Ventas Earnings: Fifth Consecutive Quarter of Double-Digit Revenue Growth

S&P 500 (NYSE:SPY) component Ventas Inc. (NYSE:VTR) reported its results for the third quarter. Ventas is a real estate investment trust, with a portfolio of seniors housing and healthcare properties.

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Ventas Inc. Earnings Cheat Sheet

Results: Net income for Ventas Inc. rose to $111.9 million (38 cents per share) vs. $102.9 million (35 cents per share) in the same quarter a year earlier. This marks a rise of 8.7% from the year-earlier quarter.

Revenue: Rose 15.6% to $642 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ventas Inc. reported adjusted net income of 96 cents per share. By that measure, the company beat the mean estimate of 94 cents per share. It beat the average revenue estimate of $591.9 million.

Quoting Management: “Ventas is thriving because of our diversified, high performing portfolio and disciplined execution of our investment and asset management strategy,” Ventas Chairman and Chief Executive Officer Debra A. Cafaro said. “We achieved another quarter of outstanding results and have completed $1.7 billion in investments year to date. Our powerful business model and focused management team continue to deliver consistent strong growth in FFO and cash flow with a strong financial profile and well covered dividend. We are pleased to increase our full year earnings outlook.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose more than threefold and in the first quarter, the figure rose 85%.

The company has now beaten analyst estimates for three quarters in a row. It beat the mark by 3 cents in the second quarter and by 2 cents in the first quarter.

Looking Forward: Over the past ninety days, the average estimate for the fourth quarter has fallen from 96 cents per share to 95 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. The average estimate for the fiscal year is $3.72 per share, down from $3.73 ninety days ago.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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