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. <\/p>\n
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. <\/p>\n
Third Quarter Review <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
Read our full coverage on this earnings report: Health Care REIT Edges Past Estimates <\/p>\n
Earnings Estimate Revisions Overview <\/p>\n
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. <\/p>\n
Agreement of Estimate Revisions <\/p>\n<\/p>\n
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Earnings Scorecard: Health Care REIT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading