SCOTTSDALE, Ariz., Oct. 28, 2014 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA") announced results for the quarter ended September 30, 2014.

Third Quarter 2014 Highlights

Operating


    --  Normalized FFO: Increased 19.9% to $45.5 million compared to Q3 2013.
    --  Normalized FFO Per Share: $0.19 per diluted share, an increase of $0.03
        per diluted share, or 19%, compared to Q3 2013.
    --  Normalized FAD: $0.15 per diluted share, or $37.2 million, an increase
        of $0.01 per diluted share, or 7%, compared to Q3 2013.
    --  Same-Property Cash NOI: Increased 3.1% compared to Q3 2013.

Portfolio


    --  Acquisitions: During the quarter, HTA acquired $106.1 million of high
        quality medical office buildings (96% leased and approximately 301,000
        square feet of GLA), increasing the total year-to-date investments to
        $317.6 million.  The acquisitions during the quarter included properties
        located in Charleston, South Carolina; Clearwater, Florida and White
        Plains, New York.
    --  Dispositions: During the quarter, HTA initiated its asset recycling
        program and sold two portfolios of medical office buildings for an
        aggregate gross sales price of $42.0 million.  HTA realized gains of
        $11.8 million from these two dispositions.
    --  Leasing: During the quarter, HTA entered into new or renewal leases on
        approximately 555,000 square feet of GLA, or 3.8% of its portfolio. 
        Tenant retention for the quarter was 85% by GLA.
    --  Leased Rate: At the end of the quarter, the leased rate by GLA was
        91.8%, an increase from 91.4% as of Q3 2013.  The leased rate increased
        30 basis points from June 30, 2014.
    --  In-House Property Management and Leasing Platform: HTA expanded its
        in-house property management and leasing platform by approximately
        258,000 square feet of GLA during the quarter, bringing total in-house
        GLA to 13.3 million square feet, or 91% of HTA's total portfolio.

Balance Sheet and Liquidity


    --  Balance Sheet: At the end of the quarter, HTA had total liquidity of
        $627.9 million, including $609.5 million of availability on its
        unsecured revolving credit facility and $18.4 million of cash and cash
        equivalents.  The leverage ratio of debt to total capitalization was
        34.8%.

Financial Results

Rental Income
Rental income increased 15.7% to $95.3 million for the three months ended September 30, 2014, compared to $82.3 million for the three months ended September 30, 2013. The increase in rental income was primarily driven by $473.5 million of acquisitions since September 30, 2013, together with Same-Property growth.

Normalized FFO
Normalized Funds from Operations ("Normalized FFO") was $0.19 per diluted share, or $45.5 million, for the three months ended September 30, 2014, compared to $0.16 per diluted share, or $37.9 million, for the three months ended September 30, 2013.

FFO
FFO was $0.17 per diluted share, or $40.1 million, for the three months ended September 30, 2014, compared to $0.15 per diluted share, or $34.4 million, for the three months ended September 30, 2013.

Normalized FAD
Normalized Funds Available for Distribution ("Normalized FAD") was $0.15 per diluted share, or $37.2 million, for the three months ended September 30, 2014, compared to $0.14 per diluted share, or $33.8 million, for the three months ended September 30, 2013.

NOI
Net Operating Income ("NOI") was $67.0 million for the three months ended September 30, 2014, compared to $57.1 million for the three months ended September 30, 2013.

Same-Property Cash NOI
Same-Property Cash NOI increased 3.1% to $54.0 million for the three months ended September 30, 2014, compared to $52.4 million for the three months ended September 30, 2013.

General and Administrative Expenses
General and administrative expenses were $5.9 million for the three months ended September 30, 2014, compared to $6.0 million for the three months ended September 30, 2013.

Interest Expense and Change in the Fair Value of Derivative Financial Instruments
The total interest expense and change in the fair value of derivative financial instruments for the three months ended September 30, 2014 was $13.0 million, which included $15.6 million of interest expense related to debt and interest rate swaps, and a net gain of $2.6 million on the change in the fair value of HTA's derivative financial instruments.

