Ventas: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 05:45 PM ET
Last Updated - Jun 22, 2023, 10:16 PM EDT
CHICAGO (AP) — CHICAGO (AP) — Ventas Inc. (VTR) on Thursday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Chicago, said it had funds from operations of $295.5 million, or 73 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 72 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
