Ventas owns healthcare-related real estate, including senior housing communities, medical office buildings and other healthcare facilities, one of the largest healthcare real estate investment trusts. As a real estate investment trust, the company distributes most of its taxable income to shareholders as dividends, generating revenue from rental income and operating partnerships across its portfolio of healthcare-related properties. Its senior housing business benefits from demographic aging trends, as the growing population of older Americans requiring assisted living and senior housing accommodations drives demand for the type of properties Ventas owns. The company's rental income and property values are sensitive to healthcare industry trends, senior housing occupancy rates, and the broader demographic tailwind of an aging population that supports long-term demand for its healthcare-focused real estate portfolio.