FX.co ★ Ventas Q1 Nariet FFO Increases

Ventas, Inc. (VTR) disclosed in the recent announcement that the Funds from Operations (FFO), as dictated by the National Association of Real Estate Investment Trusts (NAREIT), for the first quarter was $292.9 million. This translates to $0.73 per share, with a minor decline compared to last year's $294.4 million, also equating to $0.73 per share.

The normalized FFO reported was $316.6 million, or $0.78 per share, marking a notable increase from $296.9 million or $0.74 per share recorded last year.

Ventas reported a loss of $14.3 million, or $0.04 per share, drawing a stark contrast to the profit of $17.5 million, or $0.04 per share, seen in the same quarter of the previous year.

Analysts surveyed by Thomson Reuters had estimated an average loss of $0.33 per share. However, the company's revenue has seen growth, rising to $1.2 billion from the previous $1.07 billion.

For the fiscal year 2024, Ventas anticipates a NAREIT FFO in the range of $2.98 to $3.06 per share, and the normalized FFO to be between $3.10-$3.18 a share. The company also projects earnings to fluctuate between $0.03 and $0.11 per share for the same period.