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
Attributable Net Income Per Share Range
“$0.42 - $0.53”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
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
Full Year 2025 Guidance The Company’s 2025 guidance contains forward-looking statements and is based on a number of assumptions; actual results may differ materially. Ventas expects to report 2025 per share Attributable Net Income to common stockholders, Nareit FFO and Normalized FFO within the following ranges: As of 2/12/2025 Attributable Net Income Per Share Range $0.42 - $0.53 Attributable Net Income Per Share Midpoint $0.48 Nareit FFO Per Share Range* $3.27 - $3.38 Nareit FFO Per Share Midpoint* $3.33 Normalized FFO Per Share Range* $3.35 - $3.46 Normalized FFO Per Share Midpoint* $3.41 Full Year 2025 Guidance Commentary In 2025, the Company expects to achieve significant NOI growth in the SHOP segment and to benefit from accretive senior housing investment activity. The Company’s full year guidance for 2025 Attributable Net Income per share of $0.48 at the midpoint of the range compares to 2024 Attributable Net Income of $0.19. The Company’s full year guidance for 2025 Normalized FFO per share of $3.41 at the midpoint of the range compares to 2024 Normalized FFO per share of $3.19. The year-over-year projected increase of approximately 7% per share or $0.22 at the midpoint of the 2025 guidance range is composed primarily of: (1) the benefit of (a) NOI growth in the Company’s SHOP segment and (b) accretive senior housing investment activity in 2024 and expected in 2025, partially offset by (2) the impact of higher net interest expense, foreign exchange and the dilutive impact of a higher share price. The Company has included approximately $1 billion of
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.