Health Care Reit Inc Raises Low End Of Prior FY 2013 FFO Guidance To A Range In Line With Analysts' Estimates

Tuesday, 5 Nov 2013 07:30am EST 

Health Care Reit Inc announced that for fiscal 2013, The Company is increasing the mid-point of its 2013 FFO and FAD normalized guidance by two cents per diluted share to reflect investments, capital activity and operational results year-to-date. Normalized FFO has been increased to a range of $3.74 to $3.80 per diluted share and normalized FAD to a range of $3.29 to $3.35 per diluted share. The Company is revising its fiscal 2013 net income guidance primarily to reflect the net impact of the October debt issuance, depreciation and amortization adjustments for investment activity, normalizing items and gains/losses on property sales. The Company now expects to report net income attributable to common stockholders in a range of $0.29 to $0.35 per diluted share. The company's guidance does not include any additional 2013 investments beyond what it has announced, nor any transaction costs, capital transactions, impairments, unanticipated additions to the loan loss reserve or other additional one-time items, including any additional cash payments other than normal monthly rental payments. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO of $3.78 for fiscal 2013. 

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