SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $83.1 million, or 40 cents per share, in the period.
The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 40 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 $13.4 million, or 6 cents per share.
The medical office building real estate investment trust posted revenue of $169 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $172.9 million.
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 climbed slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.67, an increase of 14 percent 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