Senior Housing Properties Trust (SNH) reported that its first-quarter funds from operations increased to $74.84 million from $68.80 million in the prior year quarter. But, funds from operations per share declined to $0.41 from last year's $0.42.
Normalized funds from operations were $78.9 million, or $0.43 per share, compared to $72.4 million, or $0.45 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Net income for the quarter was $35.2 million or $0.19 per share compared to net income of $32.4 million, or $0.20 per share in the year ago quarter.
During the first-quarter ended March 31, 2013 and 2012, the company recorded impairment of assets charges of $1.3 million and $3.1 million, respectively, to reduce the carrying value of one of properties to its estimated net sale price.
Total revenues for the quarter rose to $189.43 million from $145.07 million in the prior year quarter. Five analysts had consensus revenue estimate of $190.77 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.