Feb 12 (Reuters) - Ventas ( VTR ) posted
better-than-expected funds from operations (FFO) for the fourth
quarter on Wednesday, driven by strong demand for its assisted
living and senior housing properties.
The Chicago-based healthcare-centric real estate investment
trust (REIT) owns and leases senior housing properties in both
the United States and the United Kingdom, including outpatient
medical buildings and research centers.
Earlier this week, larger peer Welltower ( WELL ) forecast
annual FFO above estimates, betting on its senior housing
properties.
The demand for senior housing in the United States is on the
rise due to an aging population, coupled with an increase in
healthcare expenditure among senior citizens.
The company sees 2025 normalized FFO to be between $3.35 and
$3.46 per share, the midpoint of which is in line with analysts'
average expectation of $3.41 per share, according to LSEG data.
Ventas ( VTR ) posted normalized FFO of 81 cents per share in the
quarter ended December 31, an increase of 7% over the previous
year and above estimates of 80 cents.