News
Way Ahead of the Field
May 9, 2011
The giant seniors housing REIT just kept getting bigger with its acquisition of Nationwide Health Properties during Q1. But since the deal hasn't closed yet, it was previous acquisitions like Sunrise, Atria, and Lillibridge that contributed to the Ventas Q1 bottom line. | |||
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| In its quarterly conference call last week, CEO Debra Cafaro said Ventas is well-positioned, with 3.5% year-over-year same store growth and FFO that increased 15% to $120M. NHP will change the balance of the 600-asset portfolio to 29% seniors housing and 11% MOB. Even though Ventas could acquire more properites now, it'll be focusing on expanding customer relationships. It will add 230 MOBs with 14M SF when it closes on the NHP deal in Q3. | |||
