Healthcare Trust of America, Inc. Reports Third Quarter Earnings

• Net Income Attributable to Common Stockholders: Increased 30.2% to $29.4 million, compared to year-to-date 2015.  Earnings per diluted share increased 16.7% to $0.21 per diluted share, compared to year-to-date 2015.
• FFO: As defined by NAREIT, increased 11.8% to $154.6 million, compared to year-to-date 2015.  FFO per diluted share increased 3.7% to $1.12 per diluted share, compared to year-to-date 2015.
• Normalized FFO: Increased 14.1% to $165.7 million, compared to year-to-date 2015.
• Normalized FFO Per Diluted Share: Increased 5.3% to $1.20 per diluted share, compared to year-to-date 2015.
• Same-Property Cash NOI: Increased $5.6 million, or 3.0%, to $192.8 million, compared to year-to-date 2015.  Same-Property rental revenue increased $4.9 million, or 2.3%, to $218.3 million, compared to year-to-date 2015.

Portfolio

• Investments: HTA completed $633.0 million of investments totaling approximately 2.2 million square feet of GLA that were 93% leased as of the date of acquisition.
• Dispositions: HTA completed the disposition of four senior care facilities located in Texas for an aggregate gross sales price of $26.5 million (approximately 155,000 square feet of GLA), generating a gain of $4.2 million.
• Leasing: HTA entered into new and renewal leases on approximately 1.1 million square feet of GLA, or 6.4% of its portfolio.  Tenant retention for the Same-Property portfolio was 79% by GLA year-to-date, which included approximately 932,000 square feet of expiring leases.  Tenant retention for the Same-Property portfolio, excluding the impact of the Forest Park Medical Center hospital leases, was 84% by GLA year-to-date.  Renewal leases included tenant improvements of $1.29 per square foot per year of the lease term and approximately four days of free rent per year of the lease term. 
• Leased Rate: The leased rate by GLA was 91.8% as of September 30, 2016.  For the Same-Property portfolio the leased rate by GLA was 91.7% as of September 30, 2016.

Capital Markets

• Equity: HTA issued $492.5 million of equity comprised of $297.8 million from the sale of common stock in underwritten public offerings at an average price of $30.64 per share, $122.9 million from the sale of common stock under the at-the-market offering program at an average price of $27.82 per share, and $71.8 million from the issuance of OP Units in connection with acquisition transactions.

Subsequent Events

• Investments: After the quarter end, HTA acquired an investment with a purchase price of $7.2 million.
• Dividends: On October 25, 2016, HTA's Board of Directors approved a quarterly cash dividend of $0.30 per common share.  The dividend will be paid on January 10, 2017 to stockholders of record of its common stock on January 3, 2017.  The dividend represents an annualized rate of $1.20 per share.

Financial Results

Rental Income
Rental income increased 13.8% to $118.3 million for the three months ended September 30, 2016, compared to $103.9 million for the three months ended September 30, 2015.

Net Income
Net income was $6.6 million for the three months ended September 30, 2016 and 2015.

FFO
FFO, as defined by NAREIT, was $0.38 per diluted share, or $54.0 million, for the three months ended September 30, 2016, compared to $0.36 per diluted share, or $46.5 million, for the three months ended September 30, 2015.

Normalized FFO
Normalized FFO was $0.40 per diluted share, or $57.1 million, for the three months ended September 30, 2016, compared to $0.39 per diluted share, or $50.0 million, for the three months ended September 30, 2015.

Normalized FAD
Normalized Funds Available for Distribution ("Normalized FAD") increased 10.2% to $49.2 million, for the three months ended September 30, 2016, compared to $44.7 million for the three months ended September 30, 2015.

NOI
NOI was $81.5 million for the three months ended September 30, 2016, compared to $71.0 million for the three months ended September 30, 2015.

Same-Property Cash NOI
Same-Property Cash NOI increased $2.2 million, or 3.3%, to $68.6 million, for the three months ended September 30, 2016, compared to $66.5 million for the three months ended September 30, 2015.  Same-Property rental revenue increased $2.1 million, or 2.8%, to $77.7 million, for the three months ended September 30, 2016, compared to the three months ended September 30, 2015.

General and Administrative Expenses
General and administrative expenses were $7.3 million for the three months ended September 30, 2016, compared to $6.4 million for the three months ended September 30, 2015. 

Interest Expense and Change in Fair Value of Derivative Financial Instruments
The total interest expense and change in fair value of derivative financial instruments for the three months ended September 30, 2016, was $15.6 million, which included $16.9 million of interest expense related to debt and interest rate swaps, and a net gain of $1.3 million on the change in the fair value of HTA's derivative financial instruments.

HTA ended the quarter with a weighted average interest rate of 3.35% per annum, including the impact of interest rate swaps.  The weighted average remaining term of the debt portfolio was 6.0 years, including extension options.

