Ventas Inc. (NYSE:VTR) reported its results for the fourth quarter. The company’s funds from operations (FFO) rose 15.6% from the year earlier quarter to 89 cents. It was in line with the consensus estimate. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
“Ventas delivered excellent results in 2011, as our portfolio performed well while we successfully integrated over $11 billion of accretive acquisitions,” Ventas Chairman and CEO Debra A. Cafaro said. “We have a highly diversified portfolio approaching 1,400 properties, with nearly 80 percent of our annualized revenues derived from private pay sources, an outstanding balance sheet and an attractive cost of capital. We have positioned Ventas to be a leader in the $1 trillion healthcare real estate market as it consolidates,” she said. “Our proven and dedicated management team will use these powerful attributes to deliver consistent superior total returns to our shareholders.”
Competitors to Watch: Nationwide Health Properties Inc. (NYSE:NHP), Universal Health Realty Income Trust (NYSE:UHT), Senior Housing Properties Trust (NYSE:SNH), National Health Investors Inc (NYSE:NHI), Health Care REIT, Inc. (NYSE:HCN), Medical Properties Trust, Inc. (NYSE:MPW), Omega Healthcare Investors, Inc. (NYSE:OHI), HCP, Inc. (NYSE:HCP), LTC Properties, Inc. (NYSE:LTC), and Healthcare Realty Trust Inc. (NYSE:HR).
EOG Resources Inc. (NYSE:EOG) reported its results for the fourth quarter. Net income for the company was $120.7 million (45 cents per share). EOG Resources Inc. reported adjusted net income of $1.15 per share. By that measure, the company beat the mean estimate of 89 cents per share. It beat the average revenue estimate of $2.52 billion.
“EOG had an exceptional year in 2011 with a 551 percent increase in earnings per share versus 2010. This solidifies the completion of our goal of becoming an oil company. These strong returns are one of the traditional hallmarks of EOG,” said Mark G. Papa, Chairman and Chief Executive Officer.
Competitors to Watch: Apache Corporation (NYSE:APA), Chesapeake Energy Corp. (NYSE:CHK), Anadarko Petroleum Corp. (NYSE:APC), Lucas Energy, Inc. (AMEX:LEI), EnCana Corporation (NYSE:ECA), Forest Oil Corporation (NYSE:FST), Noble Energy, Inc. (NYSE:NBL), Newfield Exploration Co. (NYSE:NFX), PrimeEnergy Corporation (NASDAQ:PNRG), and GeoMet, Inc. (NASDAQ:GMET).
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com