Ventas, Inc. (VTR) Form 8-K — Oct 27, 2026
Ventas reported strong Q3 2026 results with Normalized FFO of $0.99 per share, up 10% year-over-year, and total company NOI growth of 18%. SHOP same-store cash NOI grew 16%, led by 17% U.S. growth with occupancy up 320 bps to above 90%. The company closed $1.2 billion of senior housing investments in Q3, bringing YTD investments to $5.2 billion, and again raised full-year 2026 guidance, with the Nareit FFO midpoint lifted to $3.85 from $3.79.
Key figures
- Eps
- 0.13
- Revenue
- 1831791000
- Guidance
- FY2026 Normalized FFO $3.87-$3.90 (midpoint $3.89, raised at midpoint vs prior $3.88); Nareit FFO midpoint raised from $3.79 to $3.85; Attributable Net Income midpoint raised from $0.61 to $0.66
- Net Income
- 65380000
- Total Debt
- 12436652000
- Revenue Yoy
- 23% (Q3 2026 vs $1.489B Q3 2025)
- Total Assets
- 30625382000
- Cash Position
- 202009000
- Shares Outstanding
- 528820000
- Liquidity
- $4.5 billion
- Revpor growth
- 5%
- Occupancy growth
- 290 bps YoY
- Net debt to ebitda
- 4.4x
- Unsettled forwards
- $0.8 billion ($4.7 billion total equity capital)
- Nareit ffo per share
- 1.01
- Q3 investments closed
- $1.2 billion
- Ytd investments closed
- $5.2 billion
- Normalized ffo per share
- 0.99
- Total company noi growth
- 18%
- Us shop same store growth
- 17%
- Shop same store cash noi growth
- 16%
- Total same store cash noi growth
- 11%
- Equity forward gross proceeds ytd
- $3.9 billion (47.3 million shares)
AI analysis
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