Ventas Inc

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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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.

FY2024 · Filed Feb 13, 2025

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,
	2024	2023	2022
Reconciliation of real estate:
Carrying cost:
Balance at beginning of period	$30,165,798	$28,768,409	$28,479,870
Additions during period:
Acquisitions	1,817,275	1,437,729	460,959
Capital expenditures	560,006	645,596	443,710
Deductions during period:
Foreign currency translation	(287,505)	90,105	(265,942)
Other (1)	(425,563)	(776,041)	(350,188)
Balance at end of period	$31,830,011	$30,165,798	$28,768,409
Accumulated depreciation:
Balance at beginning of period	$9,016,173	$8,231,160	$7,433,480
Additions during period:
Depreciation expense	1,015,531	937,767	907,134
Dispositions:
Sales and/or transfers to assets held for sale	(115,981)	(190,666)	(72,047)
Foreign currency translation	(76,185)	37,912	(37,407)
Balance at end of period	$9,839,538	$9,016,173	$8,231,160

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

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2024

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		168		$808,973		$511,890		$4,640,742		$759,032		$542,415		$5,369,249		$5,911,664		$2,018,616		$3,893,048	1860 - 2013	2007 - 2021	13 - 54 years
	Brookdale Senior Living		129		48,040		190,091		1,860,167		131,497		190,698		1,991,057		2,181,755		1,066,193		1,115,563	1915 - 2012	2004 - 2021	24 - 35 years
	Sunrise Senior Living		86		41,372		210,207		2,331,589		275,821		223,688		2,593,930		2,817,617		1,194,960		1,622,657	1985 - 2009	2007 - 2021	17 - 35 years
	Sinceri Senior Living		40		—		74,077		693,443		83,227		76,113		774,634		850,747		278,086		572,661	1974 - 2017	2006 - 2024	35 - 35 years
	Discovery Senior Living		34		27,964		72,430		659,902		53,549		73,629		712,253		785,881		168,124		617,758	1984 - 2020	2006 - 2024	24 - 35 years
	Priority Life Care Properties		32		37,954		47,010		445,682		68,896		48,199		513,388		561,588		179,116		382,471	1986 - 2009	2006 - 2021	29 - 51 years
	Sodalis Senior Living		30		—		52,780		441,080		52,397		53,402		492,856		546,257		162,765		383,492	1987 - 2009	2006 - 2021	14 - 47 years
	Grace Management		26		17,662		98,083		655,799		13,278		98,082		669,078		767,160		28,040		739,120	1985 - 2016	2011 - 2024	12 - 39 years
	Koelsch Senior Communities		19		64,403		27,721		292,414		13,289		28,133		305,291		333,424		83,674		249,750	1972 - 2014	2011 - 2017	35 - 35 years
	Senior Lifestyle		16		—		55,911		553,261		27,969		57,328		579,813		637,141		76,081		561,059	1982 - 2012	2011 - 2023	33 - 35 years
	Meridian Senior Living		14		—		19,090		104,237		2,025		19,091		106,261		125,352		29,308		96,044	1972 - 2012	2011 - 2023	35 - 35 years
	Sonida Senior Living		13		12,401		18,129		197,928		38,816		18,833		236,040		254,873		89,332		165,541	1979 - 2006	2005 - 2021	35 - 47 years
	Azura Memory Care		13		—		6,361		53,002		7,193		7,200		59,356		66,556		24,560		41,996	1990 - 2019	2011 - 2019	35 - 35 years
	Milestone Retirement Communities		11		—		16,810		183,225		20,049		16,903		203,181		220,084		60,488		159,596	1965 - 2011	2011 - 2014	35 - 35 years
	American House		11		—		5,438		124,369		20,905		6,926		143,786		150,712		65,038		85,674	1998 - 2000	2006 - 2014	35 - 35 years
	Avamere Family of Companies		11		—		20,407		113,192		13,817		20,654		126,763		147,416		50,780		96,636	1998 - 2014	2011 - 2015	35 - 35 years
	Hawthorn Senior Living		10		55,205		35,668		220,099		19,542		35,890		239,418		275,309		34,035		241,274	1991 - 2008	2021 - 2021	27 - 50 years
	Other Senior Housing Operators		75		91,351		127,976		1,258,229		44,351		127,606		1,302,947		1,430,555		294,791		1,135,768	1972 - 2021	2004 - 2024	11 - 35 years
	Other Senior Housing			—		—		165		—		—		165		165		—		165
Total Senior Housing		738		1,205,325		1,590,079		14,828,525		1,645,653		1,644,790		16,419,466		18,064,256		5,903,987		12,160,273
Outpatient Medical Buildings
	Lillibridge		215		24,760		165,132		2,113,822		683,332		170,334		2,791,952		2,962,286		1,223,597		1,738,689	1960 - 2016	2004 - 2023	4 - 39 years
	PMB RES		40		238,007		80,638		975,535		198,377		82,416		1,172,134		1,254,550		433,324		821,226	1968 - 2024	2011 - 2023	19 - 35 years
	Cornerstone Companies, Inc.		26		—		28,336		156,018		3,636		28,417		159,573		187,990		11,531		176,459	1975 - 2012	2023 - 2023	35 - 35 years
	Ardent Health Services		19		—		5,638		214,808		599		5,638		215,408		221,045		20,329		200,716	1974 - 2011	2018 - 2022	35 - 35 years
	Memorial Health System		12		—		2,346		25,031		13,169		2,453		38,093		40,546		24,592		15,954	1976 - 2003	2010 - 2010	35 - 35 years
	Other Medical Buildings Operators		85		10,805		133,897		1,033,609		55,493		131,098		1,091,901		1,222,999		371,341		851,658	1954 - 2019	2004 - 2023	25 - 35 years
	Other Medical Buildings			—		—		—		5,655		3,644		2,011		5,655		2,363		3,292
Total Outpatient Medical Buildings		397		273,572		415,987		4,518,823		960,261		424,000		5,471,072		5,895,071		2,087,077		3,807,994

