Ventas Management

Management criteria checks 3/4

Ventas' CEO is Deb Cafaro, appointed in Mar 1999, has a tenure of 25.67 years. total yearly compensation is $13.52M, comprised of 8% salary and 92% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $56.61M. The average tenure of the management team and the board of directors is 9.2 years and 5.3 years respectively.

Key information

Deb Cafaro

Chief executive officer

US$13.5m

Total compensation

CEO salary percentage	8.0%
CEO tenure	25.7yrs
CEO ownership	0.2%
Management average tenure	9.2yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Deb Cafaro's remuneration changed compared to Ventas's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$67m
Jun 30 2024	n/a	n/a	-US$157m
Mar 31 2024	n/a	n/a	-US$73m
Dec 31 2023	US$14m	US$1m	-US$41m
Sep 30 2023	n/a	n/a	US$5m
Jun 30 2023	n/a	n/a	US$77m
Mar 31 2023	n/a	n/a	-US$69m
Dec 31 2022	US$14m	US$1m	-US$47m
Sep 30 2022	n/a	n/a	-US$43m
Jun 30 2022	n/a	n/a	US$16m
Mar 31 2022	n/a	n/a	US$145m
Dec 31 2021	US$14m	US$1m	US$49m
Sep 30 2021	n/a	n/a	US$200m
Jun 30 2021	n/a	n/a	US$152m
Mar 31 2021	n/a	n/a	-US$91m
Dec 31 2020	US$13m	US$948k	US$439m
Sep 30 2020	n/a	n/a	US$340m
Jun 30 2020	n/a	n/a	US$413m
Mar 31 2020	n/a	n/a	US$780m
Dec 31 2019	US$11m	US$1m	US$433m
Sep 30 2019	n/a	n/a	US$484m
Jun 30 2019	n/a	n/a	US$501m
Mar 31 2019	n/a	n/a	US$457m
Dec 31 2018	US$13m	US$1m	US$409m
Sep 30 2018	n/a	n/a	US$740m
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$25m	US$1m	US$1b

Compensation vs Market: Deb's total compensation ($USD13.52M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Deb's compensation has been consistent with company performance over the past year.

CEO

Deb Cafaro (66 yo)

25.7yrs

Tenure

US$13,520,625

Compensation

Ms. Debra A. Cafaro, also known as Deb, J.D., has been the Chief Executive Officer at Ventas, Inc. since March 5, 1999 and has been its Chairman since January 28, 2003. Ms. Cafaro was Chairman at The Econo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Debra Cafaro	Chairman & CEO	25.7yrs	US$13.52m	0.21% $ 56.6m
Robert Probst	Executive VP & CFO	10.1yrs	US$4.92m	0.027% $ 7.2m
J. Hutchens	Executive VP of Senior Housing & Chief Investment Officer	1.8yrs	US$4.39m	0.021% $ 5.8m
Carey Roberts	Executive VP	4.7yrs	US$3.49m	0.019% $ 5.2m
Peter Bulgarelli	Executive Vice President of Outpatient Medical & Research	1.8yrs	US$3.62m	0.014% $ 3.7m
Gregory Liebbe	Senior VP	9.2yrs	no data	0.00054% $ 145.1k
Bhavana Devulapally	Senior VP & Chief Information Officer	5.8yrs	no data	no data
Edmund Brady	Chief Human Resources Officer & Senior VP	10.4yrs	no data	no data
T. Riney	Senior Advisor	5.1yrs	US$3.85m	no data
Brian Wood	Chief Tax Officer & Senior VP	12.8yrs	no data	no data
Christian Cummings	Senior Vice President of Asset Management - Seniors Housing	9.3yrs	no data	no data
Randy Sohanaki	Head of Applications	no data	no data	no data

9.2yrs

Average Tenure

56yo

Average Age

Experienced Management: 0LO4's management team is seasoned and experienced (9.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Debra Cafaro	Chairman & CEO	25.8yrs	US$13.52m	0.21% $ 56.6m
Walter Rakowich	Independent Director	8.4yrs	US$326.49k	0.0053% $ 1.4m
Michael Embler	Independent Director	2.7yrs	US$322.99k	0.00013% $ 34.9k
Matthew Lustig	Independent Director	13.5yrs	US$299.99k	0.0029% $ 792.9k
Joe Rodriguez	Independent Director	less than a year	no data	0.000060% $ 16.1k
Marguerite Nader	Independent Director	4.3yrs	US$324.49k	0.0034% $ 911.2k
Melody Barnes	Independent Director	10.2yrs	US$306.49k	0.0062% $ 1.7m
Theodore Bigman	Independent Director	no data	no data	0.00031% $ 83.3k
Roxanne Martino	Lead Independent Director	8.4yrs	US$329.49k	0.0052% $ 1.4m
Sean Nolan	Independent Director	5.3yrs	US$322.99k	0.0042% $ 1.1m
Sumit Roy	Independent Director	2.1yrs	US$304.49k	0.00065% $ 174.7k
Maurice Smith	Independent Director	3.8yrs	US$327.99k	0.0018% $ 473.1k

5.3yrs

Average Tenure

60yo

Average Age

Experienced Board: 0LO4's board of directors are considered experienced (5.3 years average tenure).

