Seeking Alpha

Health Care REIT names new CEO

  • Thomas DeRosa - currently on the board and a former CFO of The Rouse Company - has been appointed CEO at Health Care REIT (HCN), effective immediately. He succeeds George Chapman, who has retired from the Chairman's role as well.
  • The company affirms FY14 FFO and FAD guidance, and reports more than $500M in gross new investments in Q1.
  • Press release
Comments (2)
  • longkmp42
    , contributor
    Comments (22) | Send Message
     
    Former CEO George Chapman JD had a legal background. The new CEO was a CFO. Mr Chapman has reached retirement age of 65 and is on many civic boards. I wish him a happy and well-deserved retirement. He has been a very good steward of a great company with excellent prospects, domestically and internationally.
    14 Apr 2014, 08:55 AM Reply Like
  • Bruce Miller
    , contributor
    Comments (1239) | Send Message
     
    longkmp
    agreed. I've held HCN since the 90s. It has paid me over twice in dividends what I originally paid for the stock...and all that expansion and geographic diversification over the past several years I'm sure will lead to continued stable growth in the dividends over the years ahead. Yes, there is leverage and yes growth is slow. But as an income investor, income growth that keeps pace with inflation is all I ask for...and HCN has provided it.

     

    BruceM
    14 Apr 2014, 11:57 AM Reply Like
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