Ventas said normalized FFO per share for Q2 2025 was $0.87, up 9% from $0.80 a year earlier, and attributable net income per share was $0.15, compared with $0.05.

1. 01

   Ventas said normalized FFO per share for Q2 2025 was $0.87, up 9% from $0.80 a year earlier, and attributable net income per share was $0.15, compared with $0.05.

2. 02

   The company said SHOP same-store cash NOI rose 13% year over year in Q2, with cash operating revenue up 8% and NOI margin up 130 basis points. It said that, in Q2 2024, growth excluding a $3 million property tax refund was 15%.

3. 03

   Ventas said it closed $1.1 billion of senior housing investments year to date and raised its 2025 investment volume outlook to $2 billion from the prior estimate of $1.5 billion. It also said it settled 16.4 million shares under forward sales agreements for total proceeds of $1.1 billion, and that $0.7 billion of unsettled forward sales agreements remain outstanding.

4. 04

   Ventas raised its 2025 full-year normalized FFO per share outlook to $3.41 to $3.46 (midpoint $3.44) from $3.36 to $3.46 (midpoint $3.41) on the 5/28/25 basis, and said the new range is on a 7/30/2025 basis.

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

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