Ventas — Oct 30, 2024 release

3 Other adjustments include the categories of adjustments presented in our “Non-GAAP Financial Measures Reconciliation – Funds From Operations Attributable to Common Stockholders (FFO)”. Select Guidance Assumptions: 1. Expect to close $1.7 billion of senior housing investments, with $1.4 billion closed year to date 2. Expect to dispose of assets for $330 million in net proceeds 3. FAD capital expenditures of ~$250 million 4. General and administrative expenses expected to range from $155 million to $160 million 5. Interest expense expected to range from $605 million to $609 million 6. The $9 million gain recognized in the third quarter arising from the Ardent IPO in July 2024 and the year to date impacts of $14 million in net cash proceeds from the exercise and sale of Brookdale warrants are included in Net Income and Nareit FFO and not included in Normalized FFO - MORE - Ventas Reports 2024 Third Quarter Results October 30, 2024 Page 11 NON-GAAP FINANCIAL MEASURES RECONCILIATION Full Year 2024 Guidance as of August 1, 2024 1 Net Income and FFO Attributable to Common Stockholders 2 (In millions, except per share amounts; dollars in USD; totals may not sum due to rounding; unaudited) FY 2024 FY 2024 - Per Share Low High Low High Net income attributable to common stockholders $31 $56 $0.07 $0.13 Depreciation and amortization adjustments 1,272 1,272 3.07 3.07 Gain on real estate dispositions (50) (50) (0.12) (0.12) Nareit FFO