Health Care REIT, Inc. (HCN) reported funds from operations, or FFO, of $205.04 million or $0.78 per share for the fourth quarter versus $154.39 million or $0.83 per share in the same period last year.
Normalized FFO was $222.44 million or $0.85 per share compared to $168.91 million or $0.91 per share a year ago.
Net income attributable to common stockholders surged to $90.57 million or $0.35 per share from $27.28 million or $0.15 per share in the prior-year quarter.
Meanwhile, gross revenues for the three-month period climbed to $500.66 million from $384.56 million in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share on revenues of $497.69 million for the quarter. Analysts' estimates typically exclude special items.
Looking forward, the company provided FFO and FAD guidance for the fiscal 2013. Normalized FFO is expected to range between $3.70 and $3.80 per share and expects normalized FAD range between $3.25 to $3.35 per share. Net income attributable to common stockholders is anticipated to range between $1.30 to $1.40 per share from.
Analysts expect the company to earn $3.88 per share for 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.