Ventas (VTR) executive compensation, 2026 proxy

Debra A. Cafaro, Chairman and Chief Executive Officer, was paid $17.5M in 2025, up 21% from $14.4M the year before. The CEO-to-median-employee pay ratio was 142:1, on median employee pay of $123,420.

Filed
April 1, 2026
Annual meeting
May 13, 2026
Pay year
2025
Named executives
5
CEO total pay
$17.5M+21% vs prior year
CEO to median employee
142:1median $123,420
CEO pay in equity
69%$12M in awards
Prior say-on-pay support
88%of votes cast
Total Shareholder Return
35.1%One-year TSR for 2025
Normalized FFO per share
$3.48Up approximately 9% year-over-year
Senior Housing Investments
$2.5BCompleted during fiscal year 2025
Enterprise Value
$50B+Exceeded in 2025

How Cafaro was paid

$17.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards69%Non-equity incentive23%All other compensation1%

Named executive officers

ExecutiveTotal
Debra A. CafaroChairman and Chief Executive Officer$17,501,073
Robert F. ProbstExecutive Vice President and Chief Financial Officer$6,462,221
Peter J. BulgarelliExecutive Vice President, Outpatient Medical and Research, Ventas, Inc.$4,180,627
J. Justin HutchensExecutive Vice President, Senior Housing and Chief Investment Officer$6,349,630
Carey S. RobertsExecutive Vice President, General Counsel, Ethics & Compliance Officer and Corporate Secretary$4,189,849

What changed and why

  • $17.5MDebra A. Cafaro received total compensation of $17,501,073 in fiscal 2025, representing an increase from the prior year total of $14,438,118.
  • 35%Total shareholder return exceeded 35% in 2025, significantly outperforming the Nareit Health Care and MSCI U.S. REIT indices.
  • 9%Normalized FFO per share grew approximately 9% to $3.48 compared to the prior year.
  • 88%The advisory say-on-pay proposal received over 88% support of votes cast at the 2025 annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.