UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM____________TO____________ Commission file number: 1-10989 Ventas, Inc. (Exact Name of Registrant as Specified in Its Charter) Washington, D.C. 20549 Delaware 61-1055020 (State or Ot ...

Ventas, Inc. (VTR) reported first-quarter 2025 normalized funds from operations (FFO) per share of 84 cents, beating the Zacks Consensus Estimate of 82 cents. The reported figure increased 7.7% from the prior-year quarter’s tally.Results reflect an increase in same-store cash net operating income (NOI), led by higher investments and improved same-store average occupancy in the Senior Housing Operating Portfolio (“SHOP”).VTR clocked in revenues of $1.36 billion in the first quarter, surpassing the Zacks Cons ...

Ventas (VTR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 It is now my pleasure to turn the call over to B. J. Grant, Senior Vice President of Investor Relations. Please begin. Speaker1 Thank you, Amy, and good morning, everyone, and welcome to the Ventas First Quarter twenty twenty five Results Conference Call. Yesterday, we issued our first quarter twenty twenty five earnings release, presentation materials and supplemental information package, which are available on the Ventas website at ir.ve ...

Ventas (VTR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Bill Grant - Investor RelationsDebra Cafaro - Chairman & CEOJustin Hutchens - Executive Vice President, Senior Housing and CIORobert Probst - Executive VP & CFOJames Kammert - Managing DirectorMichael Carroll - Managing Director & Head of US Real Estate ResearchVikram Malhotra - Managing DirectorJeffrey Spector - Managing DirectorRichard Anderson - Managing Director - Equity ResearchOmotayo Okusanya - Managing DirectorJuan Sana ...

Ventas (VTR) reported $1.36 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 13.2%. EPS of $0.84 for the same period compares to -$0.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.3 billion, representing a surprise of +4.08%. The company delivered an EPS surprise of +2.44%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Ventas (VTR) came out with quarterly funds from operations (FFO) of $0.84 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to FFO of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.44%. A quarter ago, it was expected that this seniors housing real estate investment trust would post FFO of $0.80 per share when it actually produced FFO of $0.81, delivering a surprise of 1.25%.Over the last fou ...

业绩总结 - 2025年第一季度归属净收入每股为0.10美元[13] - 2025年第一季度Nareit FFO每股为0.85美元[13] - 2025年第一季度Normalized FFO每股为0.84美元，同比增长约8%[15] - 2025年第一季度同店现金NOI同比增长7.1%，其中SHOP增长13.6%[15] - 2025年第一季度归属于普通股东的净收入为46,868千美元，较2024年第四季度的56,835千美元下降17.4%[98] - 2025年第一季度总收入为221,999千美元，较上一季度增长2.3%[106] - 2025年第一季度的同店现金运营收入为801,220千美元，较2024年第一季度的746,285千美元增长7.4%[102] 用户数据 - 2025年第一季度SHOP同店现金NOI为220.5百万美元[18] - 2025年第一季度SHOP同店收入同比增长7.4%[18] - 2025年第一季度SHOP同店平均入住率同比增长290个基点，达到87.0%[18] - 2025年第一季度SHOP同店现金NOI利润率扩张150个基点，显示出积极的运营杠杆[18] - 2025年第一季度的同店现金净运营收入为137,344千美元，同比增长1.3%[109] 未来展望 - 2025年全年的Nareit FFO每股指导范围为3.27至3.38美元，中点为3.33美元[14] - 2025年同店现金NOI增长指导范围为5.5%至8.0%[14] - 预计未来五年美国80岁以上人口将增长28%[21] - 2025年预计的净收入为1.92亿至2.45亿美元，每股收益为0.42至0.53美元[93] - 2025年预计的净运营收入（NOI）为23.17亿至23.83亿美元，其中老年住房部分为11.03亿至11.51亿美元[93] 新产品和新技术研发 - 2025年老年住房投资量指导提高至15亿美元，较之前的10亿美元有所增加[15] - 2025年预计德克萨斯州老年住房投资总额将达到15亿美元，较之前的10亿美元增加5000万美元[67] 财务状况 - 净债务与进一步调整后的EBITDA比率改善至5.7倍[15] - 2025年第一季度总债务为12,701,675千美元，较2024年第四季度的13,522,551千美元减少6.1%[98] - 2025年第一季度现金及现金等价物为(182,335)千美元，较2024年第四季度的(897,850)千美元改善79.7%[98] - 2025年预计的可用流动资金为36亿美元，包含7500万美元的信贷额度增加[74] - 2025年预计的债务到期利率为4.0%[74] 其他新策略 - 公司在4月将无担保信用额度增加至35亿美元[15] - 2024年和2025年年初至今的老年住房投资关闭总额约为28亿美元，75%的交易为关系驱动而非广泛市场化[68]

Exhibit 99.1 Ventas, Inc. 300 North LaSalle Street, Suite 1600 Chicago, Illinois 60654 (877) 4-VENTAS www.ventasreit.com Contact: BJ Grant (877) 4-VENTAS Ventas Reports 2025 First Quarter Results CHICAGO – Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") today reported results for the first quarter ended March 31, 2025. CEO Remarks "Ventas delivered a strong first quarter of 2025, as we executed on our strategy to capitalize on the unprecedented multiyear growth opportunity in senior housing. We drove d ...

Wall Street analysts expect Ventas (VTR) to post quarterly earnings of $0.82 per share in its upcoming report, which indicates a year-over-year increase of 5.1%. Revenues are expected to be $1.3 billion, up 8.7% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company ...

文章核心观点 - 投资者关注投资回报，收益型投资者注重从流动资产中获得稳定现金流，股息是现金流重要来源，Ventas是有吸引力的股息投资标的和投资机会 [1][2][7] 投资收益与股息 - 投资者希望投资组合获高回报，收益型投资者主要关注流动资产产生稳定现金流 [1] - 现金流可来自债券利息、其他投资利息和股息，股息是公司向股东分配收益，股息收益率衡量股息占当前股价百分比，学术研究表明股息构成长期回报很大部分，很多情况下超总回报三分之一 [2] Ventas公司情况 基本信息 - Ventas总部位于芝加哥，属金融行业，年初以来股价变化16.56% [3] 股息情况 - 公司目前每股股息0.48美元，股息收益率2.8%，REIT和股权信托 - 其他行业收益率5.27%，标普500收益率1.67% [3] - 公司当前年化股息1.92美元，较去年增长6.7%，过去5年股息同比增长1次，年均增幅0.37%，未来股息增长取决于盈利增长和派息率，当前派息率56% [4] 盈利预期 - 2025年Zacks共识预期每股收益3.44美元，同比盈利增长率7.84% [5] 股息投资总结 - 投资者因多种原因喜欢股息，如提高股票投资利润、降低投资组合风险和有税收优势，但并非所有公司都提供季度派息 [6] - 高增长公司或科技初创公司很少提供股息，大型成熟盈利稳定公司是最佳股息选择，高收益股票在利率上升期表现不佳，Ventas不仅是有吸引力的股息投资，也是有吸引力的投资机会，Zacks评级为2（买入） [7]