Ventas (VTR) Revenue & Revenue Breakdown

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Ventas Revenue Highlights

Latest Revenue (Y)

$5.83B

Latest Revenue (Q)

$1.49B

Main Segment (Y)

Senior Living Operations

Main Geography (Y)

UNITED STATES

Ventas Revenue by Period

Ventas Revenue by Year

Date	Revenue	Change
2025-12-31	$5.83B	18.47%
2024-12-31	$4.92B	9.48%
2023-12-31	$4.50B	8.93%
2022-12-31	$4.13B	7.87%
2021-12-31	$3.83B	0.86%
2020-12-31	$3.80B	-2.00%
2019-12-31	$3.87B	3.39%
2018-12-31	$3.75B	4.80%
2017-12-31	$3.57B	3.79%
2016-12-31	$3.44B	4.78%
2015-12-31	$3.29B	6.85%
2014-12-31	$3.08B	9.46%
2013-12-31	$2.81B	13.07%
2012-12-31	$2.49B	40.81%
2011-12-31	$1.76B	73.57%
2010-12-31	$1.02B	9.16%
2009-12-31	$931.58M	0.19%
2008-12-31	$929.77M	20.47%
2007-12-31	$771.79M	84.44%
2006-12-31	$418.45M	28.86%
2005-12-31	$324.72M	39.42%
2004-12-31	$232.91M	13.61%
2003-12-31	$205.00M	4.22%
2002-12-31	$196.70M	-3.85%
2001-12-31	$204.58M	-15.57%
2000-12-31	$242.32M	3.89%
1999-12-31	$233.25M	55.57%
1998-12-31	$149.93M	-95.19%
1997-12-31	$3.12B	20.88%
1996-12-31	$2.58B	10.92%
1995-12-31	$2.32B	-

Ventas generated $5.83B in revenue during NA 2025, up 18.47% compared to the previous quarter, and up 153.71% compared to the same period a year ago.

Ventas Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.49B	4.79%
2025-06-30	$1.42B	4.63%
2025-03-31	$1.36B	5.52%
2024-12-31	$1.29B	4.10%
2024-09-30	$1.24B	2.94%
2024-06-30	$1.20B	0.09%
2024-03-31	$1.20B	3.05%
2023-12-31	$1.16B	1.27%
2023-09-30	$1.15B	3.93%
2023-06-30	$1.11B	2.70%
2023-03-31	$1.08B	2.46%
2022-12-31	$1.05B	1.36%
2022-09-30	$1.04B	1.40%
2022-06-30	$1.02B	0.53%
2022-03-31	$1.02B	-0.48%
2021-12-31	$1.02B	4.75%
2021-09-30	$976.08M	6.19%
2021-06-30	$919.19M	0.98%
2021-03-31	$910.29M	-1.18%
2020-12-31	$921.16M	0.24%
2020-09-30	$918.94M	-2.57%
2020-06-30	$943.20M	-6.80%
2020-03-31	$1.01B	1.61%
2019-12-31	$996.00M	1.31%
2019-09-30	$983.15M	3.41%
2019-06-30	$950.72M	0.83%
2019-03-31	$942.87M	2.12%
2018-12-31	$923.26M	-1.42%
2018-09-30	$936.54M	-0.61%
2018-06-30	$942.30M	-0.15%
2018-03-31	$943.71M	5.41%
2017-12-31	$895.29M	-0.52%
2017-09-30	$899.93M	0.50%
2017-06-30	$895.49M	1.36%
2017-03-31	$883.44M	0.88%
2016-12-31	$875.71M	0.99%
2016-09-30	$867.12M	2.21%
2016-06-30	$848.40M	-0.46%
2016-03-31	$852.29M	1.31%
2015-12-31	$841.27M	1.65%
2015-09-30	$827.61M	-7.15%
2015-06-30	$891.32M	0.83%
2015-03-31	$884.02M	9.96%
2014-12-31	$803.99M	3.20%
2014-09-30	$779.03M	3.70%
2014-06-30	$751.25M	1.32%
2014-03-31	$741.47M	1.18%
2013-12-31	$732.86M	2.87%
2013-09-30	$712.39M	3.87%
2013-06-30	$685.85M	0.14%
2013-03-31	$684.87M	3.66%
2012-12-31	$660.71M	2.92%
2012-09-30	$641.95M	4.14%
2012-06-30	$616.45M	7.45%
2012-03-31	$573.69M	1.73%
2011-12-31	$563.91M	-0.36%
2011-09-30	$565.96M	340.84%
2011-06-30	$128.38M	-52.53%
2011-03-31	$270.46M	0.92%
2010-12-31	$267.99M	1.26%
2010-09-30	$264.67M	8.48%
2010-06-30	$243.98M	1.01%
2010-03-31	$241.54M	1.13%
2009-12-31	$238.84M	1.27%
2009-09-30	$235.83M	1.66%
2009-06-30	$231.99M	0.49%
2009-03-31	$230.85M	1.27%
2008-12-31	$227.96M	-4.44%
2008-09-30	$238.55M	2.16%
2008-06-30	$233.51M	-

Ventas generated $1.49B in revenue during Q3 2025, up 4.79% compared to the previous quarter, and up 123.98% compared to the same period a year ago.

