Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) has declared a quarterly dividend of $0.45 per share, payable in cash on July 14, 2020 to stockholders of record on July 1, 2020. The second quarter dividend amount represents a 43 percent reduction from the first quarter dividend of $0.7925 per share.

“To further our commitment to maintaining a strong balance sheet, liquidity and financial flexibility, the Ventas Board has declared a second quarter dividend of 45 cents per share. Today’s announcement continues the proactive, prudent and transparent actions the Company has taken, including conserving capital and reducing organizational costs, in response to the COVID-19 pandemic and associated macro uncertainty,” said Debra A. Cafaro, Ventas Chairman and CEO.

“In our Senior Housing Operating Portfolio, leading indicators are improving, including move-ins and leads, and certain senior housing operators are planning to open many of our communities to a more robust resident experience by early July. However, as a result of COVID-19, our Senior Housing Operating Portfolio occupancy continues to decline, and costs are higher, the combination of which is having a material effect on our financial results. Ventas continues to benefit from its diverse portfolio, with ongoing strength in our Triple-Net Healthcare and Office segments, and we remain well positioned to manage through current conditions and build on our long track record of shareholder value creation,” Cafaro concluded.