Welltower Reports Third Quarter 2016 Results
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Welltower (HCN) Tops Q3 FFO by 1c; Boosts FY16 Disposition Outlook
November 2, 2016 8:16 AM EDTWelltower (NYSE: HCN) reported Q3 FFO of $1.16, $0.01 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.06 billion.
Welltower also announced it has increased its 2016 disposition guidance from $1.3 billion to $4.1 billion of proceeds in a strategic repositioning of its premier health care real estate portfolio. As detailed in the companys third quarter 2016 Earnings Release and Supplement issued today, $832 million of total dispositions have closed as of September 30, 2016.
This repositioning will strengthen our focus... More
