VTR

Nearly 70 million boomers are turning 80 while new senior housing construction crawls near record lows.

REITs, as measured by VNQ, have pulled back ~6% from July highs amid rising interest rates, now trading at meaningful discounts to NAV. Public REITs' low leverage and fixed-rate debt position them to benefit from declining new supply and potential rent growth over 2027-2028. Current market dislocation reflects capital market volatility, not deteriorating property fundamentals; transaction markets remain frozen due to wide bid-ask spreads.

Ventas NYSE: VTR reported third-quarter results marked by continued growth in its senior housing operating portfolio, increased investment activity and a higher full-year earnings outlook, as the company emphasized demand from an aging U.S. population and limited new senior housing supply.

Ventas, Inc. ( VTR ) Q3 2026 Earnings Call October 28, 2026 10:00 AM EDT Company Participants Bill Grant - Senior Vice President of Investor Relations Debra Cafaro - Chairman & CEO J. Hutchens - Executive VP of Senior Housing & Chief Investment Officer Robert Probst - Executive VP & CFO Conference Call Participants Nicholas Joseph - Citigroup Inc., Research Division Farrell Granath - BofA Securities, Research Division James Kammert - Evercore ISI Institutional Equities, Research Division James Feldman - Wells Fargo Securities, LLC, Research Division Austin Wurschmidt - KeyBanc Capital Markets Inc., Research Division David Rodgers - Raymond James & Associates, Inc., Research Division Ronald Kamdem - Morgan Stanley, Research Division Michael Mueller - JPMorgan Chase & Co, Research Division Georgi Dinkov - Mizuho Securities USA LLC, Research Division Julien Blouin - Goldman Sachs Group, Inc., Research Division Juan Sanabria - BMO Capital Markets Equity Research Richard Anderson - Cantor Fitzgerald & Co., Research Division Michael Carroll - RBC Capital Markets, Research Division Michael Stroyeck - Green Street Advisors, LLC, Research Division Richard Hightower - Barclays Bank PLC, Research Division Presentation Operator Hello, everyone.

VTR beats Q3 2026 FFO and revenue estimates on strong senior housing growth, higher occupancy and SHOP NOI gains, prompting a raised full-year FFO outlook.

Baron Real Estate Income Fund decreased 7.58% (Institutional Shares) in the third quarter, underperforming the MSCI US REIT Index, which decreased 6.33%. Welltower is a leading owner and operator of senior housing communities across the U.S., Canada, and the U.K., and is the largest health care REIT by market capitalization. We initiated a position in AAON, Inc., following a disappointing second quarter earnings result.

VTR is set to report Q3 2026 earnings Oct. 27, with revenue and FFO growth expected on senior housing strength despite triple-net and interest expense pressures.

The oldest baby boomers turn 80 this year, and the gap between senior housing demand and new supply is growing faster than most investors realize.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Ventas (VTR) have what it takes?

Baby boomers are turning 80 in waves while new senior housing construction has nearly stopped, and that collision of demographics and supply is reshaping how much income four REITs can realistically promise their investors.