Stock Monitor: Universal Health Realty Income Trust Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 27, 2018 / Active-Investors.com has just released a free earnings report on Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HTA. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 15, 2018. The medical office building real estate investment trust's FFO numbers were in-line with market estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Universal Health Realty Income Trust (NYSE: UHT), which also belongs to the Financial sector as the Company Healthcare Trust of America. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=UHT

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Healthcare Trust of America most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HTA

Earnings Highlights and Summary

For Q4 2017, HTA's revenues totaled $173.6 million compared to $121.9 million in Q4 2016. The Company's rental income surged 42.4% to $173.8 million in the reported quarter compared to $121.9 million in the prior year's same quarter. HTA's revenue numbers fell short of analysts' estimates of $176.1 million.

During Q4 2017, HTA's net operating income (NOI) advanced 44.2% to $120.5 million compared to $83.6 million in Q4 2016. The Company's same-property cash NOI grew 2.8% to $82.5 million in the reported quarter versus $80.2 million in the year earlier comparable quarter.

HTA's net income increased to $43.5 million, or $0.20 per diluted share, in Q4 2017 compared to $17.2 million, or $0.11 per diluted share, in Q4 FY16.

For Q4 2017, HTA's funds from operations (FFO), as defined by the National Association of Real Estate Investment Trusts (NAREIT), were $85.6 million, or $0.41 per diluted share, compared to $60.9 million, or $0.42 per diluted share, in Q4 2016. The Company's normalized FFO were $0.42 per diluted share compared to $0.41 per diluted share in the year ago same period. HTA's FFO numbers met Wall Street's estimates of $0.42 per share.

HTA's normalized funds available for distribution (FAD) advanced 39.1% to $72.6 million in Q4 2017 compared to $52.2 million in Q4 2016.

Annual Results

For the full fiscal year ended December 31, 2017, HTA's revenues totaled $614.0 million, up 33% compared to $460.6 million in FY17. The Company's rental income increased 33.0% to $612.6 million compared to $460.6 million in FY16.

For FY17, HTA's net income totaled $65.6 million, or $40.34 per diluted share, compared to $47.3 million, or $0.33 per diluted share, in FY16.

HTA's FFO, as defined by NAREIT, were $284.2 million, or $1.53 per diluted share, in FY17 compared to $215.6 million, or $1.54 per diluted share, in FY16. The Company's normalized FFO were $1.63 per diluted share in FY17 compared to $1.61 per diluted share in FY16.

Portfolio Update

During Q4 2017, HTA completed investments of $32.7 million, which consisted of medical office buildings (MOB), a parcel of land which was part of the acquisition of the Duke Assets, and an expansion project. The Company completed the disposition of three MOB located in Wisconsin and California, for an aggregate sales price of $80.2 million, totaling approximately 195,000 square feet of gross leasable area (GLA), generating gains of $37.8 million.

In Q4 2017, HTA entered into new and renewal leases on approximately 672,000 square feet of GLA, or 2.8% of its portfolio.

Tenant Retention

For Q4 2017, HTA's tenant retention for the same-property portfolio was 86% by GLA, which included approximately 217,000 square feet of GLA of expiring leases. Renewal leases included tenant improvements of $2.39 per square foot per year of the lease term, and approximately 10 days of free rent per year of the lease term.

HTA's leased rate was 91.8% by GLA as of December 31, 2017. The occupancy rate of HTA's portfolio was 91.0% by GLA as of December 31, 2017. Tenant retention for the same-property portfolio was 78% by GLA as of December 31, 2017, which included approximately 1.5 million square feet of GLA of expiring leases.

HTA's investment grade rated tenants was 47% of annualized base rent as of December 31, 2017. As of December 31, 2017, the Company's in-house property management and leasing platform operated approximately 22.4 million square feet of GLA, or 93%, of HTA's total portfolio.

Investment Activities

During FY17, HTA completed investments of $2.7 billion, net of development credits received at the closing of the Duke acquisition, including its investment in an unconsolidated joint venture, totaling 6.8 million square feet of GLA, including projects under development, which were 93% leased as of the acquisition date.

Balance Sheet

As of December 31, 2017, HTA had total assets of $6.4 billion; cash and cash equivalents of $100.4 million; and $991.2 million available under its unsecured revolving credit facility. The Company's leverage ratio of net debt to total capitalization was 29.9% as of December 31, 2017.

Stock Performance Snapshot

March 26, 2018 - At Monday's closing bell, Healthcare Trust of America's stock rose 1.00%, ending the trading session at $25.36.

Volume traded for the day: 1.23 million shares.

After yesterday's close, Healthcare Trust of America's market cap was at $5.29 billion.

Price to Earnings (P/E) ratio was at 76.85.

The stock has a dividend yield of 4.81%.

The stock is part of the Financial sector, categorized under the REIT - Healthcare Facilities industry. This sector was up 2.6% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors