TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Sabra Healthcare REIT Inc. (SBRA) on Thursday reported a key measure of profitability in its fourth quarter.
The Tustin, California-based real estate investment trust said it had funds from operations of $95.2 million, or 38 cents per share, in the period.
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 net income of $27.2 million, or 11 cents per share.
The health care real estate investment trust, based in Tustin, California, posted revenue of $211.9 million in the period.
For the year, the company reported funds from operations of $365.4 million. Revenue was reported as $774.6 million.
Sabra expects full-year funds from operations in the range of $1.55 to $1.59 per share.
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