Ventas Inc

Strong Financial Performance: Ventas reported a full year normalized FFO per share of $3.19 for 2024, reflecting a 7% year-over-year increase. SHOP (Senior Housing Operating Portfolio) same-store cash NOI grew by nearly 16%, marking the third consecutive year of double-digit growth. This surpasses the high end of their previous guidance and indicates robust operational efficiency.

Favorable 2025 Guidance: For 2025, Ventas anticipates normalized FFO per share growth of 7% at the midpoint, driven by continued robust performance in the SHOP segment. The company projects SHOP business will comprise over 50% of overall NOI by year-end 2025, supported by occupancy growth expectations of about 270 basis points.

Increased Dividend: Ventas raised its quarterly dividend to stockholders by 7%, emphasizing their commitment to delivering value to shareholders amid strong performance and growth potential. This is a positive signal of management’s confidence in the company’s financial health and future cash flow.