Welltower Revises FY16 Outlook - Quick Facts

(RTTNews) - Welltower Inc. (HCN), a provider of healthcare infrastructure, Wednesday said it now expects to report fiscal 2016 normalized funds from operations or FFO in a range of $4.50 to $4.56 per share, compared to the previous range of $4.50 to $4.60 per share, now representing a 3%-4% increase from 2015. The midpoint decrease is primarily due to an increase in projected dispositions.

The company expects to report normalized funds available for distribution or FAD in a range of $3.99 to $4.05 per share compared to the previous range of $3.95 to $4.05 per share, now representing a 4%-5% increase from 2015. The midpoint increase is primarily due to a decrease in projected capital expenditures offset by an increase in projected dispositions.

On average, 22 analysts polled by Thomson Reuters expected earnings of $4.57 per share. Analysts' estimates typically exclude special items.

The company raised its fiscal 2016 forecast for net income attributable to common stockholders to a range of $3.74 to $3.80 per share from the previous range of $2.74 to $2.84 per share.

Further, the company said it is increasing 2016 SSNOI guidance and now expect growth of approximately 3.0%-3.25% from the previous range of 2.75%-3.25%.