Health Care REIT (HCN) Tops Q2 FFO by 1c
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Welltower Reports Second Quarter 2016 Results
August 2, 2016 7:30 AM EDTTOLEDO, Ohio--(BUSINESS WIRE)-- Welltower Inc. (NYSE:HCN) today announced results for the quarter ended June 30, 2016. For the quarter, we generated net income attributable to common stockholders of $0.54 per share, normalized FFO of $1.15 per share and normalized FAD of $1.04 per share. Second quarter results were positively impacted by strong trailing-four-quarter average total same store NOI growth, net investments of $1.9 billion and average net debt to undepreciated book capitalization ratio of 38.7%. Additional second quarter highlights include:
Normalized FFO and FAD per share increased by 6% and 9%, respectively Total portfolio SSNOI grew 3.3%, led by 4.0%... More