U.S. Markets open in 1 hr 18 mins

New Senior Investment Group: 3Q Earnings Snapshot

NEW YORK (AP) _ New Senior Investment Group Inc. (SNR) on Thursday reported a key measure of profitability in its third quarter.

The New York-based real estate investment trust said it had funds from operations of $9.8 million, or 12 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 a loss of $20.3 million, or 25 cents per share.

The real estate investment trust that owns senior housing properties posted revenue of $117.8 million in the period.

The company's shares have declined 23 percent since the beginning of the year. The stock has decreased 35 percent in the last 12 months.


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