Ventas (NYSE:VTR) boosts 2019 guidance for FFO after a strong H1 2019.
Sees 2019 normalized FFO per share of $3.80-$3.86 vs. prior range of $3.75-$3.85; consensus estimate is $3.84.
Reaffirms previous overall and segment level same-store cash NOI growth guidance.
Q2 FFO per share of 97 cents beats the average analyst estimate of 95 cents and fell from $1.08 in the year-ago quarter.
Y/Y decline was primarily due to Q2 2018 full payoff of the Ardent Health Services loans and related fee recognition.
Q2 total revenue of $950.7M beats the consensus estimate of $931.2M; increased from $942.3M a year ago.
Q2 same-store total property portfolio cash net operating income rose 0.3%, in line with its expectations.
Excluding the impact of a cash fee of $2.5M received by the company in Q2 2018 from Brookdale, portfolio grew same-store NOI 0.9%.
Conference call at 9:00 AM ET.
Previously: Ventas FFO beats by $0.02, beats on revenue (July 26)
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