Ventas Management

Management criteria checks 3/4

Key information

Recent management updates

Executive VP & CFO recently sold US$872k worth of stock

Ventas, Inc. Announces Board Changes

Ventas, Inc. Appoints J. Justin Hutchens, Executive Vice President, Senior Housing, to Additional Role of Chief Investment Officer

Ventas, Inc. Announces Board Changes

Ventas, Inc. Appoints Pamela Boneham as Senior Strategic Advisor to Its Ventas Investment Management Platform

Ventas, Inc., Annual General Meeting, Apr 27, 2022

Recent updates

Ventas, Inc. has filed a Follow-on Equity Offering.

Ventas, Inc. Revises Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: FFO per share: US$0.8 (vs US$0.74 in 3Q 2023)

Ventas, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter dividend of US$0.45 announced

Ventas, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.

Ventas, Inc. Declares Third Quarter 2024 Dividend, Payable on October 17, 2024

Ventas, Inc. (NYSE:VTR) acquired Five performing LTAC assets for approximately $190 million.

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Second quarter 2024 earnings released: EPS: US$0.048 (vs US$0.26 in 2Q 2023)

Ventas, Inc. Updates Earnings Guidance for the Full Year 2024

Ventas, Inc. (NYSE:VTR) acquired Magnolia Springs Loveland from Life Care Companies LLC for $13.7 million.

First quarter dividend of US$0.45 announced

Ventas, Inc. Declares Second Quarter 2024 Dividend, Payable on July 18, 2024

Executive VP & CFO recently sold US$872k worth of stock

Ventas, Inc. Updates Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: US$0.035 loss per share (vs US$0.044 profit in 1Q 2023)

Ventas, Inc. to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.45 per share

Fourth quarter dividend of US$0.45 announced

Ventas, Inc. Declares First Quarter 2024 Dividend, Payable on April 18, 2024

Ventas, Inc. Announces Board Changes

New major risk - Revenue and earnings growth

Full year 2023 earnings released: US$0.10 loss per share (vs US$0.12 loss in FY 2022)

Ventas, Inc. Provides Earnings Guidance for the Year 2024

Ventas, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.45 per share at 3.6% yield

Ventas Declares Dividend for the Fourth Quarter 2023, Payable on January 18, 2024

Ventas, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: US$0.18 loss per share (vs US$0.003 profit in 3Q 2022)

Ventas, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.45 per share at 4.2% yield

Ventas, Inc. Declares Third Quarter 2023 Dividend, Payable in Cash on October 12, 2023

Land & Buildings Investment Management Sends Letter to Shareholders of Ventas

Now 21% undervalued after recent price drop

Ventas, Inc. Provides Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.11 loss in 2Q 2022)

Ventas, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.45 per share at 4.0% yield

Ventas, Inc. Declares Second Quarter 2023 Dividend, Payable on July 13, 2023

First quarter 2023 earnings released: EPS: US$0.044 (vs US$0.097 in 1Q 2022)

Ventas, Inc. Provides Earnings Guidance for the Full Year 2023

Full year 2022 earnings released: US$0.12 loss per share (vs US$0.13 profit in FY 2021)

Ventas, Inc. Provides Earnings Guidance for the Year 2023

Now 22% undervalued

Ventas, Inc. Appoints J. Justin Hutchens, Executive Vice President, Senior Housing, to Additional Role of Chief Investment Officer

Ventas, Inc. to Report Q4, 2022 Results on Feb 09, 2023

Upcoming dividend of US$0.45 per share

Ventas Declares Fourth Quarter 2022 Dividend, Payable on January 19, 2023

Third quarter 2022 earnings released: FFO per share: US$0.8 (vs US$0.59 in 3Q 2021)

Ventas, Inc. Provides Revenue Guidance for the Fourth Quarter of 2022

Ventas, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Ventas, Inc. Declares Third Quarter 2022 Dividend, Payable on October 14, 2022

Ventas, Inc. Announces Board Changes

Ventas, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: US$0.11 loss per share (vs US$0.23 profit in 2Q 2021)

Ventas, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.45 per share

Ventas, Inc. Appoints Pamela Boneham as Senior Strategic Advisor to Its Ventas Investment Management Platform

Ventas, Inc. Declares Second Quarter 2022 Dividend, Payable on July 14, 2022

First quarter 2022 earnings released: EPS: US$0.097 (vs US$0.15 loss in 1Q 2021)

Ventas, Inc. (NYSE:VTR) acquired Eating Recovery Center LLC for $40 million.

Land & Buildings Investment Provides Information to Shareholders of Ventas

Ventas, Inc. to Report Q1, 2022 Results on May 05, 2022