Ventas, Inc. Financial Ratios — VTR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	77.37	220.65
Return on Assets (%)	3.17	2	2.34	2.33	1.92	2.86	5.76	1.76	1.83	1.81	0.2	-0.19	-0.17	0.32	0.93
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.59	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.7	- -	- -	- -	- -
Gross Margin (%)	61.18	60.47	55.57	56.34	57.09	58.12	58.41	54.85	53.25	48.89	45.44	44.71	43.06	42.59	41.38
EBITDA Margin (%)	57.02	56.88	55.89	55.66	55.78	54.74	55.07	51.46	49.74	45.37	42.75	41.04	40.7	39.89	38.89
Operating Margin (%)	31.23	27.53	25.96	25.83	25.99	28.33	29.78	26.4	22.15	15.58	11.01	11.72	9.24	13.83	14.7
Incremental Operating Margin (%)	15.89	18.84	-56.27	24.59	26.83	77.36	67.83	-43.9	-103.21	344.26	-520.7	20.72	-18.54	62.31	19.38
Pretax Margin (%)	19.08	12.21	14.45	12.62	10.66	18.04	36.41	10.04	9.89	9.08	1.6	-1.4	-0.89	1.03	4.24
Profit Margin (%)	21.05	14.69	18.02	17.13	12.71	18.85	37.95	10.93	11.18	11.57	1.28	-1.15	-0.91	1.65	4.31
Net Income to Common Margin (%)	21.05	14.69	18.02	17.13	12.71	18.85	37.95	10.93	11.18	11.57	1.28	-1.15	-0.91	1.65	4.31
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.86	- -	- -	- -	- -
Dvd Payout Ratio (%)	144.8	237.49	212.96	242.87	256.68	156.56	60.57	266.78	259.82	209.56	1,071.42	-2,093.04	-3,687.68	774.81	316.6
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-522.13	-477.94

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	6,429	8,414	9,365	10,844	11,207	11,127	11,276	10,734	12,410	12,105	12,225	12,487	13,686	13,741	13,220
ST Debt	456	541	376	919	181	147	539	856	849	193	336	428	14	6	- -
LT Debt	5,974	7,873	8,989	9,925	11,026	10,981	10,737	9,877	11,561	11,912	11,888	12,059	13,672	13,734	13,220
Total Debt/EBITDA	6.51	5.99	6.66	7.02	6.11	5.9	5.73	5.57	6.44	7.03	7.47	7.37	7.48	6.99	5.83
Net Debt/EBITDA	6.32	5.84	6.59	6.98	6.08	5.75	5.69	5.53	6.26	6.67	7.26	7.18	7.09	6.43	5.41
Total Debt/EBIT	11.89	12.38	14.33	15.12	13.12	11.41	10.6	10.85	14.47	20.47	29.01	25.81	32.94	20.17	15.42
Net Debt/EBIT	11.54	12.07	14.19	15.04	13.06	11.11	10.52	10.78	14.05	19.41	28.18	25.16	31.24	18.53	14.31
EBITDA to Interest Expense	4.41	4.87	5.65	5.29	4.99	4.49	4.39	4.36	4.27	3.67	3.72	3.62	3.19	3.26	3.71
EBITDA-CapEx/Interest Expense	2.04	4.87	5.65	5.29	4.99	4.49	4.39	4.36	4.27	3.67	3.72	3.62	3.19	3.26	3.71
EBIT to Interest Expense	2.42	2.35	2.62	2.46	2.33	2.32	2.37	2.23	1.9	1.26	0.96	1.03	0.72	1.13	1.4
Interest Expense	224	289	249	292	367	420	448	442	452	470	440	468	574	603	612
Common Equity/Total Assets	-1.97	-3.71	-5.33	-6.86	-9.11	-10.36	-8.98	-12.58	-14.48	-16.45	-18.53	-22.14	0.41	0.42	0.43
Long-Term Debt/Equity (%)	63.85	86.62	100.95	113.37	114.55	104.29	98.22	96.16	109.63	115.89	108.61	117.97	143.24	126.82	105.04
Long-Term Debt/Capital (%)	96.81	101.2	107.1	104.84	119.34	124.83	116.83	124.27	129.41	144.1	153.67	167.34	98.76	98.75	98.68
Long-Term Debt/Total Assets (%)	34.59	41.48	45.55	46.89	49.53	47.4	44.82	43.73	46.82	49.78	48.1	49.92	55.29	52.45	47.91
