2023 Q3 Form 10-Q Financial Statement

#000074026023000159 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.150B $1.106B
YoY Change 10.85% 8.15%
Cost Of Revenue $657.9M $624.3M
YoY Change 15.11% 8.42%
Gross Profit $491.9M $482.1M
YoY Change 5.62% 7.81%
Gross Profit Margin 42.78% 43.58%
Selling, General & Admin $33.30M $34.40M
YoY Change -6.0% 4.51%
% of Gross Profit 6.77% 7.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $370.4M $304.7M
YoY Change 22.85% 7.64%
% of Gross Profit 75.3% 63.2%
Operating Expenses $331.0M $339.1M
YoY Change 7.18% 11.77%
Operating Profit $160.9M $143.0M
YoY Change 2.56% -0.53%
Interest Expense $147.9M -$112.0M
YoY Change 23.87% -198.3%
% of Operating Profit 91.93% -78.32%
Other Income/Expense, Net -$9.432M $30.02M
YoY Change 2.95% -162.4%
Pretax Income -$76.81M $95.29M
YoY Change 1415.05% -317.01%
Income Tax -$1.662M -$9.773M
% Of Pretax Income -10.26%
Net Earnings -$69.56M $103.5M
YoY Change -2370.94% -351.09%
Net Earnings / Revenue -6.05% 9.35%
Basic Earnings Per Share -$0.18 $0.26
Diluted Earnings Per Share -$0.18 $0.26
COMMON SHARES
Basic Shares Outstanding 402.4M shares 400.1M shares
Diluted Shares Outstanding 406.7M shares 404.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $433.9M $138.6M
YoY Change 198.97% 9.11%
Cash & Equivalents $433.9M $138.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $433.9M $138.6M
YoY Change 198.97% 9.11%
LONG-TERM ASSETS
Property, Plant & Equipment $22.09B $22.48B
YoY Change 3.81% 3.49%
Goodwill $1.045B $1.045B
YoY Change 0.12% 0.06%
Intangibles
YoY Change
Long-Term Investments $659.2M $629.2M
YoY Change 8.75% 6.57%
Other Assets $220.4M $99.71M
YoY Change 34.73% 8.52%
Total Long-Term Assets $24.53B $24.93B
YoY Change 1.56% 1.76%
TOTAL ASSETS
Total Short-Term Assets $433.9M $138.6M
Total Long-Term Assets $24.53B $24.93B
Total Assets $24.97B $25.07B
YoY Change 2.74% 1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.090B $1.070B
YoY Change 2.45% 0.63%
Accrued Expenses $317.4M $313.8M
YoY Change 11.53% 5.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.407B $1.383B
YoY Change 4.37% 1.6%
LONG-TERM LIABILITIES
Long-Term Debt $13.39B $13.35B
YoY Change 9.64% 8.33%
Other Long-Term Liabilities $5.098M $2.959M
YoY Change -46.29% -49.6%
Total Long-Term Liabilities $13.39B $13.36B
YoY Change 9.6% 8.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.407B $1.383B
Total Long-Term Liabilities $13.39B $13.36B
Total Liabilities $14.83B $14.83B
YoY Change 8.95% 7.92%
SHAREHOLDERS EQUITY
Retained Earnings -$5.941B -$5.688B
YoY Change 13.73% 12.76%
Common Stock $15.78B $15.69B
YoY Change 0.93% 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.818B $10.24B
YoY Change
Total Liabilities & Shareholders Equity $24.97B $25.07B
YoY Change 2.74% 1.8%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$69.56M $103.5M
YoY Change -2370.94% -351.09%
Depreciation, Depletion And Amortization $370.4M $304.7M
YoY Change 22.85% 7.64%
Cash From Operating Activities $286.1M $311.8M
YoY Change -4.71% 12.14%
INVESTING ACTIVITIES
Capital Expenditures $158.9M $128.4M
YoY Change -245.98% -230.3%
Acquisitions
YoY Change
Other Investing Activities $145.1M $57.10M
YoY Change -353.78% -344.31%
Cash From Investing Activities -$13.78M -$71.33M
YoY Change -91.7% -41.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.791M -226.0M
YoY Change -108.74% 26.72%
NET CHANGE
Cash From Operating Activities 286.1M 311.8M
Cash From Investing Activities -13.78M -71.33M
Cash From Financing Activities 9.791M -226.0M
Net Change In Cash 282.2M 14.52M
YoY Change 1170.57% -165.46%
FREE CASH FLOW
Cash From Operating Activities $286.1M $311.8M
Capital Expenditures $158.9M $128.4M
Free Cash Flow $127.2M $183.4M
YoY Change -68.91% -51.31%

Facts In Submission

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-992000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170745000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196597000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210347000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176031000 usd
us-gaap Transfer Of Investments
TransferOfInvestments
0 usd
us-gaap Transfer Of Investments
TransferOfInvestments
3176000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
7873000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
362000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
9000000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
2944000 usd
vtr Noncash Or Part Noncash Acquisition Deferred Income Tax Liabilities Assumed
NoncashOrPartNoncashAcquisitionDeferredIncomeTaxLiabilitiesAssumed
12382000 usd
vtr Noncash Or Part Noncash Acquisition Deferred Income Tax Liabilities Assumed
NoncashOrPartNoncashAcquisitionDeferredIncomeTaxLiabilitiesAssumed
594000 usd
vtr Settlements Of Loans Receivable
SettlementsOfLoansReceivable
486082000 usd
vtr Settlements Of Loans Receivable
SettlementsOfLoansReceivable
0 usd
vtr Settlements Of Loans Receivable Real Estate Received
SettlementsOfLoansReceivableRealEstateReceived
1566395000 usd
vtr Settlements Of Loans Receivable Real Estate Received
SettlementsOfLoansReceivableRealEstateReceived
0 usd
vtr Real Estate Owned Debt Assumed
RealEstateOwnedDebtAssumed
1016804000 usd
vtr Real Estate Owned Debt Assumed
RealEstateOwnedDebtAssumed
