SCOTTSDALE, Ariz. — Healthcare Trust of America Inc. (HTA) on Tuesday reported a key measure of profitability in its second quarter. The results met Wall Street expectations.
The Scottsdale, Arizona-based real estate investment trust said it had funds from operations of $97.6 million, or 44 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 44 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 net income of $38 million, or 17 cents per share.
The medical office building real estate investment trust posted revenue of $188.6 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $191.3 million.
Healthcare Trust of America expects full-year funds from operations in the range of $1.74 to $1.78 per share.
The company’s shares have climbed roughly 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.30, an increase of 4% 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 HTA at https://www.zacks.com/ap/HTA