Ventas VTR
Ventas, Inc. is an S&P 500 company focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. 10-K, Item 1
- Headquarters
- Chicago, IL
- CEO
- Debra A. Cafaro
- Next results
- around Feb 4, 2027
VTR among Real estate peers
Six ratios from the latest 10-K. Each corner is the share of 28 peers the company is above, not a score.
What changed
34 new risk paragraphs. 10-K filed Feb 6, 2026 against Feb 13, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 10 checks found nothing to note
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Receivables -7.6% vs revenue +18.5% (-26.1 pts)
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Cash from operations $1.6B vs net income $261.5M (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: KPMG LLP
7 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Impairment of real estate investments in the senior housing operating portfolio
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
34 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
We rely heavily on our managers, tenants and borrowers and on their ability to perform their obligations to us, regardless of whether our relationship is structured as a management agreement, lease or loan. We have limited control over the success or failure of their businesses. At any time, our managers, tenants or borrowers may…
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Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
Ownership of properties or operation of our business outside the United States may subject us to different or greater risks than those associated with our domestic operations. We own properties and operate in the United Kingdom and Canada, which represent 1.2% and 9.5% of our total revenues, respectively. International development,…
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Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
Our inability to renew our management agreements with our SHOP managers or our leases with our NNN and OM&R tenants on as favorable terms or at all, and our inability when necessary, to effectively and efficiently transition a SHOP community to a new manager or a NNN or OM&R property to a new tenant, may have an adverse effect on our…
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Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
Even if we successfully foreclose on any collateral securing our loans, costs related to enforcement of our remedies, high loan-to-value ratios or declines in the value of the collateral could prevent us from realizing the
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $4.1B | $4.5B | $4.9B | $5.8B |
| Net income | −$47.4M | −$41.0M | $81.2M | $251.4M |
| Operating cash flow | $1.1B | $1.1B | $1.3B | $1.6B |
| Free cash flow | $219.5M | $470.4M | −$1.2B | −$1.3B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$5.8B ▲ 18.5% in FY2025$251.4M ▲ 209.8% in FY2025−$1.3B in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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8-KNov 10, 2026Other events 8-K item 8.01
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10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 27, 2026Quarterly results 8-K item 2.02
About the company
Ventas, Chicago, IL · from the 10-K filed Feb 6, 2026
Ventas, Inc. is an S&P 500 company focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. We hold a portfolio that includes senior housing communities, outpatient medical buildings, research centers, hospitals and healthcare facilities located in North America and the United Kingdom. As of December 31, 2025, we owned or had investments in 1,409 properties consisting of 1,374 properties in our reportable segments (“Segment Properties”) and 35 properties held by unconsolidated real estate entities in our non-segment operations.
- Headquarters
- Chicago, IL
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 27, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 6, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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