Ventas, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 04:10 pm EDT
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Ventas, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 350.98 million compared to USD 383.05 million a year ago. Revenue was USD 1,037.28 million compared to USD 976.08 million a year ago. Net income was USD 1.26 million compared to USD 60.68 million a year ago.
For the nine months, sales was USD 1,051.72 million compared to USD 1,100 million a year ago. Revenue was USD 3,077.77 million compared to USD 2,805.56 million a year ago. Net loss was USD 2.43 million compared to net income of USD 89.86 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 0.24 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 0.24 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. 
