Ventas Q3 normalized FFO per share rises 10% on senior housing strength

Overview

• US healthcare REIT reported Q3 Normalized FFO per share up 10% year-over-year

• Q3 net income per share declined 7% year-over-year

• Company raised full-year 2026 guidance after closing $1.2 bln in senior housing investments

Outlook

• Ventas raises 2026 attributable net income guidance to $0.64-$0.67 per share

• Company sees 2026 Nareit FFO at $3.83-$3.86 per share

• Company expects 2026 Normalized FFO of $3.87-$3.90 per share

Result Drivers

• SHOP PORTFOLIO GROWTH - Co said expansion and performance of Senior Housing Operating Portfolio drove organic property growth

• OPERATING LEVERAGE - Co attributed higher NOI margins to operating leverage and improved occupancy

• INVESTMENT ACTIVITY - Co said senior housing acquisitions contributed to multiyear growth outlook

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for Ventas, Inc. is $100.00, about 14.4% above its October 26 closing price of $87.42

• The stock recently traded at 96 times the next 12-month earnings vs. a P/E of 106 three months ago

Reuters Recommended Reads

• Oct 26 - Welltower Q3 normalized FFO per share rises 25%, guidance raised

• Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity

• Oct 26 - Easterly Government Properties Q3 Core FFO tops estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)