# Ventas, Inc. (VTR) FY2025 Annual Balance Sheet

- Company: Ventas, Inc. (VTR)
- Period: As of 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-06, accession number 0000740260-26-000006
- Page: https://plicit.ai/financials/vtr/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/vtr-fy2025-annual-balance-sheet-sankey.png

## Chart details

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.