Ventas Commences Tender Offer for 1.55% Senior Notes Due 2016
Ventas Announces Pricing of Senior Notes Offering
Ventas Board Appoints James D. Shelton as Presiding Director
Ventas ’ spin-off of skilled nursing facilities and Ardent acquisition add value for shareholders.
Liberty Global to Present at the 3rd Annual MoffettNathanson Media & Communications Summit
Care Capital Properties Reports First Quarter Results
Although we think Ventas overpaid for its most recent acquisitions, this doesn't affect our valuation.
We prefer REITs with reasonable leverage, moaty assets, demonstrated historical success across economic cycles, identifiable growth drivers, and reasonable margins of safety.
Interest-rate fears bring utility and real estate valuations in line, but the broader market still looks fully valued.
We recently upgraded a few banks and enterprise software firms to wide moat status, and raised our fair value estimates on health-care REITs.