Financial Data and Key Metrics Changes - Ventas delivered full year normalized FFO per share of $3.19, exceeding the high end of guidance range, representing a 7% year-over-year increase [12][44] - Total company same-store cash NOI grew nearly 8% year-over-year in 2024, with shop same-store cash NOI growth of 16% [45][49] - The company ended 2024 with a net debt to EBITDA ratio of 6.0 times, a 90 basis point improvement year-over-year, entering the long-term target leverage range of 5 to 6 times [47] Business Line Data and Key Metrics Changes - Senior housing NOI growth was significant, with same-store cash NOI growing nearly 16%, marking the third consecutive year of double-digit growth [13][45] - The outpatient medical and research business delivered continued compounding growth of 3% in 2024, with research growing 4.6% and outpatient medical increasing 2.6% [45] - The Ventas Investment Management platform (VIM) has over $5 billion in assets under management, contributing to the overall growth strategy [16] Market Data and Key Metrics Changes - The U.S. senior population aged 80 and above is projected to grow by 28% over the next five years, driving significant demand for senior housing [26] - New construction in senior housing markets remains constrained, with inventory growth at historic lows and new construction starts at an all-time low [27] - Approximately 25% of the portfolio is currently below 80% occupancy, indicating substantial growth potential [102] Company Strategy and Development Direction - The company plans to continue driving shop growth and expand its footprint with accretive investments focused on senior housing, expecting shop business to represent over 50% of NOI by year-end 2025 [17][18] - Ventas aims to maintain its competitive advantages through data analytics, operator relationships, and an experienced team, positioning itself well for future growth [28][41] - The company is focused on executing a community refresh program, improving living and working environments to enhance competitive positioning [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2025, anticipating normalized FFO per share growth of 7% at the midpoint, driven by shop growth [18][48] - The company highlighted favorable conditions for continued success, including compelling secular demand and a favorable pricing environment [20][21] - Management noted that the current labor market for operators has been favorable, with strong hiring and retention [136] Other Important Information - Ventas completed over $2 billion in accretive investments focused on senior housing in 2024, selected from a larger pipeline of opportunities [14][36] - The company raised $2.2 billion in total equity in 2024, with $250 million of unsettled forward equity available for 2025 investments [46] - The company expects to recycle $200 million through capital recycling efforts, primarily from the sale of skilled nursing facilities [92] Q&A Session Summary Question: What is the trajectory for the medical office building side? - Management indicated that they had 15% more leasing than the prior year and expect occupancy gains in 2025 [58] Question: What is Ventas OI telling you about capitalizing on demographic tailwinds? - Management emphasized the importance of data analytics in making investment decisions and ensuring sustained growth opportunities [62] Question: Can you discuss the acquisition strategy targeting stabilized assets? - Management highlighted the unique opportunity to invest in high-quality assets with a combination of yield and growth, maintaining strict investment criteria [68] Question: What does the deal flow look like compared to last year? - Management noted that the pipeline is larger than last year, with increased activity and competition in the market [78] Question: What are the risks around NIH funding changes? - Management expressed confidence in the long-term prospects of biomedical research in the U.S., despite some noise around NIH grants [90] Question: Can you clarify the seasonal pattern in your guidance for 2025? - Management confirmed that they are using historical seasonality in their underwriting for 2025 [100] Question: What percentage of the portfolio is below 80% occupancy? - Management stated that about 25% of the portfolio is below 80% occupancy, indicating growth potential [102] Question: What is the outlook for capital expenditures? - Management expects capital expenditures to continue at a higher level due to increased volume from acquisitions and conversions [144]