Total Debt/Equity (%)	68.72	92.57	105.18	123.87	116.43	105.69	103.15	104.5	117.68	117.78	111.69	122.16	143.39	126.88	105.04
Total Debt/Capital (%)	104.2	108.15	111.59	114.55	121.29	126.49	122.69	135.04	138.91	146.44	158.02	173.28	98.87	98.8	98.68
Total Debt/Total Assets (%)	37.22	44.33	47.46	51.23	50.34	48.03	47.07	47.53	50.26	50.59	49.46	51.69	55.35	52.47	47.91
Net Debt to Equity	66.7	90.25	104.11	123.24	115.88	102.96	102.4	103.8	114.29	111.71	108.52	119.1	136.02	116.58	97.49
Net Debt/Capital (%)	101.89	106.37	111.72	114.64	121.41	127.39	122.9	135.36	136.54	146.21	156.57	171.86	97.36	97.04	96.95
EBITDA	987	1,405	1,407	1,546	1,833	1,885	1,968	1,927	1,926	1,722	1,637	1,695	1,830	1,965	2,269
EBITDA-CapEx	456	1,405	1,407	1,546	1,833	1,885	1,968	1,927	1,926	1,722	1,637	1,695	1,830	1,965	2,269
Operating Income (Loss)	541	680	653	717	854	976	1,064	989	858	591	421	484	416	681	858

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.06	0.05	0.08	0.06	0.11	0.3	0.07	0.14	0.16	0.45	0.1	0.08	0.43	0.69	0.53
Current Ratio	0.38	0.66	0.6	1.87	1.24	1.25	1.03	0.56	0.72	1.06	0.62	0.61	0.73	1.09	0.96
Quick Ratio	0.25	0.52	0.43	0.54	1.09	1.13	0.94	0.53	0.66	1.03	0.57	0.55	0.64	0.98	0.83
CFO/Avg Current Liab	0.76	0.63	0.79	0.74	0.92	1.22	0.95	0.71	0.69	0.82	0.69	0.72	0.81	1.07	1.22
Common Equity/Total Assets	-1.97	-3.71	-5.33	-6.86	-9.11	-10.36	-8.98	-12.58	-14.48	-16.45	-18.53	-22.14	0.41	0.42	0.43
Long-Term Debt/Equity (%)	63.85	86.62	100.95	113.37	114.55	104.29	98.22	96.16	109.63	115.89	108.61	117.97	143.24	126.82	105.04
Long-Term Debt/Capital (%)	96.81	101.2	107.1	104.84	119.34	124.83	116.83	124.27	129.41	144.1	153.67	167.34	98.76	98.75	98.68
Long-Term Debt/Total Assets (%)	34.59	41.48	45.55	46.89	49.53	47.4	44.82	43.73	46.82	49.78	48.1	49.92	55.29	52.45	47.91
Total Debt/Equity (%)	68.72	92.57	105.18	123.87	116.43	105.69	103.15	104.5	117.68	117.78	111.69	122.16	143.39	126.88	105.04
Total Debt/Capital (%)	104.2	108.15	111.59	114.55	121.29	126.49	122.69	135.04	138.91	146.44	158.02	173.28	98.87	98.8	98.68
Total Debt/Total Assets (%)	37.22	44.33	47.46	51.23	50.34	48.03	47.07	47.53	50.26	50.59	49.46	51.69	55.35	52.47	47.91
CFO/Total Liabilities	9.77	10.04	11.03	10.11	11.07	10.72	10.97	11.22	10.16	10.62	7.45	8.04	7.38	8.66	10.97
CFO/CapEx	1.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.94	1.17	0.94	1.14	1.05	1.18	1.16	1.1	0.93	0.81	0.77	0.66	1.02	1.24	1.73

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	35.75	22.74	18.56	16.41	16.16	14.85	13.95	14.47	14.65	16.92	22.09	22.66	23.57	24.82	25.73
Days Sales Outstanding	10.21	16.05	19.66	22.24	22.58	24.57	26.16	25.23	24.92	21.57	16.52	16.11	15.49	14.71	14.19
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	1.04	0.94	1.12	1.38	1.84	1.71	1.42	1.49	1.62	1.7	1.88	2.15	2.47	2.58	2.86
Accounts Payable Turnover Days	350.99	388.95	325.86	263.73	198.01	213.54	256.77	244.89	224.98	214.42	194.28	169.63	147.73	141.63	127.71