HTA ended the quarter with a weighted average borrowing cost of 3.74% per annum, inclusive of interest rate swaps. The weighted average remaining term of the debt portfolio at the end of the quarter was 5.6 years, including extension options.

Net Income
Net income for the three months ended September 30, 2014 was $16.2 million, compared to $5.0 million for the three months ended September 30, 2013. The increase was primarily due to the gain on sales of real estate of $11.8 million in 2014.

Balance Sheet
As of September 30, 2014, HTA had total assets of $3.0 billion, cash and cash equivalents of $18.4 million and $609.5 million available on its unsecured revolving credit facility. The leverage ratio of debt to total capitalization was 34.8%.

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 gross leasable area ("GLA"), an increase from 91.4% as of Q3 2013. The occupancy rate of HTA's portfolio was 91.1% by GLA, an increase from 90.7% as of Q3 2013. Tenant retention for the quarter was 85% by GLA.

Credit Rated Tenants
Investment grade rated tenants as a percent of annualized base rent was 41% as of September 30, 2014. Additionally, 58% of HTA's annualized base rent is 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
During the quarter, HTA expanded its in-house property management and leasing platform by approximately 258,000 square feet of GLA, bringing total in-house GLA to approximately 13.3 million square feet, or 91% of HTA's total portfolio.

About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA), a publicly traded real estate investment trust, is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are predominately located on or aligned with campuses of nationally or regionally recognized healthcare systems in the U.S. Since its formation in 2006, HTA has invested $3.3 billion to build a portfolio of properties that is comprised of approximately 14.6 million square feet of GLA located in 27 states. It operates its properties through regional offices located in Albany, Atlanta, Boston, Charleston, Dallas, Indianapolis, Miami, Pittsburgh and Scottsdale. 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 other filings with the SEC.

Third Quarter Conference Call
HTA will host a conference call and webcast on Wednesday, October 29, 2014 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) to review its financial performance and operating results for the quarter ended September 30, 2014.

Conference Call and Webcast Details:
Domestic Dial-In Number: (877) 507-6265
International Dial-In Number (412) 902-6633
Webcast: www.htareit.com under the Investor Relations tab
Call pre-registration: http://dpregister.com/10053783

Replay Conference Call Details:
Domestic Dial-In Number: (877) 344-7529
International Dial-In Number (412) 317-0088
Conference ID: 10053783
Available October 29, 2014 (one hour after the end of the conference call) to December 1, 2014 at 9:00 a.m. Eastern Time

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

Financial Contact:
Robert A. Milligan
Chief Financial Officer
480.998.3478



                                                 HEALTHCARE TRUST OF AMERICA, INC.

                                               CONDENSED CONSOLIDATED BALANCE SHEETS

                                                 (In thousands, except share data)

                                                            (Unaudited)


                                                                September 30, 2014               December 31,
                                                                                                     2013
                                                                ------------------              -------------

                              ASSETS

    Real estate investments:

    Land                                                                               $272,922                            $203,001

    Building and improvements                                            2,554,006                             2,358,071

    Lease intangibles                                                      413,403                               411,857

                                                                         3,240,331                             2,972,929

    Accumulated depreciation and amortization                            (518,647)                            (445,938)

    Real estate investments, net                                         2,721,684                             2,526,991

    Assets held for sale, net                                               22,930                                     -

    Real estate notes receivable                                             8,520                                28,520

    Cash and cash equivalents                                               18,415                                18,081

    Restricted cash and escrow deposits                                     31,329                                18,114

    Receivables and other assets, net                                      141,561                               110,285

    Other intangibles, net                                                  42,362                                50,343
                                                                            ------                                ------

    Total assets                                                                     $2,986,801                          $2,752,334
                                                                                     ==========                          ==========

                      LIABILITIES AND EQUITY

    Liabilities:

    Debt                                                                             $1,497,136                          $1,214,241

