Ventas Q2 Normalized FFO $0.87 (+9% YoY); SHOP Same-Store NOI +13%; guidance raised

Ventas, Inc.

2025-Q2 EPS reported $0.25 revenue$2,778,967,000

Attributable Net Income per share $0.15; Normalized FFO per share $0.87, +9% YoY.
Total Company NOI +14% YoY; Same-Store Cash NOI +7%.
SHOP Same-Store Cash NOI +13% YoY with 130 bps margin expansion.
YTD closed $1.1B senior housing investments; settled 16.4M shares for $1.1B gross proceeds.
Full year 2025 guidance improved and updated; expected investment volume increased.

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