Income Statement

Revenue

+41%

+54%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	84	80	76	72	68	66	62	62	61	62	65	66	68	74	89	100	120	130	132	129	144	165	181	197	209	207	207	203	199	191	183	174	175	175	175	172	172	181	207	224	250	0	203	289	227	309	319	249	258	225	218	292	287	322	341	367	388	408	416	420	425	435	444	448	451	450	444	442	442	439	445	452	458	471	472	470	464	451	444	440	440	444	455	468	485	514	543	574	596	602	604	603	602	603	611	612
Revenue	201 N/A	203 +1%	202 0%	177 -13%	186 +5%	185 -1%	187 +1%	195 +4%	202 +4%	213 +6%	225 +6%	236 +5%	246 +4%	262 +6%	296 +13%	319 +8%	364 +14%	385 +6%	396 +3%	398 +0%	439 +10%	532 +21%	643 +21%	747 +16%	863 +16%	902 +5%	919 +2%	919 N/A	925 +1%	926 +0%	926 0%	924 0%	944 +2%	957 +1%	981 +3%	1 001 +2%	1 034 +3%	1 151 +11%	1 447 +26%	1 732 +20%	2 030 +17%	2 282 +12%	2 366 +4%	2 470 +4%	2 585 +5%	2 658 +3%	2 731 +3%	2 517 -8%	2 575 +2%	2 489 -3%	2 483 0%	2 777 +12%	2 841 +2%	3 055 +8%	3 177 +4%	3 286 +3%	3 333 +1%	3 370 +1%	3 409 +1%	3 444 +1%	3 475 +1%	3 522 +1%	3 555 +1%	3 574 +1%	3 634 +2%	3 681 +1%	3 718 +1%	3 746 +1%	3 745 0%	3 753 +0%	3 800 +1%	3 873 +2%	3 942 +2%	3 935 0%	3 870 -2%	3 795 -2%	3 694 -3%	3 670 -1%	3 727 +2%	3 828 +3%	3 935 +3%	4 039 +3%	4 100 +2%	4 129 +1%	4 189 +1%	4 272 +2%	4 385 +3%	4 498 +3%	4 620 +3%	4 715 +2%	4 802 +2%	4 924 +3%	5 082 +3%	5 302 +4%	5 555 +5%	5 834 +5%
Gross Profit
Cost of Revenue	0	0	0	0	0	0	0	0	(0)	(1)	(1)	(1)	(2)	(2)	(2)	(3)	(3)	(3)	(3)	(3)	(4)	(53)	(124)	(198)	(274)	(296)	(306)	(307)	(305)	(306)	(301)	(303)	(306)	(309)	(319)	(326)	(339)	(416)	(543)	(672)	(799)	(887)	(927)	(976)	(1 026)	(1 057)	(1 090)	(1 118)	(1 140)	(1 160)	(1 184)	(1 213)	(1 269)	(1 327)	(1 370)	(1 410)	(1 422)	(1 428)	(1 435)	(1 442)	(1 452)	(1 465)	(1 479)	(1 487)	(1 530)	(1 585)	(1 637)	(1 691)	(1 709)	(1 724)	(1 757)	(1 811)	(1 861)	(1 924)	(1 957)	(1 940)	(1 945)	(1 941)	(1 969)	(2 088)	(2 145)	(2 226)	(2 274)	(2 283)	(2 349)	(2 397)	(2 483)	(2 561)	(2 641)	(2 698)	(2 755)	(2 827)	(2 924)	(3 069)	(3 224)	(3 420)