0 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 1—DESCRIPTION OF BUSINESS </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ventas, Inc. (together with its consolidated subsidiaries, unless otherwise indicated or except where the context otherwise requires, “we,” “us,” “our,” “Company” and other similar terms), an S&amp;P 500 company, is a real estate investment trust (“REIT”) operating at the intersection of healthcare and real estate. We hold a highly diversified portfolio of senior housing communities, outpatient medical buildings, research centers, hospitals and other healthcare facilities, which we generally refer to collectively as “healthcare real estate,” located throughout the United States, Canada and the United Kingdom. As of June 30, 2023, we owned or had investments in approximately 1,400 properties (including properties classified as held for sale). Our company was originally founded in 1983 and is headquartered in Chicago, Illinois with additional corporate offices in Louisville, Kentucky and New York, New York. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We primarily invest in a diversified portfolio of healthcare real estate assets through wholly owned subsidiaries and other co-investment entities. We operate through three reportable business segments: triple-net leased properties, senior housing operating portfolio, which we also refer to as “SHOP” and which was formerly known as senior living operations, and outpatient medical and research portfolio, which was formerly known as office operations. See “Note 2 – Accounting Policies” and “Note 15 – Segment Information.” Our senior housing communities are either subject to triple-net leases, in which case they are included in our triple-net leased properties reportable business segment, or operated by independent third-party managers, in which case they are included in our SHOP reportable business segment. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2023, we leased a total of 355 properties (excluding properties within our outpatient medical and research portfolio reportable business segment) to various healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures. Our three largest tenants, Brookdale Senior Living Inc. (together with its subsidiaries, “Brookdale Senior Living”), Ardent Health Partners, LLC (together with its subsidiaries, “Ardent”) and Kindred Healthcare, LLC (together with its subsidiaries, “Kindred”) leased from us 121 properties, 30 properties (including 19 outpatient medical buildings) and 29 properties, respectively, as of June 30, 2023.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2023, pursuant to long-term management agreements, we engaged independent operators, such as Atria Senior Living, Inc. (together with its subsidiaries, including Holiday Retirement (“Holiday”), “Atria”) and Sunrise Senior Living, LLC (together with its subsidiaries, “Sunrise”), to manage 579 senior housing communities. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2023, we owned or had investments in a total of 460 properties in our outpatient medical and research portfolio reportable business segment. These properties generally consist of outpatient medical buildings that are predominantly located on or contiguous to a health system campus and research properties that are affiliated with and often located on or contiguous to a university or academic medical campus. Through our Lillibridge Healthcare Services, Inc. subsidiary and our ownership interest in PMB Real Estate Services LLC, we also provide outpatient medical building management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, from time to time, we make secured and unsecured loans and other investments relating to healthcare real estate or operators. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have a third-party institutional capital management business, Ventas Investment Management (“VIM”), which includes our open-ended investment vehicle, the Ventas Life Science &amp; Healthcare Real Estate Fund (the “Ventas Fund”). Through VIM, we partner with third-party institutional investors to invest in healthcare real estate through various joint ventures and other co-investment vehicles where we are the sponsor or general partner.</span></div>
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1400 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2023Q2 vtr Concentration Risk Number Of Tenants
ConcentrationRiskNumberOfTenants
3 tenant
us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
us-gaap Gain Loss On Disposition Of Assets1
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11600000 usd
CY2023Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2023Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
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CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
6492000 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10700000 usd
CY2022Q2 us-gaap Impairment Of Real Estate
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12600000 usd
us-gaap Impairment Of Real Estate
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19200000 usd
us-gaap Impairment Of Real Estate
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26900000 usd
CY2023Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
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52200000 usd
CY2022Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecurities
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CY2023Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Amortized Cost
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CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
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CY2023Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
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52249000 usd
CY2023Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Fair Value
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesFairValue
51416000 usd
CY2022Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Amortized Cost
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesAmortizedCost
