Healthcare Realty: 3Q Earnings Snapshot
{{#rendered}} {{/rendered}}NASHVILLE, Tenn. (AP) _ Healthcare Realty Trust Inc. (HR) on Thursday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $48.2 million, or 39 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.
{{#rendered}} {{/rendered}}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 $6.5 million, or 5 cents per share.
The real estate investment trust posted revenue of $113.5 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $111.5 million.
{{#rendered}} {{/rendered}}The company's shares have dropped 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.16, a fall of 13 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on HR at https://www.zacks.com/ap/HR