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Ventas, Inc. (VTR) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Ventas Inc

CIK: 740260 Ticker: VTR
Exhibit 99.1

 Ventas Reports 2021 First Quarter Results

CHICAGO--(BUSINESS WIRE)--May 7, 2021--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today reported results for the first quarter ended March 31, 2021.

“Our strong, diverse and high-quality portfolio delivered better than expected financial results in the first quarter, driven by outperformance in our Senior Housing Operating Portfolio (“SHOP”) and the reliable performance of our Office and Triple-Net (“NNN”) businesses,” said Debra A. Cafaro, Ventas Chairman and CEO.

“Most importantly, led by a 280 basis point increase in our U.S. communities, occupancy in SHOP improved by 190 basis points from pandemic lows in mid-March through the end of April. We have experienced dramatic benefits in resident health and safety from the broad and effective roll out of vaccines earlier in the first quarter. With leads continuing to gain traction, and all our communities open to new move-ins, March and April were the first two consecutive months since the onset of COVID-19 when move-ins exceeded both pre-pandemic levels and move-outs. This improvement, while still in its early stages, demonstrates resilient demographic demand for senior housing and the essential care and socialization available to residents in our communities. These factors provide the basis for the powerful upside that lies ahead in senior housing and for Ventas as an industry leader.

“We are optimistic about our ongoing initiatives to recycle capital to further enhance the quality of our portfolio, fund new investment opportunities and maintain financial strength and flexibility. The emerging momentum in SHOP, combined with our high-quality portfolio, leading operators and partners and experienced leadership, position Ventas to win the recovery,” Cafaro concluded.

First Quarter 2021 Results
(per share)

For the first quarter 2021, reported per share results were:

 

Quarter Ended March 31

 

2021

2020

$ Change

% Change

Net Income (Loss) Attributable to Common Stockholders

($0.15)

$1.26

($1.41)

(112%)

Nareit FFO Attributable to Common Stockholders (“Nareit FFO”)*

$0.67

$1.31

($0.64)

(49%)

Normalized FFO Attributable to Common Stockholders (“Normalized FFO”)*

$0.72

$0.97

($0.25)

(26%)

*

This is a non-GAAP financial measure. Refer to the Non-GAAP Financial Measures Reconciliation tables at the end of this press release and our first quarter 2021 supplemental for additional information and a reconciliation to the most directly comparable GAAP measure.


The following information was filed by Ventas Inc (VTR) on Friday, May 7, 2021 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

Cover
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 - 2021 Activity (Details)
Loans Receivable And Investments - Loans Receivable And Investments - (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: 0000740260-21-000101
Submitted to the SEC: Fri May 07 2021 5:03:17 PM EST
Accepted by the SEC: Fri May 07 2021
Period: Wednesday, March 31, 2021
Industry: Real Estate Investment Trusts

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