Ventas' Q3 FFO Meet Estimates on Higher Same-Store NOI, View Raised

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Ventas, Inc. VTR reported third-quarter 2024 normalized funds from operations (FFO) per share of 80 cents, in line with the Zacks Consensus Estimate. The reported figure increased 6.7% from the prior-...

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The reported figure increased 6.7% from the prior-...</p>\n\n<a href=\"https://finance.yahoo.com/news/ventas-q3-ffo-meet-estimates-174900933.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ventas' Q3 FFO Meet Estimates on Higher Same-Store NOI, View Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVentas' Q3 FFO Meet Estimates on Higher Same-Store NOI, View Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 01:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ventas-q3-ffo-meet-estimates-174900933.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ventas, Inc. VTR reported third-quarter 2024 normalized funds from operations (FFO) per share of 80 cents, in line with the Zacks Consensus Estimate. The reported figure increased 6.7% from the prior-...</p>\n\n<a href=\"https://finance.yahoo.com/news/ventas-q3-ffo-meet-estimates-174900933.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4528","symbol_name":"SaaS概念","start_time":0,"source_url":"https://finance.yahoo.com/news/ventas-q3-ffo-meet-estimates-174900933.html","article_id":"2480656950","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/cJ7Tfg7ljIEMGiDFsviYYw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/afe95824683969079aeba27c8210bd37"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480656950","pubTimestamp":1730396940,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Ventas, Inc. VTR reported third-quarter 2024 normalized funds from operations  per share of 80 cents, in line with the Zacks Consensus Estimate. The reported figure increased 6.7% from the prior-year quarter’s tally.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect better-than-anticipated revenues. Ventas’ same-store cash net operating income  increased year over year on strong performance in the senior housing operating portfolio , outpatient medical and research  portfolio and triple-net leased properties. The company has improved its 2024 outlook.VTR reported revenues of $1.24 billion in the third quarter, which beat the Zacks Consensus Estimate of $1.21 billion. The figure increased 7.5% on a year-over-year basis.Per Debra A. Cafaro, the chairman and CEO of Ventas, “Ventas delivered another strong quarter executing on our focused strategy to capture the unprecedented multiyear growth opportunity in senior housing. We drove occupancy and revenu","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4528":"SaaS概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4532":"文艺复兴科技持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4225":"医疗保健房地产信托","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4203":"医疗保健房地产投资信托","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4566":"资本集团","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4524":"宅经济概念","VTR":"芬塔公司","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4116":"互联网服务与基础架构","BK4588":"碎股","BK4551":"寇图资本持仓","SHOP":"Shopify Inc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","DOC":"Healthpeak Properties, Inc","WELL":"WELLTOWER OP LLC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4548":"巴美列捷福持仓"},"translate_title":"Ventas第三季度FFO符合同店NOI较高的预期，观点上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WELL":1,"VTR":1,"SHOP":1,"DOC":1},"content_text":"Ventas, Inc. VTR reported third-quarter 2024 normalized funds from operations (FFO) per share of 80 cents, in line with the Zacks Consensus Estimate. The reported figure increased 6.7% from the prior-year quarter’s tally.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nResults reflect better-than-anticipated revenues. Ventas’ same-store cash net operating income (NOI) increased year over year on strong performance in the senior housing operating portfolio (SHOP), outpatient medical and research (OM&R) portfolio and triple-net leased properties. The company has improved its 2024 outlook.\nVTR reported revenues of $1.24 billion in the third quarter, which beat the Zacks Consensus Estimate of $1.21 billion. The figure increased 7.5% on a year-over-year basis.\nPer Debra A. Cafaro, the chairman and CEO of Ventas, “Ventas delivered another strong quarter executing on our focused strategy to capture the unprecedented multiyear growth opportunity in senior housing. We drove occupancy and revenue outperformance and double-digit NOI growth in our senior housing operating portfolio, supported by broad-based demand.\"\nVentas’ Quarter in Detail\nIn the reported quarter, same-store cash NOI for the total property portfolio (1,191 assets) increased 7.6% to $461.3 million from the prior-year quarter.\nSegment-wise, the same-store cash NOI for the SHOP (488 assets) climbed 15.3% year over year to $193.6 million. Higher occupancy of 87.0% compared to 83.5% recorded for the year-ago quarter and revenue per occupied room (RevPOR) growth of 4.4% resulted in a margin expansion of 150 basis points (bps), aiding the rise in the segment’s same-store cash NOI.\nFor the OM&R portfolio (416 assets), same-store cash NOI improved 2.1% year over year to $134.2 million, while the cash NOI margin of 65.4% decreased 50 bps over the same period.\nThe triple-net leased portfolio’s (287 assets) same-store cash NOI rose 3.2% year over year to $133.5 million.\nPortfolio Activity\nFrom the start of the year to Oct. 30, 2024, VTR closed $1.4 billion of senior housing investments, with an additional $300 million under contract and expected to close by year-end.\nBalance Sheet Position\nVentas exited the third quarter of 2024 with cash and cash equivalents of $1.1 billion, up from $557.1 million as of June 30, 2024.\nMoreover, it ended the quarter with $4 billion of liquidity and a net debt to further adjusted EBITDA ratio of 6.3, declining by 0.1 quarter over quarter.\n2024 Outlook\nVentas improved its guidance for 2024.\nIt now expects 2024 normalized FFO per share in the range of $3.14-$3.18, revised from $3.12-$3.18 guided earlier. The Zacks Consensus Estimate for the same is currently pegged at $3.18, which stands within the guided range.\nThe total same-store cash NOI growth is now estimated between 6.75% and 8%, up from 6.5%-8% projected earlier. The SHOP segment's same-store cash NOI is now anticipated between 14% and 16%, up from the prior guidance of 13-16%.\nThe OM&R portfolio segment's same-store cash NOI remained unchanged at 2.75-3.25%, and the estimation for triple-net leased segment’s same-store cash NOI, too, remained unrevised at 1.5-2%.\nVentas currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\n\nVentas, Inc. Price, Consensus and EPS Surprise\n\nVentas, Inc. price-consensus-eps-surprise-chart | Ventas, Inc. Quote\n\nPerformance of Other Healthcare REITs\nHealthpeak Properties, Inc. DOC reported a third-quarter 2024 FFO as adjusted per share of 45 cents, beating the Zacks Consensus Estimate by a penny. The reported figure remained unchanged from the prior-year quarter.\nResults reflected better-than-anticipated revenues. Growth in total merger-combined same-store cash (adjusted) NOI was witnessed across the portfolio. However, higher interest expenses undermine the results to an extent. The company revised its 2024 outlook.\nWelltower Inc. WELL reported a third-quarter 2024 normalized FFO per share of $1.11, which surpassed the Zacks Consensus Estimate of $1.04. The reported figure improved 20.7% year over year.\nResults reflected a rise in revenues on a year-over-year basis. The total portfolio same-store net operating income (SSNOI) increased year over year, driven by the SSNOI growth in the senior housing operating portfolio. The company also raised its guidance for 2024.\nNote: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nVentas, Inc. (VTR) : Free Stock Analysis Report\nHealthpeak Properties, Inc. (DOC) : Free Stock Analysis Report\nWelltower Inc. (WELL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480656950"}