MURFREESBORO, Tenn. (AP) 鈥� MURFREESBORO, Tenn. (AP) 鈥� National Health Investors Inc. (NHI) on Monday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Murfreesboro, Tennessee, said it had funds from operations of $59.8 million, or $1.24 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 $40 million, or 82 cents per share.
The health care real estate investment trust, based in Murfreesboro, Tennessee, posted revenue of $115.1 million in the period.
National Health Investors expects full-year funds from operations in the range of $4.94 to $4.99 per share.
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