Company Overview - Ventas (VTR) is a Chicago-based real estate investment trust (REIT) focused on seniors housing, with a year-to-date price change of 10.46% [3] - The company currently pays a dividend of $0.48 per share, resulting in a dividend yield of 2.95%, which is lower than the industry average of 5.19% and the S&P 500's yield of 1.56% [3] Dividend Performance - Ventas has an annualized dividend of $1.92, reflecting a 6.7% increase from the previous year [4] - Over the past five years, the company has increased its dividend once on a year-over-year basis, with an average annual increase of 0.37% [4] - The current payout ratio for Ventas is 59%, indicating that it pays out 59% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate projects earnings of $3.44 per share, representing a 7.84% increase from the previous year [5] Investment Considerations - Dividends are favored by investors for various reasons, including tax advantages and risk reduction in portfolios [6] - High-yielding stocks may face challenges during periods of rising interest rates, but Ventas is considered a compelling investment opportunity due to its strong dividend profile [7] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [7]

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM____________TO____________ Commission file number: 1-10989 Ventas, Inc. (Exact Name of Registrant as Specified in Its Charter) Washington, D.C. 20549 Delaware 61-1055020 (State or Ot ...

Ventas, Inc. (VTR) reported first-quarter 2025 normalized funds from operations (FFO) per share of 84 cents, beating the Zacks Consensus Estimate of 82 cents. The reported figure increased 7.7% from the prior-year quarter’s tally.Results reflect an increase in same-store cash net operating income (NOI), led by higher investments and improved same-store average occupancy in the Senior Housing Operating Portfolio (“SHOP”).VTR clocked in revenues of $1.36 billion in the first quarter, surpassing the Zacks Cons ...

Ventas (VTR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 It is now my pleasure to turn the call over to B. J. Grant, Senior Vice President of Investor Relations. Please begin. Speaker1 Thank you, Amy, and good morning, everyone, and welcome to the Ventas First Quarter twenty twenty five Results Conference Call. Yesterday, we issued our first quarter twenty twenty five earnings release, presentation materials and supplemental information package, which are available on the Ventas website at ir.ve ...

Ventas (VTR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Bill Grant - Investor RelationsDebra Cafaro - Chairman & CEOJustin Hutchens - Executive Vice President, Senior Housing and CIORobert Probst - Executive VP & CFOJames Kammert - Managing DirectorMichael Carroll - Managing Director & Head of US Real Estate ResearchVikram Malhotra - Managing DirectorJeffrey Spector - Managing DirectorRichard Anderson - Managing Director - Equity ResearchOmotayo Okusanya - Managing DirectorJuan Sana ...

Core Insights - Ventas reported $1.36 billion in revenue for Q1 2025, a 13.2% year-over-year increase, with an EPS of $0.84 compared to -$0.03 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.3 billion by 4.08%, and the EPS also surpassed the consensus estimate of $0.82 by 2.44% [1] Revenue Breakdown - Resident fees and services generated $968.90 million, exceeding the average estimate of $908.96 million, reflecting a 19.1% year-over-year increase [4] - Interest and other income was $3.08 million, slightly below the average estimate of $3.12 million, showing a significant year-over-year decline of 54.6% [4] - Rental income from outpatient medical & research portfolio reached $221.32 million, surpassing the estimate of $216.86 million, with a year-over-year change of 1.1% [4] - Income from loans and investments was $4.32 million, slightly below the estimate of $4.38 million, but marked a substantial year-over-year increase of 235.5% [4] - Total rental income was $377.43 million, slightly above the estimate of $376.53 million [4] - Third-party capital management revenues were $4.34 million, slightly below the estimate of $4.39 million, with a year-over-year change of 0.9% [4] - Triple-net leased rental income was $156.11 million, slightly below the estimate of $157.21 million, reflecting a year-over-year change of 0.5% [4] - Net Earnings Per Share (Diluted) was $0.10, exceeding the average estimate of $0.09 [4] Stock Performance - Ventas shares returned -0.2% over the past month, matching the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

分组1 - Ventas reported quarterly funds from operations (FFO) of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, and up from $0.78 per share a year ago, representing an FFO surprise of 2.44% [1] - The company posted revenues of $1.36 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.08%, compared to $1.2 billion in the same quarter last year [2] - Ventas has outperformed the market with shares increasing about 17.4% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $0.85 on revenues of $1.33 billion, and for the current fiscal year, it is $3.44 on revenues of $5.38 billion [7] - The estimate revisions trend for Ventas is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The REIT and Equity Trust - Other industry is currently in the bottom 36% of Zacks industries, which may impact stock performance [8]

Cautionary Statements This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated results from operations and developments and other matters that are not historical facts. Forward-looking statements include, among other things, statements ...

