Senior Housing Properties Trust is a real estate investment trust. They primarily invest in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. Now that you are properly acquainted with the trust, we can delve into the financials that are only worth reading because of their potential profit. On Monday there was a reported key measure of profitability in its fourth quarter. These results exceeded Wall Street expectations.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 48 cents per share.
1) The company said it had net income of $42.9 million, or 18 cents per share.
2) For the year, the company reported funds from operations of $446.4 million, or $1.88 per share. Revenue was reported as $1.06 billion.
3) The company's shares have increased nearly 7 percent since the beginning of the year. The stock has risen 32 percent in the last 12 months.