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
Interest and other income
“~$11 million at midpoint”
Period
FY2025
Measure
GAAP-tied
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
Net interest expense (i.e., interest expense net of interest and other income) expected to increase ~$32M year-over-year due to refinancing maturing debt at higher rates and lower cash balances • Interest expense of ~$618 million at midpoint • Interest and other income of ~$11 million at midpoint - MORE - Ventas Reports 2024 Full Year Results February 12, 2025 Page 12 NON-GAAP FINANCIAL MEASURES RECONCILIATION Fourth Quarter 2024 Same-Store Cash NOI by Segment (In thousands, unless otherwise noted; dollars in USD; totals may not sum due to rounding; unaudited) For the Three Months Ended December 31, 2024 SHOP OM&R NNN Non-Segment Total Net income attributable to common stockholders $ 56,835 Adjustments: Interest and other income (8,305) Interest expense 153,206 Depreciation and amortization 308,772 General, administrative and professional fees 41,434 Loss on extinguishment of debt, net 15 Transaction, transition and restructuring costs 4,226 Other expense 38,855 Income from unconsolidated entities (6,969) Gain on real estate dispositions (6,727) Income tax benefit (45,539) Net income attributable to noncontrolling interests 1,892 NOI $ 234,677 $ 143,332 $ 153,197 $ 6,489 $ 537,695 Adjustments: Straight-lining of rental income — (1,014) 2,389 — 1,375 Non-cash rental income — (1,818) (11,129) — (12,947) NOI not included in cash NOI 1 808 (403) (103) — 302 Non-segment NOI — — — (6,489) (6,489) Cash NOI $ 235,485 $ 140,097 $ 144,354 $ — $ 519,936 Adjustments: Cash NOI not
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.