Ventas(US:VTR)2025-10-30 14:00Financial Performance & Guidance - Third Quarter 2025 Normalized FFO per share was $0.88, a 10% year-over-year increase[10, 11] - Total Company Same-Store Cash NOI grew by 8% year-over-year in the third quarter of 2025, primarily driven by SHOP[10, 11] - SHOP Same-Store Cash NOI experienced a 16% year-over-year growth, with U S growth leading at 19%[10, 11] - Ventas increased its 2025 senior housing investment guidance to $2.5 billion, up from the previous $2.0 billion[11, 16] - The company raised $2.6 billion in equity, which includes $0.5 billion from unsettled forward sales agreements as of October 2025[11] - Ventas increased Normalized FFO per share midpoint guidance to $3.47, a $0.03 increase from the previous $3.44 midpoint[15] - SHOP Same-Store Cash NOI growth guidance increased to 14%-16% from the previous 12%-16%[16] Portfolio & Strategy - Ventas is executing a focused strategy to drive growth, including delivering profitable organic growth in senior housing, capturing value-creating external growth focused on senior housing, and driving strong execution and cash flow generation throughout the portfolio[17] - The company's U S SHOP portfolio is actively managed for significant occupancy upside, with average occupancy around 85%[23, 24] - Ventas has accumulated 1.3+ billion senior housing data points to optimize markets, assets, and operators[40]