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

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

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.