DOC - Ventas: Average Balance Sheet With Below Average Future Returns

Ventas Inc. (VTR) has a long and distinguished record for financial excellence. This is something that VTR is not too shy about bringing up.

Source: Ventas Presentation

While there can be little doubt about the long-term results, recent numbers have been rather lackluster. For starters, VTR has guided for 2019 normalized funds from operations ((FFO)) at $3.75-$3.85/share.

Source: Ventas Presentation

While that may be a decline of as much as 10% year on year, what is even less impressive is that this number is significantly below VTR's 2016 normalized FFO.

Source: Ventas 2017

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