HighGravityDataVentas — Apr 29, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-042582
Showing in the filing
For senior housing investment volume
“$1.5 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 19
Attributable Net Income Per Share Range for FY2025
“$0.42 - $0.53”
Net income attributable to common stockholde… for FY2025
“$0.42 - $0.53”
Attributable Net Income Per Share Midpoint for FY2025
“$0.48”
Nareit FFO attributable to common stockholde… for FY2025
“$3.27 - $3.38”
Nareit FFO Per Share Range* for FY2025
“$3.27 - $3.38”
Nareit FFO Per Share Midpoint* for FY2025
“$3.33”
Normalized FFO attributable to common stockh… for FY2025
“$3.35 - $3.46”
Normalized FFO Per Share Range* for FY2025
“$3.35 - $3.46”
Normalized FFO Per Share Midpoint* for FY2025
“$3.41”
For senior housing investment volume for FY2025
“$1.5 billion”
Weighted average diluted shares (in millions) for FY2025
“460”
Weighted average diluted share count for FY2025
“460 million”
Net disposition proceeds for FY2025
“approximately $200 million”
FAD capital expenditures for FY2025
“approximately $285 million at midpoint”
General and administrative expenses for FY2025
“approximately $172 million at midpoint”
Net interest expense
“expected to increase ~$32 million year-over-year”
Net interest expense increase year-over-year for FY2025
“~$32 million”
Interest expense for FY2025
“approximately $618 million at midpoint”
Interest and other income for FY2025
“approximately $11 million at midpoint”
Exhibit 99.1 · the passage around this item
… earlier in the release
Ventas expects to report 2025 per share Attributable
Net Income to common stockholders, Nareit FFO and Normalized FFO within the following ranges:
As of 2/12/25
As of 4/30/2025
Attributable Net Income Per Share Range
$0.42 - $0.53
$0.42 - $0.53
Attributable Net Income Per Share Midpoint
$0.48
$0.48
Nareit FFO Per Share Range*
$3.27 - $3.38
$3.27 - $3.38
Nareit FFO Per Share Midpoint*
$3.33
$3.33
Normalized FFO Per Share Range*
$3.35 - $3.46
$3.35 - $3.46
Normalized FFO Per Share Midpoint*
$3.41
$3.41
Full Year 2025 Guidance Commentary Update
The Company’s full year guidance for 2025 Normalized FFO per
share is composed primarily of: (1) the benefit of (a) NOI growth in the Company’s SHOP segment and (b) accretive
senior housing investment activity in 2024 and expected in 2025, partially offset by (2) the impact of higher net interest expense,
foreign exchange and the dilutive impact of a higher share price. The Company has increased its 2025 guidance for senior housing investment
volume to $1.5 billion, from $1 billion, with the incremental investments expected to be second half weighted and funded primarily with
its existing unsettled forward equity commitments and disposition proceeds.
Investor Presentation
An Earnings Presentation is posted to the Events & Presentations
section of Ventas’s website at ir.ventasreit.com/events-and-presentations. Additional information regarding the Company can be
found in its Supplemental posted at ir.ventasreit.com. The information contained on, or that may be accessed through, the Company’s
website, including the information contained in the aforementioned Earnings Presentation and Supplemental, is not incorporated by reference
into, and is not part of, this document.
First Quarter 2025 Results Conference Call
Ventas will hold a conference call to discuss this earnings release
on Thursday, May 1, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
The dial-in number for the conference call is (888) 330-3576 (or +1
(646) 960-0672 for international callers), and the participant passcode is 7655497. A live webcast can be accessed from the Investor Relations
section of www.ventasreit.com.
A te
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.