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A VENTAS Ventas , Inc. 353 North Clark Street , Suite 3300 Sarah Whitford Contact : ( 877 ) 4 - VENTAS Chicago , Illinois 60654 Ventas Reports 2021 First Quarter Results CHICAGO ( May 7 , 2021 ) - Ventas , Inc. ( NYSE : VTR ) ( " Ventas " or the " Company " ) today reported results for the first quarter ended March 31 , 2021 . " Our strong , diverse and high - quality portfolio delivered better than expected financial results in the first quarter , driven by outperformance in our Senior Housing Operating Portfolio ( " SHOP " ) and the reliable performance of our Office and Triple Net ( " NNN " ) businesses , " said Debra A. Cafaro , Ventas Chairman and CEO . " Most importantly , led by a 280 basis point increase in our U.S. communities , occupancy in SHOP improved by 190 basis points from pandemic lows in mid - March through the end of April . We have experienced dramatic benefits in resident health and safety from the broad and effective roll out of vaccines earlier in the first quarter . With leads continuing to gain traction , and all our communities open to new move - ins , March and April were the first two consecutive months since the onset of COVID - 19 when move - ins exceeded both pre - pandemic levels and move - outs . This improvement , while still in its early stages , demonstrates resilient demographic demand for senior housing and the essential care and socialization available to residents in our communities . These factors provide the basis for the powerful upside that lies ahead in senior housing and for Ventas as an industry leader . " We are optimistic about our ongoing initiatives to recycle capital to further enhance the quality of our portfolio , fund new investment opportunities and maintain financial strength and flexibility . The emerging momentum in SHOP , combined with our high - quality portfolio , leading operators and partners and experienced leadership , position Ventas to win the recovery , " Cafaro concluded . First Quarter 2021 Results ( per share ) For the first quarter 2021 , reported per share results were : Net Income ( Loss ) Attributable to Common Stockholders Nareit FFO Attributable to Common Stockholders ( " Nareit FFO " ) * ( 877 ) 4 - VENTAS www.ventasreit.com Normalized FFO Attributable to Common Stockholders ( " Normalized FFO " ) * 2021 ( $ 0.15 ) $ 0.67 $ 0.72 Quarter Ended March 31 2020 $ Change $ 1.26 ( $ 1.41 ) ( $ 0.64 ) ( $ 0.25 ) $ 1.31 $ 0.97 % Change ( 112 % ) ( 49 % ) ( 26 % ) This is a non - GAAP financial measure . Refer to the Non - GAAP Financial Measures Reconciliation tables at the end this press release and our first quarter 2021 supplemental for additional information and a reconciliation to the most directly comparable GAAP measure .