Healthcare Trust of America: 4Q Earnings Snapshot
{{#rendered}} {{/rendered}}SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
The Scottsdale, Arizona-based real estate investment trust said it had funds from operations of $68.3 million, or 40 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.
{{#rendered}} {{/rendered}}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 $172.3 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $173 million.
{{#rendered}} {{/rendered}}Healthcare Trust of America expects full-year funds from operations in the range of $1.62 to $1.67 per share.
The company's shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.22, an increase of 10 percent in the last 12 months.
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{{#rendered}} {{/rendered}}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