Operator
Good afternoon and welcome to the Healthcare Trust of America First Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to David Gershenson, Chief Accounting Officer. Please go ahead.
David Gershenson
Chief Accounting Officer
Thank you, and welcome to Healthcare Trust of America s first quarter 2021 earnings call. We filed our earnings release and our financial supplement yesterday after the close. These documents can be found on the Investor Relations section of our website, or with the SEC. Please note this call is being webcast and will be available for replay for the next 90 days. We will be happy to take your questions at the conclusion of our prepared remarks.
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SCOTTSDALE, Ariz. Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $98.3 million, or 44 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 43 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 $22 million, or 10 cents per share.
Healthcare Trust of America: Q1 Earnings Snapshot
May 6, 2021
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SCOTTSDALE, Ariz. (AP) Healthcare Trust of America Inc. (HTA) on Thursday reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Scottsdale, Arizona, said it had funds from operations of $98.3 million, or 44 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 43 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.
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