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Ventas Boosts 2018 Outlook on Strong Q2 Earnings
Locally based healthcare REIT Ventas Inc. posted normalized funds from operations of $1.08 per diluted common share for the second quarter, a 2% year over year increase. The company updated and improved its 2018 normalized FFO per share and same-store cash NOI growth expectations.
“We delivered strong earnings and results in Q2, as we grew property cash flows in our high-quality, differentiated portfolio, executed on our strategic priorities and recycled capital from previous successful investments to significantly enhance our strong financial position and increase our liquidity,” said Debra A. Cafaro, Ventas’ chairman and CEO.
Cafaro, currently chair of the Real Estate Roundtable, said her team remains “sharply focused on delivering results and positioning the company to extend its long track record of creating value for shareholders. Building on our achievements and strong performance year-to-date and our continued investment activity, we are pleased to again improve our full year 2018 expectations.”
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