Analyst Report: Ventas Inc

Argus

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Mar 07, 2025

Summary

Ventas Inc. is simply a existent property concern spot that invests chiefly successful existent property serving the healthcare assemblage and is simply a person successful private-pay elder lodging successful the U.S. The institution acquires, develops, and leases astir 1,400 assets successful the U.S., Canada, and the U.K. Ventas breaks its operations into 3 spot segments: SHOP (senior lodging operating portfolio); OM&R (medical bureau and research); and NNN, oregon Triple-Net Healthcare (hospitals, skilled-care nursing facilities, semipermanent acute care, in-patient rehabilitation).

At the opening of 2025, VTR's portfolio included astir 800 SHOP assets, with implicit 77,000 tenants, 22 cardinal quadrate feet of bureau and probe space, and Triple-Net Healthcare properties with astir 10,000 beds. Total revenues successful 2024 were $4.9 cardinal with NNN accounting for 13%; OM&R accounting for 18%; Resident Fees from SHOP accounting for 69%. SHOP accounted for astir fractional of 202