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Ventas (VTR)
NYSE:VTR
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: robust SHOP organic growth (double-digit same-store NOI increases), meaningful FFO growth, aggressive and accretive acquisition activity, sizable capital raises, improved leverage metrics and a dividend increase. Management acknowledged manageable near-term headwinds including increased competition and cap-rate compression, higher interest expense from upcoming debt maturings, modest weather-driven expense, increased CapEx and equity-funded dilution tied to the growth strategy. On balance, the highlights (sustained organic growth, scale, capital access and clear guidance) materially outweigh the lowlights, which are largely execution and market-structure risks that management is actively addressing.Company Guidance
Strong FFO Growth and Earnings Execution
Normalized FFO per share of $3.48 for full-year 2025, up 9% year-over-year and at the high end of guidance; fourth-quarter normalized FFO per share grew ~10% year-over-year. 2026 normalized FFO per share guidance of $3.78–$3.88 (midpoint $3.83), representing ~8% year-over-year growth on a comparable basis.
Robust SHOP Operating Performance
Same-store SHOP cash NOI grew 15% (fourth consecutive year of double-digit SHOP NOI growth). Q4 SHOP revenue +8%+, occupancy +300 bps YoY (U.S. +370 bps), RevPOR +4.7% in Q4, and NOI +15.4% YoY (U.S. +18%). Margin expanded ~180 bps to >28% with ~50% incremental margin in Q4 and management expects 13%–17% same-store SHOP NOI growth in 2026 (midpoint 15%) supported by 270 bps occupancy improvement and ~5% RevPOR growth.
Scale, Portfolio Composition and Resident Outcomes
Enterprise value exceeded $50 billion; ownership of over 83,000 SHOP units with SHOP representing ~53% of company NOI. Documented strong resident experience metrics and operator recognitions (e.g., improved Net Promoter Scores at Atria, Le Groupe Maurice ranked leading brand in Quebec, Discovery #1 JD Power ranking).
Active, Accretive Investment Activity
Closed $2.5 billion of high-quality senior housing acquisitions in 2025 and over $800 million closed year-to-date in 2026; cumulative senior housing acquisitions of ~$4.8 billion in a little over a year. 2026 investment guidance of $2.5 billion focused on senior housing with high confidence in execution.
Strong Capital Markets Execution
Raised over $7 billion of capital since the start of 2025 (nearly $4 billion in bank, bonds and mortgage debt and ~$3.2 billion of equity issuance). Company reports pro forma leverage approaching ~5x and improved leverage to 5.2x in Q4 (best since 2012).
Dividend Increase and Shareholder Returns
Board approved an 8% increase in the quarterly dividend; Ventas delivered total shareholder returns of 35% in 2025, significantly outperforming industry benchmarks and the S&P 500 for the year.
OMAR (Outpatient Medical & Research) Resilience
OMAR same-store cash NOI grew nearly 4% for the quarter with outpatient medical same-store NOI +4.5% and occupancy in outpatient medical near 91% (six consecutive quarters of year-over-year occupancy growth). Research portfolio showed modest improvement (same-store NOI +30 bps supported by university tenant occupancy gains).
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 |
|---|---|---|---|
Feb 05, 2026 | $79.84 | $82.55 | +3.39% |
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 | -6.48% |
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 May 06, 2026, Before Open (Confirmed).
What is Ventas (VTR) earnings time?
Ventas (VTR) earnings time is at May 06, 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 (Q1) is 0.11.