Ventas Inc. (VTR): 2Q26 First Take: Acquisitions heat up, as does competition for deals

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Ventas Inc. (VTR): 2Q26 First Take: Acquisitions heat up, as does competition for deals

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Disclosures

The rating(s) for Ventas Inc. is/are relative to the other companies in its/their coverage universe: Alexandria Real Estate Equities Inc., American

Homes 4 Rent, BXP Inc., Brixmor Property Group, Broadstone Net Lease Inc., CBRE Group, Camden Property Trust, Colliers Intl Group, Cushman &

Wakefield Ltd., Essential Properties Realty Trust, Essex Property Trust Inc., Extra Space Storage Inc., First Industrial Realty Trust, Gaming and Leisure

Properties Inc., Hudson Pacific Properties Inc., Invitation Homes Inc., Janus Living Inc., Jones Lang LaSalle Inc., Kilroy Realty Corp., Kimco Realty Corp.,

Lineage Inc., Macerich Co., Mid-America Apartment Communities, Millrose Properties Inc., National Healthcare Properties Inc., Newmark Group,

Omega Healthcare Investors Inc., Phillips Edison & Co., Public Storage Inc., SL Green Realty Corp., Safehold Inc., Simon Property Group, Tanger Inc.,

Terreno Realty Corp., UDR Inc., VICI Properties Inc., Ventas Inc., Vornado Realty Trust

Company-specific regulatory disclosures

The following disclosures relate to relationships between The Goldman Sachs Group, Inc. (with its affiliates, “Goldman Sachs”) and companies covered

by Goldman Sachs Global Investment Research and referred to in this research.

Goldman Sachs had a non-securities services client relationship during the past 12 months with: Ventas Inc. ($97.72)

Goldman Sachs makes a market in the securities or derivatives thereof: Ventas Inc. ($97.72)

Distribution of ratings/investment banking relationships