Ventas Ends ‘Outstanding' 2013 With Record FFO

CHICAGO-Ventas Inc. capped a year of accretive investment with its best-ever showing for funds from operations, the healthcare REIT reported Friday. Normalized FFO reached $4.14 per diluted common share, or $1.2 billion in total, for the 12 months that ended Dec. 31, 2013, a 9% gain year over year.

Debra A. Cafaro, chairman and CEO of Ventas, calls ’13 “another outstanding year,” one that also saw the company drive cash flows from operations to a new high of $1.2 billion, up 20% Y-O-Y. Further, Ventas last year increased its dividends by 10%, during a period that saw the company “maintaining financial strength and flexibility and executing our strategy consistently,” adds Cafaro.