Ventas said NNN segment NOI for the quarter ended June 30, 2026 decreased $27.0 million from the same period a year earlier. It cited a decrease in rental income from senior housing communities converted to its SHOP segment of $22.1 million and a decrease in rental income from dispositions of $5.9 million as the main factors.

10-QQuarterly reportFiled Jul 30, 2026Period of report Jun 30, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

Ventas said NNN segment NOI for the quarter ended June 30, 2026 decreased $27.0 million from the same period a year earlier. It cited a decrease in rental income from senior housing communities converted to its SHOP segment of $22.1 million and a decrease in rental income from dispositions of $5.9 million as the main factors.
The company recognized an income tax benefit of $25.6 million for the quarter ended June 30, 2026, and said the benefit was mainly due to the reversal of valuation allowances recorded against the net deferred tax assets of certain of its TRS entities.
Ventas said the 3.75% Exchangeable Senior Notes due 2026 that it issued on June 2023 matured on June 2026. It said it settled the principal in cash of $856.1 million and settled the conversion premium by issuing 5.9 million shares of common stock.
For the quarter ended June 30, 2026, the company entered into equity forward sales agreements under its ATM Program for a total of 20.9 million shares, with an aggregate value of $1.8 billion. It settled 20.8 million shares and received net cash proceeds of $1.7 billion.

Key figures

Quarter ended June 30, 2026

Revenue: $1.7B
Net income: $72M
EPS: $0.14

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

NNN Segment NOI Decline in June 30, 2026 Quarter

Ventas said NNN segment NOI for the quarter ended June 30, 2026 decreased $27.0 million from the same period a year earlier. It cited a decrease in rental income from senior housing communities converted to its SHOP segment of $22.1 million and a decrease in rental income from dispositions of $5.9 million as the main factors.

Source · Based on the MD&A text of the filing

Quarterly Income Tax Benefit of $25.6 million

The company recognized an income tax benefit of $25.6 million for the quarter ended June 30, 2026, and said the benefit was mainly due to the reversal of valuation allowances recorded against the net deferred tax assets of certain of its TRS entities.

Source · Based on the MD&A text of the filing

Settlement of Exchangeable Notes at Maturity

Ventas said the 3.75% Exchangeable Senior Notes due 2026 that it issued on June 2023 matured on June 2026. It said it settled the principal in cash of $856.1 million and settled the conversion premium by issuing 5.9 million shares of common stock.

Source · Based on the MD&A text of the filing

Quarterly ATM Program Forward Sales Agreements and Settlement

For the quarter ended June 30, 2026, the company entered into equity forward sales agreements under its ATM Program for a total of 20.9 million shares, with an aggregate value of $1.8 billion. It settled 20.8 million shares and received net cash proceeds of $1.7 billion.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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