Ventas, Inc.
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
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FY2025 · Filed Feb 6, 2026
VTR$90.34+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 25 and
CONSOLIDATED BALANCE SHEETS
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Real estate investments: | ||
| Land and improvements | $2,962,738 | $2,775,790 |
| Buildings and improvements | 30,872,598 | 28,717,990 |
| Construction in progress | 358,811 | 336,231 |
| Acquired lease intangibles | 1,680,567 | 1,558,751 |
| Operating lease assets | 295,838 | 308,019 |
| 36,170,552 | 33,696,781 | |
| Accumulated depreciation and amortization | (12,043,619) | (11,096,236) |
| Net real estate property | 24,126,933 | 22,600,545 |
| Secured loans receivable and investments, net | 143,913 | 144,872 |
| Investments in unconsolidated real estate entities | 617,571 | 626,122 |
| Net real estate investments | 24,888,417 | 23,371,539 |
| Cash and cash equivalents | 741,067 | 897,850 |
| Escrow deposits and restricted cash | 45,070 | 59,383 |
| Goodwill | 1,046,072 | 1,044,915 |
| Assets held for sale | 42,993 | 18,625 |
| Deferred income tax assets, net | 2,797 | 1,931 |
| Other assets | 825,529 | 792,663 |
| Total assets | $27,591,945 | $26,186,906 |
| Liabilities and equity | ||
| Liabilities: | ||
| Senior notes payable and other debt | $13,011,016 | $13,522,551 |
| Accrued interest payable | 143,104 | 143,345 |
| Operating lease liabilities | 208,602 | 218,003 |
| Accounts payable and other liabilities | 1,240,820 | 1,152,306 |
| Liabilities related to assets held for sale | 4,032 | 2,726 |
| Deferred income tax liabilities | 23,409 | 8,150 |
| Total liabilities | 14,630,983 | 15,047,081 |
| Redeemable OP unitholder and noncontrolling interests | 375,154 | 310,229 |
| Commitments and contingencies | ||
| Equity: | ||
| Ventas stockholders’ equity: | ||
| Preferred stock, $1.00 par value; 10,000 shares authorized, unissued | — | — |
| 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 | 109,119 |
| Capital in excess of par value | 19,976,183 | 17,607,482 |
| Accumulated other comprehensive loss | (39,851) | (33,526) |
| Retained earnings (deficit) | (7,527,777) | (6,886,653) |
| Treasury stock, 0 and 4 shares issued at December 31, 2025 and 2024, respectively | (34) | (25,155) |
| Total Ventas stockholders’ equity | 12,527,253 | 10,771,267 |
| Noncontrolling interests | 58,555 | 58,329 |
| Total equity | 12,585,808 | 10,829,596 |
| Total liabilities and equity | $27,591,945 | $26,186,906 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.