Healthcare Realty Trust: Q1 Earnings Snapshot
By AP News
Published - 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.
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.
