Ventas, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 04:21 pm EDT
Share
Ventas, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 348.64 million compared to USD 359.61 million a year ago. Revenue was USD 1,022.94 million compared to USD 919.19 million a year ago. Net loss was USD 42.42 million compared to net income of USD 86.39 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
For the six months, sales was USD 700.74 million compared to USD 716.95 million a year ago. Revenue was USD 2,040.49 million compared to USD 1,829.49 million a year ago. Net loss was USD 3.68 million compared to net income of USD 29.18 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
Ventas, Inc. specializes in owning and managing healthcare and medical-residential facilities.
At the end of 2022, the group's portfolio included 1,237 assets consisting primarily of senior housing (802), medical office buildings (313), rehabilitation and long-term acute care facilities (36), laboratories and research facilities (32), skilled nursing facilities (16), medical and surgical facilities (13).
Net sales are distributed geographically as follows: the United States (88.5%), Canada (10.9%) and the United Kingdom (0.6%).
VENTAS, INC. 
