Ventas, Inc. (VTR) Stock

Ventas, Inc. (VTR) is a Real Estate stock trading at $91.74 (as of 2026-07-09), with a market capitalization of $44.60B and a trailing P/E of 163.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ventas, Inc. is a REIT focused on healthcare real estate, operating across the healthcare and real estate sectors. It partners with healthcare providers, developers, research and medical institutions, and related organizations, and as of September 30, 2020 owned or managed about 1,200 properties through unconsolidated joint ventures.

Understand Ventas, Inc.: how it makes money

Ventas is a REIT focused on healthcare real estate, partnering with care providers to operate senior housing and earn money primarily from resident fees and services.

Profitability is driven mainly by resident fees and services revenue, which depends on operational health of the senior housing portfolio (notably occupancy and move-ins).

Revenue by segment (latest quarter)
Resident fees and services$1.3B
Implied other revenue$0.4B

Business quality (Mixed): Core earnings appear tied to resident fee generation, with operating margin reported at 2.1% for the latest quarter (2026-03-31), so operating execution around occupancy and leasing is likely central.

Valuation: At 152× earnings, VTR trades 352% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Strong portfolio operating signals: Canada average occupancy level is reported at 96.5%, and move-ins are reported as 120.0% relative to 2019 levels.
  • Revenue source aligns with operations: Resident fees and services revenue is highlighted in the company’s operating metrics, linking revenue generation to occupancy and move-ins.

Bear case

  • Operating leverage can be limited: Reported operating margin is 2.1% for 2026-03-31, so adverse changes in occupancy or move-ins could have an outsized impact.
  • Execution risk is concentrated in real estate operations: Key operating measures (occupancy and move-ins) indicate performance depends on maintaining demand and unit utilization across the senior housing portfolio.
Valuation — source: SEC EDGAR (first-party)
Price$91.74
Market Cap$44.60B
P/E Ratio163.8
EV / EBITDA27.1
Price / Book3.38
Price / Sales7.27
DCF Value (model)$26.50
DCF Upside vs Price-71.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.83B
Net Margin4.5%
Revenue Growth (YoY)22.0%
EPS Growth (YoY)9.1%
Valuation vs Sector & Industry
Stock P/E163.8
Sector P/E (Real Estate)30.0
Industry P/E (Trading)33.7
vs Sector446.9%
vs Industry386.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.88B)
Institutional Holders Tracked10
Congressional Trades (recent)9
Company
SectorReal Estate
IndustryTrading
CEODebra A. Cafaro
Employees498
CountryUS
IPO Date1997-05-05

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VTR earnings history · VTR institutional & insider holders · VTR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.