Healthcare Realty Q1 2020 Earnings Report
Key Takeaways
Healthcare Trust of America, Inc. reported its first quarter 2020 results. Net income attributable to common stockholders was $17.9 million, or $0.08 per diluted share. Normalized FFO was $93.6 million, or $0.42 per diluted share, an increase of $0.02, or 5.0%, per diluted share, compared to 2019. Same-Property Cash Net Operating Income increased $3.0 million, or 2.7%, to $115.4 million, compared to Q1 2019.
Net income Attributable to Common Stockholders was $17.9 million, or $0.08 per diluted share, an increase of $0.02 per diluted share, compared to 2019.
Funds From Operations (“FFO”), as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), was $93.1 million, or $0.42 per diluted share, for Q1 2020.
Same-Property Cash Net Operating Income (“NOI”) increased $3.0 million, or 2.7%, to $115.4 million, compared to Q1 2019.
HTA's portfolio had a leased rate of 90.8% by gross leasable area (“GLA”) and an occupancy rate of 89.9% by GLA for Q1 2020.
Healthcare Realty
Healthcare Realty
Healthcare Realty Revenue by Segment
Forward Guidance
Given the current environment, we are formally withdrawing our earnings guidance for 2020.