Investor Presentaiton
Financial Information: FFO and FAD Reconciliation1
In thousands, except per share amounts; dollars in
USD; totals may not add due to rounding
Note: Nareit FFO excluding the following income and expense
items (which may be recurring in nature): (i) Deal Costs; (ii)
the impact of any expenses related to asset impairment and
valuation allowances, the write-off of unamortized deferred
financing fees, or additional costs, expenses, discounts,
make whole payments, penalties or premiums incurred as a
result of early retirement or payment of the Company's debt;
(iii) the non-cash effect of income tax benefits or expenses,
the non-cash impact of changes to the Company's executive
equity compensation plan, derivative transactions that have
non-cash mark to market impacts on the Company's income
statement and non-cash charges related to leases; (iv) the
financial impact of contingent consideration, severance-
related costs and charitable donations to the Ventas
Charitable Foundation; (v) gains and losses for non-
operational foreign currency hedge agreements and changes
in the fair value of financial instruments; (vi) gains and losses
on non-real estate dispositions and other unusual items
related to unconsolidated entities; (vii) net expenses or
recoveries related to natural disasters; and (viii) any other
incremental items set forth in the Normalized FFO
reconciliation included herein."
(1)
(2)
Per share quarterly amounts may not add to annual per
share amounts due to material changes in the Company's
weighted average diluted share count, if any.
Potential common shares are not included in the computation
of diluted earnings per share when a loss from continuing
operations exists as the effect would be an antidilutive per
share amount.
Net income (loss) attributable to common stockholders
Net income (loss) attributable to common stockholders per share 2
Adjustments:
Depreciation and amortization on real estate assets
Depreciation on real estate assets related to noncontrolling interests
Depreciation on real estate assets related to unconsolidated entities
Gain on real estate dispositions
(Loss) gain on real estate dispositions related to noncontrolling interests
Gain on real estate dispositions related to unconsolidated entities
Subtotal: FFO adjustments
Subtotal: FFO adjustments per share
FFO (Nareit) attributable to common stockholders
FFO (Nareit) attributable to common stockholders per share
Adjustments:
Change in fair value of financial instruments
Non-cash income tax (benefit) expense
Loss on extinguishment of debt, net
Loss on transactions related to unconsolidated entities
Transaction expenses, deal costs and re-audit costs
Amortization of other intangibles
Other items related to unconsolidated entities
Non-cash impact of changes to equity plan
Natural disaster (recoveries) expenses, net
Allowance on loan investments and impairment of unconsolidated entities, net of noncontrolling interests
Subtotal: Normalized FFO adjustments
Subtotal: Normalized FFO adjustments per share
Normalized FFO attributable to common stockholders
Normalized FFO attributable to common stockholders per share
Weighted average diluted shares
A
VENTASⓇ
2016
Q1
2019
Q4
$
$
148,980
0.44
$ 11,443 $
$
0.03
2021
Q4
(40,854)
$
(0.10)
234,726
(2,075)
1,989
347,371
(3,682)
311
317,936
(4,561)
4,781
(26,184)
(1,389)
(24,705)
(536)
(11)
(395)
77
207,920
342,205
293,528
$
0.61 $
0.91 $
0.73
$ 356,900
$
353,648
$
252,674
$
1.05
$
0.94
$
0.63
(79)
(22)
19,975
(9,157)
314
1,330
(5,880)
39
2,888
19
2,511
3,254
5,089
22,214
438
121
226
374
348
1,165
(2,288)
(10,704)
340
(59)
$
696969
$
(5,230)
(0.02) $
351,670 $
(2,589)
40,275
(0.01)
$
0.10
351,059
$
292,949
$
1.04 $
0.93 $
0.73
339,202
376,453
403,108
46View entire presentation