Ventas - McKnight's Senior Living


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Ventas reduces quarterly dividend amid occupancy declines

Chicago-based Ventas slashed its quarterly dividend by 43% Friday, declaring a 45 cents per share second quarter dividend payable July 14. That’s down from the 79 cents per share payout a quarter earlier. The reduction came in response to the impact the COVID-19 pandemic is having on the real estate investment trust’s business, particularly seniors housing, and continued macro uncertainty.

Business briefs for Thursday, June 18

Welltower named to CR Magazine’s 100 Best Corporate Citizens of 2020 … Ventas ranked No. 1 in real estate industry in 3BL Media’s 100 Best Corporate Citizens of 2020 … Cadence Living and Dylan Investments acquire Oregon assisted living and memory care community … Evergreen lands $16M refinancing for Chicago-area affordable seniors housing community

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Will COVID-19 force Ventas to cut its dividends?

Ventas is one of the largest and most diversified healthcare real estate investment trusts in the United States, and has enjoyed dividend growth for nine straight years. But the COVID-19 pandemic threatens to snap the Chicago-based REIT’s streak, according to an analysis by The Motley Fool.

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