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News Breaks | | | | November 6, 2012 | | 07:35 EDT |  | HCN | 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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| May 8, 2013 | | 17:31 EDT |  | HCN | Health Care REIT 20M share Spot Secondary priced at $73.50
The deal size was increased to 20M shares from 18M shares. UBS, Deutsche Bank and Wells Fargo acted as joint book running managers for the offering. | | | 07:53 EDT | | HCN | Health Care REIT files to sell 18M shares of common stock
UBS Investment Bank, Deutsche Bank Securities, and Wells Fargo Securities will act as joint book-running managers for the offering. | | | 06:02 EDT |  | HCN | Health Care REIT agrees for $1.35B investment with Revera
Health Care REIT announced that the company will partner with Revera to own 47 high-quality seniors housing communities with approximately 5,000 units located in major Canadian metropolitan markets. When the transaction is completed, Health Care REIT will own a 75% interest in the approximately $1.35B portfolio and Revera will own the remaining 25% interest. The portfolio, which is currently 100% owned by Revera, is primarily comprised of independent living communities, with many offering a continuum of care that includes assisted living and/or memory care. Following the closing of the transaction, Revera will continue to manage the communities under an incentive-based management contract. The transaction is expected to close in the second quarter of 2013 and has been approved by each company's board of directors. | |
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