Healthcare Trust of America: 2Q Earnings Snapshot
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SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The Scottsdale, Arizona-based real estate investment trust said it had funds from operations of $85.1 million, or 41 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 41 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 $15.3 million, or 7 cents per share.
The medical office building real estate investment trust posted revenue of $173.3 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $176.4 million.
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The company's shares have fallen nearly 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.71, a decline of almost 7 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 HTA at https://www.zacks.com/ap/HTA