Ventas, Inc. (NYSE:VTR) Q4 2023 Earnings Conference Call February 15, 2024 1:00 PM ET

Company Participants

Bill Grant - SVP, IR

Debra Cafaro - Chairman & CEO

Justin Hutchens - EVP, Senior Housing & CIO

Robert Probst - EVP & CFO

Peter Bulgarelli - EVP, Outpatient Medical & Research

Conference Call Participants

Michael Mueller - JPMorgan Chase & Co.

Nicholas Joseph - Citigroup

Richard Anderson - Wedbush Securities

Ronald Kamdem - Morgan Stanley

Connor Siversky - Wells Fargo Securities

Juan Sanabria - BMO Capital Markets

James Kammert - Evercore ISI

Michael Carroll - RBC Capital Markets

Vikram Malhotra - Mizuho Securities

Nicholas Yulico - Scotiabank

Austin Wurschmidt - KeyBanc Capital Markets

Joshua Dennerlein - Bank of America Merrill Lynch

Michael Stroyeck - Green Street Advisors

Operator

Thank you for standing by, and welcome to the Ventas Fourth Quarter 2023 Earnings Call. I would now like to welcome BJ Grant, Senior Vice President of Investor Relations, to begin the call. BJ, over to you.

Bill Grant

Thank you, Mandeep, and good morning, everyone, and welcome to the Ventas Full Year 2023 Results Conference Call. Yesterday, we issued our full year 2023 earnings release, presentation materials and supplemental investor package, which are available on the Ventas website at ir.ventasreit.com.

As a reminder, remarks today may include forward-looking statements and other matters. Forward-looking statements are subject to risks and uncertainties, and a variety of topics may cause actual results to differ materially from those contemplated in such statements. For a more detailed discussion of those factors, please refer to our earnings release for this quarter and to our most recent SEC filings, all of which are available on the Ventas website.

Certain non-GAAP financial measures will also be discussed on this call, and for a reconciliation of these measures to the most closely comparable GAAP measures, please refer to our supplemental investor package posted on the Investor Relations website.

And with that, I'll turn the call over to Debra Cafaro, Chairman and CEO of Ventas.

Debra Cafaro

Thank you, BJ. I want to welcome all of our shareholders and other participants to the Ventas Fourth Quarter and Full Year 2023 Earnings Call. I'm pleased to share our strong results for 2023, discuss our advantaged position across commercial real estate, driven by large and growing demographic demand and introduce full year 2024 guidance as the senior housing multiyear growth opportunity continues to power our expectations.