TUSTIN, Calif. (AP) 鈥� TUSTIN, Calif. (AP) 鈥� Sabra Healthcare REIT Inc. (SBRA) on Wednesday reported a key measure of profitability in its first quarter.
The Tustin, California-based real estate investment trust said it had funds from operations of $100.1 million, or 39 cents per share, in the period.
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 $40.9 million, or 16 cents per share.
The health care real estate investment trust, based in Tustin, California, posted revenue of $221.8 million in the period.
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