Ventas, Inc. - VTR STOCK NEWS

Ventas, Inc. has announced a private offering in Canada, pricing Cdn$475 million of 2.45% Senior Notes due January 4, 2027, and Cdn$300 million of 3.30% Senior Notes due December 1, 2031. The offering, managed by Ventas Canada Finance Limited, is expected to close on December 1, 2021. Proceeds will be used to redeem existing Senior Notes due 2022 and for general corporate purposes. The Notes will not be registered under the Securities Act and are offered only to accredited investors.

Ventas, Inc. (NYSE: VTR) announced participation in investor meetings at Nareit’s REITworld 2021 Investor Conference from November 9 to November 11, 2021. The company will provide written materials on its website on November 9, 2021, and these will be archived temporarily at ir.ventasreit.com/events-and-presentations. Ventas operates over 1,200 properties across the US, Canada, and the UK, focusing on healthcare real estate, driven by demographic demand from an aging population.

Ventas reported strong third-quarter results for 2021, with net income attributable to common stockholders at $0.16, a 433% increase year-over-year. The company achieved $3.7 billion in strategic investments, including the $2.3 billion acquisition of 103 independent living communities. Average occupancy in senior housing rose by 230 basis points sequentially, marking eight consecutive months of growth. Despite challenges, the firm anticipates continued recovery and revenue growth, particularly in their senior living and life science sectors. Liquidity remains robust at $2.2 billion.

Ventas, Inc. (NYSE: VTR) will release its third quarter 2021 earnings on November 5, 2021, before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time. Investors can access the call using the dial-in number (833) 968-1984, or through a live webcast available on the company's investor relations website. Ventas operates approximately 1,300 healthcare-related properties, benefiting from a growing aging population. It aims to deliver consistent cash flows and returns through a diversified portfolio and strategic partnerships.

Ventas, Inc. (NYSE: VTR) has announced the transition of operations for 90 senior living communities impacted by COVID-19 to eight new operators. This strategic shift aims to align the communities with experienced managers focused on the middle market segment, enhancing local market oversight. The transitions are poised to improve net operating income as the industry recovers, especially in regions with positive supply-demand dynamics. However, Ventas will incur one-time transition costs. Most transitions are expected to complete by the end of 2021, subject to customary conditions.

Ventas, Inc. (NYSE: VTR) has successfully acquired New Senior Investment Group Inc. in an all-stock transaction valued at approximately $2.3 billion. New Senior stockholders will receive 0.1561 shares of Ventas common stock for each share they owned. This strategic move is aimed at leveraging the growing demand for senior housing, enhancing Ventas's independent living portfolio. Notably, New Senior's shares will cease trading on the New York Stock Exchange. Ventas did not include any impact from this transaction in their third quarter guidance.

Ventas, Inc. (NYSE: VTR) announced its participation in investor meetings at the BofA Global Real Estate Conference on September 21 and 22, 2021. Written materials from these meetings will be available on the Company’s website starting September 21, 2021 and archived for a limited time.

As an S&P 500 company and a leading Real Estate Investment Trust (REIT), Ventas operates in the healthcare and real estate sectors, leveraging its extensive portfolio and partnerships to generate consistent cash flows. As of June 30, 2021, Ventas owned or had investments in approximately 1,200 properties.

Ventas and New Senior announced the approval of their merger, with New Senior stockholders voting 99.8% in favor. The merger allows New Senior to operate as a subsidiary of Ventas. Under the agreement, New Senior stockholders will receive 0.1561 shares of Ventas stock for each share of New Senior common stock. The transaction is set to close on or around September 21, 2021. Additionally, Ventas stockholders of record as of October 1, 2021, will receive a $0.45 dividend per share on October 14, 2021.

Ventas (NYSE: VTR) has declared a quarterly dividend of $0.45 per common share, set for payment on October 14, 2021. Shareholders of record as of October 1, 2021 will receive the dividend. Ventas, a prominent S&P 500 Real Estate Investment Trust, focuses on healthcare and real estate, managing an extensive portfolio of around 1,200 properties as of June 30, 2021. The company emphasizes its strategy of producing consistent cash flows and returns while partnering with industry leaders.