    Accounts payable and accrued liabilities                                98,163                                82,893

    Derivative financial instruments -
     interest rate swaps                                                     4,127                                 5,053

    Security deposits, prepaid rent and other
     liabilities                                                            31,935                                35,339

    Intangible liabilities, net                                             11,520                                11,797
                                                                            ------                                ------

    Total liabilities                                                    1,642,881                             1,349,323

    Commitments and contingencies

    Redeemable noncontrolling interest of
     limited partners                                                        3,258                                 3,262

    Equity:

    Preferred stock, $0.01 par value;
     200,000,000 shares authorized; none
     issued and outstanding                                                      -                                    -

    Class A common stock, $0.01 par value;
     1,000,000,000 shares authorized;
     238,944,761 and 236,880,614 shares issued
     and outstanding as of September 30, 2014
     and December 31, 2013, respectively                                     2,389                                 2,369

    Additional paid-in capital                                           2,147,688                             2,126,897

    Cumulative dividends in excess of earnings                           (820,978)                            (742,060)
                                                                          --------                              --------

    Total stockholders' equity                                           1,329,099                             1,387,206

    Noncontrolling interest                                                 11,563                                12,543
                                                                            ------                                ------

    Total equity                                                         1,340,662                             1,399,749
                                                                         ---------                             ---------

    Total liabilities and equity                                                     $2,986,801                          $2,752,334
                                                                                     ==========                          ==========



                                                                         HEALTHCARE TRUST OF AMERICA, INC.

                                                                  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                                                       (In thousands, except per share data)

                                                                                    (Unaudited)


                                             Three Months Ended September 30,                 Nine Months Ended September 30,
                                             --------------------------------               -------------------------------

                                                   2014                                2013                                 2014        2013
                                                   ----                                ----                                 ----        ----

    Revenues:

    Rental income                                          $95,277                                          $82,349                $274,675  $235,595

    Interest income from real estate
     notes receivable                               257                                 635                                1,834       1,874
                                                    ---                                 ---                                -----       -----

    Total revenues                               95,534                              82,984                              276,509     237,469

    Expenses:

    Rental                                       28,526                              25,837                               85,179      72,435

    General and administrative                    5,935                               5,980                               18,137      18,645

    Acquisition-related                           2,802                               1,403                                8,647       3,086

    Depreciation and amortization                35,802                              29,581                              104,346      87,725

    Listing                                           -                                  -                                   -      4,405
                                                    ---                                ---                                 ---      -----

    Total expenses                               73,065                              62,801                              216,309     186,296
                                                 ------                              ------                              -------     -------

    Income before other income
     (expense)                                   22,469                              20,183                               60,200      51,173

    Other income (expense):

    Interest expense:

    Interest related to derivative
     financial instruments                      (1,433)                            (1,087)                             (4,148)    (3,448)

    Net gain (loss) on change in the
     fair value of derivative financial
     instruments                                  2,564                             (1,955)                               (857)      8,573
                                                  -----                              ------                                 ----       -----

    Total interest related to
     derivative financial instruments,
     including net change in the fair
     value of derivative financial
     instruments                                  1,131                             (3,042)                             (5,005)      5,125

    Interest related to debt                   (14,119)                           (12,146)                            (37,802)   (35,704)

    Gain on sales of real estate                 11,766                                   -                              11,766           -

    Loss on extinguishment of debt, net         (5,028)                                  -                             (4,663)          -

    Other income                                      1                                  10                                   41          28
                                                    ---                                 ---                                  ---         ---

    Net income                                             $16,220                                           $5,005                 $24,537   $20,622

    Net income attributable to
     noncontrolling interests                     (188)                              (182)                               (358)      (423)
                                                   ----                                ----                                 ----        ----

    Net income attributable to common
     stockholders                                          $16,032                                           $4,823                 $24,179   $20,199
                                                           =======                                           ======                 =======   =======

    Earnings per common share - basic:

    Net income attributable to common
     stockholders                                            $0.07                                            $0.02                   $0.10     $0.09
                                                             =====                                            =====                   =====     =====

    Earnings per common share - diluted:

    Net income attributable to common
     stockholders                                            $0.07                                            $0.02                   $0.10     $0.09
                                                             =====                                            =====                   =====     =====

    Weighted average number of common shares
     outstanding:

    Basic                                       238,968                             232,514                              238,099     225,132
                                                =======                             =======                              =======     =======

    Diluted                                     241,432                             235,023                              240,608     226,771
                                                =======                             =======                              =======     =======



                                  HEALTHCARE TRUST OF AMERICA, INC.

                               NOI, CASH NOI AND SAME-PROPERTY CASH NOI

                                            (In thousands)

                                             (Unaudited)


                                             Three Months Ended September 30,
                                           --------------------------------

                                                  2014                            2013
                                                  ----                            ----

    Net income                                             $16,220                      $5,005

    General and
     administrative
     expenses                                    5,935                           5,980

    Acquisition-
     related
     expenses                                    2,802                           1,403

    Depreciation
     and
     amortization
     expense                                    35,802                          29,581

    Interest
     expense and
     the net
     change in
     fair value
     of
     derivative
     financial
     instruments                                12,988                          15,188

    Gain on sales
     of real
     estate                                   (11,766)                              -

    Loss on
     extinguishment
     of debt, net                                5,028                               -

    Other income                                   (1)                           (10)
                                                   ---                             ---

    NOI                                                    $67,008                     $57,147
                                                           =======                     =======

    NOI
     percentage
     growth                                      17.3%
                                                  ====


    NOI                                                    $67,008                     $57,147

    Straight-
     line rent
     adjustments,
     net                                       (2,526)                        (1,565)

    Amortization
     of below and
     above market
     leases, net                                   617                             506

    Lease
     termination
     fees                                         (26)                            (4)
                                                   ---                             ---

    Cash NOI                                               $65,073                     $56,084

    Notes
     receivable
     interest
     income                                      (187)                          (562)

    Non Same-
     Property
     Cash NOI                                 (10,842)                        (3,088)

    Same-
     Property
     Cash NOI (1)                                          $54,044                     $52,434
                                                           =======                     =======

    Same-
     Property
     Cash NOI
     percentage
     growth                                       3.1%
                                                   ===


    (1) Same-Property includes
     253 buildings.


    NOI is a non-GAAP financial measure
     that is defined as net income or
     loss (computed in accordance with
     GAAP) before (i) general and
     administrative expenses, (ii)
     acquisition-related expenses, (iii)
     depreciation and amortization
     expense, (iv) listing expenses, (v)
     interest expense and net change in
     the fair value of derivative
     financial instruments, (vi) gain or
     loss on sales of real estate (vii)
     gain or loss on extinguishment of
     debt and (viii) other income or
     expense.  HTA believes that NOI
     provides an accurate measure of the
     operating performance of its
     operating assets because NOI
     excludes certain items that are not
     associated with the management of
     the properties.  Additionally, HTA
     believes that NOI is a widely
     accepted measure of comparative
     operating performance of REITs.
     However, HTA's use of the term NOI
     may not be comparable to that of
     other REITs as they may have
     different methodologies for
     computing this amount.  NOI should
     not be considered as an alternative
     to net income or loss (computed in
     accordance with GAAP) as an
     indicator of our financial
     performance.  NOI should be reviewed
     in connection with other GAAP
     measurements.


    Cash NOI is a non-GAAP financial
     measure which excludes from NOI (i)
     straight-line rent adjustments,
     (ii) amortization of below and above
     market leases and (iii) lease
     termination fees.  HTA believes that
     Cash NOI provides another
     measurement of the operating
     performance of its operating assets.
      Additionally, HTA believes that
      Cash NOI is a widely accepted
     measure of comparative operating
     performance of REITs.  However,
     HTA's use of the term Cash NOI may
     not be comparable to that of other
     REITs as they may have different
     methodologies for computing this
     amount.  Cash NOI should not be
     considered as an alternative to net
     income or loss (computed in
     accordance with GAAP) as an
     indicator of our financial
     performance.  Cash NOI should be
     reviewed in connection with other
     GAAP measurements.


