VTRVentas, Inc.
Real Estate Investment Trusts
- Revenue
- $5.8B
- 18% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $44.8B
- Employees
- 542
- $11M revenue each
- Net debt / EBITDA
- —
- $12.2B net debt
- AI in 10-K
- 2.4
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo669% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$11M · 96th pctBottom quartile of its SIC industry
- Quiet on AINo2.4 per 10K words · 61st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$44.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$19M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.8B | $4.1B | $4.5B | $4.9B | $5.8B | 18% |
| Operating cash flow | $1.0B | $1.1B | $1.1B | $1.3B | $1.6B | 24% |
| Capex | $1.8B | $901M | $649M | $2.5B | $2.9B | 16% |
| Stock-based comp | $32M | $31M | $31M | $31M | $39M | 25% |
| Dividends | $687M | $720M | $724M | $740M | $860M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $197K · 1
- Open-market sells, 12 mo
- $19M · 20
- Net
- −$19M
Pay vs performance
No pay-versus-performance disclosure yet.