This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Health Care REIT Management Discusses Q2 2012 Results - Earnings Call Transcript

Certain statements made during this conference call may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Health Care REIT believes results projected in any forward-looking statements are based on reasonable assumptions, the company can give no assurance that its projected results will be attained. Factors and risks that could cause actual results to differ materially from those in the forward-looking statements are detailed in the news release and from time to time in the company's filings with the SEC.

I will now turn the call over to George Chapman, Chairman and CEO and President of Health Care REIT, for his opening remarks. George?

George L. Chapman

Thanks, Jeff. I'm pleased to report another strong quarter for our company and its shareholders. Our relationship investment strategy is hitting on all cylinders, driving $1.1 billion of investments for the second quarter and $1.9 billion year-to-date. And the pipeline remains quite strong. Of the $1.1 billion of new Q2 investments, over 50% of them were with existing partners. As we look over the last 3 quarters, we closed over $2 billion of relationship investments that comprised approximately 2/3 of the total. Importantly, the portfolio generated second quarter year-over-year same-store cash NOI growth of 4.2%. This was led by a strong 7.4% growth from our senior housing operating portfolio. And notably, every category posted at least a 3% NOI growth.

During the last 5 years, we have taken advantage of unprecedented opportunities to transform our portfolio into the most diversified, highest-quality, lowest-risk portfolio in the sector. And in the second quarter, our portfolio exceeded 1,000 properties for the first time. And we have attracted the industry's finest operators and health systems, largely as a result of our reputation as a value-added partner. Importantly, due to our relationship investment program, we have the most predictable, consistent investment pipeline in the sector.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 1.05%
FB $99.75 -4.15%
GOOG $682.74 -0.12%
TSLA $147.99 -8.99%
YHOO $27.05 -3.29%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs