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Healthcare Realty: Q1 Earnings Snapshot

May 5, 2022 GMT

NASHVILLE, Tenn. (AP) _ Healthcare Realty Trust Inc. (HR) on Thursday reported a key measure of profitability in its first quarter. The results did not meet Wall Street expectations.

The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $68.3 million, or 43 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 45 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.

The company said it had net income of $42.2 million, or 28 cents per share.

The real estate investment trust posted revenue of $142.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $140.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HR at https://www.zacks.com/ap/HR