NYSE$VTR

Ventas Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Ventas' third quarter results in 2020 were affected by the COVID-19 pandemic but driven by a strong portfolio, steady performance in Office and Triple-Net Healthcare, and stable income in Senior Housing Operating Portfolio.

Ventas reported solid third quarter results driven by the company's diverse portfolio and stable income from their Senior Housing Operating Portfolio. Significant arrangements were made with Brookdale, and the Research and Innovation business was driven forward with a $1 billion investment. Resident move-ins exceeded move-outs in October, showing sustained improvement.

  • Third quarter results were affected by the COVID-19 pandemic.
  • Solid performance driven by strong and diverse portfolio.
  • Significant arrangements reached with Brookdale, largest tenant.
  • Resident move-ins exceeded move-outs in October.

Headline financials

Total Revenue

$919M

Previous: $983M-6.5%
EPS (adj)

$0.75

Previous: $0.96-21.9%
Capital Expenditures

-$558M

Previous: -$1.17B+52.3%
Free Cash Flow

-$544M

Previous: -$1.08B+49.7%
Net Income

$13.7M

Previous: $86.9M-84.2%
Operating Income

$6.6M

Previous: $183M-96.4%
Gross Profit

$418M

Previous: $521M-19.7%
Cash & Equivalents

$588M

Previous: $148M+297.4%
Total Assets

$24.2B

Previous: $24.8B-2.4%
Stock-Based Comp

$5.77M

Previous: $8.2M-29.7%

Revenue & EPS history

Ventas · Revenue · Quarterly

$919M

Q3 2020-6.5%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Ventas · $717M total across 4 segments · Q3 2020

  • Resident fees and services
    $541M
  • Triple-net leased properties
    $156M
  • Income from loans and investments
    $18.7M
  • Interest and other income
    $572K

Forward guidance

Recent clinical and economic trends remain dynamic and highly uncertain and will continue to affect our Senior Housing Operating Portfolio results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.3%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+13.9%

Q3 2020

Best reaction

-10.8%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+3.9%+1.7%
Q4 2025+3.4%+7.3%+6.3%
Q3 2025+6.8%+7.4%+15.5%
Q2 2025+0.5%+2.0%+1.3%
Q1 2025-6.5%-6.1%-8.3%
Q4 2024+8.3%+11.4%+11.6%
Q3 2024-0.8%-2.5%-3.0%
Q2 2024+3.6%+5.0%+14.1%
Q1 2024+4.4%+6.3%+13.5%
Q4 2023-0.6%-1.6%-4.5%
Q3 2023+3.0%+2.3%+9.3%
Q2 2023-7.3%-6.2%-11.1%
Q1 2023-2.1%-2.8%-3.1%
Q4 2022-1.7%-2.0%-13.9%
Q3 2022+5.7%+13.0%+23.7%
Q2 2022-5.1%-1.9%-8.2%
Q1 2022-1.4%-8.9%-2.7%
Q4 2021+1.0%+0.9%+13.4%
Q3 2021-0.5%+3.7%-10.7%
Q2 2021-4.3%-5.1%-6.1%
Q1 2021+1.7%-3.4%+5.1%
Q4 2020+3.5%+7.9%+7.6%
Q3 2020+13.9%+17.8%+20.3%
Q2 2020+7.8%+4.0%+12.8%
Q1 2020+7.2%-1.1%+59.8%
Q4 2019+6.5%+1.1%-63.4%
Q3 2019-10.8%-10.4%-20.8%
Q2 2019+0.1%-0.3%+6.7%
Q1 2019+0.7%+2.8%+10.9%
Q4 2018-1.1%-0.4%-3.8%
Q3 2018+0.6%+2.0%+8.0%
Q2 2018-3.3%-0.9%+2.4%
Q1 2018+8.3%+10.3%+13.0%
Q4 2017-0.9%-2.6%-2.4%
Q3 2017+3.5%+3.2%+5.9%
Q2 2017-0.1%-2.1%+0.7%
Q1 2017-0.2%-2.1%+3.8%
Q4 2016+1.6%-0.2%-2.1%
Q3 2016+2.0%-4.8%-9.3%
Q2 2016+2.7%-1.1%-3.2%
Q1 2016+0.6%
Q4 2015+2.1%
Q3 2015-5.7%
Q2 2015+3.8%
Q1 2015-1.0%
Q4 2014-0.7%
Q3 2014-0.6%
Q2 2014-0.3%
Q1 2014+2.2%
Q4 2013-1.9%
Q3 2013+0.9%
Q2 2013-1.1%
Q1 2013+0.5%
Q4 2012+2.3%
Q3 2012+0.4%
Q2 2012+2.2%
Q1 2012+0.1%
Q4 2011+1.1%
Q3 2011+0.9%
Q2 2011-9.3%
Q1 2011-1.7%
Q4 2010-6.2%
Q3 2010-0.5%
Q2 2010+4.0%
Q1 2009-0.8%
Q1 2010-1.6%
Q4 2007+0.2%
Q4 2009+0.2%
Q3 2008-2.1%
Q3 2009-2.1%
Q2 2008+1.7%
Q2 2009+1.7%
Q4 2008+1.7%

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