Ventas, Inc. (VTR) is set to report its third-quarter 2024 results on October 30, 2024, following market close. The Zacks Consensus Estimate anticipates revenues of $1.21 billion, which represents a 5.1% year-over-year increase. Additionally, normalized funds from operations (FFO) per share are projected to be 80 cents, reflecting a 6.7% rise compared to the previous year.
In the last reported quarter, Ventas recorded an FFO per share of 80 cents, exceeding expectations by 1.3%. The company has shown strong performance in its senior housing operating portfolio, driven by an aging population and rising healthcare spending, which likely contributed to increased occupancy rates. However, the triple-net leased properties segment is expected to decline, with a consensus estimate of $150 million in rental income, down from $159.8 million the previous year.
Ventas’ third-quarter outpatient medical and research portfolio rental income is expected to total $218.6 million, while resident fees and services are projected to reach $830.7 million, up from $754.4 million in the previous period.
