Ventas — Oct 29, 2025 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 7/30/25 As of 10/29/2025 Attributable Net Income Per Share Range $0.47 - $0.52 $0.49 - $0.52 Attributable Net Income Per Share Midpoint $0.50 $0.51 Nareit FFO Per Share Range* $3.38 - $3.43 $3.43 - $3.46 Nareit FFO Per Share Midpoint* $3.41 $3.45 Normalized FFO Per Share Range* $3.41 - $3.46 $3.45 - $3.48 Normalized FFO Per Share Midpoint* $3.44 $3.47 Full Year 2025 Guidance Commentary Update The Company’s full year guidance for 2025 Normalized FFO per share vs. 2024 results 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 2025, partially offset by (2) the impact of higher net interest expense and the dilutive impact of a higher share price. 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. Th