Health Care REIT lowers FY12 FFO view to $3.49-$3.53 from $3.53-$3.63 FY12 FFO consensus is $3.51. Relative to prior FFO and FAD guidance, the midpoint of our guidance ranges would be increasing by 4c per share but for the decision to pre-emptively raise capital to fund the Sunrise acquisition, which negatively impacts expectations by 11c per share. As a result normalized FAD has been updated to a range of $3.07-$3.11 per diluted share from $3.11-$3.21 per diluted share. Net income attributable to common stockholders has been revised to a range of 91c-95c per diluted share from $1.07-$1.17 per diluted share. The company now expects up to $700M of dispositions in 2012, up from the previous expectation of $300M, which consist primarily of non-strategic skilled nursing facilities. The company's guidance does not include any additional 2012 investments beyond what has been announced, nor any additional transaction
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