Ventas — Jul 29, 2026 release

- MORE - Ventas Reports 2026 Second Quarter Results July 29, 2026 Page 10 NON-GAAP FINANCIAL MEASURES RECONCILIATION Full Year 2026 Guidance as of July 29th, 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 $291 $317 $0.58 $0.63 Depreciation and amortization adjustments 1,626 1,626 $3.22 $3.22 Gain on real estate dispositions (15) (15) ($0.03) ($0.03) Nareit FFO attributable to common stockholders $1,902 $1,927 $3.76 $3.81 Other adjustments 3 44 44 $0.09 $0.09 Normalized FFO attributable to common stockholders $1,947 $1,972 $3.85 $3.90 % Year-over-year growth 8% 10% Weighted average diluted shares (in millions) 506 506 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 Exchange Commission. 2 Totals may not add due to minor corporate-level adjustments. 3 Other adjustments include the categories of adjustments presented in our “Non-GAAP Financial Measures Reconciliation – Funds From Operations Attributable to Common Stockholders (FFO)”. 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