Senior Housing Properties Q4 FFO Declines

(RTTNews) - Senior Housing Properties Trust (SNH) Tuesday announced a decline in fourth quarter FFO to $81.385 million or $0.34 per share, from $96.895 million or $0.48 per share last year. Normalised FFO was $112.98 million or $0.48 per share last year.

On average, 9 analysts polled by Thomson Reuters expected the company to earn $0.47 per share. Analysts estimates usually exclude special items.

Net income for the quarter plunged to $9.544 million from $45.29 million in the prior year.

Revenue for the quarter increased to $267.52 million from $229.81 million in the previous year. Wall Street was looking for revenue of $264.18 million.