Ventas said it posted a net loss attributable to common stockholders of $0.04 per share for Q1 2024, compared with net income of $0.04 per share a year earlier, and Normalized FFO of $0.78 per share, up 5% from $0.74 a year earlier.

1. 01

   Ventas said it posted a net loss attributable to common stockholders of $0.04 per share for Q1 2024, compared with net income of $0.04 per share a year earlier, and Normalized FFO of $0.78 per share, up 5% from $0.74 a year earlier.

2. 02

   The company said SHOP Same-Store Cash NOI rose 15.2% year over year, and SHOP Same-Store average occupancy rose 240 basis points year over year. It said Total Company Same-Store Cash NOI grew 6.7%.

3. 03

   The company set its full-year 2024 Normalized FFO outlook at $3.10 to $3.18 per share. Its prior outlook as of February 14, 2024 was $3.07 to $3.18 per share. The midpoint changed from $3.125 to $3.14.

4. 04

   Ventas said it issued Cdn$650 million of 5.10% Senior Notes due 2029 in March, and in April it extended its $2.75 billion unsecured revolving credit facility to 2028. It said it had closed or was under contract on about $350 million of senior housing investments year to date. Liquidity was $3.4 billion as of March 31, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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