Ventas Inc (VTR) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Exhibit 99.1

Ventas Reports 2016 Fourth Quarter and Full-Year Results

• Strong 2016 Earnings Growth
• Enhanced Balance Sheet and Financial Strength
• Continued Portfolio Optimization and Accelerated Capital Recycling
• First Quarter 2017 Dividend of $0.775 Per Share Declared by Board
• 2017 Guidance Consistent with Preliminary Company Expectations

CHICAGO--(BUSINESS WIRE)--February 10, 2017--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced earnings for the fourth quarter and full year ended December 31, 2016, driven by the Company’s high-quality healthcare, senior living and life science properties and accretive investments:

• Income from continuing operations per diluted common share for the full year 2016 grew 36 percent to $1.59 compared to the same period in 2015. The year-over-year increase was principally due to accretive investments, strong property performance, profits and fees from beneficial transactions and lower transaction costs. For the fourth quarter 2016, income from continuing operations per diluted common share was $0.40.
• Normalized Funds From Operations (“FFO”) for the full year 2016 grew 5 percent to $4.13 per diluted common share on a comparable basis (“Comparable”), which adjusts all prior periods for the effects of the successful spin-off of Care Capital Properties, Inc. (“CCP”) (NYSE: CCP) completed in August 2015. For the fourth quarter 2016, normalized FFO per diluted common share was $1.03.
• Reported FFO per diluted common share, as defined by the National Association of Real Estate Investment Trusts (“NAREIT FFO”), for the full year 2016 grew 1 percent to $4.13 compared to the same period in 2015. The 2015 period includes results through August 17, 2015 of the properties that were spun off to CCP. For the fourth quarter 2016, NAREIT FFO per diluted common share was $1.04.

Track Record of Excellence Continued

“Ventas extended its long track record of excellence and success in 2016, generating strong growth and income from a high-quality diverse portfolio while enhancing its financial strength,” said Chairman and Chief Executive Officer Debra A. Cafaro. “We also delivered 16 percent total shareholder return as our exciting investment in life science and innovation centers and strategic dispositions created additional value. We are confident that demand from an aging population combined with our productive and cohesive team, our leading operator partners and our attractive mix of healthcare, senior living and life science properties will sustain excellence over the long term.