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Ventas logoVentas VTR

The company said it acquired 101 senior housing communities in its SHOP segment for an aggregate purchase price of $3.9 billion in the nine months ended September 30, 2026, and acquired 13 more for $803.5 million in October 2026.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it acquired 101 senior housing communities in its SHOP segment for an aggregate purchase price of $3.9 billion in the nine months ended September 30, 2026, and acquired 13 more for $803.5 million in October 2026.

  2. Ventas said operating cash flow for the 9 months ended September 30, 2026 rose $265.7 million from the same period a year earlier, and cited growth in its SHOP business as the driver.

  3. The company said NOI for its NNN segment in Q3 2026 fell $30.8 million from the same period a year earlier. It cited a $22.7 million decline in rental income from senior housing communities converted to its SHOP segment and the effect of $14.6 million in non-cash revenue in the prior year.

  4. As of September 30, 2026, the company said it had liquidity of $4.5 billion, with unsettled equity forward sales agreements covering 9.1 million shares and gross proceeds of about $0.8 billion.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2026 SHOP Acquisitions in 9 Months

The company said it acquired 101 senior housing communities in its SHOP segment for an aggregate purchase price of $3.9 billion in the nine months ended September 30, 2026, and acquired 13 more for $803.5 million in October 2026.

Source · Based on the MD&A text of the filing

Operating Cash Flow Rises in 9 Months

Ventas said operating cash flow for the 9 months ended September 30, 2026 rose $265.7 million from the same period a year earlier, and cited growth in its SHOP business as the driver.

Source · Based on the MD&A text of the filing

NNN Segment NOI Decline Explained

The company said NOI for its NNN segment in Q3 2026 fell $30.8 million from the same period a year earlier. It cited a $22.7 million decline in rental income from senior housing communities converted to its SHOP segment and the effect of $14.6 million in non-cash revenue in the prior year.

Source · Based on the MD&A text of the filing

Liquidity and Equity Forward Sale Agreements

As of September 30, 2026, the company said it had liquidity of $4.5 billion, with unsettled equity forward sales agreements covering 9.1 million shares and gross proceeds of about $0.8 billion.

Source · Based on the MD&A text of the filing

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.