During the 2024 fiscal year, Ventas made $2.0 billion in investments, including 50 senior housing communities in its SHOP segment and 5 long-term acute care facilities in its NNN segment for an aggregate purchase price of $1.9 billion, and sold assets for aggregate consideration of $315.1 million.

1. 01

   During the 2024 fiscal year, Ventas made $2.0 billion in investments, including 50 senior housing communities in its SHOP segment and 5 long-term acute care facilities in its NNN segment for an aggregate purchase price of $1.9 billion, and sold assets for aggregate consideration of $315.1 million.

2. 02

   The company cited gains in occupancy and revenue per occupied room, the addition of newly acquired communities and conversions from its NNN segment as drivers of the 2024 increase in SHOP segment NOI, and attributed the NNN segment increase to acquisitions of $18 million and a net increase in contractual rent escalators of $10 million.

3. 03

   Ventas said interest expense increased $28.7 million in 2024, net of higher capitalized interest of $3.3 million, with a weighted average effective interest rate of 4.41% for 2023 compared to 4.23% and weighted average debt outstanding of $13.5 billion for 2023 compared to $13.1 billion.

4. 04

   The company said cash flows from operations increased $209.8 million in 2024, cash used in investing activities increased $2.2 billion and net cash provided by financing activities increased $2.0 billion. As of December 31, 2024, undrawn capacity under its unsecured revolving credit facility was $2.74 billion.

Key figures

Fiscal year ended December 31, 2024

Revenue

$4.9B

Net income

$88M

EPS

$0.19

Operating cash flow

$1.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.