WASHINGTON (dpa-AFX) - 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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