Senior Housing Properties reports 3Q results [Yahoo! Finance News]
SENIOR HOUSING PROPERTIES (SNH)
Last senior housing properties earnings: 11/7 07:00 am
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Source: Yahoo! Finance News
Senior Housing Properties reports 3Q results NEWTON, Mass. (AP) _ Senior Housing Properties Trust (SNH) on Friday reported a key measure of profitability in its third quarter. The results missed Wall Street expectations. The real estate investment trust, based in Newton, Massachusetts, said it had funds from operations of $105.7 million, or 45 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents 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 $27.9 million, or 12 cents per share. The residential care real estate investment trust posted revenue of $264 million in the period. The company's shares have climbed 31 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months. _____ This story was generated by
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