Ventas Q3: Normalized FFO $0.75 (+6% YoY); SHOP Same-Store NOI +18%; raises FY guidance midpoint

Ventas, Inc.

2023-Q3 EPS reported $0.12 revenue$3,333,435,000

Net loss of ($0.18) per share, including $0.18/share of non-cash impairments on assets held for sale.
Normalized FFO per share $0.75, up 6% YoY excluding prior-year HHS grants.
Total Company Same-Store Cash NOI growth 7.9% YoY; SHOP Same-Store Cash NOI grew >18% (U.S. +24%, Canada +6%).
SHOP occupancy increased; move-ins ~120% of 2019 levels; margin expansion of 230 bps.
Raised midpoint of full-year 2023 Normalized FFO per share guidance (specific figures not provided in excerpt).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ventas, Inc. updated its third quarter ended September 30, 2023 guidance (reaffirmed).

Period: third quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 2, 2023, Ventas, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001157523-23-001633

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