LOWOutside partyTenant
17.7%
Atria Senior Living
“10-K Item 1: 'Atria Senior Living, Inc.| 17.7 | %'”
VTR · Concentration risk · 10-K extracted
Ventas (VTR) concentration risks
Updated
The most significant concentration Ventas discloses is Atria Senior Living at 17.7%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Ventas’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM0
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inGeographic
California
“10-K Item 1: 'properties in only one state (California) accounting for more than 10% of our total revenues for the year ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is limited by disclosed size, with both exposures carrying small-share bands. On the tenant side, Atria Senior Living is the largest disclosed tenant relationship, a small-share dependency exposure. The dependency character reflects the reliance on a specific operating partner rather than a structural feature of the senior housing market; changes to the operational or financial health of this tenant, or to the terms of its lease, could affect that portion of the cash flow stream directly. Geographically, California is the only state in which properties account for more than 10% of total revenues — a small-share, structural exposure. The filing identifies this threshold without specifying the precise percentage, indicating the California concentration is meaningful enough to disclose but modest enough not to dominate. The structural character reflects the property location rather than a contractual dependency; California-specific real estate dynamics, regulatory conditions, and senior housing supply trends are the channels through which this exposure could affect results. Both exposures are small-share and neither compounds the other in a direct way — the Atria relationship and the California geographic tilt represent separate dimensions of the portfolio. There is no disclosed customer, product-type, or supply-chain concentration layered alongside them. On balance, the disclosed concentration profile is limited in scale: the primary monitoring points are the operational performance of the senior housing portfolio and the stability of key tenant relationships, with California real estate conditions as a secondary geographic variable.
For the engine’s reasoning on VTR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Healthcare Facilities
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DOC | Healthpeak Properties, Inc. | 1 | 0 | 1 | 2 |
| HR | Healthcare Realty Trust Incorpo | 1 | 0 | 1 | 2 |
| AHR | American Healthcare REIT, Inc. | 1 | 0 | 0 | 1 |
| CTRE | CareTrust REIT, Inc. | 0 | 1 | 1 | 2 |
| DHC | Diversified Healthcare Trust | 0 | 1 | 1 | 2 |
| VTR● | Ventas, Inc. | 0 | 0 | 2 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.