Gross Profit	0 N/A	0 N/A	0 N/A	177 N/A	186 +5%	95 -49%	145 +52%	195 +35%	201 +3%	213 +6%	224 +5%	235 +5%	244 +4%	259 +6%	294 +13%	317 +8%	361 +14%	383 +6%	394 +3%	395 +0%	436 +10%	479 +10%	519 +8%	549 +6%	588 +7%	606 +3%	613 +1%	612 0%	620 +1%	620 +0%	625 +1%	621 -1%	637 +3%	648 +2%	662 +2%	675 +2%	695 +3%	735 +6%	904 +23%	1 060 +17%	1 232 +16%	1 395 +13%	1 439 +3%	1 493 +4%	1 558 +4%	1 601 +3%	1 641 +2%	1 398 -15%	1 435 +3%	1 330 -7%	1 299 -2%	1 564 +20%	1 572 +0%	1 727 +10%	1 807 +5%	1 876 +4%	1 911 +2%	1 942 +2%	1 974 +2%	2 001 +1%	2 023 +1%	2 057 +2%	2 075 +1%	2 088 +1%	2 105 +1%	2 096 0%	2 080 -1%	2 055 -1%	2 036 -1%	2 030 0%	2 043 +1%	2 062 +1%	2 081 +1%	2 011 -3%	1 913 -5%	1 856 -3%	1 748 -6%	1 729 -1%	1 757 +2%	1 740 -1%	1 790 +3%	1 813 +1%	1 826 +1%	1 846 +1%	1 840 0%	1 875 +2%	1 901 +1%	1 937 +2%	1 980 +2%	2 017 +2%	2 046 +1%	2 097 +2%	2 159 +3%	2 234 +3%	2 331 +4%	2 414 +4%
Operating Income
Operating Expenses	(57)	(56)	(55)	(53)	(54)	(54)	(54)	(56)	(57)	(60)	(64)	(67)	(70)	(78)	(94)	(112)	(131)	(141)	(150)	(144)	(156)	(186)	(196)	(263)	(278)	(280)	(289)	(270)	(253)	(245)	(243)	(236)	(241)	(243)	(249)	(251)	(256)	(284)	(409)	(519)	(644)	(840)	(798)	(814)	(772)	(825)	(813)	(745)	(767)	(740)	(737)	(847)	(871)	(948)	(1 004)	(1 022)	(1 040)	(1 045)	(1 027)	(1 026)	(1 004)	(997)	(999)	(986)	(1 003)	(1 013)	(1 029)	(990)	(993)	(1 002)	(1 010)	(1 078)	(1 091)	(1 095)	(1 105)	(1 086)	(1 083)	(1 075)	(1 068)	(1 108)	(1 150)	(1 190)	(1 231)	(1 235)	(1 235)	(1 260)	(1 283)	(1 315)	(1 340)	(1 344)	(1 335)	(1 330)	(1 339)	(1 362)	(1 409)	(1 460)
Selling, General & Administrative	(15)	(15)	(15)	(15)	(16)	(16)	(16)	(16)	(17)	(18)	(18)	(18)	(19)	(20)	(23)	(27)	(28)	(29)	(28)	(26)	(27)	(29)	(32)	(36)	(37)	(39)	(41)	(41)	(43)	(44)	(42)	(39)	(39)	(39)	(44)	(50)	(54)	(60)	(65)	(75)	(82)	(93)	(99)	(99)	(105)	(106)	(108)	(115)	(119)	(123)	(124)	(122)	(123)	(126)	(129)	(128)	(125)	(124)	(123)	(127)	(129)	(130)	(132)	(136)	(139)	(142)	(149)	(152)	(156)	(162)	(163)	(166)	(168)	(155)	(148)	(130)	(128)	(128)	(125)	(130)	(132)	(135)	(140)	(145)	(147)	(148)	(146)	(149)	(153)	(156)	(158)	(163)	(167)	(173)	(178)	(177)
Depreciation & Amortization	(41)	(41)	(40)	(38)	(39)	(39)	(39)	(40)	(40)	(43)	(46)	(49)	(51)	(57)	(72)	(85)	(103)	(113)	(114)	(111)	(122)	(150)	(188)	(227)	(266)	(265)	(248)	(230)	(210)	(202)	(202)	(197)	(202)	(204)	(205)	(201)	(202)	(232)	(337)	(444)	(553)	(660)	(692)	(715)	(730)	(715)	(704)	(630)	(648)	(617)	(613)	(725)	(748)	(822)	(875)	(894)	(914)	(922)	(904)	(899)	(875)	(867)	(867)	(850)	(864)	(870)	(880)	(838)	(837)	(840)	(847)	(912)	(923)	(940)	(956)	(956)	(955)	(947)	(943)	(978)	(1 017)	(1 055)	(1 091)	(1 090)	(1 089)	(1 112)	(1 137)	(1 166)	(1 187)	(1 188)	(1 177)	(1 167)	(1 172)	(1 190)	(1 231)	(1 283)