    To facilitate the comparison of Cash
     NOI between periods, HTA calculates
     comparable amounts for a subset of
     its owned properties referred to as
     "Same-Property."  Same-Property
     Cash NOI excludes properties which
     have not been owned and operated by
     HTA during the entire span of all
     periods presented or are intended to
     be sold in the near term, notes
     receivable interest income and
     certain non-routine items.  Same-
     Property Cash NOI should not be
     considered as an alternative to net
     income or loss (computed in
     accordance with GAAP) as an
     indicator of our financial
     performance.  Same-Property Cash
     NOI should be reviewed in connection
     with other GAAP measurements.



                                                                  HEALTHCARE TRUST OF AMERICA, INC.

                                                                FFO, NORMALIZED FFO AND NORMALIZED FAD

                                                                (In thousands, except per share data)

                                                                             (Unaudited)


                                     Three Months Ended September 30,                 Nine Months Ended September 30,
                                     --------------------------------               -------------------------------

                                           2014                                2013                                 2014       2013
                                           ----                                ----                                 ----       ----

    Net income attributable to
     common stockholders                           $16,032                                            $4,823               $24,179   $20,199

    Depreciation and amortization
     expense                             35,802                              29,581                              104,346     87,725

    Gain on sales of real estate       (11,766)                                  -                            (11,766)          -
                                        -------                                 ---                             -------        ---

    FFO                                            $40,068                                           $34,404              $116,759  $107,924

    Acquisition-related expenses          2,802                               1,403                                8,647      3,086

    Listing expenses                          -                                  -                                   -     4,405

    Net (gain) loss on change in
     fair value of derivative
     financial instruments              (2,564)                              1,955                                  857    (8,573)

    Loss on extinguishment of debt,
     net                                  5,028                                   -                               4,663          -

    Noncontrolling income from
     partnership units included in
     diluted shares                         160                                 173                                  252        384

    Other normalizing items                   -                                (4)                                 209        554
                                            ---                                ---                                  ---        ---

    Normalized FFO                                 $45,494                                           $37,931              $131,387  $107,780

    Other income                            (1)                               (10)                                (41)      (28)

    Non-cash compensation expense         1,025                                 461                                3,279      1,369

    Straight-line rent adjustments,
     net                                (2,526)                            (1,565)                             (6,179)   (4,934)

    Amortization of below and above
     market leases, net                     617                                 506                                1,892      1,576

    Deferred revenue -tenant
     improvement related                  (131)                               (28)                               (403)     (338)

    Amortization of deferred
     financing costs and debt
     discount/premium                       624                                 809                                1,738      2,456

    Recurring capital expenditures,
     tenant improvements and leasing
     commissions                        (7,938)                            (4,327)                            (16,497)   (10,377)
                                         ------                              ------                              -------    -------

    Normalized FAD                                 $37,164                                           $33,777              $115,176   $97,504
                                                   =======                                           =======              ========   =======


    Net income attributable to
     common stockholders per diluted
     share                                           $0.07                                             $0.02                 $0.10     $0.09

    FFO adjustments per diluted
     share, net                            0.10                                0.13                                 0.39       0.39
                                           ----                                ----                                 ----       ----

    FFO per diluted share                            $0.17                                             $0.15                 $0.49     $0.48

    Normalized FFO adjustments per
     diluted share, net                    0.02                                0.01                                 0.06       0.00
                                           ----                                ----                                 ----       ----

    Normalized FFO per diluted share                 $0.19                                             $0.16                 $0.55     $0.48

    Normalized FAD adjustments per
     diluted share, net                  (0.04)                             (0.02)                              (0.07)    (0.05)

    Normalized FAD per diluted share                 $0.15                                             $0.14                 $0.48     $0.43
                                                     =====                                             =====                 =====     =====


