Ventas Inc. (VTR) reported first-quarter net income attributable to stockholders of $112.2 million or $0.38 per share including discontinued operations of $5.6 million, compared to profit to stockholders of $90.6 million or $0.31 per share including discontinued operations of $43.4 million for the prior year period. The company said the $21.6 million increase in net income is primarily the result of the increases for normalized FFO, changes in losses on extinguishment of debt and income taxes, partially offset by year-over-year changes in discontinued operations and additional depreciation and amortization.
Normalized funds from operations increased 14.3 percent to $301.6 million, from $263.9 million last year. Normalized FFO per share was $1.03 compared to $0.91 prior year. Funds from operations, as defined by the National Association of Real Estate Investment Trusts, increased to $295.3 million from $214.8 million last year. NAREIT FFO per share was $1.00, compared to $0.74 prior year.
Total revenues rose to $684.87 million, from $566.42 million last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $1.00 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $660.67 million for the quarter.
Ventas continues to expect 2013 normalized FFO per share, excluding the impact of unannounced acquisitions, divestitures and capital transactions, to range between $3.99 and $4.07. Analysts expect the company to report fiscal 2013 profit per share of $4.05.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.