586034000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
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24621000 usd
CY2022Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Fair Value
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesFairValue
560449000 usd
CY2023Q1 vtr Debt Securities Held To Maturity And Available For Sale Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAndAvailableForSaleAllowanceForCreditLoss
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CY2023Q2 vtr Debt Securities Held To Maturity And Available For Sale Impact Of Loan Settlement Or Foreclosure
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CY2023Q2 vtr Debt Securities Held To Maturity And Available For Sale Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityAndAvailableForSaleCreditLossExpenseReversal
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vtr Debt Securities Held To Maturity And Available For Sale Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityAndAvailableForSaleCreditLossExpenseReversal
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CY2023Q2 vtr Gain Loss From Real Estate Operations Foreclosure
GainLossFromRealEstateOperationsForeclosure
29100000 usd
vtr Gain Loss From Real Estate Operations Foreclosure
GainLossFromRealEstateOperationsForeclosure
29100000 usd
CY2023Q2 us-gaap Real Estate Investments
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CY2022Q4 us-gaap Real Estate Investments
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CY2023Q2 us-gaap Proceeds From Sale Of Equity Method Investments
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50100000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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33500000 usd
CY2023Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
33500000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
1045147000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
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CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1440939000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y1M6D
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1363704000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y9M18D
CY2023Q2 us-gaap Below Market Lease Gross
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vtr Finite Lived Intangible Liabilities Below Market Leases Remaining Weighted Average Amortization Period
FiniteLivedIntangibleLiabilitiesBelowMarketLeasesRemainingWeightedAverageAmortizationPeriod
P7Y8M12D
CY2022Q4 us-gaap Below Market Lease Gross
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333672000 usd
CY2022 vtr Finite Lived Intangible Liabilities Below Market Leases Remaining Weighted Average Amortization Period
FiniteLivedIntangibleLiabilitiesBelowMarketLeasesRemainingWeightedAverageAmortizationPeriod
P8Y7M6D
CY2023Q2 vtr Other Finite Lived Intangible Liabilities Gross
OtherFiniteLivedIntangibleLiabilitiesGross
13498000 usd
CY2022Q4 vtr Other Finite Lived Intangible Liabilities Gross
OtherFiniteLivedIntangibleLiabilitiesGross
13498000 usd
CY2023Q2 vtr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
261079000 usd
CY2022Q4 vtr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
258639000 usd
CY2023Q2 vtr Indefinite Lived Intangible Liabilities Purchase Options
IndefiniteLivedIntangibleLiabilitiesPurchaseOptions
3568000 usd
CY2022Q4 vtr Indefinite Lived Intangible Liabilities Purchase Options
IndefiniteLivedIntangibleLiabilitiesPurchaseOptions
3568000 usd
CY2023Q2 vtr Finite And Indefinite Lived Intangible Liabilities Net
FiniteAndIndefiniteLivedIntangibleLiabilitiesNet
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vtr Finite Lived Intangible Liabilities Remaining Weighted Average Amortization Period
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CY2022Q4 vtr Finite And Indefinite Lived Intangible Liabilities Net
FiniteAndIndefiniteLivedIntangibleLiabilitiesNet
92099000 usd
CY2022 vtr Finite Lived Intangible Liabilities Remaining Weighted Average Amortization Period
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P8Y7M6D
CY2023Q2 vtr Deferred Rent Receivable
DeferredRentReceivable
193583000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
187536000 usd
CY2023Q2 vtr Non Mortgage Loans Receivable Net
NonMortgageLoansReceivableNet
24500000 usd
CY2022Q4 vtr Non Mortgage Loans Receivable Net
NonMortgageLoansReceivableNet
24338000 usd
CY2023Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
5997000 usd
CY2022Q4 us-gaap Other Intangible Assets Net
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6393000 usd
CY2023Q2 vtr Investment In Unconsolidated Operating Entities
InvestmentInUnconsolidatedOperatingEntities
79417000 usd
CY2022Q4 vtr Investment In Unconsolidated Operating Entities
InvestmentInUnconsolidatedOperatingEntities
95363000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
303371000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
272572000 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
647319000 usd
CY2022Q4 us-gaap Other Assets
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609823000 usd
CY2023Q2 us-gaap Commercial Paper
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CY2022Q4 us-gaap Commercial Paper
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CY2023Q2 vtr Long Term Debt And Short Term Borrowings Gross
LongTermDebtAndShortTermBorrowingsGross
13438942000 usd
CY2022Q4 vtr Long Term Debt And Short Term Borrowings Gross
LongTermDebtAndShortTermBorrowingsGross
12361244000 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
