HighGravityDataVentas — Jul 30, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000740260-25-000228
Showing in the filing
Investment volume expectations for 2025
“$2 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Investment volume expectations for 2025 for FY2025
“$2 billion”
Attributable Net Income Per Share Range for FY2025
“$0.47” – “$0.52”
Attributable Net Income Per Share Midpoint for FY2025
“$0.50”
Nareit FFO Per Share Range* for FY2025
“$3.38” – “$3.43”
Normalized FFO Per Share Range* for FY2025
“$3.41” – “$3.46”
Nareit FFO Per Share Midpoint* for FY2025
“$3.41”
Normalized FFO Per Share Midpoint* for FY2025
“$3.44”
Investments for FY2025
“$2.0 billion”
Net income attributable to common stockholde… for FY2025
“$215 $238”
Nareit FFO attributable to common stockholde… for FY2025
“$1,558 $1,581”
Normalized FFO attributable to common stockh… for FY2025
“$1,573 $1,596”
% Year-over-year growth (Normalized FFO) for FY2025
“7% 8%”
Weighted average diluted shares (in millions) for FY2025
“461”
Senior housing investment volume for FY2025
“$2.0 billion”
Equity raised for FY2025
“~$1.8 billion”
General and administrative expenses for FY2025
“~$178 million at midpoint”
Interest expense for FY2025
“~$615 million at midpoint”
Interest and other income for FY2025
“~$15 million at midpoint”
Disposition proceeds for FY2025
“~$200 million”
FAD capital expenditures for FY2025
“~$285 million at midpoint”
Exhibit 99.1 · the passage around this item
… earlier in the release
External Growth Focused on Senior Housing Ventas has closed $1.1 billion of senior housing investments year to date. These investments are expected to increase the Company’s growth rate on a multiyear basis and generate attractive NOI yields. The Company is increasing its investment volume expectations for 2025 to $2 billion, up from the prior estimate of $1.5 billion. Financial Strength and Flexibility The Company’s Net Debt-to-Further Adjusted EBITDA* improved to 5.6x as of the end of the second quarter driven by SHOP segment growth and equity-funded senior housing investments, representing a reduction of 0.4x compared to year-end 2024. As of June 30, 2025, the Company had $4.7 billion in liquidity, a competitive advantage that supports Ventas’s growth and financial flexibility. Liquidity includes availability under its unsecured revolving credit facility, cash and cash equivalents and unsettled equity forward sales agreements outstanding. - MORE - Ventas Reports 2025 Second Quarter Results July 30, 2025 Page 3 Improved Full Year 2025 Guidance The Company is increasing its guidance for the full year. The Company’s 2025 guidance contains forward-looking statements and is based on a number of assumptions, including those identified later in this press release; actual results may differ materially. Ventas expects to report 2025 per share Attributable Net Income to common stockholders, Nareit FFO and Normalized FFO within the following ranges: As of 5/28/25 As of 7/30/2025 Attributable Net Income Per Sh
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.