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			55,798		71,002		1,485,927		1,556,929			381,547		1,175,382	1900 - 2019	2016 - 2022	15 - 60 years
		Other Research Operators		2		—		1,194		76,515			290		1,193		76,806		77,999			12,334		65,665	2010 - 2016	2020 - 2020	35 - 35 years
		Other Research			71,695		—		11,328			258,172		69,458		200,042		269,500			8,764		260,736
	Total Research		29		299,295		72,958		1,517,210			314,260		141,653		1,762,775		1,904,428			402,645		1,501,783
	IRFs & LTACs
		Kindred Healthcare		34		—		86,024		348,554			(660)		85,027		348,890		433,917			212,065		221,852	1949 - 2008	1998 - 2024	20 - 40 years
		Other IRFs & LTACs		14		—		18,641		198,449			1,070		18,644		199,517		218,160			56,594		161,567	1989 - 2013	2011 - 2023	35 - 36 years
	Total IRFs & LTACs		48		—		104,665		547,003			410		103,671		548,407		652,077			268,659		383,419
	Other Healthcare Facilities
		Ardent Health Services		10		—		98,428		1,126,010			78,106		97,416		1,205,128		1,302,544			321,882		980,663	1928 - 2020	2018 - 2022	35 - 35 years
	Skilled Nursing
		Genesis Healthcare		12		—		11,350		164,745			(5,708)		11,350		159,037		170,387			82,117		88,270	1948 - 1995	2004 - 2011	30 - 35 years
		Other Skilled Nursing Operators		22		—		31,502		192,512			(22,707)		31,683		169,624		201,307			26,933		174,373	1920 - 2000	1998 - 2023	29 - 40 years
	Total Skilled Nursing		34		—		42,852		357,257			(28,415)		43,033		328,661		371,694			109,050		262,643
CANADIAN PROPERTIES
	Senior Housing
		Le Groupe Maurice		37		1,156,570		162,989		1,967,564			(63,608)		154,141		1,912,804		2,066,945			240,019		1,826,926	2000 - 2024	2019 - 2022	40 - 60 years
		Atria Senior Living		29		265,047		75,553		845,363			(110,078)		63,843		746,995		810,838			272,953		537,885	1988 - 2008	2014 - 2014	35 - 35 years
		Sunrise Senior Living		12		—		46,600		418,821			(83,373)		36,994		345,053		382,048			173,318		208,730	2001 - 2007	2007 - 2007	35 - 35 years
		Other Senior Housing Operators		6		—		25,172		146,694			(16,019)		22,116		133,732		155,847			14,841		141,006	2006 - 2019	2021 - 2021	35 - 35 years
		Other Senior Housing			—		—		—			—		—		—		—			—		—
	Total Senior Housing		84		1,421,617		310,314		3,378,442			(273,078)		277,094		3,138,584		3,415,678			701,131		2,714,547
UNITED KINGDOM PROPERTIES
	Senior Housing
		Canford Healthcare Limited		11		—		40,481		81,719			(17,264)		34,571		70,365		104,936			20,674		84,262	1910 - 2014	2015 - 2017	40 - 40 years
	International Hospital
		Spire Healthcare		3		—		11,903		136,628			(29,206)		9,562		109,763		119,325			24,433		94,892	1980 - 1986	2014 - 2014	50 - 50 years
TOTAL		1,354			$3,199,809			$2,687,667			$26,491,617			$2,650,727			$2,775,790			$29,054,221			$31,830,011		$9,839,538		$21,990,473

(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.