Ventas Inc

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

VTR$90.34+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Schedule III — Real Estate and Accumulated Depreciation

	For the Years Ended December 31,
	2023	2022	2021
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$28,768,409	$28,479,870	$26,850,442
Additions during period:
Acquisitions	1,437,729	460,959	2,413,570
Capital expenditures	645,596	443,710	423,752
Deductions during period:
Foreign currency translation	(776,041)	(350,188)	17,030
Other (1)	90,105	(265,942)	(1,224,924)
Balance at end of period	$30,165,798	$28,768,409	$28,479,870
Accumulated depreciation:
Balance at beginning of period	$8,231,160	$7,433,480	$6,967,413
Additions during period:
Depreciation expense	937,767	907,134	865,627
Dispositions:
Sales and/or transfers to assets held for sale	(190,666)	(72,047)	(401,208)
Foreign currency translation	37,912	(37,407)	1,648
Balance at end of period	$9,016,173	$8,231,160	$7,433,480

(1)Other may include sales, transfers to assets held for sale and impairments.

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2023

Initial Cost to Company · Gross Amount Carriedat Close of Period
Description · Count · Encumbrances · Land andImprovements · Buildings andImprovements · CostsCapitalizedSubsequent to Acquisition (1) · Land andImprovements · Buildings andImprovements · Total · AccumulatedDepreciation · Net Book Value · Year ofConstruction · YearAcquired · Life on whichDepreciationIn Income Statement is Computed
UNITED STATES PROPERTIES
Senior Housing
	Atria Senior Living		184		$870,545		$548,951		$4,982,539		$720,154		$578,414		$5,673,231		$6,251,645		$1,918,046		$4,333,598	1835 - 2013	2007 - 2021	13 - 54 years
	Brookdale Senior Living		130		48,040		192,994		2,047,145		151,037		193,627		2,197,549		2,391,176		1,036,727		1,354,449	1915 - 2012	2004 - 2021	24 - 35 years
	Sunrise Senior Living		75		—		184,905		1,976,814		200,637		197,031		2,165,325		2,362,356		1,054,605		1,307,751	1987 - 2009	2007 - 2012	35 - 35 years
	Sinceri Senior Living		34		—		59,273		580,266		67,694		58,964		648,269		707,233		256,006		451,227	1974 - 2005	2006 - 2015	35 -35 years
	Priority Life Care Properties		33		38,716		47,800		455,250		56,710		48,824		510,936		559,760		160,709		399,051	1920 - 2009	2006 - 2021	29 - 51 years
	Sodalis Senior Living		29		—		51,880		435,568		34,730		52,488		469,690		522,178		137,889		384,289	1987 - 2009	2006 - 2021	14 - 47 years
	Discovery Senior Living		23		28,525		35,757		394,045		44,023		36,848		436,977		473,825		147,233		326,592	1984 - 2009	2006 - 2021	24 - 35 years
	Koelsch Senior Communities		19		64,851		27,721		292,414		13,285		28,131		305,289		333,420		74,585		258,835	1972 - 2017	2011 - 2017	35 -35 years
	Senior Lifestyle		16		—		55,911		553,261		9,620		57,031		561,761		618,792		54,740		564,052	1982 - 2012	2011 - 2023	33 - 35 years
	Meridian Senior Living		14		—		19,090		104,237		(1,158)		19,090		103,079		122,169		25,070		97,099	1972 - 2012	2011 - 2023	35 -35 years
	Azura Memory Care		13		—		6,361		53,002		7,195		7,200		59,358		66,558		22,788		43,770	1990 - 2019	2011 - 2019	35 -35 years
	Matthews Senior Living		12		—		11,200		21,161		(17,358)		6,732		8,271		15,003		8,491		6,512	1985 - 2007	2011 - 2011	35 -35 years
	Milestone Retirement Communities		11		—		16,810		183,225		11,615		16,810		194,840		211,650		53,037		158,613	1965 - 2011	2011 - 2014	35 -35 years
	American House		11		—		5,438		124,369		18,494		6,842		141,459		148,301		59,778		88,523	1998 - 2000	2006 - 2014	35 -35 years
	Avamere Family of Companies		11		—		20,407		113,192		12,774		20,653		125,720		146,373		45,936		100,437	1998 - 2012	2011 - 2015	35 -35 years
	Hawthorn Senior Living		10		56,314		35,668		220,099		16,474		35,862		236,379		272,241		23,244		248,997	1998 - 2008	2021 - 2021	27 - 50 years
	Sonida Senior Living		10		—		14,080		118,512		30,750		14,505		148,837		163,342		66,418		96,924	1977 - 1998	2005 - 2012	35 -35 years
	Ridgeline Management Company		10		—		11,405		94,242		6,478		11,405		100,720		112,125		32,968		79,157	1972 - 2007	2011 - 2021	11 - 35 years
	Other Senior Housing Operators		64		110,220		91,739		778,568		35,133		89,651		815,789		905,440		268,815		636,625	1987 - 2020	2004 - 2023	12 - 39 years
	Other Senior Housing			—		—		336		—		—		336		336		—		336
Total Senior Housing		709		1,217,211		1,437,390		13,528,245		1,418,287		1,480,108		14,903,815		16,383,923		5,447,085		10,936,837
Outpatient Medical Buildings
	Lillibridge		219		36,718		169,535		2,142,552		592,090		170,792		2,733,385		2,904,177		1,112,022		1,792,155	1960 - 2016	2004 - 2023	4 - 39 years
	PMB RES		40		206,039		81,666		992,528		137,622		83,314		1,128,502		1,211,816		399,496		812,320	1972 - 2019	2011 - 2023	19 - 35 years
	Cornerstone Companies, Inc.		26		—		28,336		156,018		—		28,336		156,018		184,354		4,390		179,964	1975 - 2012	2023 - 2023	35 -35 years
	Ardent Health Services		19		—		5,638		214,808		600		5,638		215,408		221,046		14,139		206,907	1974 - 2011	2018 - 2022	35 -35 years
	Memorial Health System		12		—		2,346		25,031		13,166		2,451		38,092		40,543		23,025		17,518	1976 - 2002	2010 - 2010	35 -35 years
	Other Medical Buildings Operators		89		—		136,691		1,012,745		49,447		133,519		1,065,364		1,198,883		320,343		878,540	1954 - 2019	2004 - 2023	25 - 35 years
	Other Medical Buildings			10,348		3,644		36,062		—		3,644		36,062		39,706		2,366		37,340
Total Outpatient Medical Buildings		405		253,105		427,856		4,579,744		792,925		427,694		5,372,831		5,800,525		1,875,781		3,924,744

