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Ventas Inc (VTR.N)

VTR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln
Friday, 30 Jun 2017 09:02pm EDT 

June 30 (Reuters) - Ventas Inc :Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 million to facilitate kindred healthcare’s exit from its skilled nursing segment.Ventas skilled nursing portfolio will represent only one percent of net operating income upon sale.Kindred expects closings of sale of Ventas SNFs to occur in phases, beginning in Q3 of 2017 and completed by year end 2017.  Full Article

Kindred reaches agreement with BM Eagle to sell its skilled nursing facility business for $700 mln
Friday, 30 Jun 2017 08:55pm EDT 

June 30 (Reuters) - Kindred Healthcare Inc :Kindred announces definitive agreement to divest skilled nursing facility business.Total value to kindred will approximate $910 million.Kindred will retain working capital, owned Las Vegas nursing center and hospital-based sub-acute units.Expects phased transaction closings to begin in Q3 of 2017 and be completed by year end 2017.Kindred expects phased transaction closings to begin in Q3 of 2017 and be completed by year end 2017.Following sale, annual rent expense to be reduced by about $88 million, annual capex to be reduced by about $30 million.Following sale, annual noncontrolling interests payments will be reduced by approximately $18 million.Signed agreement with bm eagle under which will sell company's skilled nursing facility business for $700 million in cash.Expects to realize net value of approximately $210 million, subject to post-closing adjustments, and after $700 million payment to ventas."Expect exiting skilled nursing facility business will increase kindred's annual cash flow by approximately $20 million to $30 million".Signed definitive agreement with BM Eagle Holdings to sell company's skilled nursing facility business.Guggenheim securities is acting as financial advisor to kindred.Company estimates accounting change will reduce Q2 reported core EBITDAR from continuing operations by approximately $35 million.  Full Article

Ventas prices Cdn$275 mln of senior notes due 2023
Thursday, 25 May 2017 05:20pm EDT 

May 25 (Reuters) - Ventas Inc :Ventas prices cdn$275 million of 2.55% senior notes due 2023.Ventas inc - ‍notes will mature on march 15, 2023​.Ventas inc - interest on notes will be payable semi-annually on march 15 and september 15 of each year, commencing on september 15, 2017.  Full Article

Ventas Inc says units entered into a second amended and restated credit and guaranty agreement - sec filing
Friday, 28 Apr 2017 07:55am EDT 

April 28 (Reuters) - Ventas Inc :Ventas Inc - on April 25 units entered into a second amended and restated credit and guaranty agreement - SEC filing.Ventas - new credit agreement provides for $3.0 billion unsecured revolving credit facility, evidences $200 million unsecured term loan facility maturing in 2018.Ventas Inc- new credit agreement replaces company's existing unsecured credit facility.Ventas Inc - new credit agreement also evidences$800 million unsecured term loan facility maturing in 2019.Ventas Inc - aggregate borrowing capacity under new credit agreement may be increased, at borrowers' option, to up to $3.75 billion.Ventas Inc - revolving credit facility matures on April 25, 2021.Ventas Inc - 2018 term facility matures on January 31, 2018, and 2019 term facility matures on January 31, 2019.  Full Article

Ventas Inc Q1 EPS $0.44 from continuing operations
Friday, 28 Apr 2017 07:01am EDT 

April 28 (Reuters) - Ventas Inc :Ventas reports 2017 first quarter results.Q1 earnings per share $0.44 from continuing operations.Ventas Inc says 2017 guidance consistent with previously announced company expectations.Ventas Inc says expects to invest in future growth by funding approximately $350 million in development and redevelopment projects for full year 2017.Qtrly normalized funds from operations per diluted common share totaled $1.03.Q1 FFO per share view $1.02 -- Thomson Reuters I/B/E/S.Ventas Inc - company's Q1 2017 same-store total portfolio (1,175 assets) cash NOI growth was 3.9 percent compared to same period in 2016..2017 guidance confirmed.Fy2017 FFO per share view $4.17 -- Thomson Reuters I/B/E/S.  Full Article

Ventas announces pricing of senior notes
Wednesday, 22 Mar 2017 04:59pm EDT 

Ventas Inc : Ventas announces pricing of senior notes . Ventas Inc - Pricing of public offering of $400 million aggregate principal amount of 3.10% senior notes due 2023 .Ventas Inc - Pricing of public offering of $400 million aggregate principal amount of 3.85% senior notes due 2027.  Full Article

Ventas Inc says buys medical campus in Rhode Island
Tuesday, 14 Mar 2017 05:56pm EDT 

Ventas Inc : Says purchased life science, research and medical campus in Providence, Rhode Island from affiliates of Blackstone Real Estate Partners VIII . Expects investment to be accretive to 2017 normalized funds from operations per share . Ventas funded transaction using cash on hand and other capital sources .Deal for nearly $130 million.  Full Article

Care Capital Properties Q4 adjusted FFO per share $0.71
Tuesday, 28 Feb 2017 07:40am EST 

Care Capital Properties Inc : Care Capital properties reports fourth quarter and full year 2016 results . Q4 adjusted FFO per share $0.71 . Sees FY 2017 adjusted FFO per share $2.80 to $2.90 . Care Capital Properties Inc says NAREIT FFO is expected to range from $2.73 to $2.83 per diluted common share for 2017 . Care Capital Properties Inc says NAREIT FFO is expected to range from $2.73 to $2.83 per diluted common share for year . FY2017 FFO per share view $2.82 -- Thomson Reuters I/B/E/S .Q4 FFO per share view $0.71 -- Thomson Reuters I/B/E/S.  Full Article

Ventas sees FY 2017 adjusted FFO per share $4.12 to $4.18
Tuesday, 10 Jan 2017 07:01am EST 

Ventas Inc : Ventas comments on full year 2016 expectations and issues preliminary 2017 outlook . Sees 2017 adjusted FFO per share $4.12 to $4.18 . Ventas Inc - issues preliminary 2017 outlook . Ventas Inc - expects to achieve 2016 normalized ffo per share approximating high-end of previous guidance range . Ventas Inc - same-store cash flow growth, portfolio enhancement and financial strength expected to continue in 2017 . Ventas Inc - full year 2016 same-store cash noi growth is expected to be within its prior guidance of 2.5 to 3 percent . Fy2016 FFO per share view $4.13 -- Thomson Reuters I/B/E/S . Fy2017 FFO per share view $4.31 -- Thomson Reuters I/B/E/S . Ventas Inc sees total company full year 2017 same-store cash noi growth of 1.5 to 2.5 percent .Ventas Inc sees strategic dispositions totaling $900 million in 2017, including $700 million in proceeds in second half of year.  Full Article

Kindred announces agreements with Ventas Inc
Monday, 14 Nov 2016 07:00am EST 

Kindred Healthcare Inc : Kindred Healthcare Inc - expect our exit from skilled nursing facility business to be accretive to earnings . Kindred Healthcare Inc - expect after-tax net proceeds from sale of assets will range from $100 million to $300 million after transaction costs . Kindred Healthcare Inc - expect to apply anticipated net proceeds to reduce funded debt . Kindred Healthcare Inc - will continue to operate ventas properties as it works to sell them to new owners/operators .Press release - kindred announces agreements with ventas facilitating strategic exit from skilled nursing facility business.  Full Article

BRIEF-Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln

* Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 million to facilitate kindred healthcare’s exit from its skilled nursing segment