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Healthcare Realty Trust: Q1 Earnings Snapshot
By AP News - May 09, 2023, 06:51 AM ET
Last Updated - Jun 21, 2023, 09:43 PM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Tuesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The Nashville, Tennessee-based real estate investment trust said it had funds from operations of $152.8 million, or 40 cents per share, in the period.
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The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 41 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 $87.1 million, or 23 cents per share.
The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $332.9 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a HR">Zacks stock report on HR at https://www.zacks.com/ap/HR
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