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National Health Investors: 2Q Earnings Snapshot

August 8, 2019

MURFREESBORO, Tenn. (AP) _ National Health Investors Inc. (NHI) on Thursday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations.

The Murfreesboro, Tennessee-based real estate investment trust said it had funds from operations of $59 million, or $1.36 per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.37 per share.

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 million, or 92 cents per share.

The health care real estate investment trust posted revenue of $78.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $77 million.

National Health Investors expects full-year funds from operations in the range of $5.44 to $5.50 per share.

The company’s shares have climbed 6.5% since the beginning of the year. The stock has climbed 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NHI at https://www.zacks.com/ap/NHI

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