If you want to know how bad the coronavirus pandemic was on (NYSE: VTR), look no further than the healthcare real estate investment trust's (REIT's) dividend. It was cut by nearly 45% in the second quarter of 2020. If you want to know how big the headwinds have been, the fact that the dividend is still stuck at the same level around three years later should tell you a lot. The problem is that even now, when things are clearly improving, Ventas is still dealing with COVID fallout.

One of the most important things to understand about Ventas is that it has a sizable senior housing operating portfolio (SHOP), which it both owns and operates. Functionally, it hires a third party to handle the day-to-day operations.

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Source Fool.com