Senior Housing Properties Trust (SNH) reported that third quarter net income was $15.57 million, or $0.13 per share, compared to $29.15 million, or $0.25 per share, last year.
Funds from operations, or FFO, for the quarter was $49.4 million, compared to $47.0 million in the same quarter last year. FFO per share was $0.41, flat with the prior year quarter.
On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share. Analysts' estimates typically exclude special items.
Total revenues grew to $72.37 million from $59.67 million in the same quarter last year. Six analysts estimated revenues of $72.28 million.
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