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81363000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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63410000 usd
CY2023Q2 vtr Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
19510000 usd
CY2022Q4 vtr Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
23535000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22349000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
24589000 usd
CY2023Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
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14700000 usd
CY2023Q2 vtr Commercial Paper Program Capacity
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CY2023Q2 us-gaap Commercial Paper
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135000000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1680338000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2241611000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1951619000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1380325000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2023Q2 vtr Long Term Debt And Short Term Borrowings Gross
LongTermDebtAndShortTermBorrowingsGross
13438942000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q2 us-gaap Derivative Notional Amount
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CY2023Q2 us-gaap Derivative Term Of Contract
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CY2023Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
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CY2023Q2 vtr Long Term Debt And Short Term Borrowings Gross
LongTermDebtAndShortTermBorrowingsGross
13438942000 usd
CY2022Q4 vtr Long Term Debt And Short Term Borrowings Gross
LongTermDebtAndShortTermBorrowingsGross
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vtr Settlements Of Loans Receivable Real Estate Received
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vtr Loans Receivable Real Estate Received Capital Improvements
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CY2023Q2 us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
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CY2023Q2 us-gaap Deferred Income Tax Assets Net
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CY2022Q4 us-gaap Deferred Income Tax Assets Net
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42445000 usd
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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23564000 usd
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CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Profit Loss
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105066000 usd
CY2022Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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123978000 usd
us-gaap Profit Loss
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3008000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3074000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103453000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120970000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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400431000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399592000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
400211000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399445000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
41000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
33000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
220000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
376000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
268000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
398000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3471000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3478000 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3517000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404122000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
403526000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
403957000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
403393000 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.26
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.10
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.31
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.26
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
CY2023Q2 us-gaap Earnings Per Share Diluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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vtr Intersegment Sales And Transfers
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0 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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CY2023Q2 us-gaap Interest And Other Income
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CY2023Q2 us-gaap Revenues
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CY2023Q2 us-gaap Interest And Other Income
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CY2023Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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CY2023Q2 us-gaap Cost Of Other Property Operating Expense
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CY2023Q2 vtr Net Operating Income
NetOperatingIncome
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CY2023Q2 us-gaap Interest Expense
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CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
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6801000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3069000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
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CY2023Q2 vtr Gain Loss From Real Estate Operations Foreclosure
