Ventas earnings date
Next results for Ventas are expected on October 27, 2026. The one thing to watch is FFO growth per share after new shares and interest expense.
What has Ventas guided for 2026?
On July 29, 2026, management guided to normalized FFO of US$3.85–US$3.90 per share, or 8%–10% year-over-year growth. The plan assumes 15%–17% SHOP same-store cash NOI growth, 300 basis points of occupancy growth and 5.0% RevPOR growth in 2026. RevPOR means revenue per occupied room. Management also raised its senior-housing investment target to US$4.5 billion.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Attributable Net Income Per Share Range | Year to Dec 2026 | 0.58 | 0.63 | Jul 29, 2026 |
| Nareit FFO Per Share Range | Year to Dec 2026 | 3.76 | 3.81 | Jul 29, 2026 |
| Normalized FFO Per Share Range | Year to Dec 2026 | 3.85 | 3.90 | Jul 29, 2026 |
| Weighted average diluted shares (in millions) | Year to Dec 2026 | 506 | 506 | Jul 29, 2026 |
| SHOP | Year to Dec 2026 | 1,624 | 1,658 | Jul 29, 2026 |
| Investments focused on senior housing (US$ billions) | Year to Dec 2026 | 4.5 | 4.5 | Jul 29, 2026 |
What this means. These are the company's forecasts for 2026, not results it has already achieved.
Did Ventas keep its past promises?
Ventas began 2025 expecting normalized FFO per share of US$3.35–US$3.46 and delivered US$3.48 under that year’s definition. But in 2026 it excluded non-cash stock compensation and revised earlier periods. That may improve comparison with peers, but stock awards still dilute owners, so shareholders should test an old promise against its original definition.
What has Ventas's revenue and profit trend been?
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,729,614 | 1,656,944 | 1,566,017 | 1,488,996 | 1,420,893 | 1,358,074 | 1,287,057 | 1,236,315 |
| Net operating income | 685,208 | 651,078 | 620,744 | 614,897 | 588,126 | 569,287 | 537,695 | 513,150 |
| FFO per share | 0.99 | 0.90 | 0.91 | 0.88 | 0.86 | 0.85 | 0.85 | 0.79 |
| Normalized FFO per share | 0.97 | 0.94 | 0.89 | 0.88 | 0.89 | 0.86 | 0.81 | 0.80 |
| Dividend per share | 0.52 | 0.52 | 0.48 | 0.48 | 0.48 | 0.48 | 0.45 | 0.45 |
| Dividend / normalized FFO per share | 53.6% | 55.3% | 53.9% | 54.5% | 53.9% | 55.8% | 55.6% | 56.2% |
What this means. The company's adjusted profit per share is not measured the same way in every quarter, so older and newer numbers are not perfectly comparable.
What should I watch in Ventas's next results?
October 27, 2026 results and the October 28 call will test summer occupancy, SHOP margins and investment progress. On January 1, 2027, Brookdale’s 3% rent increase will test lease economics. The decisive proof is FFO growth per share after new shares and interest expense.