HighGravityDataVentas — Feb 5, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000740260-26-000003
Showing in the filing
Normalized FFO Per Share Range
“$3.78” – “$3.88”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Quarterly dividend per common share for Q1 FY2026
“$0.52”
Attributable Net Income Per Share Range for FY2026
“$0.52” – “$0.62”
Quarterly dividend for FY2026
“$0.52 per share”
Quarterly dividend increase for Q1 FY2026
“8% increase”
Attributable Net Income Per Share Midpoint for FY2026
“$0.57”
Nareit FFO Per Share Range for FY2026
“$3.63” – “$3.73”
Nareit FFO Per Share Midpoint* for FY2026
“$3.68”
Normalized FFO Per Share Range for FY2026
“$3.78” – “$3.88”
Normalized FFO Per Share Midpoint* for FY2026
“$3.83†”
SHOP segment NOI growth for FY2026
“significant NOI growth”
For 2026 Attributable Net Income per share for FY2026
“$0.57”
For 2026 Normalized FFO per share for FY2026
“$3.83”
Investments focused on senior housing includ… for FY2026
“approximately $2.5 billion”
Weighted average diluted shares (in millions) for FY2026
“503”
Disposition proceeds ( assumption) for FY2026
“~$300 million”
Interest expense ( assumption) for FY2026
“~$636M at midpoint”
Interest and other income ( assumption) for FY2026
“~$8M at midpoint”
Weighted average diluted share count ( assum… for FY2026
“503 million”
FAD capital expenditures ( assumption) for FY2026
“~$400M at midpoint”
Non-cash stock-based compensation expense im… for FY2026
“$0.08 per share for the full year”
Exhibit 99.1 · the passage around this item
… earlier in the release
Ventas expects to report 2026 per share Attributable Net Income, Nareit FFO and Normalized FFO within the following ranges: 2026 Guidance As of 2/5/2026 2025 Result $ Change % Change Attributable Net Income Per Share Range $0.52 - $0.62 Attributable Net Income Per Share Midpoint $0.57 $0.54 $0.03 6% Nareit FFO Per Share Range* $3.63 - $3.73 Nareit FFO Per Share Midpoint* $3.68 $3.50 $0.18 5% Normalized FFO Per Share Range* $3.78 - $3.88 Normalized FFO Per Share Midpoint* $3.83† $3.56† $0.27 8% ______________________________ †Beginning with the Company’s reported results for the first quarter 2026, we intend to exclude from the calculation of Normalized FFO the full amount recorded for non-cash stock-based compensation expense as we believe this is more closely comparable to the presentation of similar measures by key industry peers and is also consistent with our calculation of Adjusted EBITDA and the calculations for our financial covenant ratios under our credit facilities and senior notes indentures. The Company’s full year guidance for 2026 Normalized FFO per share gives effect to this exclusion. The Company’s 2025 Normalized FFO per share as shown on this line item has been recalculated to give effect to this exclusion for illustrative comparative purposes only. The expected Normalized FFO per share year-over-year growth rate was calculated using a comparable methodology for both 2025 and 2026. This change in methodology in 2025 has, and in 2026 is expected to have, an impact on Normalized FFO per share of $0.08. Full Year 2026 Guidance Commentary In 2026, the Company expects to achieve significant N
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.