IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Sabra Healthcare REIT Inc. (SBRA) on Tuesday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
The real estate investment trust, based in Irvine, California, said it had funds from operations of $78.3 million, or 33 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 34 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 $17.2 million, or 7 cents per share.
The health care real estate investment trust, based in Irvine, California, posted revenue of $163.4 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $163.5 million.
For the year, the company reported funds from operations of $311.7 million. Revenue was reported as $647.5 million.
Sabra expects full-year funds from operations in the range of $1.39 to $1.43 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBRA at https://www.zacks.com/ap/SBRA