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Healthcare Realty Trust: Q2 Earnings Snapshot
By AP News - Aug 02, 2024, 06:57 AM ET
Last Updated - Aug 02, 2024, 06:57 AM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Friday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The Nashville, Tennessee-based real estate investment trust said it had funds from operations of $143.5 million, or 38 cents per share, in the period.
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The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 38 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 $143.8 million, or 39 cents per share.
The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $316.3 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $322.1 million.
Healthcare Realty Trust expects full-year funds from operations in the range of $1.53 to $1.58 per share.
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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 HR at https://www.zacks.com/ap/HR
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