Sep 30, 2020

Ventas Q3 2020 Earnings Report

Ventas' third quarter results in 2020 were affected by the COVID-19 pandemic but driven by a strong portfolio, steady performance in Office and Triple-Net Healthcare, and stable income in Senior Housing Operating Portfolio.

Key Takeaways

Ventas reported solid third quarter results driven by the company's diverse portfolio and stable income from their Senior Housing Operating Portfolio. Significant arrangements were made with Brookdale, and the Research and Innovation business was driven forward with a $1 billion investment. Resident move-ins exceeded move-outs in October, showing sustained improvement.

Third quarter results were affected by the COVID-19 pandemic.

Solid performance driven by strong and diverse portfolio.

Significant arrangements reached with Brookdale, largest tenant.

Resident move-ins exceeded move-outs in October.

Total Revenue
$919M
Previous year: $983M
-6.5%
EPS
$0.75
Previous year: $0.96
-21.9%
Gross Profit
$423M
Previous year: $521M
-18.7%
Cash and Equivalents
$588M
Previous year: $148M
+297.4%
Total Assets
$24.2B
Previous year: $24.8B
-2.4%

Ventas

Ventas

Ventas Revenue by Segment

Forward Guidance

Recent clinical and economic trends remain dynamic and highly uncertain and will continue to affect our Senior Housing Operating Portfolio results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income