TOLEDO, Ohio (AP) - Welltower Inc. (HCN) on Friday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.

TOLEDO, Ohio (AP) Welltower Inc. (HCN) on Friday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.

The real estate investment trust, based in Toledo, Ohio, said it had funds from operations of $396.5 million, or $1.12 per share, in the period.

The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of $1.10 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $182 million, or 52 cents per share.

The senior housing and health care real estate investment trust posted revenue of $979 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $954 million.

Welltower expects full-year funds from operations in the range of $4.32 to $4.37 per share.

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This story has been corrected to report the company's new name.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCN at http://www.zacks.com/ap/HCN

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Keywords: Health Care REIT, Earnings Report