Monday, Healthcare Realty Trust Incorporated (HR), a real estate investment trust, reported an increase in fourth quarter funds from operations helped by one-time items, on higher revenues.
Funds from operations or FFO for the quarter rose to $28.56 million or $0.49 per share from $19.4 million or $0.39 per share in the prior period. Results for the current quarter included the net positive effect of certain one-time items totaling $6.5 million, or $0.11 per share. Funds available for distribution for the quarter totaled $0.54 per share.
On average, ten analysts surveyed by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Net income rose to $15.6 million, or $0.27 per share from $4.6 million, or $0.09 per share in the corresponding period last year. Income from continuing operations more than doubled to $6.8 million, from $3.3 million in the prior year period.
Quarterly revenues increased to $57.1 million from $50.3 million in the year-ago quarter, yet came below five Street analysts' estimate of $58.32 million.
For the twelve-month period, FFO rose to $85.4 million or $1.63 per share from $73.17 million or $1.51 per share last year. Net income slid to $41.7 million, or $0.79 per share, from $60.1 million, or $1.24 per share last year. Revenues rose to $214.2 million from $197.4 million in the previous year.
HR declined $1.23 or 8.41% and closed Monday's regular trading at $13.40. After hours, HR rose $1.02 or 7.61% and traded at $14.42.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.