NEW YORK (TheStreet) -- Shares of Ventas (VTR) - Get Report are climbing 2.8% to $76.61 on Friday morning after the real estate investment trust reported better-than-expected revenue for the 2016 second quarter.
Before today's market open, the Chicago-based company posted revenue of $848.4 million, above analysts' estimates of $848 million.
Normalized funds from operations were $1.04 per share for the quarter, in line with analysts' forecasts.
Funds from operations is a key measure in the REIT industry, which takes net income and adds back items such as depreciation and amortization.
For 2016, Ventas projects that funds from operations will be between $4.05 and $4.13 per share. Analysts are looking for funds from operations of $4.15 per share.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, growth in earnings per share and notable return on equity.
The team believes its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: VTR