Initial Cost to Company · Gross Amount Carriedat Close of Period
Description · Count · Encumbrances · Land andImprovements · Buildings andImprovements · CostsCapitalizedSubsequent to Acquisition (1) · Land andImprovements · Buildings andImprovements · Total · AccumulatedDepreciation · Net Book Value · Year ofConstruction · YearAcquired · Life on whichDepreciationIn Income Statement is Computed
	Research
		Wexford		27		227,600		71,764		1,429,367			69,967		70,447		1,500,651		1,571,098			329,464		1,241,634	1923 - 2019	2016 - 2022	15 - 60 years
		Other Research Operators		2		—		1,194		76,515			107		1,194		76,622		77,816			9,758		68,058	2010 - 2016	2020 - 2020	35 -35 years
		Other Research			—		65,513		111,384			—		65,513		111,384		176,897			6,555		170,342
	Total Research		29		227,600		138,471		1,617,266			70,074		137,154		1,688,657		1,825,811			345,777		1,480,034
	IRFs & LTACs
		Kindred Healthcare		29		—		33,385		222,156			(1,000)		32,385		222,156		254,541			208,817		45,724	1937 - 1995	1976 - 2020	20 - 40 years
		Other IRFs & LTACs		14		—		18,641		198,449			1,068		18,641		199,517		218,158			50,504		167,654	1989 - 2013	2011 - 2023	35 - 36 years
	Total IRFs & LTACs		43		—		52,026		420,605			68		51,026		421,673		472,699			259,321		213,378
	Other Healthcare Facilities
		Ardent Health Services		10		—		98,428		1,126,010			78,104		97,416		1,205,126		1,302,542			288,219		1,014,323	1928 - 2020	2015 - 2020	20 - 47 years
	Skilled Nursing
		Genesis Healthcare		12		—		11,350		164,745			(5,708)		11,350		159,037		170,387			77,602		92,785	1897 - 1995	2004 - 2011	30 - 35 years
		Wellington		10		—		14,744		93,096			—		14,744		93,096		107,840			2,709		105,131	1969 - 1998	2023 - 2023	35 -35 years
		Other Skilled Nursing Operators		22		—		31,502		192,512			1,405		31,682		193,737		225,419			19,126		206,293	1920 - 2000	1991 - 2023	29 - 40 years
	Total Skilled Nursing		44		—		57,596		450,353			(4,303)		57,776		445,870		503,646			99,437		404,209
CANADIAN PROPERTIES
	Senior Housing
		Le Groupe Maurice		36		1,185,492		162,989		1,967,564			8,027		162,795		1,975,785		2,138,580			202,246		1,936,334	2000 - 2023	2019 - 2023	40 - 60 years
		Atria Senior Living		29		294,515		75,553		845,363			(47,026)		68,536		805,354		873,890			269,485		604,405	1988 - 2008	2014 - 2014	35 -35 years
		Sunrise Senior Living		12		—		46,600		418,821			(62,383)		39,383		363,655		403,038			175,692		227,346	2000 - 2007	2007 - 2007	35 -35 years
		Other Senior Housing Operators		6		—		25,172		146,694			(5,960)		24,011		141,895		165,906			10,768		155,138	2006 - 2012	2021 - 2021	35 -35 years
		Other Senior Housing			28,228		3,784		60,605			—		3,784		60,605		64,389			—		64,389
	Total Senior Housing		83		1,508,235		314,098		3,439,047			(107,342)		298,509		3,347,294		3,645,803			658,191		2,987,612
UNITED KINGDOM PROPERTIES
	Senior Housing
		Canford Healthcare Limited		12		—		42,445		84,181			(17,168)		36,864		72,594		109,458			19,818		89,640	1980 - 2014	2015 - 2017	40 - 40 years
	International Hospital
		Spire Healthcare		3		—		11,903		136,628			(27,140)		9,727		111,664		121,391			22,544		98,847	1980 - 2010	2014 - 2014	50 - 50 years
TOTAL		1,338			$3,206,151			$2,580,213			$25,382,079			$2,203,505			$2,596,274			$27,569,524			$30,165,798		$9,016,173		$21,149,625

(1) Adjustments to basis included provisions for asset impairments, partial dispositions, costs capitalized subsequent to acquisitions and foreign currency translation adjustments.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.