Ventas, Inc. management participated in investor meetings at Nareit’s REITworld 2024 Annual Conference, where the company reaffirmed its full-year 2024 guidance. The Normalized FFO per share guidance range remains $3.14 to $3.18, with a midpoint of $3.16, reflecting an approximate 6% year-over-year growth. This reiteration signals stability in the company's financial outlook.
The company also confirmed its expectation for total company Same-Store Cash Net Operating Income (NOI) growth to be +7.38% at the midpoint of its guidance range for 2024. This performance is underpinned by its focused strategy on the longevity economy, particularly within its senior housing portfolio.
Ventas highlighted its strategic focus on delivering profitable organic growth in senior housing, capturing value-creating external growth opportunities in the sector, and driving strong execution across its entire portfolio. The company expects its Senior Housing Operating Portfolio (SHOP) to increase its contribution to total NOI by 12 percentage points from Q4 2021 to approximately 52% by Q3 2024, underscoring its commitment to this high-growth segment.
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