Ventas

VTR Real Estate Market cap $45.7B as of Sep 14, 2026 16:03 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026

Revenue$1.73B +22% year over year

Operating profit$0.05B 3% margin

Net profit$0.07B 4% margin

Net profit is larger than what operations earned, because the statement adds $0.02B below it, under Tax benefit.

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.73	100%	+22%
Operating expenses	−1.68	97%
Property operating	−1.04	60%	+2pp
Interest	−0.16	9%	−1pp
Underwriting	−<0.01	0%	+0pp
G&A	−0.05	3%	+0pp
Other	−0.42	25%	+0pp
Operating profit	0.05	3% margin	+0pp
Tax benefit	0.02
Net profit	0.07	4% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.66	100%	+22%
Operating expenses	−1.62	98%
Property operating	−1.00	60%	+3pp
Interest	−0.16	9%	−2pp
Underwriting	−0.01	1%	+0pp
G&A	−0.06	4%	+0pp
Other	−0.39	24%	+0pp
Operating profit	0.04	2% margin	−1pp
Tax benefit	0.02
Net profit	0.06	4% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.57	100%	+22%
(OM&R) rental income	0.90	57%
NNN rental income	0.60	39%
From loans & investments	0.02	2%
Interest & other income	0.02	1%
Third-party capital	0.02	1%
Other revenue	0.01	0%
Outpatient medical	<0.01	0%
Operating expenses	−1.49	95%
Property operating	−0.94	60%	+2pp
Interest	−0.15	10%	−2pp
G&A	−0.04	2%	−1pp
Other	−0.36	23%	+0pp
Operating profit	0.08	5% margin	+5pp
Tax	−<0.01
Net profit	0.07	5% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.49	100%	+20%
Operating expenses	−1.45	97%
Property operating	−0.87	58%	+1pp
Interest	−0.16	11%	−2pp
Underwriting	−0.01	1%	+1pp
G&A	−0.04	3%	+0pp
Other	−0.36	24%	+0pp
Operating profit	0.04	3% margin	+1pp
Other income, net	0.03
Net profit	0.07	5% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Segment revenue	1.25	101%
Resident fees &	0.85	68%
OM&R	0.22	18%
NNN	0.16	13%
Non-	0.01	1%
Interest & other income	0.01	1%
Third party capital	<0.01	0%
From loans & investments	<0.01	0%
Eliminations	−0.01	−1%
Net revenue	1.24	100%	+8%
Operating expenses	−1.22	98%
Property operating	−0.71	58%	+1pp
Interest	−0.15	12%	−1pp
Underwriting	−<0.01	0%	+0pp
G&A	−0.04	3%	+0pp
Other	−0.31	25%	+0pp
Operating profit	0.02	2% margin	+8pp
Other income, net	<0.01
Net profit	0.02	2% margin	+8pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY24 (period ends Mar 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.20	100%	+11%
US	1.06	88%	+11%
CA	0.13	11%	+15%
GB	0.01	1%	+8%
Operating expenses	−1.21	101%
Property operating	−0.69	57%	+1pp
Professional services	−0.02	1%	+1pp
Interest	−0.15	13%	+1pp
G&A	−0.05	4%	+0pp
Other	−0.31	26%	+0pp
Operating profit	−0.01	−1% margin	−2pp
Interest & other costs	−0.01
Net profit	−0.01	−1% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026 Operating margin 3% Net profit $0.07B	Apr 1 – Jun 30, 2026	Jul 30, 2026	$1.73B	+22%	3%	$0.07B	4%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 28, 2026 Operating margin 2% Net profit $0.06B	Jan 1 – Mar 31, 2026	Apr 28, 2026	$1.66B	+22%	2%	$0.06B	4%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 6, 2026 Operating margin 5% Net profit $0.07B	Oct 1 – Dec 31, 2025	Feb 6, 2026	$1.57B	+22%	5%	$0.07B	5%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 30, 2025 Operating margin 3% Net profit $0.07B	Jul 1 – Sep 30, 2025	Oct 30, 2025	$1.49B	+20%	3%	$0.07B	5%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Oct 31, 2024 Operating margin 2% Net profit $0.02B	Jul 1 – Sep 30, 2024	Oct 31, 2024	$1.24B	+8%	2%	$0.02B	2%
Q1 FY24 Jan 1 – Mar 31, 2024 reported May 2, 2024 Operating margin −1% Net profit −$0.01B	Jan 1 – Mar 31, 2024	May 2, 2024	$1.20B	+11%	−1%	−$0.01B	−1%