HEALTHCARE REIT DECIDES BIGGER, AND DIVERSIFIED, IS INDEED BETTER
By Beth Mattson-Teig
Raymond J. Lewis
Whether measuring by sheer size or performance statistics, analysts rank Louisville, Ky.-based Ventas Inc. as one of the leading healthcare real estate investment trusts (REITs) in the country.
The company’s real estate assets can be found in 41 states and include 201 skilled nursing facilities, 108 senior housing facilities, 41 hospitals and 19 other healthcare related facilities, as well as a small portfolio of medical office buildings (MOBs).
As noted earlier, Ventas (NYSE: VTR), which was formed as a publicly traded REIT in 1998, has earned a reputation among analysts as a solid performer. Net income during the first quarter of 2005 reached $27.6 million – an 18 percent increase compared to the Q1 2004 net of $23.3 million.
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