Ventas (VTR)
NYSE:VTR
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial momentum driven by SHOP: double-digit SHOP NOI growth, meaningful occupancy and rate improvements, margin expansion, raised FFO guidance, robust liquidity, and an active, relationship-driven acquisition pipeline (including the $540M Revel value-add acquisition). Risks noted were manageable: Q1 weather-related operating expense pressure, several lease-up assets (including Revel) that need execution, increased transaction competition with cap-rate compression, and dependence on the May–September selling season to sustain full-year targets. On balance, highlights substantially outweighed the lowlights as management increased guidance, strengthened the balance sheet, and articulated a scalable operating platform and pipeline.Company Guidance
Strong SHOP Same-Store NOI Growth
Senior housing operating portfolio (SHOP) same-store NOI increased over 15% year-over-year in Q1, marking the fifth consecutive year of double-digit annual SHOP NOI growth and prompting an increase in SHOP same-store growth guidance to 16% at the midpoint (from 15%).
Occupancy Gains
Same-store average occupancy rose 310 basis points year-over-year to 90.4% overall; U.S. same-store occupancy increased 370 basis points year-over-year and outperformed the NIC top 99 markets by 150 basis points.
Revenue/Rate Momentum
RevPOR increased 5% year-over-year, supported by in-house rate increases running nearly 8%; company now expects full-year revenue growth of ~8.75% for SHOP driven by occupancy and pricing.
Margin Expansion and Operating Leverage
NOI margins expanded 170 basis points year-over-year to 30%, with incremental margins at ~50%, demonstrating meaningful operating leverage as occupancy and RevPOR improved.
Improved FFO and Full-Year Outlook
Normalized FFO was $0.94 per share in Q1 (up 9% year-over-year). Company raised 2026 normalized FFO guidance by $0.03 to a midpoint of $3.86 per share (range $3.82–$3.89) driven by stronger SHOP performance and accretive senior housing investments.
Active External Growth and Deal Execution
Year-to-date closed senior housing acquisitions totaled $1.7 billion; Ventas increased 2026 senior housing investment guidance from $2.5 billion to $3.0 billion. Since 2024, management reported roughly $5.7–$6.0 billion of senior housing investments adding ~17,000 units.
High-Quality Strategic Acquisition — Revel Portfolio
Completed $540 million acquisition of the Revel luxury independent living portfolio (average in-place occupancy mid-70s) purchased below replacement cost, with the seller retaining a 25% interest to align incentives and share upside through Ventas OI initiatives.
Record Liquidity and Strengthening Balance Sheet
Liquidity of $5.5 billion at quarter end; net debt to EBITDA improved to 5.0x (20 bps sequential improvement). Raised approximately $2.4 billion of equity for 2026 investments (including $800M settled and $1.6B via forward equity sales).
Competitive Operating Platform (Ventas OI)
Ventas OI platform and expanded SHOP team are driving active asset management (price-volume optimization, refresh CapEx, sales execution, boots-on-the-ground) and supporting off-market, relationship-driven sourcing (90% relationship-driven, 60% off-market, 40% repeat sellers YTD).
VTR Earnings History
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 |
|---|---|---|---|
Apr 27, 2026 | $84.70 | $87.57 | +3.39% |
Feb 05, 2026 | $79.33 | $82.02 | +3.39% |
Oct 29, 2025 | $68.91 | $73.44 | +6.56% |
Jul 30, 2025 | $65.20 | $65.89 | +1.05% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Ventas (VTR) earnings time?
Ventas (VTR) earnings time is at Jul 30, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTR EPS forecast?
VTR EPS forecast for the fiscal quarter 2026 (Q2) is 0.17.