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(7)	(7)	(7)	(7)	24	0	25	24	0	0	0	0	0	(0)	0	0	0	0	(0)	8	(7)	0	(9)	(87)	(7)	0	63	(4)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	0	0	0	0	0	0	0	0
Operating Income	144 N/A	147 +2%	147 +0%	124 -16%	132 +6%	130 -1%	133 +2%	139 +4%	144 +4%	153 +6%	160 +5%	168 +5%	174 +4%	182 +4%	199 +10%	204 +2%	230 +13%	241 +5%	244 +1%	251 +3%	279 +11%	293 +5%	323 +10%	286 -12%	310 +9%	326 +5%	325 -1%	342 +5%	367 +7%	375 +2%	382 +2%	385 +1%	396 +3%	405 +2%	413 +2%	425 +3%	439 +3%	451 +3%	495 +10%	541 +9%	588 +9%	555 -6%	641 +16%	680 +6%	786 +16%	776 -1%	828 +7%	653 -21%	668 +2%	589 -12%	562 -5%	717 +28%	701 -2%	780 +11%	803 +3%	854 +6%	871 +2%	897 +3%	947 +6%	976 +3%	1 019 +4%	1 060 +4%	1 076 +2%	1 102 +2%	1 102 N/A	1 084 -2%	1 052 -3%	1 065 +1%	1 043 -2%	1 027 -1%	1 033 +1%	984 -5%	990 +1%	916 -8%	808 -12%	770 -5%	665 -14%	653 -2%	690 +6%	632 -8%	640 +1%	623 -3%	595 -4%	611 +3%	605 -1%	615 +2%	619 +1%	622 +0%	640 +3%	672 +5%	711 +6%	767 +8%	820 +7%	872 +6%	922 +6%	954 +3%
Pre-Tax Income
Interest Income Expense	(84)	(80)	(76)	(72)	(68)	(66)	(62)	(62)	(61)	(62)	(65)	(66)	(68)	(74)	(89)	(100)	(120)	(130)	(132)	(129)	(138)	(141)	(181)	(172)	(215)	(231)	(207)	(203)	(199)	(191)	(183)	(174)	(175)	(175)	(176)	(173)	(173)	(182)	(207)	(224)	(250)	(200)	(258)	(271)	(348)	(291)	(318)	(250)	(259)	(225)	(219)	(292)	(287)	(323)	(343)	(369)	(390)	(408)	(414)	(415)	(418)	(429)	(438)	(449)	(495)	(501)	(496)	(498)	(457)	(451)	(455)	(454)	(470)	(486)	(488)	(468)	(451)	(427)	(419)	(435)	(439)	(449)	(460)	(439)	(458)	(455)	(490)	(560)	(576)	(616)	(610)	(613)	(609)	(607)	(609)	(607)
Non-Reccuring Items	(6)	(19)	(18)	(22)	(3)	7	8	10	(9)	(5)	(7)	(1)	(1)	(1)	0	16	16	14	16	1	1	1	(2)	(3)	(4)	(4)	19	21	20	12	(16)	(19)	(19)	(21)	(20)	(29)	(50)	(95)	(82)	21	6	15	4	(101)	(68)	(27)	(29)	(23)	(29)	(35)	(48)	(49)	(69)	(69)	(128)	(117)	(89)	(87)	(26)	(27)	(33)	(40)	(29)	(49)	(77)	(68)	(106)	(171)	(148)	(152)	(159)	(191)	(198)	(302)	(278)	(194)	(284)	(188)	(289)	(326)	(250)	(257)	(162)	(160)	(136)	(117)	(164)	(236)	(237)	(281)	(228)	(115)	(136)	(126)	(133)	(112)
Gain/Loss on Disposition of Assets	0	0	0	5	0	1	0	9	0	0	0	0	0	(0)	(0)	(0)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36	36	46	52	35	35	26	247	229	242	262	39	78	216	219	219	177	27	8	16	46	57	91	81	101	90	57	57	41	42	39