Cash Conversion Cycle	-340.78	-372.9	-306.2	-241.49	-175.43	-188.96	-230.61	-219.67	-200.06	-192.85	-177.76	-153.53	-132.25	-126.92	-113.52
Inventory to Cash Days	10.21	16.05	19.66	22.24	22.58	24.57	26.16	25.23	24.92	21.57	16.52	16.11	15.49	14.71	14.19
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	11,030	16,554	14,680	18,471	18,639	21,551	21,323	20,874	21,132	18,310	19,568	18,000	20,026	24,249	35,214
- Cash & Cash Equivalents	46	68	95	55	53	287	81	72	106	413	150	123	509	898	741
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	81	70	80	74	61	69	66	56	100	98	91	69	56	58	59
+ Total Debt	6,429	8,414	9,365	10,844	11,207	11,127	11,276	10,734	12,410	12,105	12,225	12,487	13,686	13,741	13,220
Enterprise Value	17,451	24,965	24,008	29,271	29,791	32,405	32,529	31,384	33,297	29,862	31,734	30,433	33,259	37,150	47,751
Total Capital	6,170	7,780	8,392	9,467	9,240	8,797	9,190	7,948	8,934	8,267	7,736	7,206	13,843	13,908	13,397
Total Debt/Capital (%)	104.2	108.15	111.59	114.55	121.29	126.49	122.69	135.04	138.91	146.44	158.02	173.28	98.87	98.8	98.68
Total Debt / EV	0.37	0.34	0.39	0.37	0.38	0.34	0.35	0.34	0.37	0.41	0.39	0.41	0.41	0.37	0.28
EV/Sales	10.08	10.11	9.54	10.54	9.06	9.41	9.1	8.38	8.6	7.87	8.29	7.37	7.39	7.54	8.19
EV/EBITDA	17.67	17.77	17.07	18.94	16.25	17.19	16.53	16.28	17.28	17.34	19.39	17.96	18.17	18.91	21.05
EV/EBIT	32.27	36.72	36.74	40.8	34.88	33.21	30.57	31.74	38.81	50.49	75.3	62.9	80.04	54.53	55.69
EV/Cash Flow to Firm	17.15	19.39	16.54	18.83	16.49	18.05	17.14	16.77	17.02	14.56	22.17	20.97	21.37	15.59	20.82
EV/Free Cash Flow to Firm	11.26	19.39	16.54	18.83	16.49	18.05	17.14	16.77	17.02	14.56	22.17	20.97	21.37	15.59	20.82
Diluted Market Cap	11,143	16,692	14,803	18,628	18,848	21,781	21,518	21,051	21,357	18,464	19,748	18,176	20,219	24,520	35,797
Diluted Enterprise Value	17,607	25,108	24,152	29,492	30,063	32,690	32,778	31,769	33,760	30,254	31,914	30,609	33,452	37,421	48,334
EV per Share	76.39	85.48	82.03	99.5	90.19	94.01	91.55	88.09	90.98	79.98	82.9	76.17	82.77	90.22	104.93
TTM Sales	1,732	2,470	2,517	2,777	3,286	3,444	3,574	3,746	3,873	3,795	3,828	4,129	4,498	4,924	5,834
TTM EBITDA	987	1,405	1,407	1,546	1,833	1,885	1,968	1,927	1,926	1,722	1,637	1,695	1,830	1,965	2,269
TTM Operating Income	541	680	653	717	854	976	1,064	989	858	591	421	484	416	681	858
TTM Cash Flow to Firm	1,018	1,288	1,452	1,554	1,807	1,796	1,898	1,871	1,956	2,051	1,432	1,451	1,557	2,383	2,294
TTM Free Cash Flow to Firm	1,549	1,288	1,452	1,554	1,807	1,796	1,898	1,871	1,956	2,051	1,432	1,451	1,557	2,383	2,294

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	8.54	16.81	12.39	14.85	13.47	16.08	15.06	15.24	14.85	12.73	19.25	16.23	18.05	18.44	21.74
EV/EBIT	32.27	36.72	36.74	40.8	34.88	33.21	30.57	31.74	38.81	50.49	75.3	62.9	80.04	54.53	55.69
Enterprise Value	17,451	24,965	24,008	29,271	29,791	32,405	32,529	31,384	33,297	29,862	31,734	30,433	33,259	37,150	47,751
