Sabra Health Care REIT Q3 FFO Rises

(RTTNews) - Sabra Health Care REIT Inc.'s (SBRA) funds from operations for the third quarter of 2014 rose to $24.41 million from $17.50 million in the same quarter last year. Funds from operations rose to $0.51 from $0.46 in the prior year.

Normalized FFO was $0.51 up from $0.47 in the previous year.

Net income attributable to common stockholders rose to $14.64 million or $0.31 per share from $9.24 million or $0.24 per share in the prior year.

Total revenues grew to $43.98 million from $32.93 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share and revenues of $37.96 million for the quarter. Analysts' estimates typically exclude special items.

The company declared a quarterly cash dividend of $0.39 per share of common stock, a $0.01 increase over the quarterly dividend with respect to the second quarter of 2014 and $0.05 increase over the quarterly dividend with respect to third quarter of 2013. The dividend will be paid on November 26, 2014 to common stockholders of record as of the close of business on November 14, 2014.