Senior Housing Properties Q4 Profit Meets View - Quick Facts

(RTTNews) - Senior Housing Properties Trust (SNH) Thursday said fourth-quarter net income dropped to $45.3 million, or $0.22 per share, from $72.2 million, or $0.38 per share in the previous year.

Normalized funds from operations, or Normalized FFO, were $0.45 per share, while it totaled $0.43 per share last year. On average, nine analysts polled by Thomson Reuters expected earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues improved to $229.81 million from $200.34 million in the prior year. Analysts expected revenues of $229.91 million.

SNH President and Chief Operating Officer David Hegarty said, "I am pleased with our business performance in the fourth quarter. In addition to growing Normalized FFO per share by 4.7% during the quarter, we generated strong operating results in each of our three major business segments..."