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New Senior Investment Group: 4Q Earnings Snapshot

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

The real estate investment trust, based in New York, said it had funds from operations of $12.3 million, or 15 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 $86.6 million, or $1.05 per share.

The real estate investment trust that owns senior housing properties posted revenue of $118.5 million in the period.

For the year, the company reported funds from operations of $47.3 million. Revenue was reported as $444.3 million.

New Senior Investment Group expects full-year funds from operations in the range of 52 cents to 58 cents per share.

The company's shares have climbed 37 percent since the beginning of the year. The stock has declined 18 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