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Healthcare Realty Trust: Q4 Earnings Snapshot
By AP News - Feb 19, 2025, 06:54 AM ET
Last Updated - Feb 19, 2025, 06:54 AM EST
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $143.4 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 39 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 $106.8 million, or 31 cents per share.
The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $309.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $307.7 million.
For the year, the company reported funds from operations of $576.8 million. Revenue was reported as $1.27 billion.
Healthcare Realty Trust expects full-year funds from operations in the range of $1.56 to $1.60 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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