- Normalized FFO per share for Q2 2024 was 80 cents, higher than last year’s 75 cents and above the estimated 79 cents.
- Diluted EPS for the quarter came in at 5.0 cents.
- Total revenue was $1.20 billion, marking an 8.6% increase year-over-year and meeting the estimated $1.2 billion.
- Triple-net rental income slightly decreased by 0.3% year-over-year, totaling $153.9 million compared to the $155.8 million estimate.
- Resident fees and services revenue increased significantly by 13% year-over-year to $817.6 million, exceeding the estimate of $817.3 million.
- Company comments highlighted improved financial strength due to profitable organic growth in SHOP, new investments in senior housing, and enhanced portfolio performance.
- Occupancy and revenue growth in the senior housing operating portfolio (“SHOP”) were key drivers of performance.
- Analyst recommendations include 16 buys, 6 holds, and 0 sells.
A look at Ventas Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing the Smartkarma Smart Scores for Ventas Inc, the company appears to have a promising long-term outlook. With a high score in Growth and Dividend, Ventas Inc shows potential for future expansion and consistent dividend payouts. This indicates that the company is well-positioned to increase its profitability and provide steady returns to investors over time.
However, the lower score in Resilience could be a point of caution, suggesting the company may be more vulnerable to economic downturns or market fluctuations. On the positive side, Ventas Inc excels in Momentum, indicating strong positive price trends and market sentiment, which could attract more investors and drive the stock price higher in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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