RiverNorthPhotography Introduction Ventas (NYSE:VTR) has significantly outperformed the Vanguard Real Estate ETF (VNQ) so far in 2024, delivering a ~22% total return against the ~10% gain for the benchmark ETF: ● Vist 8724 30 | w , wa on VTR vs VNQ (Seeking Alpha) While Q2 2024 results were excellent and the company increased its guidance, the REIT's valuation is also elevated, whether you look at the ~19x normalized FFO multiple or the ~5% market-implied cap rate. As such, considering the conservative capi ...