SCOTTSDALE, Ariz. (AP) _ Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $88.9 million, or 42 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 net income of $8.9 million, or 4 cents per share.
The medical office building real estate investment trust posted revenue of $176.3 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $177 million.
For the year, the company reported funds from operations of $344.3 million, or $1.64 per share. Revenue was reported as $692 million.
Healthcare Trust of America expects full-year funds from operations in the range of $1.69 to $1.73 per share.
The company's shares have increased almost 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.67, a climb of 16% in the last 12 months.