earnings
confidence high
sentiment positive
materiality 0.80
Ventas Q1 Net Income $0.04/sh, Normalized FFO $0.74; same-store SHOP NOI +17.4% YoY
Ventas, Inc.
2023-Q1 EPS reported
$0.04
revenue$1,077,245,000
- Net Income per share $0.04; Normalized FFO per share $0.74.
- Total company same-store cash NOI grew 8.1% YoY.
- SHOP same-store cash NOI grew 17.4% YoY, driven by ~8% revenue growth and 200 bps margin expansion.
- Reaffirmed full-year Normalized FFO guidance.
- Excluding prior-year HHS grants of $33M, total company NOI grew 5.8% YoY.