Low Price	37.88	46.63	48.07	49.42	49.31	46.87	58.96	46.55	54.59	13.35	45.4	35.33	39.33	41.45	56.68
EV/Sales	10.08	10.11	9.54	10.54	9.06	9.41	9.1	8.38	8.6	7.87	8.29	7.37	7.39	7.54	8.19
EV/EBITDA	17.67	17.77	17.07	18.94	16.25	17.19	16.53	16.28	17.28	17.34	19.39	17.96	18.17	18.91	21.05
Price/Earnings	30.26	45.63	32.37	38.82	44.61	33.19	15.72	50.98	48.8	41.69	399.28	- -	- -	298.81	140.08
Price/Earnings Average	29.07	42.89	38.04	35.09	46.77	34.3	16.99	48.22	54.97	35.88	423.36	-424.76	-449.47	271.41	123.15
Price/Earnings High	31.53	48.04	47.53	40.7	56.72	40.78	18.95	57.16	63.73	53.89	477.15	-539.11	-521.22	343.05	148.25
Price/Earnings Low	23.74	37.54	31.02	30.56	38.98	24.89	15.44	40.5	46.14	11.35	354.6	-297.51	-385.7	210.32	102.61
Price/Book Value	-32.45	-23.51	-13.95	-12.72	-9.19	-8.98	-9.91	-7.35	-5.91	-4.65	-4.27	-3.36	198.97	222.23	296.59
Price/Book Value Average	-31.17	-22.1	-16.4	-11.5	-9.63	-9.28	-10.71	-6.95	-6.66	-4	-4.53	-3.77	182.98	201.85	260.73
Price/Book Value High	-33.81	-24.76	-20.49	-13.34	-11.68	-11.03	-11.95	-8.24	-7.72	-6.01	-5.11	-4.78	212.19	255.13	313.87
Price/Book Value Low	-25.46	-19.34	-13.37	-10.01	-8.03	-6.73	-9.74	-5.84	-5.59	-1.27	-3.79	-2.64	157.01	156.42	217.25
Price/Tangible Book Value	1.24	1.93	1.74	2.21	2.18	2.27	2.16	2.27	2.23	1.99	1.98	1.96	2.36	2.48	3.05
Price/Tangible Book Value Average	1.19	1.81	2.05	1.99	2.28	2.35	2.33	2.14	2.51	1.71	2.1	2.2	2.17	2.25	2.69
Price/Tangible Book Value High	1.29	2.03	2.56	2.31	2.77	2.79	2.6	2.54	2.91	2.57	2.36	2.79	2.51	2.85	3.23
Price/Tangible Book Value Low	0.97	1.59	1.67	1.74	1.9	1.7	2.12	1.8	2.11	0.54	1.76	1.54	1.86	1.75	2.24
Price/Sales	6.37	6.7	5.83	6.65	5.67	6.26	5.97	5.57	5.46	4.82	5.11	4.36	4.45	4.92	6.04
Price/Sales Average	6.12	6.3	6.85	6.01	5.95	6.47	6.45	5.27	6.15	4.15	5.42	4.88	4.09	4.47	5.31
Price/Sales High	6.64	7.06	8.57	6.97	7.21	7.69	7.19	6.25	7.13	6.24	6.11	6.19	4.75	5.65	6.39
Price/Sales Low	5	5.51	5.59	5.24	4.96	4.69	5.86	4.43	5.16	1.31	4.54	3.42	3.51	3.47	4.42
Price/Cash Flow	14.27	16.67	12.29	14.72	13.33	15.91	14.92	15.11	14.7	12.63	19.07	16.07	17.88	18.24	21.38
Price/Cash Flow Average	13.7	15.67	14.44	13.3	13.97	16.44	16.13	14.29	16.56	10.87	20.22	17.99	16.44	16.57	18.8
Price/Cash Flow High	14.86	17.56	18.04	15.43	16.94	19.54	18	16.94	19.19	16.32	22.79	22.84	19.07	20.94	22.63
Price/Cash Flow Low	11.19	13.72	11.77	11.59	11.64	11.93	14.66	12	13.9	3.44	16.94	12.6	14.11	12.84	15.66
Price/Free Cash Flow Average	8.2	15.8	14.56	13.42	14.13	16.62	16.28	14.41	16.73	10.96	20.41	18.17	16.6	16.75	19.11
Price/Free Cash Flow High	8.9	17.7	18.19	15.56	17.13	19.75	18.16	17.09	19.4	16.46	23	23.06	19.25	21.17	23.01
Price/Free Cash Flow Low	6.7	13.83	11.87	11.68	11.77	12.05	14.8	12.11	14.04	3.47	17.09	12.72	14.25	12.98	15.92
EV/Sales Average	9.85	9.71	10.57	9.92	9.36	9.64	9.6	8.13	9.35	7.26	8.6	7.89	7.04	7.09	7.46
EV/Sales High	10.37	10.47	12.28	10.89	10.62	10.86	10.34	9.11	10.33	9.34	9.29	9.21	7.69	8.27	8.54
