HighGravityDataVentas — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000740260-25-000049
Showing in the filing
Quarterly dividend increase
“7%”
Period
Q1 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 27
Net Debt-to-Further Adjusted EBITDA long ter… for the long term
“5.0x-6.0x”
Quarterly dividend
“$0.48 per share”
Quarterly dividend increase for Q1 FY2025
“7%”
Attributable Net Income Per Share Range for FY2025
“$0.42 - $0.53”
Net income attributable to common stockholde… for FY2025
“$0.42 - $0.53”
Attributable Net Income Per Share Midpoint for FY2025
“$0.48”
Nareit FFO attributable to common stockholde… for FY2025
“$3.27 - $3.38”
Nareit FFO Per Share Range* for FY2025
“$3.27 - $3.38”
Nareit FFO Per Share Midpoint* for FY2025
“$3.33”
Normalized FFO attributable to common stockh… for FY2025
“$3.35 - $3.46”
Normalized FFO Per Share Range* for FY2025
“$3.35 - $3.46”
For 2025 Attributable Net Income per share for FY2025
“$0.48 at the midpoint of the range”
Quarterly dividend per common share for Q1 FY2025
“$0.48”
For 2025 Normalized FFO per share for FY2025
“$3.41 at the midpoint of the range”
Normalized FFO Per Share Midpoint* for FY2025
“$3.41”
Normalized FFO per share year-over-year proj… for FY2025
“$0.22”
Investments focused on senior housing includ… for FY2025
“approximately $1 billion”
% Year-over-year growth for FY2025
“5% 8%”
Weighted average diluted shares (in millions) for FY2025
“456”
Senior housing investments expected to be cl… for FY2025
“approximately $1 billion”
Asset dispositions expected net proceeds for FY2025
“approximately $200 million”
FAD capital expenditures for FY2025
“approximately $285 million at midpoint”
General and administrative expenses for FY2025
“approximately $172 million at midpoint”
Net interest expense
“expected to increase ~$32M year-over-year”
Net interest expense increase year-over-year for FY2025
“~$32M”
Interest expense for FY2025
“~$618 million at midpoint”
Interest and other income for FY2025
“~$11 million at midpoint”
Exhibit 99.1 · the passage around this item
… earlier in the release
With this improvement, the Company has now entered its long term targeted range of 5.0x-6.0x. Ventas Declares Quarterly Dividend of $0.48 Per Common Share, Representing 7% Increase The Company’s Board of Directors has declared a quarterly dividend of $0.48 per share, representing a 7% increase, on the strength of the Company’s results and its positive outlook. The dividend will be payable in cash on April 17, 2025 to stockholders of record on March 31, 2025. - MORE - Ventas Reports 2024 Full Year Results February 12, 2025 Page 3 Investments Group Addition The Company is expanding its resources to capitalize on its compelling external growth opportunities: • Alex Russo, Managing Director in the Real Estate & Lodging Investment Banking Group at Lazard, will join Ventas as Senior Managing Director, Investments in the first quarter of 2025. Mr. Russo has spent 18-years in real estate at Lazard, advising and executing on a variety of acquisitions, dispositions, partnerships, investments, financings and other strategic business initiatives. He leads Lazard’s coverage of the healthcare real estate sector, and has also focused on real estate investment managers, helping clients grow and transform their businesses. Mr. Russo will report to Ventas Executive Vice President, Senior Housing and Chief Investment Officer, J. Justin Hutchens. • Tim Sanders, Senior Vice President, Business Development will continue to lead Ventas’s Investment Officer Group. This group successfu
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.