Search
 

HTA Reports NOI Increase; Normalized FFO Unchanged

SCOTTSDALE, AZ-The healthcare REIT's Q2 earnings show same-property cash NOI growth at 3.4% from Q1 and 6.7% year over year. Normalized FFO at $0.16 per diluted share was unchanged from the same time last year.

By Amy Wolff Sorter | Updated on August 04, 2013

SCOTTSDALE, AZ-Healthcare Trust of America Inc.’s Q2 2013 earnings focused on an increase in same-property cash net operating income, an increase in rental income and relatively unchanged normalized funds from operations. Same property cash NOI was at $49.7 million, an increase of $1.6 million (or 3.4%) and an increase of $3.5 million (6.7%) year over year.

Rental income, in the meantime, increased 3% ($2.2 million to $76.6 million) compared to Q2 2012. Though FFO per diluted share increased $0.14 compared to Q2 2012, the normalized FFO of $0.16 per diluted share (or $35.7 million) remained unchanged year over year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.