Ventas, Inc. (VTR) FY2025 Annual Balance Sheet

Ventas, Inc. (VTR) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

27,591,945,000 US dollars

Liabilities

14,630,983,000 US dollars

Equity

12,585,808,000 US dollars

Redeemable OP unitholder and noncontrolling interests

375,154,000 US dollars

Noncontrolling interest

58,555,000 US dollars. Included in consolidated equity; this amount is not added again.

Accumulated depreciation and amortization

negative 12,043,619,000 US dollars. Part of Net real estate property, drawn as one net amount.

Buildings and improvements

30,872,598,000 US dollars. Part of Net real estate property, drawn as one net amount.

Construction in progress

358,811,000 US dollars. Part of Net real estate property, drawn as one net amount.

Acquired lease intangibles

1,680,567,000 US dollars. Part of Net real estate property, drawn as one net amount.

Land and improvements

2,962,738,000 US dollars. Part of Net real estate property, drawn as one net amount.

Operating lease assets

295,838,000 US dollars. Part of Net real estate property, drawn as one net amount.

Net real estate property

24,126,933,000 US dollars

Goodwill

1,046,072,000 US dollars

Other assets

825,529,000 US dollars

Cash and cash equivalents

741,067,000 US dollars

Investments in unconsolidated real estate entities

617,571,000 US dollars

Secured loans receivable and investments, net

143,913,000 US dollars

Escrow deposits and restricted cash (1)

45,070,000 US dollars

Assets held for sale

42,993,000 US dollars

Deferred income tax assets, net

2,797,000 US dollars

Senior notes payable and other debt

13,011,016,000 US dollars

Accounts payable and other liabilities

1,240,820,000 US dollars

Operating lease liabilities

208,602,000 US dollars

Accrued interest payable

143,104,000 US dollars

Deferred income tax liabilities

23,409,000 US dollars

Liabilities related to assets held for sale

4,032,000 US dollars

Capital in excess of par value

19,976,183,000 US dollars

Common stock, $0.25 par value; 1,200,000 shares authorized, 474,926 and 437,085 shares outstanding at December 31, 2025 and 2024, respectively

118,732,000 US dollars

Preferred stock, $1.00 par value; 10,000 shares authorized, unissued

0 US dollars

Noncontrolling interests

58,555,000 US dollars

Retained earnings (deficit)

negative 7,527,777,000 US dollars

Accumulated other comprehensive loss

negative 39,851,000 US dollars

Treasury stock, 0 and 4 shares issued at December 31, 2025 and 2024, respectively

negative 34,000 US dollars

Gross equity (calculated)

20,153,470,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.