Ventas — Apr 27, 2026 release

Select Guidance Assumptions: • The Company’s guidance includes the following investment and disposition assumptions: ◦ Expect to close ~$3 billion of investments focused on senior housing ◦ Disposition proceeds of ~$300 million ◦ Additional guidance assumptions include: ◦ Interest expense of ~$640 million at midpoint ◦ Interest and other income of ~$8 million at midpoint ◦ Full year weighted average diluted share count of 504 million ◦ FAD capital expenditures of ~$400 million at midpoint - MORE - Ventas Reports 2026 First Quarter Results April 27, 2026 Page 12 NON-GAAP FINANCIAL MEASURES RECONCILIATION Full Year 2026 Guidance as of February 5, 2026 1 Net Income and FFO Attributable to Common Stockholders 2 (In millions, except per share amounts; dollars in USD; totals may not sum due to rounding; unaudited) FY 2026 FY 2026 - Per Share Low High Low High Net income attributable to common stockholders $260 $310 $0.52 $0.62 Depreciation and amortization adjustments 1,566 1,566 $3.11 $3.11 Nareit FFO attributable to common stockholders $1,826 $1,876 $3.63 $3.73 Other adjustments 3,4 76 76 $0.15 $0.15 Normalized FFO attributable to common stockholders 4 $1,902 $1,952 $3.78 $3.88 % Year-over-year growth 4 6% 9% Weighted average diluted shares (in millions) 503 503 1 The Company’s guidance constitutes forward-looking statements within the meaning of the federal securities laws and is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. Actual results may differ materially from the Company’s expectations depending on factors discussed herein and in the Company’s filings with the Securities and Exc