Health Care REIT lifts full-year guidance

|By:, SA News Editor

Q2 normalized FFO per share of $1.06 up 14% Y/Y and FAD per share of $0.94 up 15%. Dividend is $0.795.

Same store NOI growth of 4.4%, led by 7.7% growth in the seniors housing portfolio.

$579M of gross investments in Q2 includes $455M in acquisitions with blended initial yield of 6.5%.

Full-year 2014 normalized FFO guidance is lifted by $0.02 to $4.05-$4.15 per share, representing growth of 6-9%. Normalized FAD guidance is lifted by $0.02 to $3.57-$3.67.

Conference call at 10 ET

Previously: Health Care REIT beats by $0.04, beats on revenue

HCN flat premarket