Health Care REIT Inc. (HCN) reported that its third-quarter net income attributable to the common stockholders was $19.13 million or $0.17 per share, compared to $53.59 million or $0.55 per share in the same quarter last year.
Normalized Funds from operations for the quarter were $89.18 million, up from $83.32 million in the year ago quarter. Normalized Funds from operations for the quarter were $0.77 per share, down from $0.86 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.
Gross revenues for the quarter were $145.10 million, compared to $139.35 million in the prior year quarter. Four analysts had consensus revenue estimate of $143.07 million for the quarter.
For fiscal 2009, Normalized FFO has been revised to a range of $3.10 to $3.12 per diluted share from $3.07 to $3.14 per share. Normalized FAD has been revised to a range of $2.92 to $2.94 per share from $2.91 to $2.98 per diluted share. Net income attributable to common stockholders has been decreased to a range of $1.61 to $1.63 per share from $1.75 to $1.82 per share. Analysts expect the company to report earnings of $3.13 per share for fiscal 2009.
The prior net income guidance included $5 million of debt extinguishment charges for the secured debt prepayments. The decrease in net income guidance is primarily due to the additional $20.9 million debt extinguishment charge recognized in the third quarter in connection with the company's unsecured senior notes tender offer.
For comments and feedback contact: editorial@rttnews.com
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.