Ventas, Inc.

Ventas, Inc. is a U.S.-based real estate investment trust focused on healthcare and senior housing properties. Its portfolio includes senior housing communities, outpatient medical buildings, research centers, hospitals, and other healthcare facilities across North America and the United Kingdom, held through operating and triple-net lease structures.

4,5 %

+18,5 %

— Ventas, Inc.
%
SHOP45% Senior housing communities where Ventas participates in operating performance.
OM&R25% Outpatient medical buildings and research centers leased or operated for healthcare use.
NNN20% Triple-net leased healthcare properties with tenant-paid operating costs.
Non-segment and investment platform assets10% Corporate assets, loans, and unconsolidated investments including VIM and joint ventures.

Ventas serves healthcare operators, senior housing residents indirectly through operating partners, and institutional...

  • Senior housing operatorsprimary

    Third-party managers and care providers operating SHOP communities on Ventas-owned properties.

  • Healthcare tenantsprimary

    Medical practices, research users, and healthcare operators leasing OM&R and NNN assets.

  • Institutional capital partnerssecondary

    Third-party investors participating in VIM joint ventures and co-investment vehicles.

  • Residents and patientsprimary

    End users of senior housing and healthcare facilities whose demand supports occupancy and utilization.

Ventas owns and invests in properties across North America and the United Kingdom, with headquarters in Chicago and...

  • •Portfolio spans North America and the United Kingdom
  • •Headquartered in Chicago, Illinois
  • •Additional corporate offices in Louisville and New York
  • •U.S. is the core operating market for senior housing and healthcare assets
  • •U.K. exposure adds foreign-currency and regulatory considerations

Ventas focuses on senior housing and healthcare real estate tied to demographic demand, using operating expertise and...

01
Expand senior housing exposuremedium-term

Senior housing is the core growth engine and benefits from aging demographics.

02
Improve operating performance with data analyticsshort-term

Better operating decisions can lift community performance and care quality.

03
Preserve financial flexibilitymedium-term

REIT structure and acquisition strategy require access to capital and liquidity.

Ventas is exposed to healthcare demand cycles, labor and inflation pressures, interest rates, and exchange-rate...

high

Macroeconomic pressure on operating performance

Inflation, unemployment, consumer sentiment, and interest rates can affect occupancy, costs, and capital access.

Scope
Senior housing and healthcare real estate operations
Materiality
high
high

Labor cost and staffing availability

Senior housing and healthcare properties depend on labor-intensive service delivery.

Scope
SHOP and healthcare facilities
Materiality
high
high

Interest rate and financing risk

Higher rates can raise borrowing costs and pressure property values and acquisition returns.

Scope
Debt service, acquisitions, and valuation
Materiality
high
high

REIT status compliance

Failure to meet REIT rules could change tax treatment and reduce distributable cash flow.

Scope
Tax qualification and asset/income tests
Materiality
high
medium

Foreign exchange exposure

U.K. assets and international activity can create translation and transaction volatility.

Scope
United Kingdom operations
Materiality
medium
medium

Cybersecurity and third-party dependence

The company relies on managers, tenants, vendors, and systems it does not fully control.

Scope
Data security, operations, and business continuity
Materiality
medium
Consolidation and noncontrolling interests
Affects reported assets, liabilities, NOI, and net earnings
Fair value and impairment of real estate investments
Can affect carrying values and impairment charges
Equity method investments in unconsolidated entities
Affects earnings volatility and comparability
Derivative and hedge accounting
Can create OCI and earnings timing effects

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: 11/08/2026