Health Care REIT Inc. (HCN), a real estate investment trust (:REIT), reported third quarter 2012 FFO (funds from operations) of 75 cents per share compared with 85 cents in the year-earlier quarter. The decrease in year-over-year FFO per share was primarily attributable to increased number of outstanding shares in the reported quarter.

We cover below the results of the recent earnings announcement, as well as the subsequent analysts estimate revisions and the Zacks ratings for the short and long-term outlook on the stock.

Third Quarter Review

Excluding one-time items, recurring FFO for the reported quarter was 91 cents per share, compared to 89 cents in the year-ago quarter. The recurring quarterly FFO beat the Zacks Consensus Estimate by 2 cents.

Total revenues during the reported quarter were $474.1 million compared to $370.7 million in the year-earlier quarter. Total revenues for the reported quarter were well ahead of the Zacks Consensus Estimate of $465 million.

Total same-store cash NOI (net operating income) increased 3.6% during the quarter compared to the year-ago period, including 7.0% growth in the senior housing operating portfolio.

Read our full coverage on this earnings report: Health Care REIT Edges Past Estimates

Earnings Estimate Revisions Overview

Fiscal earnings estimates have moved in both directions since the earnings release, suggesting that analysts are circumspect about the long-term performance of the company. We take a look at the earnings estimate details.

Agreement of Estimate Revisions

Read the original here:

Earnings Scorecard: Health Care REIT