EV/Sales Low	8.73	8.92	9.31	9.15	8.37	7.86	9.01	7.29	8.36	4.42	7.72	6.43	6.46	6.09	6.57
EV/EBITDA Average	17.28	17.07	18.91	17.83	16.78	17.6	17.43	15.8	18.79	16	20.11	19.23	17.29	17.78	19.17
EV/EBITDA High	18.19	18.4	21.97	19.56	19.05	19.83	18.78	17.7	20.76	20.59	21.72	22.43	18.9	20.74	21.95
EV/EBITDA Low	15.31	15.69	16.65	16.44	15	14.36	16.37	14.16	16.81	9.74	18.05	15.67	15.86	15.26	16.89
EV/EBIT Average	31.54	35.27	40.71	38.41	36.01	34.01	32.24	30.8	42.21	46.58	78.1	67.35	76.17	51.27	50.72
EV/EBIT High	33.21	38.02	47.3	42.13	40.88	38.32	34.74	34.51	46.62	59.95	84.36	78.56	83.24	59.8	58.08
EV/EBIT Low	27.95	32.41	35.84	35.41	32.2	27.74	30.27	27.61	37.75	28.36	70.11	54.87	69.88	43.99	44.7
Last Price	48.28	56.68	50.16	62.79	56.43	62.52	60.01	58.59	57.74	49.04	51.12	45.05	49.84	58.89	77.38
High Price	50.31	59.68	73.66	65.82	71.75	76.8	72.36	65.7	75.4	63.38	61.09	64.02	53.15	67.61	81.89
Enterprise Value Average	17,059	23,977	26,601	27,557	30,757	33,180	34,314	30,461	36,207	27,546	32,914	32,587	31,649	34,927	43,494
Enterprise Value High	17,958	25,846	30,907	30,226	34,915	37,382	36,972	34,124	39,998	35,454	35,551	38,012	34,589	40,741	49,804
Enterprise Value Low	15,118	22,035	23,418	25,401	27,503	27,065	32,211	27,301	32,382	16,774	29,545	26,549	29,036	29,969	38,331

Shares Outstanding	289	292	294	298	334	354	356	357	373	375	399	400	402	437	475
Diluted Weighted Avg Shares	231	294	295	297	334	348	359	359	370	377	386	403	406	416	463
Basic Weighted Avg Shares	228	292	293	294	330	345	355	356	366	373	383	400	402	412	455
Revenue per Share	7.58	8.46	8.6	9.44	9.95	9.99	10.06	10.51	10.58	10.17	10	10.33	11.19	11.96	12.82
EBITDA per Share	4.32	4.81	4.81	5.25	5.55	5.47	5.54	5.41	5.26	4.61	4.28	4.24	4.56	4.77	4.99
Operating Income per Share	2.37	2.33	2.23	2.44	2.59	2.83	3	2.78	2.34	1.58	1.1	1.21	1.03	1.65	1.88
Basic EPS, GAAP	1.6	1.24	1.55	1.62	1.26	1.88	3.82	1.15	1.18	1.18	0.13	-0.12	-0.1	0.2	0.55
Basic EPS from Cont Ops	1.58	1.05	1.28	1.22	1.18	1.89	3.83	1.17	1.2	1.18	0.15	-0.1	-0.08	0.21	0.57
Diluted EPS, GAAP	1.58	1.23	1.54	1.6	1.25	1.86	3.78	1.14	1.17	1.17	0.13	-0.12	-0.1	0.19	0.54
Diluted EPS from Cont Ops	1.56	1.05	1.27	1.21	1.17	1.87	3.8	1.16	1.19	1.17	0.15	-0.1	-0.07	0.21	0.57
Dividend per Share	2.28	2.49	2.74	2.98	3.04	2.97	2.33	3.16	3.16	2.49	1.79	1.8	1.8	1.8	1.89
Cash Flow per Share	3.38	3.4	4.08	4.27	4.23	3.93	4.02	3.88	3.93	3.88	2.68	2.8	2.79	3.23	3.62
Free Cash Flow per Basic Share	1.06	3.4	4.08	4.27	4.23	3.93	4.02	3.88	3.93	3.88	2.68	2.8	2.79	3.23	3.62
Cash & Equivalents per Share	0.39	0.25	0.4	0.4	0.35	0.99	0.38	0.78	0.94	1.74	0.39	0.31	1.27	2.18	1.63
Book Value per Share	-1.49	-2.41	-3.59	-4.93	-6.14	-6.96	-6.06	-7.97	-9.77	-10.54	-11.97	-13.39	0.25	0.26	0.26
Tangible Book Value per Share	38.93	29.36	28.8	28.46	25.93	27.52	27.84	25.87	25.93	24.7	25.84	22.95	21.14	23.73	25.33

Ventas, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)