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Ventas, Inc. (VTR) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Ventas Inc

CIK: 740260 Ticker: VTR
Exhibit 99.1

Ventas Reports 2020 Second Quarter Results

Provides COVID-19 Business Update

CHICAGO--(BUSINESS WIRE)--August 7, 2020--Ventas, Inc. (NYSE: VTR) (the “Company”) today reported results for the second quarter ended June 30, 2020. The Company also provided an update regarding how its operations and financial condition have been affected by the COVID-19 pandemic.

“Our second quarter results demonstrate the significant benefit of Ventas’s diversified portfolio. We achieved strong performance in our Office and Triple-Net Lease segments, which partially offset the unprecedented impact of the COVID-19 pandemic on our senior housing operating portfolio,” said Debra A. Cafaro, Ventas Chairman and CEO. “During the quarter, we focused on the health and safety of our employees and those individuals using our properties as a first priority. We also took decisive actions to keep Ventas strong and stable and to weather the initial impact of the pandemic. We are also pleased to have reached mutually beneficial agreements with our two largest senior housing tenants, which provide certainty, flexibility and the opportunity for upside participation in the industry’s recovery,” she added.

“Healthcare real estate continues to offer compelling, demographically driven growth potential, and Ventas is well positioned to benefit from these powerful tailwinds. However, the near-term clinical, financial, operational and economic environment remains dynamic and highly uncertain. We are confident that we have the experience, team, operators and diverse portfolio to manage through these uncertainties,” Cafaro concluded.

Justin Hutchens, the Company’s Executive Vice President of Senior Housing, North America, commented, “Second quarter SHOP results were in line with our expectations. Following the significant impact of the COVID-19 pandemic in April, our leading indicators and move-ins showed sustained improvement through the end of the second quarter and into July. Currently, nearly all of our communities are accepting new move-ins and offering a richer living environment for the benefit of seniors and their families. SHOP occupancy in July showed a modest sequential decline, albeit at an improved rate versus the second quarter, because move-ins are still below move-outs. There is resilient demand for senior housing, and we continue to work with our operators to stabilize occupancy and maintain our focus on health and safety.”


The following information was filed by Ventas Inc (VTR) on Friday, August 7, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
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 (Policies)
Accounting Policies (Tables)
Accounting Policies - Accounting For Historic And New Markets Tax Credits (Details)
Accounting Policies - Redeemable Op Unitholder And Noncontrolling Interest (Details)
Accounting Policies - Revenue Recognition (Details)
Accounting Policies - Schedule Of Vies (Details)
Concentration Of Credit Risk
Concentration Of Credit Risk (Tables)
Concentration Of Credit Risk - Narrative (Details)
Concentration Of Credit Risk - Triple-Net Leased Properties (Details)
Description Of Business
Description Of Business (Details)
Description Of Business - Covid-19 Update (Details)
Dispositions
Dispositions (Tables)
Dispositions - Dispositions - (Details)
Dispositions - Real Estate Assets Held For Sale (Details)
Earnings Per Common Share
Earnings Per Common Share (Details)
Earnings Per Common Share (Tables)
Fair Values Of Financial Instruments
Fair Values Of Financial Instruments (Details)
Fair Values Of Financial Instruments (Tables)
Income Taxes
Income Taxes (Details)
Intangibles
Intangibles (Details)
Intangibles (Tables)
Investments In Unconsolidated Entities
Investments In Unconsolidated Entities (Details)
Litigation
Loans Receivable And Investments
Loans Receivable And Investments (Details)
Loans Receivable And Investments (Tables)
Loans Receivable And Investments - Loans Receivable And Investments - (Details)
Loans Receivable And Investments 2020 Activity (Details)
Other Assets
Other Assets (Details)
Other Assets (Tables)
Segment Information
Segment Information (Tables)
Segment Information - Capital Expenditures (Details)
Segment Information - Income Statement (Details)
Segment Information - Narrative (Details)
Segment Information - Revenue And Net Real Estate Property (Details)
Senior Notes Payable And Other Debt
Senior Notes Payable And Other Debt (Tables)
Senior Notes Payable And Other Debt - Credit Facilities, Commerical Paper And Unsecured Term Loans (Details)
Senior Notes Payable And Other Debt - Indebtedness Of Maturities (Details)
Senior Notes Payable And Other Debt - Senior Notes (Details)
Senior Notes Payable And Other Debt - Summary Of Senior Notes Payables And Other Debt (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Capital Stock (Details)
Stockholders' Equity - Summary Of Accumulated Other Comprehensive Income (Details)
Ticker: VTR
CIK: 740260
Form Type: 10-Q Quarterly Report
Accession Number: 0000740260-20-000135
Submitted to the SEC: Fri Aug 07 2020 9:27:25 PM EST
Accepted by the SEC: Mon Aug 10 2020
Period: Tuesday, June 30, 2020
Industry: Real Estate Investment Trusts

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