IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — American Healthcare REIT Inc. (AHR) on Tuesday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations.
The Irvine, California-based real estate investment trust said it had funds from operations of $47.7 million, or 36 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 32 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $4.1 million, or 3 cents per share.
The real estate investment trust posted revenue of $523.8 million in the period.
American Healthcare REIT expects full-year funds from operations in the range of $1.40 to $1.43 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AHR at https://www.zacks.com/ap/AHR
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