What is the company's overall financial health and performance during this period?

Health Care REIT, Inc. demonstrated strong financial health and performance for the nine months ended September 30, 2008. Total assets grew to $6.02 billion, with a significant portion in real estate investments. Revenues and net income showed substantial year-over-year growth, driven by increased rental income from acquisitions and existing properties. The company also successfully raised significant capital through equity offerings, enhancing its liquidity and financial flexibility.

How did the company manage its debt and interest expenses?

The company's total liabilities increased slightly to $2.81 billion. While interest expense increased due to higher borrowings, the company maintained compliance with its debt covenants and a healthy interest coverage ratio. Management actively managed its debt through a mix of senior unsecured notes and secured debt, and it continued to utilize its unsecured line of credit, though outstanding balances fluctuated. The company also employed derivative instruments, such as interest rate swaps, to hedge against interest rate fluctuations.

What are the key drivers of revenue growth for Health Care REIT, Inc.?

The primary drivers of revenue growth are rental income and interest income. Rental income, representing the bulk of the company's revenue, increased due to strategic acquisitions of senior housing and health care real estate properties, as well as organic growth from existing leases, many of which include annual rental escalators. Interest income from real estate loans receivable also contributed to revenue growth.

What is the company's strategy for growth and future investments?

The company's strategy is to protect stockholder capital and enhance stockholder value by investing across a broad spectrum of senior housing and health care real estate. It aims to pay consistent cash dividends and increase them over time through portfolio growth. Growth is pursued through acquisitions and development, funded by internally generated cash, debt, and equity offerings. The company also focuses on managing risk through diversification and strong asset management practices.

WELL 10-Q Quarterly Report Q3 FY2008 — Revenue, Net Income, EPS

Summary

Health Care REIT, Inc. (WELL) reported solid financial performance for the nine months ended September 30, 2008, characterized by substantial growth in revenues and net income, driven by strategic property acquisitions and robust rental income. Total assets grew to $6.02 billion, with net real estate investments reaching $5.76 billion. The company successfully navigated a challenging economic environment, demonstrating resilience through its diversified portfolio of senior housing and health care facilities. Significant capital raises through multiple common stock offerings in 2008 bolster the company's liquidity and provide resources for future investments. The company's strategic focus on senior housing and health care real estate continues to yield positive results, supported by favorable demographic trends and increasing demand for healthcare services. While interest expenses saw an increase, primarily due to higher borrowings, the company maintained compliance with its debt covenants and a healthy interest coverage ratio. The company's commitment to returning value to shareholders is evident in its consistent dividend payments.

Key Highlights

1Total assets increased to $6.02 billion as of September 30, 2008, from $5.21 billion at December 31, 2007.
2Rental income increased by 18% to $276.1 million for the nine months ended September 30, 2008, compared to $234.4 million in the prior year period.
3Net income available to common stockholders saw a substantial increase of 229% to $241.9 million for the nine months ended September 30, 2008, compared to $73.5 million in the prior year period.
4The company completed multiple public offerings of common stock, raising approximately $737.3 million in net proceeds during the nine months ended September 30, 2008, strengthening its capital position.
5Rental income from investment properties increased by 18% to $276.1 million for the nine months ended September 30, 2008, while medical office building rental income rose by 25% to $100.2 million.
6The company maintained a strong focus on its core business, with investment properties and medical office buildings comprising the vast majority of its assets and revenues.
7Dividends declared and paid per common share increased to $2.02 for the nine months ended September 30, 2008, from $1.62 in the comparable period of 2007.

WELLTOWER INC. Quarterly Report for Q3 Ended Sep 30, 2008

Summary

Key Highlights

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