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Healthcare Realty Trust: Q3 Earnings Snapshot
By AP News - Oct 30, 2024, 06:59 AM ET
Last Updated - Dec 16, 2024, 05:51 PM EST
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Wednesday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $142 million, or 39 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 $93 million, or 26 cents per share.
The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $315.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $314.9 million.
Healthcare Realty Trust expects full-year funds from operations in the range of $1.55 to $1.56 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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