Investor Presentaiton

Land & Buildings is Not Acting in the Best Interest of Shareholders A VENTAS L&B abruptly changed course with respect to its initial nomination of Michelle Applebaum... ☑ Board determined Ms. Applebaum, a retired steel industry sell-side analyst, did not meet Board's qualifications Ms. Applebaum is a repeat L&B nominee ☑ ... and L&B has proposed NO new ideas for Ventas, and its criticisms are already being addressed... Investor communications Capital allocation Shareholder engagement ✓ Implemented significant IR and disclosure enhancements following shareholder feedback Additional disclosures underway Long track record of disciplined and successful capital allocation, including $3.7B of strategic investments in 2021 Took senior housing actions, led by Justin Hutchens, including enhancing analytical capabilities, implementing Right Asset, Right Market, Right Operator TM strategy ☑ Senior housing portfolio now positioned to capitalize on post-COVID recovery, including demographic tailwinds and limited supply ✓ L&B itself emphasized that Ventas has a “superior, better positioned portfolio" as compared to Welltower and that Ventas is “positioned to benefit from strong demographics"¹ which can only be the result of Ventas's capital allocation decisions Ventas attempted to engage constructively with L&B over several months Robust, multi-year engagement program with many shareholders ✓ Regular proactive outreach to top 50 shareholders, representing -70% of outstanding shares (1) Land & Buildings Presentation 4/6/22 41

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