Senior Housing Properties Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Senior Housing Properties Trust (SNH) reported second-quarter net income of $36.4 million, or $0.15 per share, compared to $37.7 million, or $0.19 per share, for the quarter ended June 30, 2014. Normalized FFO were $106.8 million, or $0.45 per share compared to $86.6 million, or $0.43 per share, prior year. The company said the increase in Normalized FFO is primarily the result of acquisitions since July 1, 2014.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $247.40 million from $206.71 million last year. Analysts expected revenue of $244.97 million for the quarter.