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Ventas Inc (VTR) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

Ventas Inc

CIK: 740260 Ticker: VTR

Exhibit 99.1

Ventas Reports 2015 Fourth Quarter and Full Year Results

  • Reported 2015 Normalized FFO of $4.47 Per Diluted Share; Nine Percent Growth over 2014 on a Comparable Basis; Ahead of Prior $4.43-$4.46 Guidance
  • Reported Q4 2015 Normalized FFO of $1.03 Per Diluted Share; Seven Percent Growth on a Comparable Basis
  • 2015 Portfolio Same-Store Cash Net Operating Income Grows 3.8 Percent
  • 2016 Normalized FFO Guidance Range Set at $4.07 to $4.15 Per Diluted Share, Representing Three to Five Percent Comparable Growth
  • Board of Directors Declares Regular First Quarter 2016 Dividend of $0.73 Per Share

CHICAGO--(BUSINESS WIRE)--February 12, 2016--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that reported normalized Funds From Operations (“FFO”) per diluted common share was $4.47 for the year ended December 31, 2015. Reported normalized FFO for the year ended December 31, 2015 was $1.5 billion. Weighted average diluted shares outstanding for the full year increased to 334.0 million, compared to 296.7 million in 2014.

Reported normalized FFO per diluted common share was $1.03 for the fourth quarter of 2015. Fourth quarter 2015 reported normalized FFO was $346.3 million, compared to $342.2 million for the 2014 period.

These current and prior period reported results include in discontinued operations normalized FFO from the 355 properties that are now owned by Care Capital Properties, Inc. (“CCP”) (NYSE:CCP). The spin-off of CCP as an independent, publicly traded company (the “Spin-Off”) was successfully completed on August 17, 2015. Ventas’s full year 2015 reported results include normalized FFO from those properties for the period January 1 to August 17, 2015.

Normalized FFO for the year ended December 31, 2015 grew 9 percent on a comparable basis (“Comparable”), which adjusts all current and prior periods for the effects of the Spin-Off as if the Spin-Off were completed January 1, 2014. Full-year 2015 Comparable normalized FFO totaled $1.3 billion or $3.95 cents per diluted share. Normalized FFO for the fourth quarter of 2015 grew 7 percent compared to the fourth quarter 2014 on a Comparable basis.

Track Record of Excellence Demonstrated in 2015

“Ventas continued its long track record of consistent outperformance with another exceptional year in 2015,” Ventas Chairman and Chief Executive Officer Debra A. Cafaro said. “Our innovative and value creating spin-off of Care Capital Properties improved the quality of our diversified portfolio and our acquisition of the hospital real estate network of Ardent, a top ten hospital operator, advanced our strategy of building a formidable business in the large, growing and fragmented acute care space. At the same time, the Company delivered superior results to shareholders through 9 percent Comparable FFO per share growth and a 10 percent dividend increase (combined with CCP).

“The Ventas advantage combines our outstanding people, our leading operating partners and our diversified, high quality properties. This unique advantage has enabled us to lead the market and deliver results for shareholders for almost two decades, and gives us confidence that we will sustain our record of excellence into 2016 and beyond,” Cafaro added.


The following information was filed by Ventas Inc (VTR) on Friday, February 12, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii: Valuation And Qualifying Accounts
Schedule Ii: Valuation And Qualifying Accounts (details)
Schedule Iii: Real Estate And Accumulated Depreciation
Schedule Iii: Real Estate And Accumulated Depreciation (properties) (details)
Schedule Iii: Real Estate And Accumulated Depreciation (rollforward) (details)
Schedule Iv - Real Estate Mortgage Loans
Schedule Iv - Real Estate Mortgage Loans (details)
Schedule Iv - Real Estate Mortgage Loans (mortgage Loan Reconciliation) (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Income
Accounting Policies
Accounting Policies (business Combinations) (details)
Accounting Policies (impairment & Other) (details)
Accounting Policies (policies)
Accounting Policies (recently Issued Or Adopted Accounting Standards) (details)
Accounting Policies (redeemable Op Unitholder And Noncontrolling Interests) (details)
Acquisitions Of Real Estate Property
Acquisitions Of Real Estate Property (details)
Acquisitions Of Real Estate Property (estimated Fair Value) (details)
Acquisitions Of Real Estate Property (tables)
Acquisitions Of Real Estate Property (unaudited Pro Forma) (details)
Borrowing Arrangements
Borrowing Arrangements (derivatives And Hedging (details)
Borrowing Arrangements (fair Value Adjustment) (details)
Borrowing Arrangements (mortgages) (details)
Borrowing Arrangements (scheduled Maturities) (details)
Borrowing Arrangements (senior Notes) (details)
Borrowing Arrangements (summary Of Senior Notes Payable And Other Debt) (details)
Borrowing Arrangements (tables)
Borrowing Arrangements (unsecured Revolving Credit Facility And Unsecured Term Loans) (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Concentration Of Credit Risk
Concentration Of Credit Risk (details)
Concentration Of Credit Risk (minimum Rents) (details)
Concentration Of Credit Risk (tables)
Condensed Consolidating Information
Condensed Consolidating Information (balance Sheet) (details)
Condensed Consolidating Information (cash Flow Statement) (details)
Condensed Consolidating Information (comprehensive Income Statement) (details)
Condensed Consolidating Information (income Statement) (details)
Condensed Consolidating Information (tables)
Description Of Business
Description Of Business (details)
Dispositions
Dispositions (ccp Balance Sheet) (details)
Dispositions (details)
Dispositions (real Estate Assets Held For Sale) (details)
Dispositions (results Of Operations) (details)
Dispositions (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Values Of Financial Instruments
Fair Values Of Financial Instruments (details)
Fair Values Of Financial Instruments (tables)
Income Taxes
Income Taxes (reconciliation Of Income Taxes) (details)
Income Taxes (rollforward Of Valuation Allowances) (details)
Income Taxes (tables)
Income Taxes (tax Effects Of Temporary Differences And Carryforwards Included In Net Deferred Tax Liabilities) (details)
Income Taxes (tax Treatment Of Distributions And Consolidated Benefit For Income Taxes) (details)
Income Taxes (unrecognized Tax Benefits) (details)
Intangibles
Intangibles (details)
Intangibles (goodwill) (details)
Intangibles (tables)
Investments In Unconsolidated Entities
Investments In Unconsolidated Entities (details)
Litigation
Litigation (details)
Loans Receivable And Investments
Loans Receivable And Investments (details)
Loans Receivable And Investments (tables)
Other Assets
Other Assets (details)
Other Assets (tables)
Permanent And Temporary Equity
Permanent And Temporary Equity (details)
Permanent And Temporary Equity (redeemable Op Unitholder And Noncontrolling Interest) (details)
Permanent And Temporary Equity (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (restatement Amounts For Discontinued Operations Adjustment) (details)
Quarterly Financial Information (unaudited) (summarized Unaudited Consolidated Quarterly Information) (details)
Quarterly Financial Information (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Segment Information
Segment Information (assets And Capital Expenditures) (details)
Segment Information (geographic Information) (details)
Segment Information (income Statement By Segment) (details)
Segment Information (narrative) (details)
Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (tables)
Ticker: VTR
CIK: 740260
Form Type: 10-K Annual Report
Accession Number: 0000740260-16-000201
Submitted to the SEC: Fri Feb 12 2016 4:59:29 PM EST
Accepted by the SEC: Fri Feb 12 2016
Period: Thursday, December 31, 2015
Industry: Real Estate Investment Trusts

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