# Ventas, Inc. (VTR) FY2025 Annual P&L / Income Statement

- Company: Ventas, Inc. (VTR)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-06, accession number 0000740260-26-000006
- Page: https://plicit.ai/financials/vtr/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/vtr-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 5,833,980,000 US dollars
- **Operating expenses (calculated)**: 5,629,659,000 US dollars
- **Operating profit (calculated)**: 204,321,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests**: 204,321,000 US dollars
- **Income tax benefit**: negative 14,150,000 US dollars
- **Net income (loss)**: 261,518,000 US dollars
- **Resident fees and services**: 4,276,163,000 US dollars
- **Third-party capital management revenues**: 17,547,000 US dollars
- **Income from loans and investments**: 22,593,000 US dollars
- **Outpatient Medical And Research Portfolio**: 895,089,000 US dollars
- **Triple Net Leased Properties**: 601,578,000 US dollars
- **Interest and other income**: 21,010,000 US dollars
- **Total expenses**: 5,629,659,000 US dollars
- **Gain on real estate dispositions**: 38,579,000 US dollars. Reported below-tax contribution to net income.
- **Income from unconsolidated entities**: 4,468,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to Ventas, Inc.: $251.38 M; to noncontrolling interests: $10.14 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/vtr/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/vtr-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 5,833,980,000 US dollars
- **Operating expenses (calculated)**: 5,629,659,000 US dollars
- **Operating profit (calculated)**: 204,321,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests**: 204,321,000 US dollars
- **Income tax benefit**: negative 14,150,000 US dollars
- **Net income (loss)**: 261,518,000 US dollars
- **UNITED STATES**: 5,209,830,000 US dollars
- **CANADA**: 552,924,000 US dollars
- **UNITED KINGDOM**: 71,226,000 US dollars
- **Total expenses**: 5,629,659,000 US dollars
- **Gain on real estate dispositions**: 38,579,000 US dollars. Reported below-tax contribution to net income.
- **Income from unconsolidated entities**: 4,468,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to Ventas, Inc.: $251.38 M; to noncontrolling interests: $10.14 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vtr/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vtr-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 5,833,980,000 US dollars
- **Operating expenses (calculated)**: 5,629,659,000 US dollars
- **Operating profit (calculated)**: 204,321,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests**: 204,321,000 US dollars
- **Income tax benefit**: negative 14,150,000 US dollars
- **Net income (loss)**: 261,518,000 US dollars
- **Senior Living Operations**: 4,276,163,000 US dollars
- **Triple Net Leased Properties**: 601,578,000 US dollars
- **Outpatient medical and research portfolio (OM&R)**: 897,902,000 US dollars
- **Total expenses**: 5,629,659,000 US dollars
- **Revenue before reconciliation (calculated)**: 5,775,643,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Non-Segment**: 58,337,000 US dollars. Reported reconciliation to consolidated revenue.
- **Gain on real estate dispositions**: 38,579,000 US dollars. Reported below-tax contribution to net income.
- **Income from unconsolidated entities**: 4,468,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Ventas, Inc.: $251.38 M; to noncontrolling interests: $10.14 M.