What were the key drivers of the company's revenue growth in the third quarter of 2014?

Revenue growth was primarily driven by strong performance across the company's seniors housing and medical facilities segments, supported by ongoing acquisitions and effective asset management. Rental income and resident fees and services represented a significant portion of total revenues.

How has the company's financial position evolved from the end of 2013 to the end of the third quarter of 2014?

The company's financial position strengthened, with total assets increasing to $24.54 billion. Notably, cash and cash equivalents saw a substantial increase to $998.7 million, indicating improved liquidity. Debt levels remained managed, with the company reporting compliance with its debt covenants.

What is the company's outlook for investments and capital deployment?

The company maintains a positive outlook, expecting attractive investment opportunities to remain available. They plan to leverage their relationship investment strategy and utilized over $6.0 billion in aggregate gross proceeds from equity and debt issuances over the preceding 21 months to fund previous investments, and expect to continue accessing capital markets for future investments and debt repayment.

How is the company managing its debt and credit facilities?

Health Care REIT, Inc. enhanced its primary unsecured credit facility in July 2014, increasing borrowing capacity and extending the agreement term. The company reported compliance with all debt covenants and indicated that a significant portion of its debt is managed through long-term, fixed-rate instruments or hedged to mitigate interest rate risk.

WELL 10-Q Quarterly Report Q3 FY2014 — Revenue, Net Income, EPS

Summary

Health Care REIT, Inc. (WELL) reported its third-quarter and year-to-date financial results for the period ending September 30, 2014. The company demonstrated significant revenue growth, with total revenues increasing to $847.5 million for the quarter and $2.48 billion for the nine months, up from $783.7 million and $2.09 billion in the prior year periods, respectively. This growth was primarily driven by strong performance across its seniors housing and medical facilities segments. Net income attributable to common stockholders saw a substantial increase, reaching $136.3 million for the quarter, a significant jump from $20.7 million in Q3 2013, and $258.1 million for the nine months, up from $67.2 million in the same period last year. The company also highlighted robust investment activity, with $1.55 billion in acquisitions during the first nine months of 2014 across its seniors housing and medical facilities segments. Liquidity remains strong, with $998.7 million in cash and cash equivalents and $2.5 billion in available borrowing capacity under its primary unsecured credit facility, which was also enhanced in July 2014. WELL's business strategy continues to focus on protecting stockholder capital and enhancing value through diversified investments and proactive asset management.

Financial Highlights

35 data points

Beta

Revenue

$847.52M

Net Income

$152.77M

0.2% Net Margin

EPS (Diluted)

$0.44

Total Assets

$24.54B

Cash & Equivalents

$998.68M

Free Cash Flow

$258.63M

Financial Statements

Beta

Revenue	$847.52M
SG&A Expenses	$30.80M
Operating Expenses	$731.92M
Interest Expense	$118.44M
Net Income	$152.77M
EPS (Basic)	$0.44
EPS (Diluted)	$0.44
Shares Outstanding (Basic)	311.12M
Shares Outstanding (Diluted)	312.81M

Key Highlights

1Total revenues increased to $847.5 million in Q3 2014 and $2.48 billion for the first nine months of 2014, compared to $783.7 million and $2.09 billion in the prior year periods, respectively.
2Net income attributable to common stockholders surged to $136.3 million in Q3 2014 ($0.44 per share) from $20.7 million ($0.07 per share) in Q3 2013. Year-to-date net income attributable to common stockholders was $258.1 million ($0.86 per share).
3The company completed $1.55 billion in acquisitions during the first nine months of 2014 across its seniors housing and medical facilities segments.
4Total assets grew to $24.54 billion as of September 30, 2014, from $23.08 billion as of December 31, 2013.
5Cash and cash equivalents increased significantly to $998.7 million at September 30, 2014, from $158.8 million at December 31, 2013.
6The company enhanced its primary unsecured credit facility in July 2014, providing a $2.5 billion revolving credit line and extending its availability.
7Dividends per common share increased to $0.795 for the quarter ended September 30, 2014, up from $0.765 in the same period last year.

WELLTOWER INC. Quarterly Report for Q3 Ended Sep 30, 2014

Summary

Financial Highlights

Key Highlights

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