Analysts at RBC Capital provided their updated outlook on Ventas, Inc. (NYSE:VTR) to reflect the recently reported Q4 results (Feb 18), with EPS of ($0.10) coming in worse than the Street estimate of ($0.03). Revenue was $1.02 billion, slightly higher than the Street estimate of $999.36 million.

Analysts continue to believe the company is well-positioned to benefit from the ongoing seniors housing recovery that should drive strong, accelerating earnings growth in 2022 and 2023. The analyst slightly adjusted their estimates (FFO estimates to $3.07/share in 2022 and $3.42/share in 2023) to reflect additional CARES Act grants in Q1/22 and lower triple net rents starting in Q2/22. However, the seniors housing recovery should accelerate in the Spring/Summer offset by elevated operating expense pressures that should moderate in the second half of 2022 and 2023.