Ventas Q2 FFO Rises; Boosts FY14 Outlook

(RTTNews) - Ventas, Inc. (VTR) reported net income attributable to common stockholders for the second quarter of $138.4 million or $0.47 per share, compared to $114.6 million or $0.39 per share for the year-ago quarter.

Funds From Operationsfor the second quarter was $315.8 million or $1.07 per share, compared to $304.4 million or $1.03 in the prior year quarter.

Normalized Funds From Operations for the second quarter was $331.6 million or $1.12 per share, compared to $298.4 million or $1.01 per share in the second quarter of last year.

Revenue for the second quarter rose to $751.25 million from $684.11 million a year ago.

Analysts polled by Thomson Reuters expected the company to report FFO of $1.09 per share on revenue of $741.08 million for the second quarter. Analysts' estimates typically exclude special items.

Ventas raised its 2014 normalized FFO per share guidance to a range of $4.39 to $4.43 from its prior guidance of $4.31 to $4.37 per share. Analysts currently expect the company to report FFO of $4.40 per share for the full year 2014.