Upgrade to SI Premium - Free Trial

Ventas (VTR) Misses Q4 EPS by 24c, Revenues Beat

February 20, 2020 7:14 AM

Ventas (NYSE: VTR) reported Q4 EPS of $0.03, $0.24 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $996 million versus the consensus estimate of $969.78 million.

“In 2019, we benefitted from our diverse high-quality portfolio, earnings accretion from external growth and effective capital markets execution to deliver solid enterprise results. Our Medical Office, Healthcare and Research & Innovation portfolios grew and performed well. While our Senior Housing business experienced challenges, we are taking actions to improve performance and position Ventas for success and growth,” said Debra A. Cafaro, Ventas Chairman and CEO.

“As we enter 2020, our team is sharply focused on achieving our goals and delivering value for our stakeholders. As we look ahead, we are well-positioned to benefit from the expected improvement in senior housing fundamentals, the opening and lease-up of our exciting Research & Innovation ground-up developments, reliable performance from our Office and Healthcare portfolios and the positive impact of investments and capital markets activities,” Cafaro added.

For earnings history and earnings-related data on Ventas (VTR) click here.

Categories

Corporate News Earnings Management Comments

Next Articles