HighGravityDataVentas — Jul 30, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000740260-25-000228
Showing in the filing
Investments
“$2.0 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Investment volume expectations for 2025 for FY2025
“$2 billion”
Attributable Net Income Per Share Range for FY2025
“$0.47” – “$0.52”
Attributable Net Income Per Share Midpoint for FY2025
“$0.50”
Nareit FFO Per Share Range* for FY2025
“$3.38” – “$3.43”
Normalized FFO Per Share Range* for FY2025
“$3.41” – “$3.46”
Nareit FFO Per Share Midpoint* for FY2025
“$3.41”
Normalized FFO Per Share Midpoint* for FY2025
“$3.44”
Investments for FY2025
“$2.0 billion”
Net income attributable to common stockholde… for FY2025
“$215 $238”
Nareit FFO attributable to common stockholde… for FY2025
“$1,558 $1,581”
Normalized FFO attributable to common stockh… for FY2025
“$1,573 $1,596”
% Year-over-year growth (Normalized FFO) for FY2025
“7% 8%”
Weighted average diluted shares (in millions) for FY2025
“461”
Senior housing investment volume for FY2025
“$2.0 billion”
Equity raised for FY2025
“~$1.8 billion”
General and administrative expenses for FY2025
“~$178 million at midpoint”
Interest expense for FY2025
“~$615 million at midpoint”
Interest and other income for FY2025
“~$15 million at midpoint”
Disposition proceeds for FY2025
“~$200 million”
FAD capital expenditures for FY2025
“~$285 million at midpoint”
Exhibit 99.1 · the passage around this item
… earlier in the release
Ventas expects to report 2025 per share Attributable Net Income to common stockholders, Nareit FFO and Normalized FFO within the following ranges: As of 5/28/25 As of 7/30/2025 Attributable Net Income Per Share Range $0.43 - $0.53 $0.47 - $0.52 Attributable Net Income Per Share Midpoint $0.48 $0.50 Nareit FFO Per Share Range* $3.28 - $3.38 $3.38 - $3.43 Nareit FFO Per Share Midpoint* $3.33 $3.41 Normalized FFO Per Share Range* $3.36 - $3.46 $3.41 - $3.46 Normalized FFO Per Share Midpoint* $3.41 $3.44 Full Year 2025 Guidance Commentary Update The Company’s full year guidance for 2025 Normalized FFO per share 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 and the dilutive impact of a higher share price. The Company guidance includes completion of $2.0 billion in 2025 investments, with future investments expected to be funded primarily with its existing unsettled forward equity commitments. Certain additional assumptions are set forth in the appendix. Investor Presentation An Earnings Presentation is posted to the Events & Presentations section of Ventas’s website at ir.ventasreit.com/events-and-presentations. Additional information regarding the Company can be found in its Supplemental posted at ir.ventasreit.com. The information contained on, or that may be accessed through, the Company’s website, including the information contained in the aforementioned Earnings Presentation and Supplemental, is not incorporated by reference into, and is not part of, this document. Second Quarter 2025 Results Conference Call Ventas will hold a conference call to discuss this earnings release on Thursday, July 31, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). The dial-in number for the conference call is (888) 330-3576 (or +1 (646) 960-0672 for international callers), and the participant passcode is 7655497. A live webcast can be accessed from the Investor Relations section of www.ventasreit.com. A telephonic replay will be available at (8
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.