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Ventas 8-K Report, Financial Results (Oct 27, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 27, 2026
Period End
October 27, 2026
Security
VTR
In the record · 2016–202610-K1110-Q348-K128

VTR filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Mar ’22Mar ’22
  4. Material agreement8-K · Jan ’26Jan ’26

01—Abstract

Summary

Summary of the 8-K filed October 27, 2026. Cited figures are marked; the original filing is the authoritative source.

Ventas, Inc. (NYSE: VTR) reported results for the third quarter ended September 30, 2026, and raised its full-year 2026 guidance, citing 2026 accretive senior housing investment activity.

Third-quarter Normalized FFO per share was $0.99a, up 10% year-over-year, and Attributable Net Income per share was $0.13, down 7% from $0.14. Nareit FFO per share was $1.01, up 15%. Total Company Same-Store Cash NOI grew 11% year-over-year, with SHOP Same-Store Cash NOI up 16% (U.S. SHOP up 17%) and average occupancy in U.S. SHOP above 90%.

The company closed $1.2 billionb of senior housing investments in the third quarter and $5.2 billion year to date. To fund this activity, it settled 47.3 million shares under equity forward sales agreements for gross proceeds of $3.9 billion year to date, and had $0.8 billion of unsettled forward sales at September 30, 2026, totaling $4.7 billion of equity capital. Net Debt to Further Adjusted EBITDA improved to 4.4x from 5.3x in the year-earlier quarter, and liquidity was $4.5 billion.

Full-year 2026 Normalized FFO per share guidance was raised to $3.87c–$3.90 (midpoint $3.89) from $3.85–$3.90 (midpoint $3.88), and Attributable Net Income per share guidance rose to $0.64–$0.67 from $0.58–$0.63. Management attributed the increase primarily to accretive senior housing investments, partially offset by interest rates and foreign exchange. The filing furnishes the earnings release as Exhibit 99.1 under Item 2.02, and it is not deemed filed for purposes of Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. Normalized FFO per share of $0.99 in Q3 2026, up 10% year-over-year from $0.90; Nareit FFO per share of $1.01, up 15% from $0.88.
  2. Attributable Net Income per share of $0.13 in Q3 2026, down 7% from $0.14 in the prior-year quarter.
  3. SHOP Same-Store Cash NOI grew 16% year-over-year, led by U.S. SHOP growth of 17%; U.S. average occupancy grew 320 basis points to exceed 90%.
  4. Closed $1.2 billion of senior housing investments in Q3 and $5.2 billion year to date, with a stated robust pipeline of actionable SHOP opportunities.
  5. Raised full-year 2026 Normalized FFO per share guidance to $3.87–$3.90 from $3.85–$3.90, and Attributable Net Income per share guidance to $0.64–$0.67 from $0.58–$0.63.
  6. Net Debt to Further Adjusted EBITDA improved to 4.4x from 5.3x a year earlier; liquidity of $4.5 billion at September 30, 2026.
  7. Settled 47.3 million shares under equity forward sales for gross proceeds of $3.9 billion year to date, with $0.8 billion of unsettled forward sales outstanding.

03—Questions

Frequently Asked Questions

  1. How did Ventas perform in the third quarter of 2026?

    Normalized FFO per share was $0.99, up 10% from $0.90, and Nareit FFO per share was $1.01, up 15% from $0.88. Attributable Net Income per share was $0.13, down 7% from $0.14. Total Company Same-Store Cash NOI grew 11% year-over-year.

  2. What drove the increase in full-year 2026 guidance?

    The company said the increase is primarily the result of 2026 accretive senior housing investment activity, partially offset by the impacts of interest rates and foreign exchange. Year-to-date investments of $5.2 billion compare with a previous guidance assumption of approximately $4.5 billion.

  3. How is Ventas funding its investment activity?

    Year to date through September 30, 2026, the company settled 47.3 million shares under equity forward sales agreements for gross proceeds of $3.9 billion. At quarter-end it had $0.8 billion of unsettled equity forward sales, totaling $4.7 billion in equity capital.

  4. How is the balance sheet trending?

    Net Debt to Further Adjusted EBITDA was 4.4x at the end of the third quarter, a sequential improvement from 4.7x in Q2 2026 and nearly a full turn better than the 5.3x in the prior-year period. Liquidity was $4.5 billion as of September 30, 2026.

  5. When is the earnings conference call and where can investors find supplemental materials?

    The company will hold a conference call on Wednesday, October 28, 2026 at 10:00 a.m. Eastern Time. An Earnings Presentation is posted on its website at ir.ventasreit.com/events-and-presentations, and a Supplemental is available at ir.ventasreit.com.

04—Continue

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