Ventas, Inc. (VTR)

Sector: Real Estate|Industry: REIT - Healthcare Facilities|Market Cap: $24.66B|Employees: 486


Ventas, Inc. is a real estate investment trust (REIT) that focuses on senior housing communities, outpatient medical buildings, research centers, hospitals, and healthcare facilities in North America and the United Kingdom. The company's core business model involves owning and investing in these properties, with revenue streams derived from rents and management fees. Ventas aims to capitalize on the growing aging population and maintain a diversified portfolio across different geographies and property types.

  1. Filings

Filing Highlights

Financial Performance

The 10-K reports that total Net Operating Income (NOI) increased to $1,925.2 million in 2023 from $1,842.6 million in 2022, a 4.5% increase. This indicates a positive trend in the company's operational performance.

The Senior Housing Operating Portfolio (SHOP) segment experienced a 9.9% increase in NOI, rising from $647.5 million in 2022 to $711.4 million in 2023. This indicates a strong performance in the senior housing sector.

Interest expense increased from $467.6 million in 2022 to $574.1 million in 2023, representing a 22.8% increase. This could be a concern, as it reduces profitability.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment