Ventas Inc. Earnings Cheat Sheet: FFO Climbs 12.7%

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

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Ventas Earnings Cheat Sheet for the Second Quarter

Results: The company’s funds from operations (FFO) rose 12.7% from the year earlier quarter to 80 cents. FFO, a measure of performance of real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It came in ahead of the consensus estimate of 77 cents per share.

Quoting Management: “Year-to-date 2011 has been outstanding, as we completed $11 billion of high-quality acquisitions while simultaneously improving our balance sheet and credit profile and delivering excellent results to our shareholders,” Ventas Chairman and Chief Executive Officer Debra A. Cafaro said. “With the completion of our acquisition of the Atria properties and our acquisition of Nationwide Health Properties on July1, Ventas has a diversified portfolio of over 1,300 productive healthcare and seniors housing assets. We expect to generate nearly 70 percent of our net operating income from private pay sources, we have excellent operating partners, and we benefit from a cohesive management team focused on delivering value for stakeholders.”

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).

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(Source: Xignite Financials)

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