Ventas (VTR) Tops Q1 EPS by 4c, Revenues Beat; FY19 EPS Mid-Point Guidance Above Consensus
Ventas (NYSE: VTR) reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $942.87 million versus the consensus estimate of $918.25 million.
“Ventas delivered a strong start to 2019, consistent with our expectations. We achieved solid property-level growth from our high quality real estate, with our expanding university-based Research & Innovation portfolio going from strength to strength as we invest in this dynamic business. And with excellent capital markets execution, we further enhanced our robust balance sheet,” said Debra A. Cafaro, Ventas Chairman and CEO.
“Our collaborative, skilled and cohesive team is intently focused on executing on our 2019 strategy and our pivot to growth,” Cafaro added.
GUIDANCE:
Ventas sees FY2019 EPS of $1.23-$1.38, versus the consensus of $1.29.
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