Revenue during the quarter grew 4.09 percent to $875.71 million from $841.27 million in the previous year period.

Cost of revenue went up marginally by 1.86 percent or $6.70 million during the quarter to $366.50 million. Gross margin for the quarter expanded 92 basis points over the previous year period to 58.15 percent.

Operating income for the quarter was $244.88 million, compared with $215.11 million in the previous year period.

For fiscal year 2017, Ventas, Inc. expects diluted earnings per share to be in the range of $1.72 to $1.78.

Revenue from real estate activities during the quarter increased 4.27 percent or $35.05 million to $855.63 million.

Income from operating leases during the quarter rose 11.43 percent or $40.48 million to $394.65 million.

Income from management fees during the quarter plunged 64.79 percent or $7.48 million to $4.06 million. Revenue from other real estate activities during the quarter was almost stable at $456.92 million, when compared with the previous year period.

Other income during the quarter was $20.08 million, down 2.97 percent or $0.61 million from year-ago period.

"Ventas extended its long track record of excellence and success in 2016, generating strong growth and income from a high-quality diverse portfolio while enhancing its financial strength," said chairman and chief executive officer Debra A. Cafaro. "We also delivered 16 percent total shareholder return as our exciting investment in life science and innovation centers and strategic dispositions created additional value. We are confident that demand from an aging population combined with our productive and cohesive team, our leading operator partners and our attractive mix of healthcare, senior living and life science properties will sustain excellence over the long term."

The company has spent $1,234.64 million cash to meet investing activities during the year as against cash outgo of $2,423.69 million in the last year.

Cash flow from financing activities was $101.72 million for the year, down 90.13 percent or $928.40 million, when compared with the last year.

Cash and cash equivalents stood at $286.71 million as on Dec. 31, 2016, up 440.72 percent or $233.68 million from $53.02 million on Dec. 31, 2015.

Net receivables were at $702.02 million as on Dec. 31, 2016, down 18.09 percent or $155.09 million from year-ago.

Real estate investments were almost stable over the past one year at $95.92 million on Dec. 31, 2016.

Total assets grew 4.06 percent or $904.68 million to $23,166.60 million on Dec. 31, 2016. On the other hand, total liabilities were almost stable over the past one year at $12,437.12 million on Dec. 31, 2016.

Return on assets moved up 6 basis points to 1.08 percent in the quarter. At the same time, return on equity moved up 68 basis points to 1.97 percent in the quarter.