Here's What Key Metrics Tell Us About Ventas (VTR) Q3 Earnings

Core Insights - Ventas reported revenue of $1.24 billion for the quarter ended September 2024, reflecting a 7.5% increase year-over-year and a 2.30% surprise over the Zacks Consensus Estimate of $1.21 billion [1] - The company's EPS was $0.80, a significant improvement from -$0.17 in the same quarter last year, aligning with the consensus estimate [1] Revenue Breakdown - Rental income from triple-net leased properties was $155.35 million, slightly below the estimated $149.95 million, representing a year-over-year decline of 2.8% [3] - Rental income from the outpatient medical & research portfolio reached $220.96 million, exceeding the average estimate of $218.63 million [3] - Total rental income was reported at $376.31 million, surpassing the average estimate of $368.58 million [3] - Resident fees and services generated $845.53 million, exceeding the estimated $830.66 million, marking a year-over-year increase of 12.1% [3] - Third-party capital management revenues were $4.39 million, slightly below the average estimate of $4.57 million [3] - Income from loans and investments was $1.88 million, exceeding the average estimate of $1.48 million, with a year-over-year increase of 55.7% [3] - Interest and other income reached $8.20 million, significantly above the estimated $4.48 million, reflecting a year-over-year increase of 197.9% [3] Earnings Performance - Net Earnings Per Share (Diluted) was reported at $0.05, compared to the average estimate of -$0.02 [3] Stock Performance - Ventas shares have returned +3.4% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]