SNH_logoNewton’s Senior Housing Properties Trust has reported $57.2 million in funds from operations, or FFO, for the quarter ended Dec. 31, 2010, compared to $52.4 million in FFO for the same period in 2009.

Net income was $33.9 million for the quarter ended Dec. 31, 2010, compared to net income of $32.1 million for the same period in 2009. Net income for the quarter ended Dec. 31, 2010 includes a non cash impairment of assets charge of $4.9 million related to two properties. Net income for the quarter ended Dec. 31, 2009, includes a non cash impairment of assets charge of $4.3 million related to three properties and a gain of $397,000 relating to the sale of two skilled nursing facilities.

FFO for the year ended Dec. 31, 2010 was $218.8 million, compared to $206.8 million in FFO for the year ended Dec. 31, 2009.

Net income was $116.5 million for the year ended Dec. 31, 2010, compared to net income of $109.7 million for the year ended Dec. 31, 2009.

 

Profits, FFO Edges Up At Senior Housing Properties Trust

by Banker & Tradesman time to read: 1 min
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