Ventas falls on $677 mln equity offering

Ventas

14/11/2024 14:24

**  
  
    
      
    
    part of forward sale
  
    ** Offering prices at $63.90, a razor thin 0.8% discount to
stock's last close
  
    ** REIT enters into 1-year forward sale agreement with
underwriter Wells Fargo
  
    ** Upon settlement of agreement, co to use net proceeds for
  
    ** Ventas has ~419.4 mln shares outstanding for ~$27 bln
market cap, per LSEG
  
    ** Through Weds, stock up 29% YTD and up ~45% over the past
12 months
  
    ** In comparison, S&P 500 Real Estate index  .SPLRCR  up ~8%
in 2024 and up ~25% over the past year
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))