.44% net margin. Diluted EPS is $0.55, which grew 0.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.1BNet Income (TTM)$272.2MEps Diluted (TTM)$0.55
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$43.9B
P/E Ratio161.37
ROE2.21%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$4.2M$6.0M$4.6M$5.5M—$6.7M
Depreciation and amortization$308.8M$321.5M$347.7M$357.2M$352.7M$382.5M
Other Costs and Expenses—$1.4M—$13.4M—$9.7M
General and administrative$41.4M$53.1M$42.9M$40.4M$41.0M$62.7M
Total operating expenses$1.3B$1.3B$1.4B$1.4B$1.5B$1.6B
Lease Costs$739.5M$783.9M$825.3M$868.4M$935.8M$1.0B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$56.8M$46.9M$68.3M$66.0M$70.2M$55.9M
Net income$58.7M$48.4M$71.5M$68.7M$73.0M$59.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.14$0.11$0.15$0.14$0.15$0.12
Diluted earnings per share$0.13$0.10$0.15$0.14$0.15$0.11
Continuing operations (in dollars per share)$0.14$0.11$0.16$0.15$0.15$0.12
Continuing operations (in dollars per share)$0.14$0.11$0.16$0.15$0.15$0.12

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on extinguishment of debt-$15.0K$0.0$0.0-$119.0K-$53.0K-$449.0K
Interest expense$153.2M$149.4M$150.3M$158.1M$154.5M$156.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$508.0K$40.9M$42.7M$44.4M$76.3M$35.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$45.5M-$10.6M$3.9M-$6.3M-$1.1M-$15.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other occupancy$1.6M$1.6M$1.6M$1.6M$1.6M—
Gain on real estate dispositions$6.7M$169.0K$33.8M$1.3M$3.3M$15.0M
Loss from unconsolidated entities$7.0M-$3.3M-$1.1M$16.6M—-$7.4M
Interest income and other, net$8.3M$3.1M$5.9M$4.2M$7.9M$2.5M
Interest Income Operating—$4.3M—$5.5M—$4.1M
Noncash Or Part Noncash Acquisition Deferred Income Tax Liabilities Assumed$21.6M-$15.3M$33.8M-$53.2M$73.7M-$22.8M
Lease income — operating leases$373.6M$377.4M$373.5M$386.3M$359.5M$353.2M
Other expense (income)$12.4M$7.7M$7.7M$7.7M$7.7M—
Repayments of Other Debt$81.4M$1.1B$118.9M$442.1M$128.1M$810.7M
Transfer from securities available-for-sale to securities held-to-maturity$32.6M$21.0M$5.1M$28.7M$1.5M$30.9M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.3B$1.4B$1.4B$1.5B$1.6B$1.7B