)
Visual24 Oct 2025
The rise of Alphabet
Ventas (VTR) investor relations material
Ventas BofA Securities 2025 Global Real Estate Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.BofA Securities 2025 Global Real Estate Conference summary10 Sep, 2025
Market trends and demand drivers
Demographic tailwinds from the aging over-80 population, expected to grow 28% over five years, are accelerating demand for senior housing, with a significant inflection expected in 2026 as baby boomers age into this cohort.
Senior housing supply growth remains at record lows, with annual deliveries well below projected population growth, creating favorable conditions for occupancy and pricing power.
Net demand in some markets is expected to exceed net absorption, potentially leading to 100% occupancy in select communities.
The sector is experiencing multi-year double-digit NOI growth, with strong demand across both assisted and independent living.
U.S. portfolio performance is outpacing Canada, with U.S. occupancy growth driving overall results.
Financial performance and growth strategy
Guidance for 2024 and 2025 is for 8% FFO per share growth, with 2025 normalized FFO per share expected at $3.41–$3.46.
Dividend growth and multiple expansion are seen as future opportunities, supported by a strengthening balance sheet and leverage expected to decline below mid-5s.
$1.8B in senior housing acquisitions have closed year-to-date, with $2.0B expected to close in 2025 and an additional $0.5B in line-of-sight above the $2B 2025 guidance.
Acquisitions target high-occupancy, high-barrier markets with unlevered IRRs in the low to mid-teens and yields above 7%.
Liquidity of $4.7B as of June 30, 2025, supports continued growth and flexibility.
Operational highlights and portfolio management
SHOP (senior housing operating portfolio) is in its fourth year of double-digit NOI growth, with broad-based occupancy gains and same-store average occupancy reaching 88.1% in June, surpassing pre-COVID levels.
Recent acquisitions include class A senior housing in high-barrier markets, with a preference for large campuses offering a continuum of care.
Operating leverage is significant: incremental margins are around 50% from 80-90% occupancy and 70% from 90-100%.
The Brookdale portfolio is being partially converted to SHOP, with 45 assets targeted to double NOI from $50 million to over $100 million after $2 million per asset in CapEx; 11 NNN-to-SHOP conversions completed in September, with more expected through 4Q25.
Expanded SHOP operator pool from 10 in Dec 2020 to 36 in July 2025, enhancing local market expertise.
SHOP margin evolution at 90%+ occupancy?
How Ventas wins competitive SHOP deals?
Brookdale SHOP conversion NOI ramp-up timeline?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Ventas earnings date
Q3 202530 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Ventas is a leading healthcare real estate investment trust, or REIT, with ownership interests in 169 healthcare properties. The company's operating strategy focuses on acquiring real estate that can be readily repositioned to take advantage of existing or anticipated healthcare spending growth through acquisitions, management contracts and direct property ownership. As a result, Ventas has a diverse portfolio consisting of senior housing, long-term acute care hospitals, medical office buildings and ambulatory surgical centers. With a seasoned management team and deep experience in real estate and healthcare, the company is well-positioned to take advantage of industry tailwinds in the years ahead.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage