Ventas Reports Second-Quarter Earnings; Making the Most of the Market
Ventas reported second-quarter performance, resulting in normalized funds from operations of $1.04 per share on a comparable basis, up 7% from a year ago. Overall, same-store cash net operating income was up 3.5% for the quarter, year over year, on particularly strong growth in its triple net leased portfolio of 6.2% (4.1% excluding a cash fee from Kindred). The senior housing operating portfolio grew same-store cash NOI 2.1% on a rate-driven strategy, with revenue per occupied room growth of 3....Ventas is a real estate investment trust with a portfolio of seniors housing, research and innovation, and healthcare properties located throughout the United States, Canada and the United Kingdom. The company has three segments: triple-net leased properties, which invests in and owns seniors housing and healthcare properties and leases those properties to healthcare operating companies under triple-net or absolute-net leases; senior living operations, which invests in seniors housing communities and engages independent operators to manage those communities; and office operations, which acquires, owns, develops, leases and manages medical office buildings and research and innovation centers.
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