Ventas — Oct 30, 2024 release

Third Quarter and Other 2024 Highlights • Net Income Attributable to Common Stockholders (“Attributable Net Income”) per share of $0.05 • Normalized Funds From Operations* (“Normalized FFO”) per share of $0.80, an increase of approximately 7% compared to the prior year • Total Company Net Operating Income* (“NOI”) year-over-year growth of 4.9% and Total Company Same-Store Cash NOI* year-over-year growth of 7.6% • On a Same-Store Cash NOI* basis, the senior housing operating portfolio (“SHOP”) grew 15.3% year-over-year and was led by average occupancy growth of 350 basis points • Year to date, the Company closed on approximately $1.4 billion of senior housing investments, with an additional $300 million of senior housing investments under contract and expected to close by year end • Year to date, the Company issued 19.8 million shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $1.1 billion, of which 3.4 million shares are issuable for gross proceeds of approximately $210 million under forward sales agreements and subject to future settlement. Year to date, the Company has completed over $300 million of dispositions • As of September 30, 2024, the Company had $4.0 billion in liquidity, including availability under its unsecured revolving credit facility, $1.1 billion of cash and cash equivalents and $0.2 billion available under issuances of forward sales of common stock subject to future settlement *Some of the financial measures throughout this press release are non-GAAP measures. Refer to the Non-GAAP Financial Measures Reconciliation tables at the end of this press release for additional information and a reconciliation to the most directly comparable GAAP measure. Ventas Reports 2024 Third Quarter Results October 30, 2024 Page 2 Third Quarter 2024 Company Results For the Third Quarter 2024, reported per share results wer