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Sep 30, 2023
Ventas Q3 2023 Earnings Report
Ventas reported a strong third quarter, driven by growth across all business segments and SHOP.
Key Takeaways
Ventas delivered a strong third quarter with SHOP leading the way, demonstrating outstanding occupancy increases across all geographies and product types. The company updated the outlook for Attributable Net Income and Nareit FFO per share and increased the midpoint of its Normalized FFO per share guidance for the full year.
Net Loss Attributable to Common Stockholders per share was ($0.18).
Normalized Funds from Operations (FFO) per share was $0.75, up 6% compared to the prior year excluding HHS grants.
Total Company Net Operating Income (NOI) grew 5.1% year-over-year.
Total Company Same-Store Cash NOI grew 7.9% year-over-year, with SHOP growing over 18%.
Ventas
Ventas
Ventas Revenue by Segment
Revenue by Segment
Triple-net leased properties Revenue
CapyFin.comOutpatient medical & research Revenue
CapyFin.comResident fees and services Revenue
CapyFin.comThird-party capital management Revenue
CapyFin.comIncome from loans & investments Revenue
CapyFin.comInterest and other income Revenue
CapyFin.com Forward Guidance
Ventas is updating its outlook for Attributable Net Income and Nareit FFO per share and raising its 2023 Normalized FFO per share guidance midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income