Health Care REIT (HCN) Tops Q2 FFO by 1c

Health Care REIT (NYSE: HCN) reported Q2 FFO of $1.15, $0.01 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.04 billion.

Outlook for 2016 Net income attributable to common stockholders has been revised to a range of $2.74 to $2.84 per diluted share from the previous range of $2.07 to $2.17 per diluted share primarily due to the normalizing items described in Exhibit 1 and estimated gains on assets held for sale. We are affirming our 2016 normalized FFO and FAD guidance and continue to expect to report normalized FFO in a range of $4.50 to $4.60 per diluted share and normalized FAD in a range of $3.95 to $4.05 per diluted share, both representing a 3%-5% increase. Additionally, in preparing our guidance, we have updated the following assumptions:

For earnings history and earnings-related data on Health Care REIT (HCN) click here.

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