Ventas, Inc. (VTR) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 9, 2023 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks：

Call Participants:

BJ Grant - Senior Vice President-Investor Relations

Debra Cafaro - Chairman and Chief Executive Officer

Justin Hutchens - Executive Vice President, Senior Housing and Chief Investment Officer

Bob Probst - Executive Vice President and Chief Financial Officer

Nick Joseph - Citi - Analyst

Nick Yulico - Scotiabank - Analyst

Jim Camrick - Evercore - Analyst

Mike Mueller - JPMorgan - Analyst

Conor Siversky - Wells Farg - Analyst

Steven Valiquette - Barclays - Analyst

Michael Carroll - RBC Capital Markets - Analyst

Juan Sanabria - BMO Capital Markets - Analyst

Tayo Okusanya - Credit Suisse - Analyst

Ronald Kamdem - Morgan Stanley - Analyst

John Pawlowski - Green Street - Analyst

Austin Worsmith - KeyBanc Capital Markets - Analyst

Operator

Hello and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Ventas First Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to BJ Grant, Senior Vice President of Investor Relations. Please go ahead.

BJ Grant

Thanks, Regina. Good morning, everyone, and welcome to the first -- Ventas First Quarter Financial Results Conference Call.

Yesterday, we issued our first quarter earnings release, supplemental investor package and presentation materials 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 factors 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 be also discussed on this call and for a reconciliation of these measures to the most closely comparable GAAP measures, please refer to our supplemental posted on the Investor Relations website.

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

Debra Cafaro

Thanks, BJ, and good morning to all of our shareholders and other participants. Welcome to the Ventas First Quarter 2023 Earnings Call. I'm excited to speak with you today as we recap an outstanding first quarter underscore the momentum we have across our large and diverse enterprise and reaffirm our full year normalized FFO guidance of $2.90 to $3.04 per share.