Ventas (VTR) Reports In-Line Q4 FFO
Ventas (NYSE: VTR) reported Q4 FFO of $1.03, in-line with the analyst estimate of $1.03. Revenue for the quarter came in at $895.3 million versus the consensus estimate of $875.65 million.
“Our 2018 forecast reflects our expectation that our high-quality diverse portfolio will continue to grow same-store cash NOI. It incorporates continued strategic actions to create shareholder value over the short and long-term, including $1.5 billion in asset dispositions, inclusive of a potential joint venture on an existing portfolio of senior housing assets and proceeds from the repayment of nearly $850 million of highly profitable loan investments. These disposition proceeds are expected to be redeployed into the repayment of debt, resulting in further improvement of our balance sheet, and investments in future growth in our attractive university-based life science business,” said Cafaro. “While these actions affect 2018 normalized FFO, we are confident they position us to seize opportunities and maintain our leading market position.”
Ventas expects 2018 income from continuing operations per share, NAREIT FFO per share, normalized FFO per share and same-store cash NOI growth to range as follows:
|Full Year 2018 Range|
|Per Diluted Common Share|
|Income from Cont. Ops||$1.34||─||$1.40|
|Full Year 2018 Projected Same-|
|Store Cash NOI Growth|
For earnings history and earnings-related data on Ventas (VTR) click here.