IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Sabra Healthcare REIT Inc. (SBRA) on Wednesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.

The Irvine, California-based real estate investment trust said it had funds from operations of $78.9 million, or 34 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 34 cents 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 a loss of $9.5 million, or 4 cents per share.

The health care real estate investment trust, based in Irvine, California, posted revenue of $161.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $163.2 million.

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