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

The real estate investment trust, based in Murfreesboro, Tennessee, said it had funds from operations of $57.5 million, or $1.38 per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.38 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 $37.8 million, or 91 cents per share.

The health care real estate investment trust posted revenue of $73 million in the period.

National Health Investors expects full-year funds from operations in the range of $5.47 to $5.51 per share.

The company's shares have increased 1 percent since the beginning of the year. The stock has increased nearly 1 percent in the last 12 months.


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