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Ventas CEO Debra Cafaro

Ventas’ Net Income Rebounds 155% Y-O-Y in Q2

Ventas, Inc. staged a powerful year-over-year comeback from the pandemic’s impact on operating results in second-quarter 2020. The healthcare REIT on Friday announced that net income rose 155% to 23 cents per share in Q2 of this year, compared to a 42 cents/share loss a year ago. Nareit funds from operations rose 56% Y-O-Y. 

“Ventas delivered strong second quarter results driven by outstanding sequential occupancy improvement and organic net operating income growth in our Senior Housing Operating Portfolio (SHOP) segment, office growth and consistent and solid performance in our triple net segment,” said Debra A. Cafaro, Ventas chairman and CEO. 

Notwithstanding a recent spike in COVID-19 cases, Cafaro expressed confidence in the SHOP segment’s durability. “We are confident about the future of our business, the powerful senior housing cyclical upside and our ability to win the recovery with our advantaged, well diversified portfolio, best-in-class operators and experienced team,” she said. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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