Summary

Ventas Inc. is a real estate investment trust that invests primarily in real estate serving the healthcare sector and is a leader in private-pay senior housing in the U.S. The company acquires, develops, and leases about 1,400 assets in the U.S., Canada, and the U.K. Ventas breaks its operations into three property segments: SHOP (senior housing operating portfolio); OM&R (medical office and research); and NNN, or Triple-Net Healthcare (hospitals, skilled-care nursing facilities, long-term acute care, in-patient rehabilitation).

At the beginning of 2025, VTR's portfolio included about 800 SHOP assets, with over 77,000 tenants, 22 million square feet of office and research space, and Triple-Net Healthcare properties with about 10,000 beds. Total revenues in 2024 were $4.9 billion with NNN accounting for 13%; OM&R accounting for 18%; Resident Fees from SHOP accounting for 69%. SHOP accounted for about hal