$HCN (Welltower Inc.)

$HCN {{ '2016-11-02T13:01:36+0000' | timeago}} • Announcement

Health care infrastructure company $HCN reported a higher quarterly profit and funds from operations, helped by strong net operating income growth and a rise in net investments. The company reported 3Q16 EPS of $0.93, up from $0.52 a year ago. FFO rose to $1.16 from $1.12 per share.

$HCP {{ '2017-05-15T13:33:59+0000' | timeago}} • Announcement

$HCP appointed Scott Brinker as EVP and Chief Investment Officer, with an effective date of Jan. 4, 2018. Brinker will report to $HCP's CEO Tom Herzog. Brinker most recently served as Chief Investment Officer at $HCN from July 2014 to January 2017.

$HCN {{ '2017-05-05T15:33:48+0000' | timeago}} • Webcast

In terms of acquisition activity, health real estate firm $HCN said it will not do any acquisitions in 2017 other than those completed in 1Q17. The company anticipates funding additional development of approx. $265MM on projects that are currently underway, and expects development conversions of approx. $375MM.

$HCN {{ '2017-05-05T15:01:37+0000' | timeago}} • Webcast

$HCN is having active conversations with Johns Hopkins Medicine around research and clinical collaboration. Welltower and Johns Hopkins are working together to come up with programs and explore developing facilities to serve and treat the elderly. $HCN said the conversations are going in right direction and turning into more tangible projects.

$HCN {{ '2017-05-05T14:06:21+0000' | timeago}} • Announcement

$HCN BoD declared a cash dividend for 1Q17 of $0.87 per share, as compared to $0.86 per share for the same period in 2016. The dividend will be paid on May 22, 2017.

$HCN {{ '2017-05-05T14:03:43+0000' | timeago}} • Announcement

For FY17, $HCN revised its net income attributable to common stockholders to a range of $2.39-2.49 per share from the previous range of $2.65-2.75 per share. Normalized FFO range was affirmed at $4.15-4.25 per share, and same store NOI is expected between 2% and 3%.

$HCN {{ '2017-05-05T13:59:26+0000' | timeago}} • Announcement

Thanks to higher revenue and lower costs, REIT $HCN more than doubled its earnings in 1Q17. Net income attributable to common shareholders was $312MM, or $0.86 per share, compared to $149MM, or $0.42 per share in the year-ago period. Revenue rose 1.4% to $1.06Bil and normalized FFO attributable to common stockholders was $1.05 per share.

$HCN {{ '2017-02-22T17:44:11+0000' | timeago}} • Webcast

In 4Q16, $HCN invested $878MM at an average yield of 6.7%. Around 73% of these investments were with the company's existing partners. During the quarter, the company also created a new joint venture with the Northbridge Companies.

$HCN {{ '2017-02-22T13:14:39+0000' | timeago}} • Announcement

For 2017, $HCN expects net income in a range of $2.65 to $2.75 per diluted share and normalized FFO in a range of $4.15 to $4.25 per diluted share. The company anticipates funding development of approx. $323MM for 2017 and average blended same store NOI growth of approx. 2-3%.

$HCN {{ '2017-02-22T13:08:45+0000' | timeago}} • Announcement

Healthcare infrastructure provider $HCN reported net income of $333MM, or $0.91 per diluted share, for 4Q16. This compares with net income of $132.9MM, or $0.37 per diluted share, reported in 4Q15. Normalized FFO was $1.10 per share. Gross revenue for the quarter grew 5% YoverY to $1.07Bil.

$HCN {{ '2016-11-02T15:45:12+0000' | timeago}} • Webcast

$HCN has more than 20 operating partners in seniors housing alone who are presenting many opportunities. A lot of these opportunities are in redevelopment where the company may provide a portion of the capital for project start-up with a purchase option after project stabilization. $HCN expects to do more of these types of investments.

$HCN {{ '2016-11-02T15:17:23+0000' | timeago}} • Webcast

$HCN agreed with Genesis Healthcare and the third-party buyers to reduce the rent going forward by about 5% on both portfolios. This comes to about $8MM of rent in year one. In exchange for this, Genesis gave $HCN a note with a four-year term that bears interest at a 10% rate.

$HCN {{ '2016-11-02T14:54:17+0000' | timeago}} • Webcast

$HCN's same store net operating income in the operating portfolio grew 2.2% in 3Q16. Rental rates were up 4% and occupancy increased 70BP over 3Q15. This allowed to offset higher labor costs which were a headwind as expected. In triple net seniors housing, same store net operating income grew 2.6% and payment coverage continues to grow.

$HCN {{ '2016-11-02T14:35:49+0000' | timeago}} • Webcast

During 3Q16, $HCN’s normalized FFO increased 4% and funds available for distribution (FAD) increased 5% compared to 3Q15. Same store net operating income was up 2.6%. The company is increasing its same store net operating income guidance for full-year 2016 to a range of 3-3.25%.

$HCN {{ '2016-11-02T13:07:36+0000' | timeago}} • Announcement

$HCN raised its 2016 EPS outlook, citing estimated gains on projected dispositions, and estimated debt extinguishments. 2016 EPS have been raised to $3.74-3.80 from $2.74-$2.84. $HCN however cut the upper end of its FFO outlook to a range of $4.50-$4.56 per share from $4.50-$4.60 per share due to an increase in projected dispositions.

$HCN {{ '2016-11-02T13:01:36+0000' | timeago}} • Announcement

Health care infrastructure company $HCN reported a higher quarterly profit and funds from operations, helped by strong net operating income growth and a rise in net investments. The company reported 3Q16 EPS of $0.93, up from $0.52 a year ago. FFO rose to $1.16 from $1.12 per share.

$HCN {{ '2016-08-02T19:01:42+0000' | timeago}} • Webcast

$HCN said Mercedes Kerr was named as EVP and member of the $HCN Management Committee. The company also said that Matthew McQueen, Senior VP of Legal, was named General Counsel and Corporate Secretary.

$HCN {{ '2016-08-02T18:54:52+0000' | timeago}} • Webcast

$HCN had liquidity of over $2.7Bil available at 2Q16-end with $745MM of line borrowings and $467MM in cash on balance sheet. Net debt to adjusted EBITDA improved to 5.5 times. As of June 30, the company's UK exposure is over 80% hedged. $HCN increased its disposition forecast for 2016 to $1.3Bil in proceeds.

$HCN {{ '2016-08-02T18:40:26+0000' | timeago}} • Webcast

$HCN said in 2Q16, triple net seniors housing same-store NOI grew 2.8% in line with expectations and payment coverage moved higher. Skilled nursing and post acute same store NOI increased 3.6% while payment coverage declined.

$HCN {{ '2016-08-02T18:30:03+0000' | timeago}} • Webcast

$HCN entered into a definitive agreement to acquire a private pay portfolio of 19 seniors housing communities for $1.15Bil at a stabilized yield of mid to high 6%. The portfolio includes 2,590 units concentrated in Southern California and Northern California. The properties are currently operated by Vintage Senior Living.

$HCN {{ '2016-08-02T18:23:52+0000' | timeago}} • Webcast

Healthcare infrastructure provider $HCN said funds available for distribution was up 9% in 2Q16. Overall same-store NOI for all of $HCN was up 3.3% versus last year. This was largely driven by the performance of the seniors housing business. The senior housing operating portfolio registered 4% same-store NOI growth versus prior year.

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