Ventas, Inc. (VTR) is well-positioned to gain from its diverse portfolio of healthcare real estate assets in the key markets of the United States and the U.K. An aging population and the rise in healthcare expenditure by senior citizens are likely to benefit the senior housing operating portfolio (SHOP). The outpatient medical portfolio is expected to gain from favorable outpatient visit trends. Ventas’ accretive investments in expanding its research portfolio are encouraging.Last month, this Chicago-based ...

Ventas (NYSE: VTR ) has been one of the best-performing US REITs so far in 2024, delivering a total return of ~34%, well ahead of the ~12% gain for the Vanguard Real Estate Index Fund ETF (I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely ...

财务数据和关键指标变化 - Ventas在2024年第三季度的每股正常化FFO为0.80美元，同比增长7%，主要受益于入住率和收入的超预期表现 [9][36] - 总公司同店现金NOI在第三季度增长了7.6%，其中SHOP业务的现金NOI增长超过15% [36][37] - 2024年净收入预期上调至每股0.09至0.13美元，正常化FFO预期上调至3.16美元 [41][43] 各条业务线数据和关键指标变化 - SHOP同店组合的入住率同比增长350个基点，NOI增长超过15%，整体运营利润率为26.3%，同比提升150个基点 [18][36] - 门诊医疗与研究（OMAR）同店现金NOI在第三季度增长2%，年初至今增长超过3% [37] - 大学基础研究同店组合的现金NOI在第三季度和年初至今均增长近5% [38] 各个市场数据和关键指标变化 - 美国市场的NOI增长为17.7%，而加拿大市场的入住率在9月份达到了历史最高的97% [19][20] - 在美国前99个市场中，Spot入住率同比增长370个基点，增速快于NIC平均水平 [20] 公司战略和发展方向和行业竞争 - 公司执行Focus 123战略，专注于抓住老年住房的多年度增长机会，计划在2024年投资17亿美元于老年住房 [6][8][13] - 公司在老年住房市场的投资活动加速，已完成或签约的投资总额达到17亿美元，涉及43个新社区 [31][32] - 公司在老年住房领域的市场竞争优势在于其财务实力、行业关系和成功的交易记录 [30][78] 管理层对经营环境和未来前景的评论 - 管理层对未来的乐观预期基于老年人口的快速增长和市场供需的有利动态，预计未来几年将继续推动NOI增长 [11][12] - 管理层指出，当前的建筑活动处于历史低位，未来几年新供应有限，进一步支持了市场的增长潜力 [46][47] 其他重要信息 - 公司在2023-2024年发布了企业可持续发展报告，强调其在可持续性方面的领导地位和成就 [15] - 公司在第三季度的流动性为31亿美元，净债务与EBITDA比率为6.3倍，较年初改善60个基点 [40] 问答环节所有提问和回答 问题: 供应可能重新出现的早期指标是什么 - 管理层提到，当前建筑活动占库存的比例处于历史低位，且老年人口每年增加超过50万，预计未来几年将继续保持供需紧张 [46][47] 问题: 卖方动机是什么 - 管理层表示，部分卖方是开发商，他们希望兑现投资回报，此外还有一些私募股权公司因多种原因选择出售 [49] 问题: 关于高入住率社区的案例研究 - 管理层确认，案例研究涉及多个社区，显示出高入住率社区的增长潜力和市场领导地位 [52] 问题: 未来的租金增长预期 - 管理层表示，租金环境有利，预计未来将继续推动价格上涨 [83] 问题: Brookdale租约的续签情况 - 管理层指出，Brookdale有续签的选择权，若不续签，则可能转为SHOP业务 [29][113]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM____________TO____________ Commission file number: 1-10989 Ventas, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 61-1055020 (State o ...

Ventas, Inc. (VTR) reported third-quarter 2024 normalized funds from operations (FFO) per share of 80 cents, in line with the Zacks Consensus Estimate. The reported figure increased 6.7% from the prior-year quarter’s tally.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect better-than-anticipated revenues. Ventas’ same-store cash net operating income (NOI) increased year over year on strong performance in the senior housing operating portfolio (SHOP), outpatient medical ...

业绩总结 - 2024年第三季度，Normalized FFO每股为0.80美元，同比增长约7%[8] - 2024年第三季度的总收入为845,532千美元，较2024年第二季度的817,600千美元增长3.0%[60] - 2024年第三季度的同店现金NOI为193,624千美元，较2023年第三季度的167,864千美元增长15.3%[60] - 2024年第三季度，归属于普通股东的Nareit FFO为331,485万美元，同比增长12%[67] - 2024年全年，预计正常化FFO在13.09亿美元至13.26亿美元之间，年增长率为5%至6%[75] 用户数据 - 2024年第三季度同店平均入住率同比增长310个基点，达到85.9%[17] - 2024年迄今为止同店现金NOI增长15.6%，美国增长17.7%[21] - 预计2024财年平均入住率增长改善至约290个基点[14] - 预计未来五年美国80岁以上人口将增长27%[23] 未来展望 - 2024财年Normalized FFO每股指导范围提高至3.14 - 3.18美元，之前为3.12 - 3.18美元[11] - 预计2024财年SHOP同店现金NOI增长指导范围改善至14.0% - 16.0%[12] - 预计2024年第一季度的总净运营收入（NOI）较2021年第四季度增加12个百分点[36] - 预计未来几年市场支持约900个基点的净吸收[40] 新产品和新技术研发 - 2024年预计关闭17亿美元的老年住房投资，年初至今已关闭14亿美元[12] - 截至2024年10月，Ventas已关闭或签约的老年住房投资总额为17亿美元[34] - 预计第一年净运营收入（NOI）收益率为7%至8%[40] 财务状况 - 截至2024年9月30日，净债务与进一步调整后的EBITDA比率为6.3倍，自2023年年末改善60个基点[9] - 2024年第一季度的进一步调整后EBITDA为5.08亿美元，年化后为20.34亿美元[56] - 2024年第三季度的净债务与进一步调整后的EBITDA比率为6.3倍，较2024年第二季度的6.4倍有所改善[58] - 2024年截至9月30日，公司的流动性约为40亿美元[52] 其他新策略和有价值的信息 - 预计处置资产净收益为3.3亿美元[77] - 一般和行政费用预计在1.55亿至1.6亿美元之间[77] - 利息支出预计在6.05亿至6.09亿美元之间[77] - 第三季度因Ardent IPO确认的900万美元收益已计入净收入和Nareit FFO，但不包括在标准化FFO中[77]

For the quarter ended September 2024, Ventas (VTR) reported revenue of $1.24 billion, up 7.5% over the same period last year. EPS came in at $0.80, compared to -$0.17 in the year-ago quarter. The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $1.21 billion. With the consensus EPS estimate being $0.80, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Ventas (VTR) came out with quarterly funds from operations (FFO) of $0.80 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.75 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this seniors housing real estate investment trust would post FFO of $0.79 per share when it actually produced FFO of $0.80, delivering a surprise of 1.27%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.V ...

The upcoming report from Ventas (VTR) is expected to reveal quarterly earnings of $0.80 per share, indicating an increase of 6.7% compared to the year-ago period. Analysts forecast revenues of $1.21 billion, representing an increase of 5.1% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings announcement, it is c ...

Ventas, Inc. (VTR) is scheduled to report third-quarter 2024 results on Oct. 30, after market close. The quarterly results are likely to display year-over-year growth in revenues and normalized funds from operations (FFO) per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this Chicago-based healthcare real estate investment trust (REIT) delivered a normalized FFO per share of 80 cents, beating the Zacks Consensus Estimate by 1.3%. The quarterly r ...