Ventas reports Q3 2025 Normalized FFO $0.88 (+10% YoY); raises full-year guidance

Ventas, Inc.

2025-Q3 EPS reported $0.40 revenue$4,267,963,000

Net Income Attributable to Common Stockholders per share $0.14 in Q3 2025.
Normalized FFO per share $0.88, up 10% YoY; Total Company Same-Store Cash NOI grew 8% YoY.
SHOP Same-Store Cash NOI grew 16% YoY on 8% revenue growth and 200 bps margin expansion.
Closed $2.2B of senior housing investments YTD Oct 2025; settled 31.3M shares for $2.1B gross via forward sales.
Full-year 2025 guidance raised due to strong SHOP performance and closed investments.

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