• Ventas average pre-tax profit margin for 2023 was -1.92%, a 21.95% increase from 2022.
• Ventas average pre-tax profit margin for 2022 was -2.46%, a 72.03% decline from 2021.
• Ventas average pre-tax profit margin for 2021 was -1.43%, a 139.94% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.