Ventas Q3 2023 Earnings Report
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
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