Ventas — Jul 29, 2026 release

Select Guidance Assumptions: • The Company’s guidance includes the following investment and disposition assumptions: ◦ Expect to close $4.5 billion of investments focused on senior housing, increased vs. previous $3 billion ◦ Disposition and loan repayment proceeds of ~$700 million at a ~7% blended yield, vs. previous ~$300 million ◦ Additional guidance assumptions include: ◦ Interest expense of ~$646 million at midpoint, vs. previous ~$640 million ◦ Interest and other income of ~$8 million at midpoint, unchanged ◦ Full year weighted average diluted share count of 506 million, vs. previous 504 million ◦ FAD capital expenditures of ~$400 million at midpoint, unchanged - MORE - Ventas Reports 2026 Second Quarter Results July 29, 2026 Page 11 NON-GAAP FINANCIAL MEASURES RECONCILIATION Full Year 2026 Guidance as of April 27th, 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 $282 $317 $0.56 $0.63 Depreciation and amortization adjustments 1,593 1,593 $3.16 $3.16 Gain on real estate dispositions (15) (15) ($0.03) ($0.03) Nareit FFO attributable to common stockholders $1,860 $1,895 $3.69 $3.76 Other adjustments 3 64 64 $0.13 $0.13 Normalized FFO attributable to common stockholders $1,924 $1,959 $3.82 $3.89 % Year-over-year growth 7% 9% Weighted average diluted shares (in millions) 504 504 1 The Company’s guidance constitutes forward-looking statements within the meaning of the federal securities l