Sabra Health Care REIT, Inc. (SBRA) Wednesday said first-quarter funds from operations, or FFO, increased to $17.50 million or $0.46 per share from $11.71 million or $0.32 per share in the same period last year.
Adjusted FFO for the quarter was $16.56 million or $0.43 per share. On average, five analysts polled by Thomson Reuters expected FFO of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net income attributable to common stockholders improved to $9.25 million or $0.25 per share from $4.41 million or $0.12 per share last year.
Revenues totaled $32.02 million, up from $23.73 million last year. Analysts expected revenues of $30.71 million.
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