Total Other Income	0	0	0	0	0	0	9	0	9	8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(7)	0	0	0	(7)	(5)	(9)	(13)	(17)	(18)	(17)	(22)	(26)	(25)	(26)	(22)	(18)	(17)	(15)	(13)	(10)	(7)	(7)	(17)	(20)	(22)	(24)	(12)	(67)	(64)	(49)	(50)	18	14	(31)	(37)	(25)	(3)	44	19	(28)	(19)	(81)	(56)	(78)	(105)	(27)	(27)	43	20	(14)	(5)	(45)	(28)	(30)	(33)	(26)
Pre-Tax Income	55 N/A	48 -12%	53 +10%	35 -34%	60 +73%	72 +20%	88 +22%	96 +9%	83 -13%	94 +12%	89 -5%	100 +13%	105 +5%	106 +2%	110 +3%	119 +8%	125 +5%	126 +0%	128 +2%	122 -5%	142 +16%	153 +8%	140 -9%	110 -21%	92 -16%	91 -1%	136 +49%	161 +18%	188 +17%	196 +4%	182 -7%	192 +5%	202 +5%	209 +4%	218 +4%	222 +2%	216 -3%	175 -19%	206 +18%	330 +61%	344 +4%	369 +7%	388 +5%	302 -22%	366 +21%	449 +23%	467 +4%	364 -22%	361 -1%	312 -14%	273 -12%	351 +28%	319 -9%	362 +13%	310 -14%	350 +13%	376 +7%	387 +3%	495 +28%	523 +6%	561 +7%	585 +4%	592 +1%	584 -1%	508 -13%	527 +4%	474 -10%	376 -21%	426 +13%	411 -3%	404 -2%	383 -5%	582 +52%	325 -44%	247 -24%	345 +40%	(34) N/A	161 N/A	217 +35%	61 -72%	151 +146%	14 -91%	(56) N/A	(58) -4%	(78) -35%	62 N/A	(6) N/A	(40) -584%	(71) -79%	(138) -93%	(43) +69%	51 N/A	104 +105%	150 +45%	189 +26%	247 +31%
Net Income
Tax Provision	(2)	(1)	2	2	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	15	28	38	36	27	16	6	3	3	2	1	0	(2)	(5)	(2)	5	20	31	16	15	10	6	16	23	17	12	10	(5)	(6)	9	20	33	41	39	40	42	40	31	26	17	16	19	19	17	17	17	15	72	63	56	204	90	95	97	(55)	(2)	(9)	(5)	2	9	19	17	15	21	17	10	10	(8)	(12)	38	45	49	59	14
Income from Continuing Operations	53	47	55	37	62	74	88	96	83	94	89	100	105	106	110	119	125	126	128	122	142	159	155	138	130	128	164	177	195	199	186	193	203	209	216	217	215	180	226	361	360	385	398	308	381	471	484	376	371	307	267	359	339	394	352	390	416	430	535	554	587	601	608	603	527	544	490	393	440	483	467	439	786	415	342	441	(89)	159	208	57	153	23	(37)	(41)	(63)	84	11	(30)	(62)	(146)	(55)	88	149	200	247	262
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	(1)	(2)	(2)	(2)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(4)	(3)	(2)	(0)	1	2	2	1	1	(0)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(2)	(2)	(1)	(1)	(1)	(1)	(2)	(3)	(4)	(5)	(5)	(5)	(7)	(7)	(7)	(7)	(6)	(6)	(6)	(6)	(3)	(2)	(2)	(2)	(6)	(7)	(8)	(8)	(7)	(7)	(7)	(6)	(6)	(6)	(11)	(11)	(11)	(11)	(7)	(7)	(8)	(9)	(10)
