VTR Ventas Inc

By Oliver Griffin

Ventas Inc. (VTR) said on Friday that its fourth-quarter profit rose 89% and said it expects its portfolio to continue to grow same-store, cash net operating income in 2018.

The Chicago-based real estate investment company said that its profit for the three months ended Dec. 31 was $392.6 million, or $1.09 a diluted share, compared with $207.6 million, or $0.58, for the same period the previous year.

Analysts expected a profit of $155 million, or $1.55 a share, according to FactSet.

Sales rose to $895.3 million, from $875.7 million in the year-earlier period. This compares with analysts forecasts of $870 million according to FactSet.

The company also declared a dividend for the first quarter of 2018 of 79 cents per share.

Write to Oliver Griffin at oliver.griffin@dowjones.com

(END) Dow Jones Newswires

February 09, 2018 07:49 ET (12:49 GMT)

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