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 t