Ventas Q3 normalized FFO per share rises 10% on senior housing strength
VTR•Ventas reported Q3 normalized FFO of $0.99 per share, up 10% year over year, while net income per share fell 7%. The company raised 2026 guidance after closing $1.2 billion in senior housing investments.
1. Quarterly results
Ventas said Q3 normalized FFO per share increased 10% year over year to $0.99, while net income per share declined 7%. The company attributed organic property growth to expansion and performance of its Senior Housing Operating Portfolio, and said improved occupancy and operating leverage lifted NOI margins.
2. Higher 2026 guidance
After closing $1.2 billion in senior housing investments, Ventas raised its 2026 attributable net income guidance to $0.64-$0.67 per share. It expects Nareit FFO of $3.83-$3.86 per share and normalized FFO of $3.87-$3.90 per share.
