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Full Year 2024 Guidance as of May 1, 20241 Net Income and FFO Attributable to Common Stockholders2 (In millions, except per share amounts; dollars in USD; totals may not sum due to rounding; unaudited) |
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| FY 2024 | FY 2024 – Per Share | |||||||
| Low | High | Low | High | |||||
| Net income attributable to common stockholders | $11 | $45 | $0.03 | $0.11 | ||||
| Depreciation and amortization adjustments | 1,214 | 1,214 | 2.95 | 2.95 | ||||
| Nareit FFO attributable to common stockholders | $1,225 | $1,258 | $2.98 | $3.06 | ||||
| Other adjustments3 | 51 | 51 | 0.12 | 0.12 | ||||
| Normalized FFO attributable to common stockholders | $1,276 | $1,309 | $3.10 | $3.18 | ||||
| % Year-over-year growth | 4% | 6% | ||||||
| Weighted average diluted shares (in millions) | 411 | 411 | ||||||
| 1 The Company’s guidance constitutes forward-looking statements within the meaning of the federal securities laws and is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. Actual results may differ materially from the Company’s expectations depending on factors discussed herein and in the Company’s filings with the Securities and Exchange Commission. |
| 2 Totals may not add due to minor corporate-level adjustments. |
| 3 Other adjustments include the categories of adjustments presented in our “Non-GAAP Financial Measures Reconciliation – Funds From Operations Attributable to Common Stockholders (FFO)”. |
Select Guidance Assumptions
- Close ~$350M of investments focused on senior housing (no further investment activity assumed)
- Dispose of assets for $300M in net proceeds
- FAD capital expenditures of ~$250M
- General and administrative expenses expected to approximate $155M at the guidance midpoint
- Interest expense expected to range from $604M to $614M
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NON-GAAP FINANCIAL MEASURES RECONCILIATION Full Year 2024 Guidance as of February 14, 20241 Net Income and FFO Attributable to Common Stockholders2 (In millions, except per share amounts; dollars in USD; totals may not sum due to rounding; unaudited) |
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| FY 2024 | FY 2024 – Per Share | |||||||
| Low | High | Low | High | |||||
| Net income attributable to common stockholders | $0 | $47 | $0.00 | $0.11 | ||||
| Depreciation and amortization adjustments | 1,209 | 1,209 | 2.94 | 2.94 | ||||
| Nareit FFO attributable to common stockholders | $1,209 | $1,256 | $2.94 | $3.05 | ||||
| Other adjustments3 | 53 | 53 | 0.13 | 0.13 | ||||
| Normalized FFO attributable to common stockholders | $1,262 | $1,309 | $3.07 | $3.18 | ||||
| % Year-over-year growth | 3% | 6% | ||||||
| Weighted average diluted shares (in millions) | 411 | 411 | ||||||