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29127000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
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CY2023Q2 vtr Income Loss From Equity Method Investments And Remeasurement Gain On Equity Interest In Acquiree
IncomeLossFromEquityMethodInvestmentsAndRemeasurementGainOnEquityInterestInAcquiree
31254000 usd
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GainLossOnDispositionOfRealEstate
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IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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105066000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
105066000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1613000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103453000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
348638000 usd
CY2022Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
10752000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2022Q2 us-gaap Revenues
Revenues
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CY2022Q2 us-gaap Revenues
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CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1166000 usd
CY2022Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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574359000 usd
CY2022Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
1410000 usd
CY2022Q2 vtr Net Operating Income
NetOperatingIncome
446003000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1166000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
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CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32915000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13078000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-62000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-48116000 usd
CY2022Q2 vtr Income Loss From Equity Method Investments And Remeasurement Gain On Equity Interest In Acquiree
IncomeLossFromEquityMethodInvestmentsAndRemeasurementGainOnEquityInterestInAcquiree
-1047000 usd
CY2022Q2 vtr Gain Loss On Disposition Of Real Estate
GainLossOnDispositionOfRealEstate
-34000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3790000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-41202000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-41202000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1214000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
722905000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
20143000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
2775000 usd
us-gaap Revenues
Revenues
2183603000 usd
us-gaap Revenues
Revenues
2183603000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
2775000 usd
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1230749000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
3142000 usd
vtr Net Operating Income
NetOperatingIncome
946937000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
2775000 usd
us-gaap Interest Expense
InterestExpense
271340000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
586808000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
79197000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-20129000 usd
vtr Gain Loss From Real Estate Operations Foreclosure
GainLossFromRealEstateOperationsForeclosure
29127000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10197000 usd
vtr Income Loss From Equity Method Investments And Remeasurement Gain On Equity Interest In Acquiree
IncomeLossFromEquityMethodInvestmentsAndRemeasurementGainOnEquityInterestInAcquiree
25631000 usd
vtr Gain Loss On Disposition Of Real Estate
GainLossOnDispositionOfRealEstate
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
123978000 usd
us-gaap Profit Loss
ProfitLoss
123978000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3008000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
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us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Interest And Other Income
InterestAndOtherIncome
1702000 usd
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1117080000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
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vtr Net Operating Income
NetOperatingIncome
918987000 usd
us-gaap Interest Expense
InterestExpense
224745000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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vtr Income Loss From Equity Method Investments And Remeasurement Gain On Equity Interest In Acquiree
IncomeLossFromEquityMethodInvestmentsAndRemeasurementGainOnEquityInterestInAcquiree
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vtr Gain Loss On Disposition Of Real Estate
GainLossOnDispositionOfRealEstate
2421000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
-610000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3074000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3684000 usd
CY2023Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
129401000 usd
CY2022Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
143066000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
242057000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
561177000 usd
CY2023Q2 us-gaap Revenues
Revenues
1106358000 usd
CY2022Q2 us-gaap Revenues
Revenues
1022938000 usd
us-gaap Revenues
Revenues
2183603000 usd
us-gaap Revenues
Revenues
2040492000 usd
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
22483109000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
21160450000 usd

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