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CHICAGO - Ventas, Inc. (NYSE: VTR), a $29.1 billion market cap real estate investment trust (REIT) and prominent player in the Health Care REITs industry, has announced the pricing of a public offering of $500 million in senior notes by its subsidiary, Ventas Realty, Limited Partnership. The notes, bearing an interest rate of 5.100%, are set to mature on July 15, 2032, and are being offered at 99.391% of their principal amount.
The offering is expected to close on June 3, 2025, contingent upon customary closing conditions. Ventas Realty’s senior unsecured obligations will be guaranteed by Ventas, Inc. The company plans to allocate the proceeds for general corporate purposes, which may encompass debt repayment and other related expenses. According to InvestingPro data, the company’s total debt stands at $12.9 billion, with a debt-to-equity ratio of 1.13x.
Joint book-running managers for the offering include BofA Securities, Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC. The offering is made through a registration statement and preliminary prospectus supplement filed with the Securities and Exchange Commission (SEC).
Ventas operates in the healthcare real estate sector, managing approximately 1,400 properties across North America and the United Kingdom. The company’s portfolio is diversified, comprising senior housing communities, medical office buildings, research centers, and healthcare facilities. With revenue of $5.1 billion and 10.4% year-over-year growth, Ventas has maintained dividend payments for 27 consecutive years, currently yielding 3%.
This press release contains forward-looking statements regarding the company’s plans and expectations, which are subject to various factors and uncertainties that could cause actual results to differ. Ventas disclaims any obligation to update these forward-looking statements, and investors are advised to review the company’s SEC filings for a more comprehensive understanding of risks and uncertainties. Based on InvestingPro analysis, Ventas is currently trading above its Fair Value. For deeper insights and access to the comprehensive Pro Research Report covering Ventas and 1,400+ other stocks, visit InvestingPro.
The information in this article is based on a press release statement from Ventas, Inc.
In other recent news, Ventas Inc. reported its Q1 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of 10 cents, compared to the forecast of 9 cents. Revenue also exceeded projections, reaching $1.36 billion against the anticipated $1.32 billion. Despite these positive results, Ventas’ stock declined following broader market trends. The company also increased its full-year investment guidance from $1 billion to $1.5 billion, reflecting confidence in its growth strategy. Ventas anticipates that its Senior Housing Operating Portfolio will represent over 50% of its net operating income by year-end. Additionally, Ventas announced plans to present at the upcoming Nareit’s REITweek 2025 Investor Conference, as part of its ongoing efforts to engage with investors. The company has made a business update available on its website ahead of the conference. These developments highlight Ventas’s strategic initiatives and market positioning in the real estate investment trust sector.
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