Core Insights - Ventas reported $1.29 billion in revenue for Q4 2024, a year-over-year increase of 10.5%, with an EPS of $0.81 compared to -$0.21 a year ago, indicating significant improvement in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $1.26 billion by 2.23%, and the EPS also surpassed the consensus estimate of $0.80 by 1.25% [1] Revenue Breakdown - Rental income from outpatient medical & research portfolio was $216.20 million, slightly below the estimated $220.75 million, reflecting a year-over-year decrease of 2.6% [4] - Rental income from triple-net leased properties was $157.40 million, exceeding the estimate of $151.56 million, showing a year-over-year increase of 1.4% [4] - Resident fees and services generated $896.36 million, surpassing the estimated $850.11 million, with a notable year-over-year increase of 15.6% [4] - Total rental income reported was $373.60 million, slightly above the average estimate of $372.31 million [4] - Third-party capital management revenues were $4.34 million, below the estimated $4.63 million, representing a year-over-year decrease of 0.3% [4] - Interest and other income reached $8.31 million, exceeding the estimate of $5.60 million, with a significant year-over-year increase of 41.1% [4] - Income from loans and investments was $4.45 million, surpassing the estimated $2.56 million, reflecting a substantial year-over-year increase of 178% [4] Stock Performance - Ventas shares returned +2.5% over the past month, while the Zacks S&P 500 composite increased by +4.3%, indicating underperformance relative to the broader market [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3]

Ventas (VTR) came out with quarterly funds from operations (FFO) of $0.81 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to FFO of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.25%. A quarter ago, it was expected that this seniors housing real estate investment trust would post FFO of $0.80 per share when it actually produced FFO of $0.80, delivering no surprise.Over the last four quarte ...

Exhibit 99.1 Ventas, Inc. 300 North LaSalle Street, Suite 1600 Chicago, Illinois 60654 (877) 4-VENTAS www.ventasreit.com Contact: BJ Grant (877) 4-VENTAS as Reports 2024 Full Year Results, Provides 2025 Outlook and Increases Dividend CHICAGO – Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") today reported results for the full year and fourth quarter ended December 31, 2024. CEO Remarks "Ventas delivered strong financial performance and growth in the fourth quarter and full year 2024 as we executed on o ...

In its upcoming report, Ventas (VTR) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 5.3% compared to the same period last year. Revenues are forecasted to be $1.26 billion, representing a year-over-year increase of 8.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before ...

Shares of Ventas (VTR) have gained 11.7% in the past six months against the industry’s decline of 2%.This healthcare real estate investment trust (REIT) is well-positioned to gain from its diverse portfolio of healthcare real estate assets in the key markets of the United States and the U.K. An aging population and the rise in healthcare expenditure by senior citizens are likely to benefit the senior housing operating portfolio (SHOP).The outpatient medical portfolio is expected to gain from favorable outpa ...

REIT. Real estate investment trust. Financial Market. Hand pressing button on screen.gettyTrump 2.0 is now only a bit less than a week off, and things are moving fast.Here’s one thing I can tell you: While everyone’s talking about tariffs, Greenland and the Panama Canal, what investors—particularly dividend investors—should be talking about is way more “boring”: The yield on the 10-year Treasury note.Because when the rubber really hits the road on the new administration, it’s the 10-year, more than anything ...

Ventas, Inc. (VTR) reached agreements with Brookdale Senior Living related to all assets under the current Master Lease between Ventas and Brookdale. The Master Lease was initially scheduled to expire on Dec. 31, 2025.The mutually beneficial agreements ensure a comprehensive outcome for Ventas as it implements its strategy to drive profitable growth in its senior housing business.About AgreementsThrough these agreements, Ventas is set to convert 44 select large-scale senior housing communities, which posses ...

Maintains Operations of High-Performing, Cash Flow Positive, 65 Community PortfolioAnnounces Completion of Previously Announced 11 Community Portfolio AcquisitionNASHVILLE, Tenn., Dec. 19, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced that it has entered into mutually beneficial agreements with Ventas, Inc. ("Ventas") to amend its triple-net master lease arrangement."I am very pleased to announce another successful lease amendment which is expec ...

Ventas, Inc. (VTR) announced that Brookdale Senior Living opted not to exercise its right to extend the Master Lease between the companies for a renewal term beginning Jan. 1, 2026. As a result, Brookdale is no longer entitled to extend the lease term for any assets that fall under the Master Lease.Brookdale is required to fulfill its obligation of paying the complete contractual rent as outlined in the Master Lease until the existing lease term that concludes on Dec. 31, 2025. Currently, the Master Lease e ...