Balance Sheet
As of September 30, 2016, HTA had total assets of $3.7 billion, cash and cash equivalents of $17.9 million, and $817.5 million available under its unsecured revolving credit facility (includes the impact of $5.5 million of outstanding letters of credit).  The leverage ratio of debt to capitalization was 26.4% as of September 30, 2016.

Leased Rate, Occupancy Rate and Tenant Retention
The leased rate (includes leases which have been executed, but which have not yet commenced) was 91.8% by GLA as of September 30, 2016.  The occupancy rate of HTA's portfolio was 91.3% by GLA as of September 30, 2016.  Tenant retention for the Same-Property portfolio was 67% by GLA for the quarter, which included approximately 309,000 square feet of expiring leases.  Tenant retention for the Same-Property portfolio, excluding the impact of the Forest Park Medical Center hospital leases, was 84% by GLA for the quarter. 

Credit Rated Tenants
Investment grade rated tenants as a percent of annualized base rent was 44% as of September 30, 2016.  Additionally, 60% of HTA's annualized base rent as of September 30, 2016 was derived from tenants that have (or whose parent companies have) a credit rating from a nationally recognized rating agency.

In-House Property Management and Leasing Platform
As of September 30, 2016, HTA's in-house property management and leasing platform operated approximately 16.0 million square feet of GLA, or 91% of HTA's total portfolio.

About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings ("MOBs") in the United States, based on gross leasable area ("GLA").  We provide the real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations.  Over the last decade, we have invested $4.2 billion primarily in MOBs and other healthcare assets comprising 17.6 million square feet of GLA.  Our investments are targeted in 20 to 25 key markets that we believe have superior healthcare demographics that support strong, long-term demand for medical office space.  We have achieved, and continue to achieve, critical mass within these key markets by expanding our presence through accretive acquisitions, and utilizing our in-house operating expertise through our regionally located property management and leasing platform.

Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that we believe have significantly outperformed the S&P 500 and US REIT indices.  More information about HTA can be found on the Company's website at www.htareit.com.

Forward-Looking Language
This press release contains certain forward-looking statements with respect to HTA.  Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, plans or predictions of the future, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Because such statements include risks, uncertainties and contingencies, actual results may differ materially and in adverse ways from those expressed or implied by such forward-looking statements.  These risks, uncertainties and contingencies include, without limitation, the following: changes in economic conditions generally and the real estate market specifically; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the availability of capital; changes in interest rates; competition in the real estate industry; the supply and demand for operating properties in our proposed market areas; changes in accounting principles generally accepted in the United States of America; policies and guidelines applicable to REITs; the availability of properties to acquire; and the availability of financing.  Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in our Annual Report on Form 10-K and in our filings with the SEC.

Conference Call
HTA will host a conference call and webcast on Wednesday, October 26, 2016 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) to review its financial performance and operating results for the three and nine months ended September 30, 2016.

Conference Call and Webcast Details:
Domestic Dial-In Number: (877) 507-6265
International Dial-In Number: (412) 902-6633
Canada Dial-In Number: (855) 669-9657
Webcast: www.htareit.com under the Investor Relations tab

Replay Conference Call Details:
Domestic Dial-In Number: (877) 344-7529
International Dial-In Number: (412) 317-0088
Canada Dial-In Number: (855) 669-9658
Conference ID: 10093740
Available October 26, 2016 (one hour after the end of the conference call) to November 26, 2016 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time)

Supplemental Information
Supplemental financial data are available on the HTA's website at www.htareit.com.

HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
		September 30, 2016				December 31, 2015
ASSETS
Real estate investments:
Land		$	381,745			$	303,706
Building and improvements		3,406,897				2,901,157
Lease intangibles		466,434				430,749
		4,255,076				3,635,612
Accumulated depreciation and amortization		(779,378)				(676,144)
Real estate investments, net		3,475,698				2,959,468
Cash and cash equivalents		17,938				13,070
Restricted cash and escrow deposits		13,689				15,892
Receivables and other assets, net		160,837				141,703
Other intangibles, net		47,728				42,167
Total assets		$	3,715,890			$	3,172,300
LIABILITIES AND EQUITY
Liabilities:
Debt		$	1,712,598			$	1,590,696
Accounts payable and accrued liabilities		104,202				94,933
Derivative financial instruments - interest rate swaps		4,866				2,370
Security deposits, prepaid rent and other liabilities		44,828				46,295
Intangible liabilities, net		36,928				26,611
Total liabilities		1,903,422 Werbung Mehr Nachrichten zur Healthcare Realty Trust A Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 24.04.24 - PR Newswire Fidelity China Special Situations Plc - Transaction in Own Shares 24.04.24 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 24.04.24 - PR Newswire Fidelity European Trust Plc - Monthly Factsheet Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59