SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Monday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $87.1 million, or 42 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 42 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 a loss of $8.5 million, or 4 cents per share.
The medical office building real estate investment trust posted revenue of $175 million in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $173.9 million.
Healthcare Trust of America expects full-year funds from operations in the range of $1.63 to $1.65 per share.
The company's shares have risen 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.36, a climb of 16% in the last 12 months.