Health Care REIT drops per-share profit forecast

9/10/2009

Toledo's Health Care REIT Inc. yesterday announced lower annual profit per share expectations, after completing a stock offering.

The real estate investment trust dropped its per-share profit forecast to $1.75 to $1.82, compared with $1.81 to $1.88 announced earlier.

The trust said it expected its funds from operations to be in the $3.07 to $3.14 a share range, down from $3.11 to $3.18.