CHICAGO–(BUSINESS WIRE)–July 18, 2022–
Ventas, Inc. (NYSE: VTR) announced today that Fitch Ratings (“Fitch”) has revised its rating outlook for Ventas to Stable from Negative and affirmed Ventas’ issuer credit rating of “BBB+”. . In revising Ventas’ outlook, Fitch notes that the operating performance of Ventas’ senior housing operating portfolio is expected to continue to accelerate, as evidenced by continued gains in rental growth and occupancy. Fitch believes the seniors’ housing portfolio is positioned for a strong recovery, driven by attractive growth in the over-80 population, leading to increased move-ins and a favorable supply environment.
Fitch notes the benefits of Ventas’ diverse portfolio, approximately 30% of which consists of high-quality medical office buildings, primarily on campus, and life sciences properties anchored by more than 17 leading research universities and high credit. Fitch also cites Ventas’ strong liquidity position with minimal debt maturing until 2023 and management’s commitment to sound financial policy.
Fitch’s full report on Ventas is available at www.fitchratings.com.
Ventas Inc., an S&P 500 company, operates at the intersection of two large and dynamic sectors: healthcare and real estate. Fueled by strong demographic demand related to the growing aging population, Ventas has a diverse portfolio of over 1,200 properties in the United States, Canada and the United Kingdom. Ventas uses the power of its capital to unlock the value of retirement homes; life sciences, research and innovation properties; medical practices and ambulatory care facilities, hospitals and other healthcare real estate. A globally recognized real estate investment company, Ventas follows a successful long-term strategy, proven over more than 20 years, based on diversification of property types, sources of capital and key industry partners, financial strength and flexibility. , consistent and reliable growth and industry leadership. ESG achievements, managed by a collaborative and experienced team dedicated to its stakeholders.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among other things, statements of expectations, beliefs, future plans and strategies, expected results of operations and developments and other matters that are not historical facts. Forward-looking statements include, but are not limited to, statements about our intentions, beliefs or expectations and those of our management, as identified by the use of words such as “may”, “will”, “plan”, “will”. expects”, “believes”, “intends”, “anticipates”, “seeks”, “targets”, “anticipates”, “plans”, “potential”, “opportunity”, “estimates”, “could” , “should”, “should” and other comparable terms and derivatives or their negatives.
Forward-looking statements are based on the beliefs of management as well as a number of assumptions regarding future events. You should not place undue reliance on these forward-looking statements, which are not guarantees of performance and are subject to a number of uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements. research statements. We do not undertake to update these forward-looking statements, which speak only as of the date they are made. You are urged to carefully review the disclosures we provide regarding risks and uncertainties that could affect our business and future financial performance, including those set forth below and in our filings with the Securities and Exchange Commission, as in the sections titled “Cautions – Summary of Risk Factors”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2021 and “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.
Certain factors that could affect our future results and our ability to achieve our stated objectives include, but are not limited to: (a) the impact of the ongoing COVID-19 pandemic and its broader consequences, including Delta, of Omicron or any other variant, on our revenues, level of profitability, liquidity and overall risk exposure, and on the implementation and impact of regulations related to the CARES Act and other stimulus legislation and any future COVID-19 relief measures; (b) our ability to realize the anticipated benefits and synergies of our acquisitions and investments, and to integrate them effectively, including our acquisition of New Senior Investment Group Inc.; (c) our exposure and the exposure of our tenants, managers and borrowers to complex health care and other regulations, and the challenges and expenses associated with complying with such regulations; (d) the potential for large general and commercial claims, legal actions, regulatory proceedings or enforcement actions that could expose us or our tenants, managers or borrowers to increased operating costs and uninsured liabilities; (e) the impact of market and general economic conditions, including economic and financial market events, inflation, changes in interest rates, supply chain pressures, events that affect consumer confidence, our occupancy rates and resident fee revenues, and the actual and perceived state of real estate, labor and public capital markets; (f) our ability, and the ability of our tenants, managers and borrowers, to navigate trends impacting our or their businesses and the industries in which we or they operate; (g) the risk of bankruptcy, insolvency or financial deterioration of our tenants, managers, borrowers and other debtors and our ability to successfully seize collateral securing our loans and other investments in the event of borrower default; (h) our ability to identify and complete future investments or disposals of healthcare assets and to effectively manage our portfolio opportunities and our investments in co-investment vehicles, joint ventures and minority interests; (i) risks related to development, redevelopment and construction projects; (j) our ability to attract and retain talented employees; (k) the significant limitations and requirements imposed on our business by reason of our REIT status and the adverse consequences (including possible loss of our REIT status) that would result if we were unable to comply; (l) the risk of changes in health care laws or regulations or tax laws, guidelines and interpretations, particularly applied to REITs, which could affect us or our tenants, managers or borrowers; (m) increases in our borrowing costs resulting from increased leverage or changes in interest rates and the phasing out of LIBOR rates; (n) our reliance on third parties to operate the majority of our assets and our limited control and influence over those operations and results; (o) our dependence on a limited number of tenants and managers for a significant portion of our revenues and results of operations; (p) the adequacy of insurance coverage provided by our policies and policies maintained by our tenants, managers or other counterparties; (q) the occurrence of cyber incidents that could disrupt our operations, result in the loss of confidential information, or damage our business relationships and reputation; (r) the impact of merger, acquisition and investment activities in the healthcare sector or otherwise affecting our tenants, managers or borrowers; (s) disruptions to the management and operations of our business and uncertainties caused by activist investors; and