Welltower Introduces 2016 Earnings Guidance - Quick Facts

(RTTNews) - Welltower Inc. (HCN) announced, for 2016, the company expects to report net income attributable to common stockholders in a range of $2.04 to $2.14 per share; FFO in a range of $4.50 to $4.60 per share, representing a 3%-5% increase; and FAD in a range of $3.95 to $4.05 per share, representing a 3%-5% increase. The company expects blended same Store Cash NOI growth of approximately 2.5%-3.0% in 2016.

Tom DeRosa, CEO of Welltower, said: "We expect to continue our capital recycling in 2016 with another $1 billion of dispositions which should help increase private pay mix, lower leverage and allow us to operate under a self-funded business model in current equity market conditions."