Net Income (Common)	53 N/A	71 +35%	79 +11%	66 -17%	90 +37%	80 -12%	95 +19%	163 +71%	149 -9%	158 +6%	151 -4%	121 -20%	125 +4%	127 +1%	130 +3%	131 +0%	132 +1%	134 +2%	138 +3%	131 -5%	147 +12%	293 +99%	289 -1%	274 -5%	263 -4%	159 -40%	195 +23%	223 +14%	266 +19%	284 +7%	270 -5%	267 -1%	245 -8%	215 -12%	223 +4%	246 +11%	243 -1%	204 -16%	249 +22%	365 +46%	406 +11%	460 +13%	469 +2%	363 -23%	384 +6%	425 +11%	431 +2%	454 +5%	462 +2%	486 +5%	477 -2%	476 0%	475 0%	487 +2%	400 -18%	418 +4%	446 +7%	440 -1%	566 +29%	649 +15%	698 +8%	707 +1%	1 172 +66%	1 357 +16%	1 237 -9%	1 252 +1%	740 -41%	410 -45%	457 +12%	501 +10%	484 -3%	433 -11%	780 +80%	413 -47%	340 -18%	439 +29%	(91) N/A	152 N/A	200 +31%	49 -76%	145 +196%	16 -89%	(43) N/A	(47) -10%	(69) -45%	77 N/A	5 -94%	(41) N/A	(73) -78%	(157) -115%	(67) +58%	81 N/A	142 +75%	191 +34%	238 +24%	251 +6%
EPS (Diluted)	0.76 N/A	1.01 +33%	1.12 +11%	0.93 -17%	1.13 +22%	1 -12%	1.2 +20%	2.03 +69%	1.79 -12%	1.87 +4%	1.78 -5%	1.43 -20%	1.46 +2%	1.41 -3%	1.25 -11%	1.36 +9%	1.25 -8%	1.28 +2%	1.31 +2%	1.25 -5%	1.38 +10%	2.78 +101%	2.28 -18%	2.22 -3%	1.92 -14%	1.14 -41%	1.37 +20%	1.59 +16%	1.85 +16%	1.87 +1%	1.72 -8%	1.74 +1%	1.55 -11%	1.36 -12%	1.4 +3%	1.56 +11%	1.49 -4%	1.14 -23%	1.42 +25%	1.57 +11%	1.39 -11%	1.51 +9%	1.57 +4%	1.23 -22%	1.3 +6%	1.44 +11%	1.46 +1%	1.53 +5%	1.56 +2%	1.62 +4%	1.6 -1%	1.6 N/A	1.44 -10%	1.45 +1%	1.19 -18%	1.25 +5%	1.31 +5%	1.28 -2%	1.59 +24%	1.86 +17%	1.95 +5%	1.97 +1%	3.26 +65%	3.78 +16%	3.44 -9%	3.48 +1%	2.05 -41%	1.13 -45%	1.26 +12%	1.36 +8%	1.27 -7%	1.17 -8%	2.07 +77%	1.1 -47%	0.9 -18%	1.17 +30%	-0.25 N/A	0.4 N/A	0.53 +33%	0.13 -75%	0.38 +192%	0.05 -87%	-0.11 N/A	-0.12 -9%	-0.17 -42%	0.19 N/A	0.01 -95%	-0.1 N/A	-0.18 -80%	-0.39 -117%	-0.17 +56%	0.19 N/A	0.33 +74%	0.43 +30%	0.53 +23%	0.54 +2%

Income Statement Balance Sheet Cash Flow Statement

Ventas Inc
NYSE:VTR

Income Statement

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Ventas Inc

Income Statement
Ventas Inc

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Ventas Inc NYSE:VTR

Income Statement

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Income Statement Ventas Inc

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Ventas Inc
NYSE:VTR

Earnings Waterfall
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Ventas Inc