FOR IMMEDIATE RELEASE

 

American Realty Capital Healthcare Trust, Inc.
Announces First Quarter 2014 Operating Results

 

Reports 17% Increase in Adjusted FFO of $0.14 Per Diluted Share

 

Completes $222.8 Million of First Quarter Investments

 

Completes Successful Public Listing on NASDAQ Global Select Market

 

New York, New York, May 13, 2014

– American Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT) (“HCT” or the “Company”) announced today its financial and operating results for the first quarter of 2014.

 

“This was a historic quarter for HCT and its shareholders,” said Nicholas S. Schorsch, Executive Chairman of HCT. “At the end of March, we announced our intention to list our common shares on the NASDAQ and began trading on April 7th, meeting our strategic objective of delivering value and liquidity to our retail investors. We are now well-positioned to access public capital to fuel future growth and value.”

 

Earnings Results

 

Revenues for the quarter ended March 31, 2014 increased 199% to $56.0 million from $18.7 million for the comparable period in 2013. Net loss for the quarter ended March 31, 2014 was $7.0 million, which included $28.9 million of depreciation and amortization, compared to a net loss of $3.6 million for the quarter ended March 31, 2013, which included $11.7 million of depreciation and amortization.

 

Funds from Operations (“FFO”) for the quarter ended March 31, 2014 increased 173% to $21.8 million, or $0.12 per diluted share, from $8.0 million, or $0.10 per diluted share, for the comparable period last year (reconciliations of non-GAAP measures are included in the attached tables).

 

Adjusted FFO (“AFFO”) for the quarter increased 159% to $24.9 million, or $0.14 per diluted share, from $9.6 million, or $0.12 per diluted share, for the comparable period last year. Weighted average diluted shares outstanding for the quarter were 182.5 million.

 


The following information was filed by American Realty Capital Healthcare Trust Inc on Wednesday, May 14, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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