Published: Friday, 5\/9\/2014 BUSINESS BRIEF <\/p>\n
BLADE STAFF <\/p>\n
Toledos Health Care REIT Inc. on Thursday reported first-quarter funds from operations of $289.7 million, or $1 per share, up 21 percent from a year ago when the figure was $238.8 million, or 91 cents a share. <\/p>\n
Funds from operations is considered the most important metric for a real estate investment trust because unlike a manufacturing plant, a REITs assets appreciate in value rather than depreciate. Health Care REIT, which owns and manages senior living housing and health-care properties, had quarterly revenues of $801.8 million, up 27 percent from $629.7 million a year ago. Its net income fell to $50 million from $55 million a year ago. <\/p>\n
The firms quarterly funds available for distribution, which includes capital expenditures, rose to $260.5 million, or 90 cents a share, from $213.6 million, or 81 cents per share, a year ago. Funds available for distribution include capital expenditure funds that pay the upkeep on a REITs properties. <\/p>\n
Health Care REITs stock rose $1.47 a share, or 2.3 percent, to close at $64.31. <\/p>\n
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Health Care REIT funds increase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Published: Friday, 5\/9\/2014 BUSINESS BRIEF BLADE STAFF Toledos Health Care REIT Inc. on Thursday reported first-quarter funds from operations of $289.7 million, or $1 per share, up 21 percent from a year ago when the figure was $238.8 million, or 91 cents a share. Funds from operations is considered the most important metric for a real estate investment trust because unlike a manufacturing plant, a REITs assets appreciate in value rather than depreciate Continue reading