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Senior Housing Properties 4Q Net Rises To $23.3M Vs $17.5 Million
Wednesday, May 07, 2008 9:31 AM


DOW JONES NEWSWIRES

Senior Housing Properties Trust (NYSE:SNH) (SNH) on Tuesday said its fiscal fourth- quarter net income rose to $23.3 million, or 26 cents a share, from $17.5 million, or 22 cents a share, a year earlier. The trust recorded a loss in the 2007 first quarter of $2 million, or 2 cents a share, for the early retirement of senior notes.

The Newton, Mass., real estate investment trust posted funds from operations of $38.3 million, or 42 cents a share.

Senior Housing Properties' (NYSE:SNH) revenue increased to $49.6 million from $44.8 million.

On average, analysts polled by Thomson Reuters had expected revenue of $50.7 million.

-Shara Tibken; 201-938-5400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   05-07-08 0931   Copyright (c) 2008 Dow Jones & Company, Inc. 
(Source: iStockAnalyst )


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