    Weighted average number of
     diluted common shares
     outstanding                        241,432                             235,023                              240,608    226,771
                                        =======                             =======                              =======    =======


    HTA computes FFO in accordance with the
     current standards established by the
     National Association of Real Estate
     Investment Trusts ("NAREIT").  NAREIT
     defines FFO, as net income or loss
     attributable to common stockholders
     (computed in accordance with GAAP),
     excluding gains or losses from sales of
     property and impairment write-downs of
     depreciable assets, plus depreciation and
     amortization, and after adjustments for
     unconsolidated partnerships and joint
     ventures.  HTA presents this non-GAAP
     financial measure because it considers it
     an important supplemental measure of its
     operating performance and believes it is
     frequently used by securities analysts,
     investors and other interested parties in
     the evaluation of REITs.  Historical cost
     accounting assumes that the value of real
     estate assets diminishes ratably over
     time.  Since real asset values have
     historically risen or fallen based on
     market conditions, many industry
     investors have considered presentation of
     operating results for real estate
     companies that use historical cost
     accounting to be insufficient by
     themselves.  Because FFO excludes
     depreciation and amortization unique to
     real estate, among other items, it
     provides a perspective not immediately
     apparent from net income or loss
     attributable to common stockholders.


    HTA's methodology for calculating FFO may
     be different from methods utilized by
     other REITs and, accordingly, may not be
     comparable to such other REITs.  FFO
     should not be considered as an
     alternative to net income or loss
     attributable to common stockholders
     (computed in accordance with GAAP) as an
     indicator of our financial performance or
     to cash flow from operating activities
     (computed in accordance with GAAP) as an
     indicator of our liquidity, nor is it
     indicative of sufficient cash flow to
     fund all of our needs.  FFO should be
     reviewed in connection with other GAAP
     measurements.


    HTA computes Normalized FFO, which
     excludes from FFO (i) acquisition-
     related expenses, (ii) listing expenses,
     (iii) net gain or loss on change in the
     fair value of derivative financial
     instruments, (iv) gain or loss on the
     extinguishment of debt, (v)
     noncontrolling income or loss from
     partnership units included in diluted
     shares and (vi) other normalizing items.
     HTA presents this non-GAAP financial
     measure because it allows for the
     comparison of our operating performance
     to other REITs and between periods on a
     consistent basis.  HTA's methodology for
     calculating Normalized FFO may be
     different from the methods utilized by
     other REITs and, accordingly, may not be
     comparable to other REITs.  Normalized
     FFO should not be considered as an
     alternative to net income or loss
     attributable to common stockholders
     (computed in accordance with GAAP) as an
     indicator of our financial performance or
     to cash flow from operating activities
     (computed in accordance with GAAP) as an
     indicator of our liquidity, nor is it
     indicative of sufficient cash flow to
     fund our needs.  Normalized FFO should be
     reviewed in connection with other GAAP
     measurements.


    HTA also computes Normalized FAD, which
     excludes from Normalized FFO (i) other
     income or expense, (ii) non-cash
     compensation expense, (iii) straight-
     line rent adjustments, (iv) amortization
     of below and above market leases, (v)
     deferred revenue - tenant improvement
     related, (vi) amortization of deferred
     financing costs and debt premium/
     discount and (vii) recurring capital
     expenditures, tenant improvements and
     leasing commissions.  HTA believes this
     non-GAAP financial measure provides a
     meaningful supplemental measure of its
     ability to fund its ongoing dividends.
     Normalized FAD should not be considered
     as an alternative to net income or loss
     attributable to common stockholders
     (computed in accordance with GAAP) as an
     indicator of our financial performance or
     to cash flow from operating activities
     (computed in accordance with GAAP) as an
     indicator of our liquidity, nor is it
     indicative of sufficient cash flow to
     fund all of our needs.  Normalized FAD
     should be reviewed in connection with
     other GAAP measurements.

SOURCE Healthcare Trust of America, Inc.