Ventas, Inc. · NYSE:VTR
Ventas — Q2 2015 Earnings Presentation
7 slides from Ventas's earnings presentation, Jul 23, 2015
Slide 1: SEC Reg. G Compliance - Non-GAAP Financial Measures
SEC Reg. G Compliance - Non-GAAP Financial Measures _______________________________________________________________________________________________________________________________________
Slide 2: FFO and FAD Reconciliation
Funds From Operations (FFO) and Funds Available for Distribution (FAD) Reconciliation1 ($ in 000s, except per share amounts) Tentative Estimates Preliminary and Midpoint YOY Subject to Change YOY 2014 2015 Growth FY2015 - Guidance Growth Q2 Q3 Q4 FY Q1 Q2 YTD '14-'15 Low High '14-'15E Net income att
Slide 3: Six Months Ended June 30, 2015 and 2014 Normalized FFO
For the Six Months Ended June 30, 2015 and 2014 Normalized Funds from Operations (FFO) ($ in 000s, except per share amounts) For the Six Months Ended June 30, 2015 2014 Net income attributable to common stockholders $ 270,263 $ 259,445 Adjustments: Depreciation and amortization on real estate assets
Slide 4: Adjusted Pro Forma EBITDA and Net Debt to Adjusted Pro Forma EBITDA
Adjusted Pro Forma1 EBITDA and Net Debt to Adjusted Pro Forma1 EBITDA ($ in 000s) For the Three Months Ended June 30, 2015 March 31, 2015 Net income attributable to common stockholders $ 149,821 $ 120,442 Pro forma adjustments for current period investments, capital transactions and dispositions (2,
Slide 5: Adjusted Pro Forma EBITDA and Fixed Charge Coverage Ratio
Adjusted Pro Forma1 EBITDA and Fixed Charge Coverage Ratio ($ in 000s) For the Trailing Twelve Months Ended June 30, 2015 Net income attributable to common stockholders $ 486,585 Adjustments for current period investments, capital transactions and dispositions 190,021 Pro forma net income for the tr
Slide 6: NOI Reconciliation by Segment
NOI Reconciliation by Segment 1,2 ($ in 000s) NON-GAAP FINANCIAL MEASURES RECONCILIATION NOI by Segment 2015 Quarters 2014 Quarters Second First Fourth Third Second Revenues Triple-Net Triple-Net Rental Income $ 260,562 $ 266,206 $ 245,599 $ 244,206 $ 242,726 Medical Office Buildings Medical Office
Slide 7: NOI Reconciliation by Segment (Continued)
NOI Reconciliation by Segment 1,2 ($ in 000s) (Continued) 2015 Quarters 2014 Quarters Second First Fourth Third Second Property-Level Operating Expenses Medical Office Buildings Medical Office - Stabilized 38,491 36,807 33,331 34,807 33,641 Medical Office - Lease up 3,087 3,242 2,509 2,738 2,733 Med