Healthcare Realty: 2Q Earnings Snapshot
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NASHVILLE, Tenn. (AP) _ Healthcare Realty Trust Inc. (HR) on Thursday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $49 million, or 40 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share.
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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 $37.7 million, or 30 cents per share.
The real estate investment trust posted revenue of $111.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $112.4 million.
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The company's shares have declined almost 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.92, a fall of roughly 9 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on HR at https://www.zacks.com/ap/HR