Ventas (NYSE:VTR) Reports 1Q18 Profit Down 7%

Ventas, Inc

Ventas (NYSE:VTR) headquartered in Chicago, Illinois, announced net income for the first quarter of $ 78.70 million or $ 0.22 per share, compared to income $ 198.13 million or $ 0.55 per share for the year-ago quarter.

The company recorded first quarter ffo income of $ 345.08 million or $ 0.96 per share, while analysts from Thomson Reuters expected income of $ 0.43 per share.

Top line figures for the first quarter rose 7% to $ 943.71 million from $ 883.44 million in the same quarter last year, where as analysts anticipated $ 871.12 million.

Debra A. Cafaro, Ventas Chairman and Chief Executive Officer said: “We are pleased to report a strong start to 2018, with excellent property performance, growth across all segments, and enhanced balance sheet strength, we executed on our strategic priorities, including extending and combining our leases for our Brookdale portfolio through 2025.

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