Healthcare Realty Trust: Q2 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Healthcare Realty Trust Incorporated (HR) on Tuesday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $67 million, or 45 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 45 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 $6.1 million, or 4 cents per share.
The medical office building real estate investment trust posted revenue of $145.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $201.9 million.