earnings
confidence high
sentiment positive
materiality 0.70
Ventas Q1: Net loss $(0.04)/shr; Normalized FFO $0.78 (+5% YoY); guides up
Ventas, Inc.
2024-Q1 EPS reported
-$0.04
revenue$1,199,914,000
- Normalized FFO per share $0.78, up >5% YoY; net loss $(0.04) per share.
- Total Company Same-Store Cash NOI +6.7% YoY; SHOP same-store NOI +>15% (U.S. +~18%).
- Closed or under contract ~$350M in senior housing investments; issued 2.1M ATM shares for $94M.
- Raised Cdn$650M 5.10% Senior Notes due 2029; extended $2.75B revolver to 2028 at improved pricing.
- Full-year 2024 guidance updated and improved, reflecting strong start to the year.