MURFREESBORO, Tenn. (AP) — MURFREESBORO, Tenn. (AP) — National Health Investors Inc. (NHI) on Tuesday reported a key measure of profitability in its fourth quarter.
The Murfreesboro, Tennessee-based real estate investment trust said it had funds from operations of $37 million, or 85 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 $1.9 million, or 4 cents per share.
The health care real estate investment trust posted revenue of $70.7 million in the period.
For the year, the company reported funds from operations of $192.5 million, or $4.30 per share. Revenue was reported as $278.2 million.
National Health Investors expects full-year funds from operations in the range of $4.24 to $4.30 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NHI at https://www.zacks.com/ap/NHI