The earnings call highlighted strong financial growth, particularly in the senior housing operating portfolio (SHOP), successful investment activities, and improved financial leverage. Despite some challenges in the research portfolio and the need for high capital expenditure on transitions, the overall performance and future outlook were positive.
Company Guidance
In the Ventas Third Quarter 2025 Earnings Call, the company provided robust guidance and performance metrics, emphasizing its strategic focus on senior housing. Ventas anticipates closing $2.5 billion in private pay U.S. senior housing investments in 2025, with a forecasted 9% year-over-year growth in normalized FFO per share and a 7.5% increase in total company Same-Store Cash NOI at the midpoint of guidance. The SHOP (Senior Housing Operating Portfolio) segment drove results, with U.S. communities posting a 19% Same-Store Cash NOI growth and a 340 basis point increase in occupancy. The company is aiming for a 14% to 16% NOI growth range in SHOP for the year, underpinned by expected occupancy growth of 270 basis points. Ventas has already closed $2.2 billion in senior housing acquisitions year-to-date and has increased its 2025 investment guidance to $2.5 billion, targeting low to mid-teens unlevered IRRs. The company is leveraging its expanded SHOP portfolio, which now represents half of its business, to capitalize on favorable demographic trends, with the over-80 population projected to grow by 28% over the next five years.
Strong Financial Growth
Normalized FFO per share grew 10% year-over-year, and total company Same-Store Cash NOI increased 8%.
SHOP Segment Performance
U.S. communities led with 19% Same-Store Cash NOI growth and 340 basis points of occupancy growth. SHOP Same-Store portfolio delivered 16% NOI growth year-over-year.
Successful Senior Housing Investments
Closed $2.2 billion of senior housing acquisitions in the U.S. year-to-date, with 45 communities successfully transitioned to SHOP.
Improved Financial Position
Leverage improved by 2 full turns, and net debt to EBITDA of 5.3x in the third quarter represents a full turn improvement from the prior year's third quarter.
Guidance Increase
Increased full year guidance for normalized FFO per share growth and total company Same-Store Cash NOI growth.
Ventas (VTR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VTR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
$69.78
$74.36
+6.56%
Jul 30, 2025
$66.02
$66.71
+1.05%
Apr 30, 2025
$69.06
$64.59
-6.47%
Feb 12, 2025
$58.66
$63.55
+8.34%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ventas (VTR) report earnings?
Ventas (VTR) is schdueled to report earning on Feb 18, 2026, Before Open (Confirmed).
What is Ventas (VTR) earnings time?
Ventas (VTR) earnings time is at Feb 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.