Ventas — Apr 27, 2026 release

Senior Housing Investment Activity Ventas closed senior housing investments of $1.0 billion in the first quarter and $1.7 billion year to date through April 2026. The Company expects these investments to increase its growth rate on a multiyear basis and generate attractive financial returns. The Company is increasing its investment volume expectations for 2026 to $3 billion of investments focused on senior housing, up from the prior guidance of $2.5 billion. Financial Strength and Flexibility The Company’s Net Debt-to-Further Adjusted EBITDA* strengthened to 5.0x as of the end of the first quarter, representing the tenth consecutive quarter of sequential improvement. The improvement was driven by SHOP NOI growth and equity-funded senior housing investments. As of March 31, 2026, the Company had $5.5 billion in liquidity, supporting Ventas’s growth and financial flexibility. Liquidity includes availability under its unsecured credit facilities, cash and cash equivalents and unsettled equity forward sales agreements outstanding. - MORE - Ventas Reports 2026 First Quarter Results April 27, 2026 Page 3 Increased Full Year 2026 Guidance The Company is increasing its guidance for the full year. The Company’s 2026 guidance contains forward-looking statements and is based on a number of assumptions, including those identified later in this press release; actual results may differ materially. Ventas expects to report 2026 per share Attributable Net Income to common stockholders, Nareit FFO and Normalized FFO within the following ranges: As of 2/5/26 As of 4/2