Jun 30, 2023

Ventas Q2 2023 Earnings Report

Ventas delivered strong Q2 results driven by organic property growth and positive contributions from all businesses.

Key Takeaways

Ventas reported strong second quarter results with broad-based organic property growth across its diverse portfolio. All businesses contributed positively to total company performance, and the company demonstrated the significant competitive advantage of its scale and access to attractively priced capital.

Net Income per share of $0.26

Normalized FFO per share of $0.75

Total Company Net Operating Income year-over-year growth of 7.9%

Total Company Same-Store Cash NOI year-over-year growth of 7.0%

Total Revenue
$1.11B
Previous year: $1.02B
+8.1%
EPS
$0.75
Previous year: $0.72
+4.2%
Gross Profit
$482M
Previous year: $447M
+7.8%
Cash and Equivalents
$139M
Previous year: $127M
+9.1%
Total Assets
$25.1B
Previous year: $24.6B
+1.8%

Ventas

Ventas

Ventas Revenue by Segment

Forward Guidance

The Company confirmed its full year enterprise outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income