NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Healthcare Realty Trust Incorporated (HR) on Tuesday reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.

The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $147.8 million, or 39 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 38 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 a loss of $310.8 million, or 82 cents per share.

The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $326.8 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $331.4 million.

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