Sabra Health Care REIT Turns To Profit In Q2 - Quick Facts

(RTTNews) - Sabra Health Care REIT, Inc. (SBRA) reported second-quarter net income attributable to common stockholders of $12.24 million or $0.28 per share, compared to net loss of $3.19 million or $0.09 per share in the year-ago period.

Funds from operations or FFO for the quarter was $22.00 million or $0.50 per share, up from $5.04 million $0.13 per share in the prior-year period.

Normalized adjusted FFO was $23.61 million or $0.53 per share, compared to $15.66 million or $0.41 per share in the same period last year. On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew to $42.97 million from $32.28 million in the year-ago period. Street had a consensus revenue estimate of $37.46 million.