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Have you been eager to see how Ventas, Inc. (VTR - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Chicago, IL-based healthcare real estate investment trust (“REIT”) earnings release this morning:
A FFO Beat
Ventas came out with third-quarter 2016 adjusted normalized funds from operations (“FFO”) per share of $1.03, beating the Zacks Consensus Estimate of $1.01. Important quarterly highlights were robust performance of the high-quality healthcare and senior living properties and accretive acquisitions.
How Was the Estimate Revision Trend?
Ventas has a decent earnings surprise history. Before posting a beat in Q3 results, the company delivered positive surprises in three of the trailing four quarters. On occasion, the company posted in-line results. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.7% in the trailing four quarters.
Ventas posted revenues of $867.1 million, which beat the Zacks Consensus Estimate of $847 million. Further, it compared favorably with the year-ago number of $827.6 million.
Key Developments to Note
Ventas revised its 2016 normalized FFO per share outlook in the range of $4.10 – $4.13, denoting expected growth of 4–5% from 2015 on a comparable basis. Moreover, this marks an upward revision from the earlier range of $4.05– $4.13.
Like earlier predication, the company anticipates same-store cash net operating income growth of 2.5–3% in 2016, from the previous guidance of 2–3%. Further, Ventas estimates 2016 dispositions of $500 million and intends to use the net proceeds from disposition for reinvestment into acquisition and debt repayment.
Check back later for our full write up on this VTR earnings report later!
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Ventas' (VTR) Q3 FFO, Revenues Beat Estimates
Have you been eager to see how Ventas, Inc. (VTR - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Chicago, IL-based healthcare real estate investment trust (“REIT”) earnings release this morning:
A FFO Beat
Ventas came out with third-quarter 2016 adjusted normalized funds from operations (“FFO”) per share of $1.03, beating the Zacks Consensus Estimate of $1.01. Important quarterly highlights were robust performance of the high-quality healthcare and senior living properties and accretive acquisitions.
How Was the Estimate Revision Trend?
Ventas has a decent earnings surprise history. Before posting a beat in Q3 results, the company delivered positive surprises in three of the trailing four quarters. On occasion, the company posted in-line results. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.7% in the trailing four quarters.
VENTAS INC Price and EPS Surprise
VENTAS INC Price and EPS Surprise | VENTAS INC Quote
Ventas posted revenues of $867.1 million, which beat the Zacks Consensus Estimate of $847 million. Further, it compared favorably with the year-ago number of $827.6 million.
Key Developments to Note
Ventas revised its 2016 normalized FFO per share outlook in the range of $4.10 – $4.13, denoting expected growth of 4–5% from 2015 on a comparable basis. Moreover, this marks an upward revision from the earlier range of $4.05– $4.13.
Like earlier predication, the company anticipates same-store cash net operating income growth of 2.5–3% in 2016, from the previous guidance of 2–3%. Further, Ventas estimates 2016 dispositions of $500 million and intends to use the net proceeds from disposition for reinvestment into acquisition and debt repayment.
What Zacks Rank Says
Ventas has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this VTR earnings report later!
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>