National Health Investors reports 4Q results

National Health Investors posts 4Q FFO of $50.6 million, results beat profit expectations

MURFREESBORO, Tenn. (AP) _ National Health Investors Inc. (NHI) on Friday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.

The Murfreesboro, Tennessee-based real estate investment trust said it had funds from operations of $50.6 million, or $1.27 per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.26 per share.

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 $41.2 million, or $1.03 per share.

The health care real estate investment trust posted revenue of $65 million in the period. Its adjusted revenue was $64.7 million.

For the year, the company reported funds from operations of $190.7 million, or $4.87 per share. Revenue was reported as $246.2 million.

National Health Investors expects full-year funds from operations in the range of $5.06 to $5.12 per share.

The company's shares have decreased slightly since the beginning of the year. The stock has climbed 28 percent in the last 12 months.

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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

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Keywords: National Health Investors, Earnings Report

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