Feb 12 (Reuters) - Ventas VTR.N posted better-than-expected funds from operations (FFO) for the fourth quarter on Wednesday, driven by strong demand for its assisted living and senior housing properties.
The Chicago-based healthcare-centric real estate investment trust $(REIT)$ owns and leases senior housing properties in both the United States and the United Kingdom, including outpatient medical buildings and research centers.
Earlier this week, larger peer Welltower WELL.N forecast annual FFO above estimates, betting on its senior housing properties.
The demand for senior housing in the United States is on the rise due to an aging population, coupled with an increase in healthcare expenditure among senior citizens.
The company sees 2025 normalized FFO to be between $3.35 and $3.46 per share, the midpoint of which is in line with analysts' average expectation of $3.41 per share, according to LSEG data.
Ventas posted normalized FFO of 81 cents per share in the quarter ended December 31, an increase of 7% over the previous year and above estimates of 80 cents.
(Reporting by Christy Santhosh in Bengaluru;Editing by Mohammed Safi Shamsi)
((Christy.Santhosh@thomsonreuters.com))
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