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Healthcare Trust of America: 3Q Earnings Snapshot

·1 min read

SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Tuesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.

The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $96.2 million, or 43 cents per share, in the period.

The average estimate of seven 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 $6.3 million, or 3 cents per share.

The medical office building real estate investment trust posted revenue of $187.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $183.4 million.

The company's shares have dropped 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.11, a fall of 14% in the last 12 months.

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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