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Have you been eager to see how Ventas, Inc. (VTR - Free Report) performed in Q1 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 Miss
Ventas came out with funds from operations (FFO) per share, as defined by the National Association of Real Estate Investment Trusts, of 96 cents, missing the Zacks Consensus Estimate of $1.01.
Results reflect increase in property level operating expenses.
How Was the Earnings Surprise Trend?
Ventas has a decent surprise history. Before missing the Q1 FFO, the company delivered positive surprises in two of the trailing four quarters. In the other occasions, the company posted in-line results. This is depicted in the graph below:
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.73% in the trailing four quarters.
Revenues Came In Higher Than Expected
Ventas posted revenues of $943.7 million, which beat the Zacks Consensus Estimate of $850.6 million. Further, it compared favorably with the year-ago number of $883.4 million.
Key Developments to Note
During the quarter, Ventas signed a mutually beneficial agreement with Brookdale Senior living which currently operates the company’s 128 wholly owned senior housing communities. It extends Ventas’ lease with Brookdale.
The company exited the quarter with marginally lower cash and cash equivalents compared to the prior quarter.
Ventas updated its 2018 normalized FFO per share outlook to $3.99-$4.07 from the previous range of $3.95-$4.05.
The company updated its same-store cash net operating income growth to 0.5-1.5% in 2018 from 0.5-2% issued earlier.
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.
Check back later for our full write up on this VTR earnings report!
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Image: Bigstock
Ventas (VTR) Q1 FFO Misses Estimate, Revenues Beat
Have you been eager to see how Ventas, Inc. (VTR - Free Report) performed in Q1 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 Miss
Ventas came out with funds from operations (FFO) per share, as defined by the National Association of Real Estate Investment Trusts, of 96 cents, missing the Zacks Consensus Estimate of $1.01.
Results reflect increase in property level operating expenses.
How Was the Earnings Surprise Trend?
Ventas has a decent surprise history. Before missing the Q1 FFO, the company delivered positive surprises in two of the trailing four quarters. In the other occasions, the company posted in-line results. This is depicted in the graph below:
Ventas, Inc. Price and EPS Surprise
Ventas, Inc. Price and EPS Surprise | Ventas, Inc. Quote
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.73% in the trailing four quarters.
Revenues Came In Higher Than Expected
Ventas posted revenues of $943.7 million, which beat the Zacks Consensus Estimate of $850.6 million. Further, it compared favorably with the year-ago number of $883.4 million.
Key Developments to Note
During the quarter, Ventas signed a mutually beneficial agreement with Brookdale Senior living which currently operates the company’s 128 wholly owned senior housing communities. It extends Ventas’ lease with Brookdale.
The company exited the quarter with marginally lower cash and cash equivalents compared to the prior quarter.
Ventas updated its 2018 normalized FFO per share outlook to $3.99-$4.07 from the previous range of $3.95-$4.05.
The company updated its same-store cash net operating income growth to 0.5-1.5% in 2018 from 0.5-2% issued earlier.
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!
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>