Ventas Q2 2020 Earnings Report
Key Takeaways
Ventas reported a net loss of $157.17 million, or $(0.42) per share, for the second quarter of 2020. Normalized FFO was $0.77 per share. The company's results were significantly impacted by the COVID-19 pandemic, particularly in its senior housing operating portfolio, but were partially offset by strong performance in its Office and Triple-Net Lease segments. Ventas took decisive actions to maintain financial strength, including reaching agreements with its two largest senior housing tenants and adjusting its cost structure.
Ventas achieved strong performance in its Office and Triple-Net Lease segments.
The company focused on the health and safety of its employees and those individuals using its properties.
Ventas took decisive actions to keep the company strong and stable during the pandemic.
Mutually beneficial agreements were reached with the two largest senior housing tenants, providing certainty, flexibility, and upside potential.
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Ventas Revenue by Segment
Forward Guidance
no forward guidance provided in the document
Revenue & Expenses
Visualization of income flow from segment revenue to net income