Ventas, Inc. · NYSE:VTR
Ventas — Q4 2014 Earnings Presentation
7 slides from Ventas's earnings presentation, February 2015
Slide 1: SEC Reg. G Compliance - Non-GAAP Financial Measures
SEC Reg. G Compliance - Non-GAAP Financial Measures _______________________________________________________________________________________________________________________________________
Slide 2: Funds From Operations (FFO) and Funds Available for Distribution (FAD) Reconciliation
Funds From Operations (FFO) and Funds Available for Distribution (FAD) Reconciliation1 ($ in 000s, except per share amounts) Tentative Estimates Preliminary and YOY Subject to Change YOY 2013 2014 Growth FY2015 - Guidance Growth Q4 FY Q1 Q2 Q3 Q4 FY '13-'14 Low High '14-'15E Net income attributable
Slide 3: Normalized Funds from Operations (FFO) for Years Ended December 31, 2014 and 2013
For the Years Ended December 31, 2014 and 2013 Normalized Funds from Operations (FFO) ($ in 000s, except per share amounts) For the Years Ended December 31, 2014 2013 Net income attributable to common stockholders $ 475,767 $ 453,509 Adjustments: Depreciation and amortization on real estate assets 8
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 December 31, 2014 September 30, 2014 Net income attributable to common stockholders $ 107,190 $ 109,132 Pro forma adjustments for current period investments, capital transactions and disposit
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 December 31, 2014 Net income attributable to common stockholders $ 475,767 Adjustments for current period investments, capital transactions and dispositions 157,667 Pro forma net income for th
Slide 6: NOI Reconciliation by Segment
NOI Reconciliation by Segment 1,2 ($ in 000s) NON-GAAP FINANCIAL MEASURES RECONCILIATION NOI by Segment 2014 Quarters 2013 Fourth Fourth Third Second First Quarter Revenues Triple-Net Triple-Net Rental Income $ 245,599 $ 244,206 $ 242,726 $ 237,846 $ 232,873 Medical Office Buildings Medical Office -
Slide 7: NOI Reconciliation by Segment (Continued)
NOI Reconciliation by Segment 1,2 ($ in 000s) (Continued) 2014 Quarters 2013 Fourth Fourth Third Second First Quarter Property-Level Operating Expenses Medical Office Buildings Medical Office - Stabilized 33,331 34,807 33,641 33,545 32,296 Medical Office - Lease up 2,509 2,738 2,733 2,783 2,620 Medi