Ventas Reiterates Guidance
Portfolio Pulse from Benzinga Newsdesk
Ventas reiterates its full year 2024 guidance, projecting net income between $11M-$45M and normalized FFO between $1,276M-$1,309M. The guidance includes assumptions of closing ~$350M in senior housing investments, disposing assets for $300M net proceeds, and FAD capital expenditures of ~$250M. Interest expenses are expected to range from $604M to $614M.
May 01, 2024 | 8:15 pm
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Ventas reiterates its FY 2024 guidance with net income between $11M-$45M and normalized FFO between $1,276M-$1,309M, reflecting stable financial expectations.
Reiterating guidance suggests confidence in financial projections and operational stability, potentially reassuring investors and positively impacting stock sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
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