Earnings call transcript: Ventas tops revenue views in Q2 2026, shares fall

Ventas Inc. reported Q2 2026 revenue of $1.73 billion, exceeding forecasts, and met earnings per share expectations at $0.14. Despite strong operating trends and a 10% increase in same-store cash net operating income, the stock fell over 6% post-market, possibly due to investors weighing a share price already near its 52-week high and concerns about valuation. The company raised its full-year investment guidance to $4.5 billion and normalized FFO guidance to $3.85-$3.90 per share, driven by strong performance in its senior housing operating portfolio.