Ventas Revenue Breakdown

Ventas Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Triple Net Leased Properties	$601.58M	$622.05M	$619.21M	-	-
Senior Living Operations	$4.28B	$3.37B	$2.96B	-	-
Outpatient Medical And Research Portfolio	$897.90M	$877.59M	$869.71M	-	-
Medical Office Building Operations	-	$877.59M	-	-	-
Resident Fees and Services	-	-	$2.96B	$2.65B	$2.27B
Office Building and Other Services Revenue	-	-	-	-	$20.10M

Ventas's latest annual revenue breakdown by segment (product or service), as of Dec 25: Senior Living Operations (74.04%), Outpatient Medical And Research Portfolio (15.55%), and Triple Net Leased Properties (10.42%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Triple Net Leased Properties	$132.71M	$160.05M	$152.70M	$156.11M	$466.69M	$155.37M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Outpatient Medical And Research Portfolio	$449.53M	$226.88M	$221.49M	$222.00M	$658.08M	$219.51M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior Living Operations	$1.19B	$1.09B	$1.03B	$968.90M	$2.56B	$813.30M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medical Office Building Operations	-	-	-	$222.00M	$13.02M	$8.63M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resident Fees and Services	-	-	-	-	-	-	-	$813.30M	$775.20M	$754.42M	$724.61M	$704.99M	$668.58M	$658.06M	$651.12M	$647.36M	$558.04M	$535.95M	$528.65M	-
Office Building and Other Services Revenue	-	-	-	-	-	-	-	-	-	$5.32M	$4.00M	$4.18M	$4.55M	$4.33M	$3.95M	$3.92M	$5.84M	$5.38M	$4.95M	-
Management Service	-	-	-	-	-	-	-	-	-	-	-	-	$3.00M	-	-	-	-	-	-	-

Ventas's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Senior Living Operations (67.07%), Outpatient Medical And Research Portfolio (25.42%), and Triple Net Leased Properties (7.51%).

Ventas Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
CANADA	$552.92M	$526.58M	$464.77M	$449.09M	$434.86M
UNITED STATES	$5.21B	$4.37B	$4.00B	$3.65B	$3.36B
UNITED KINGDOM	$71.23M	$30.74M	$28.88M	-	-

Ventas's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (89.30%), CANADA (9.48%), and UNITED KINGDOM (1.22%).

Quarterly Revenue by Country

Country	Dec 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
CANADA	$397.62M	$128.96M	$120.40M	$116.93M	$115.32M	$112.12M	$111.59M	$112.55M	$112.81M	$112.14M	$112.44M	$109.05M	$108.34M	$105.03M	$102.15M	$96.90M	$93.19M	$96.97M	$99.06M	$72.50M
UNITED KINGDOM	$23.17M	$7.57M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	$3.30B	$1.06B	$1.04B	$1.03B	$983.75M	$958.13M	$933.23M	$918.11M	$903.06M	$897.93M	$902.66M	$859.52M	$803.24M	$797.77M	$811.89M	$817.95M	$843.32M	$908.19M	$890.01M	$904.03M

Ventas's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (88.70%), CANADA (10.68%), and UNITED KINGDOM (0.62%).

Ventas Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
IRM	Iron Mountain	$6.90B	$1.71B
VTR	Ventas	$5.83B	$1.49B
CCI	Crown Castle	$4.26B	$1.07B
VICI	VICI Properties	$4.01B	$1.01B
EXR	Extra Space Storage	$3.38B	$777.56M
EQR	Equity Residential	$3.10B	$782.41M
AVB	AvalonBay Communities	$3.04B	$764.93M
DOC	Healthpeak Properties	$2.82B	$973.67M
SBAC	SBA Communications	$2.82B	$732.33M
CSGP	CoStar Group	$2.74B	$833.60M
OHI	Omega Healthcare Investors	$1.19B	$311.59M

VTR Revenue FAQ

What is Ventas’s yearly revenue?

Ventas's yearly revenue for 2025 was $5.83B, representing an increase of 18.47% compared to 2024. The company's yearly revenue for 2024 was $4.92B, representing an increase of 9.48% compared to 2023. VTR's yearly revenue for 2023 was $4.5B, representing an increase of 8.93% compared to 2022.

What is Ventas’s quarterly revenue?

Ventas's quarterly revenue for Q3 2025 was $1.49B, a 4.79% increase from the previous quarter (Q2 2025), and a 20.44% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.42B, a 4.63% increase from the previous quarter (Q1 2025), and a 18.31% increase year-over-year (Q2 2024). VTR's quarterly revenue for Q1 2025 was $1.36B, a 5.52% increase from the previous quarter (Q4 2024), and a 13.18% increase year-over-year (Q1 2024).

What is Ventas’s revenue growth rate?

Ventas's revenue growth rate for the last 3 years (2023-2025) was 29.71%, and for the last 5 years (2021-2025) was 52.40%.

What are Ventas’s revenue streams?

Ventas's revenue streams in c 25 are Triple Net Leased Properties, Senior Living Operations, and Outpatient Medical And Research Portfolio. Triple Net Leased Properties generated $601.58M in revenue, accounting 10.42% of the company's total revenue, down -3.29% year-over-year. Senior Living Operations generated $4.28B in revenue, accounting 74.04% of the company's total revenue, up 26.78% year-over-year. Outpatient Medical And Research Portfolio generated $897.9M in revenue, accounting 15.55% of the company's total revenue, up 2.31% year-over-year.

What is Ventas’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Ventas was Senior Living Operations. This segment made a revenue of $4.28B, representing 74.04% of the company's total revenue.