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Ventas, Inc. (VTR) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

SEC Filings

Ventas Inc

CIK: 740260 Ticker: VTR
 
 Exhibit 99.1

Ventas Reports 2019 Fourth Quarter and Full Year Results and Provides 2020 Outlook

CHICAGO--(BUSINESS WIRE)--February 20, 2020--Ventas, Inc. (NYSE: VTR) (the “Company”) today announced its results for the fourth quarter and full year ended December 31, 2019.

“In 2019, we benefitted from our diverse high-quality portfolio, earnings accretion from external growth and effective capital markets execution to deliver solid enterprise results. Our Medical Office, Healthcare and Research & Innovation portfolios grew and performed well. While our Senior Housing business experienced challenges, we are taking actions to improve performance and position Ventas for success and growth,” said Debra A. Cafaro, Ventas Chairman and CEO.

“As we enter 2020, our team is sharply focused on achieving our goals and delivering value for our stakeholders. As we look ahead, we are well-positioned to benefit from the expected improvement in senior housing fundamentals, the opening and lease-up of our exciting Research & Innovation ground-up developments, reliable performance from our Office and Healthcare portfolios and the positive impact of investments and capital markets activities,” Cafaro added.

Full Year and Fourth Quarter 2019 Results

For the full year and fourth quarter 2019, the Company delivered on its enterprise expectations. Fourth quarter 2019 Normalized Funds from Operations (“FFO”) per share included $0.01 of fees and a cash tax refund that will not carry over into 2020. Reported per share results were:

 


Year Ended December 31, 2019

 


2019

 

2018

 

$ Change

 

% Change

Net income attributable to common stockholders


$1.17

 

$1.14

 

$0.03

 

2.6%

Nareit FFO


$3.88

 

$3.64

 

$0.24

 

6.6%

Normalized FFO


$3.85

 

$4.07

 

($0.22)

 

(5.4%)









 

 


Quarter Ended December 31, 2019

 


2019

 

2018

 

$ Change

 

% Change

Net income attributable to common stockholders


$0.03

 

$0.17

 

($0.14)

 

(82.4%)

Nareit FFO


$0.94

 

$0.81

 

$0.13

 

16.0%

Normalized FFO


$0.93

 

$0.96

 

($0.03)

 

(3.1%)

Full Year and Fourth Quarter 2019 Property Results

For the full year 2019, the Company’s same-store total property portfolio (1,096 assets that qualified as same-store for the full 2018 to 2019 years) cash net operating income (“NOI”) was stable compared to the same period in 2018. ­For the fourth quarter 2019, the Company’s quarterly same-store total property portfolio (1,102 assets, representing 93 percent of the company’s consolidated assets) cash NOI declined 0.6 percent compared to the same period in 2018. Reported full year 2019 same-store cash NOI performance, for each segment and the Company’s overall portfolio, was in line with the Company’s most recently provided guidance ranges. Same-store cash NOI results for the quarter and year follow:


The following information was filed by Ventas Inc (VTR) on Thursday, February 20, 2020 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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Inside Ventas Inc's 10-K Annual Report:

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
2017 Acquisitions (Details)
2017 Dispositions Activity (Details)
2018 Acquisitions (Details)
2018 Dispositions Activity (Details)
Accounting For Historic And New Markets Tax Credits (Details)
Accounting For Real Estate Acquisitions (Details)
Accounting Policies
Accounting Policies (Policies)
Accounting Policies (Tables)
Acquisitions Of Real Estate Property
Acquisitions Of Real Estate Property 2019 Acquisitions (Details)
Assets Held For Sale And Impairment (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Concentration Of Credit Risk
Concentration Of Credit Risk (Details)
Concentration Of Credit Risk (Tables)
Concentration Of Credit Risk - Senior Living Operations (Details)
Concentration Of Credit Risk - Triple-Net Leased Properties (Details)
Concentration Of Risk (Minimum Rents) (Details)
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)
Deferred Financing Costs (Details)
Description Of Business
Description Of Business (Details)
Dispositions
Dispositions (Tables)
Dispositions 2019 Dispositions Activity (Details)
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)
Gain On The Sale Of Assets (Details)
Income Taxes
Income Taxes (Narrative) (Details)
Income Taxes (Reconciliation Of Income Taxes) (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)
Income Taxes Subsequent Event (Details)
Intangibles
Intangibles (Details)
Intangibles (Goodwill) (Details)
Intangibles (Tables)
Investments In Unconsolidated Entities
Investments In Unconsolidated Entities (Details)
Loans Receivable And Investments
Loans Receivable And Investments 2018 Activity (Details)
Loans Receivable And Investments 2019 Activity (Details)
Loans Receivable And Investments Loans Receivable And Investments (Tables)
Loans Receivables And Investments (Details)
Loans Receivables And Investments (Details) 2
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)
Permanent And Temporary Equity Permanent And Temporary Equity (Accumulated Other Comprehensive Loss) (Details)
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited) (Summarized Unaudited Consolidated Quarterly Information) (Details)
Quarterly Financial Information (Unaudited) (Tables)
Recently Issued Or Adopted Accounting Standards (Details)
Redeemable Op Unitholder And Noncontrolling Interests (Details)
Related Party Transactions
Related Party Transactions (Details)
Revenue Recognition (Details)
Schedule Of Vies (Details)
Segment Information
Segment Information (Assets) (Details)
Segment Information (Capital Expenditures) (Details)
Segment Information (Geographic Information) (Details)
Segment Information (Income Statement By Segment) (Details)
Segment Information (Narrative) (Details)
Segment Information (Tables)
Segments (Details)
Senior Notes And Other Debt
Senior Notes And Other Debt (Credit Facilities And Unsecured Term Loans) (Details)
Senior Notes And Other Debt (Derivatives And Hedging (Details)
Senior Notes And Other Debt (Mortgages) (Details)
Senior Notes And Other Debt (Scheduled Maturities) (Details)
Senior Notes And Other Debt (Senior Notes) (Details)
Senior Notes And Other Debt (Summary Of Senior Notes Payable And Other Debt) (Details)
Senior Notes And Other Debt (Tables)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Ticker: VTR
CIK: 740260
Form Type: 10-K Annual Report
Accession Number: 0000740260-20-000042
Submitted to the SEC: Fri Feb 21 2020 7:52:51 PM EST
Accepted by the SEC: Mon Feb 24 2020
Period: Tuesday, December 31, 2019
Industry: Real Estate Investment Trusts

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