Tuesday, May 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Health Care REIT loses $8.5 M in 2nd quarter

Health Care REIT Inc., the Toledo real estate investment trust that focuses on hospital and senior living properties, on Tuesday reported a second-quarter loss of $8.5 million, or 3 cents a share. That compared with the same period a year ago when it had a profit of $54.7 million, or 25 cents a share.

The company, which at the end of the second quarter wrapped up its $4.3. billion acquisition of Sunrise Senior Living Inc., said its quarterly revenues rose to $682.1 million, up 55 percent from $438.7 million a year earlier.

The trust’s second quarter funds from operations, a key measurement for the performance of real estate investment trusts, was $256 million, or 93 cents a share, up from $190.7 million, or 89 cents a share for the same period a year ago. That was a cent higher than the analysts’ consensus estimate.

Health Care REIT’s stock, which is traded on the New York Stock Exchange, closed Tuesday at $63.29 a share, down 9 cents.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…