Financial Performance - Ventas reported a first quarter 2025 Attributable Net Income per share of $0.10, a significant increase from a loss of $0.04 in the prior year[9]. - Normalized Funds From Operations (FFO) per share for the first quarter was $0.84, reflecting an 8% increase year-over-year[8]. - The total Company Net Operating Income (NOI) grew approximately 13% year-over-year, with Same-Store Cash NOI growth of about 7%[8]. - Year-to-date, Ventas has closed approximately $900 million in senior housing investments, aligning with its financial criteria[10]. - Total revenues for Q1 2025 reached $1,358,074, an increase of 13.2% compared to $1,199,914 in Q1 2024[32]. - Net income attributable to common stockholders for Q1 2025 was $46,868, compared to a net loss of $14,312 in Q1 2024[32]. - Earnings per common share for Q1 2025 was $0.11, compared to a loss of $0.03 per share in Q1 2024[32]. - The company reported a significant increase in resident fees and services, totaling $968,904 in Q1 2025, compared to $813,304 in Q1 2024[32]. - Nareit FFO attributable to common stockholders increased by 29% year-over-year to $378,759,000, with per share FFO rising 18% to $0.85[33]. - Normalized FFO attributable to common stockholders was $376,722,000, reflecting a 19% increase from $316,573,000 in the previous year, with per share normalized FFO at $0.84, an 8% increase[33]. - Adjusted EBITDA for Q1 2025 was $553,975,000, up from $493,352,000 in Q1 2024, indicating a strong operational performance[52]. Investment and Guidance - The company reaffirmed its 2025 guidance, expecting Attributable Net Income per share to be in the range of $0.42 to $0.53[14]. - Ventas has raised its 2025 guidance for senior housing investment volume to $1.5 billion, up from the previous $1 billion[15]. - The company provided full-year 2025 guidance for Nareit FFO attributable to common stockholders between $1,503 million and $1,556 million, with a year-over-year growth rate of 5% to 8%[41]. - Senior housing investment volume is projected to increase to $1.5 billion, up from $1 billion, with investments expected to be weighted towards the second half of the year[43]. Debt and Liquidity - Ventas increased its unsecured credit facility by $750 million to a total of $3.5 billion, enhancing its liquidity to $2.9 billion as of March 31, 2025[12]. - The Net Debt-to-Further Adjusted EBITDA improved to 5.7x, a reduction of 0.3x from year-end 2024[11]. - Total debt as of March 31, 2025, was $12,701,675,000, with net debt at $12,864,925,000, resulting in a Net Debt to Further Adjusted EBITDA ratio of 5.7x[52]. - Cash and cash equivalents decreased significantly to $182,335 as of March 31, 2025, from $897,850 as of December 31, 2024[30]. - Senior notes payable and other debt decreased to $12,701,675 as of March 31, 2025, down from $13,522,551 as of December 31, 2024[30]. - Total liabilities decreased to $14,166,450 as of March 31, 2025, compared to $15,047,081 as of December 31, 2024[30]. Operational Highlights - The senior housing operating portfolio (SHOP) experienced a Same-Store Cash NOI increase of approximately 14% year-over-year, with an NOI margin growth of 150 basis points[8]. - Cash NOI for Q1 2025 was $543,109,000, with a notable increase in the SHOP segment by 13.6%[47]. - Same-Store Cash NOI for Q1 2025 reached $485,438,000, reflecting a 7.1% increase compared to Q1 2024[47]. - The percentage increase in NOI for the NNN segment was 3.2% in Q1 2025 compared to the previous year[47]. Costs and Expenses - The company reported depreciation and amortization adjustments of $1,311 million for FY 2025 guidance[41]. - The company reported a depreciation and amortization expense of $321,525,000 for Q1 2025, compared to $300,255,000 in Q1 2024[52]. - Interest expense for Q1 2025 was $149,356,000, slightly lower than $149,933,000 in Q1 2024[52]. - The company incurred transaction, transition, and restructuring costs of $5,982,000 in Q1 2025, compared to $4,677,000 in Q1 2024[52]. - The company’s cash modification fees for Q1 2025 amounted to $950,000, reflecting ongoing operational adjustments[47]. Other Considerations - Newly acquired and recently developed properties will be included in same-store once stabilized, defined as achieving 80% occupancy or 24 months post-acquisition[60]. - Properties are excluded from same-store if sold, undergoing significant redevelopment, or impacted by disruptive events like floods or fires[61]. - Portfolio performance disclosures assume constant exchange rates, with current period results in actual USD and prior periods adjusted based on average monthly exchange rates[62].