Ventas, Inc. · NYSE:VTR
Ventas — Q1 2014 Earnings Presentation
7 slides from Ventas's earnings presentation, May 2014
Slide 1: SEC Reg. G Compliance - Non-GAAP Financial Measures
SEC Reg. G Compliance - Non-GAAP Financial Measures _______________________________________________________________________________________________________________________________________
Slide 2: Funds From Operations (FFO) Reconciliation, Including Non-Cash Items
Funds From Operations (FFO) Reconciliation, Including Non-Cash Items1 ($ in 000s, except per share amounts) Tentative Estimates Preliminary and Midpoint Subject to Change YOY 2013 2014 FY2014 - Guidance Growth Q1 Q2 Q3 Q4 FY Q1 Low High '13-'14E Net income attributable to common stockholders $ 112,1
Slide 3: Normalized Funds from Operations, Three Months Ended March 31, 2014 and 2013
For the Three Months Ended March 31, 2014 and 2013 Normalized Funds from Operations (FFO) ($ in 000s, except per share amounts) For the Three Months Ended March 31, 2014 2013 Net income attributable to common stockholders $ 121,047 $ 112,193 Adjustments: Depreciation and amortization on real estate
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 March 31, 2014 December 31, 2013 Net income attributable to common stockholders $ 121,047 $ 108,440 Pro forma adjustments for current period investments, capital transactions and dispositions
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 March 31, 2014 Net income attributable to common stockholders $ 462,363 Adjustments for current period investments, capital transactions and dispositions 80,475 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 (In thousands) 2014 First 2013 Quarters Quarter Fourth Third Second First Revenues Triple-Net Triple-Net Rental Income $ 237,846 $ 232,873 $ 218,698 $ 213,171 $ 212,534 Medical Office Buildings Me
Slide 7: NOI Reconciliation by Segment (Continued)
NOI Reconciliation by Segment 1,2 ($ in 000s) (Continued) 2014 First 2013 Quarters Quarter Fourth Third Second First Property-Level Operating Expenses Medical Office Buildings Medical Office - Stabilized 36,461 35,126 37,563 34,897 33,389 Medical Office - Lease up 2,847 2,677 2,897 3,166 2,818 Medic