Ventas, Inc. VTR
Ventas, Inc. is a publicly traded real estate investment trust specializing in Healthcare & Senior Housing properties.
Executive Summary: Ventas, Inc. (VTR) Institutional Rating
Quantitative Verdict: Ventas, Inc. (VTR) trades at an annualized dividend yield of 5.07% with an AFFO payout ratio of 76.0%, earning a Dividend Safety Score of 75 / 100 (Moderate Risk). The stock currently trades at a 8.3% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $94.61, backed by an institutional portfolio of 150 commercial properties operating at 88.0% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
Ventas, Inc. operates as a Passive Capital Allocator in the Healthcare & Senior Housing real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 88.0%.
Labor & Overhead Efficiency
- • Total Global Employees: Reported in 10-K
- • Estimated Market Cap: $10.42 B
- • Capital Per Employee: N/A
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $122.77 | +29.8% | $86.80 | Undervalued |
| 5.54% | $111.69 | +18.1% | $86.80 | Undervalued |
| 6.04% | $102.44 | +8.3% | $86.80 | Undervalued |
| 6.54% Base Case | $94.61 | 0.0% | $86.80 | Undervalued |
| 7.04% | $87.89 | -7.1% | $86.80 | Undervalued |
| 7.54% | $82.06 | -13.3% | $86.80 | Overvalued |
| 8.04% | $76.96 | -18.7% | $86.80 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $1.1000 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| Ventas, Inc. Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 88.0% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: VTR vs Peers
Institutional CompsDirect peer benchmark comparing Ventas, Inc. against its top competitors in the Healthcare & Senior Housing industry.
| Metric | VTR (Current) | WELL | SBRA | EQIX |
|---|---|---|---|---|
| Share Price | $86.80 | $237.32 | $19.56 | $955.03 |
| Dividend Yield | 5.07% | 1.16% | 5.06% | 1.78% |
| Dividend Safety Score | 75 / 100 | 88 / 100 | 75 / 100 | 91 / 100 |
| Price / AFFO Multiple | 15.0x | 57.88x | 15.05x | 26.24x |
| NAV Premium / Discount | -8.3% | +89.9% | -8.3% | +3.8% |
| Portfolio Occupancy | 88.0% | 87.5% | 88.0% | 97.4% |
| Commercial Properties | 150 | 2,100 | 150 | 260 |
Frequently Asked Questions (VTR FAQ)
Ventas, Inc. (VTR) currently pays an annualized dividend of $4.40 per share, representing an annualized dividend yield of 5.07%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 76.0%, earning a Dividend Safety Score of 75/100 with a risk rating of 'Moderate Risk'.
Based on REITwave's institutional property-level valuation models, Ventas, Inc.'s consensus base NAV is $94.61 per share. Trading at $86.80, the stock reflects an implied market cap rate of 6.54% and trades at a 8.3% discount to NAV (undervalued).
Ventas, Inc. owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 88.0% with a weighted average lease term (WALT) of 6.5 years.
Ventas, Inc. currently trades at a Price / AFFO multiple of 15.0x based on forward AFFO per share of $5.79. Its Price / FFO multiple stands at 13.9x against forward FFO per share of $6.25.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Debra A. Cafaro. Total annual reported compensation was $15,200,000, reflecting a CEO-to-median-worker pay ratio of 145:1.
Ventas, Inc. maintains a Net Debt-to-EBITDA ratio of 5.4x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.