Ventas Q1 Normalized FFO per share rises 9%, raises 2026 guidance

Ventas

27/04/2026 21:21

Overview

U.S. senior housing REIT's Q1 Normalized FFO per share rose 9% yr/yr to $0.94

Company's SHOP segment same-store cash NOI grew over 15% yr/yr, with occupancy up 310 basis points

Ventas raised 2026 guidance, citing strong SHOP and investment activity

Outlook

Ventas raises 2026 net income guidance to $0.56-$0.63 per share from $0.52-$0.62

Company expects 2026 Nareit FFO per share of $3.69-$3.76, up from $3.63-$3.73

Ventas increases 2026 investment volume expectations to $3 bln in senior housing

Result Drivers

SHOP PERFORMANCE - Co said more than 15% yr/yr growth in SHOP same-store cash NOI was driven by nearly 9% revenue growth, 310 basis points of average occupancy gains, and margin expansion

INVESTMENT ACTIVITY - Co closed $1.7 bln of senior housing investments year to date, expecting these to increase multiyear growth rate and generate attractive returns

PLATFORM INITIATIVES - Co attributed occupancy gains and outperformance to its proprietary data, analytics, and operating expertise

Company press release: ID:nBw85MYvDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Normalized FFO Per Share
$0.94


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 3 "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 $93.00, about 11.2% above its April 24 closing price of $83.62

The stock recently traded at 99 times the next 12-month earnings vs. a P/E of 120 three months ago

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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.)