(RTTNews) - Monday, Healthcare Realty Trust Inc. (HR: News ), reported higher third quarter funds from operations, helped by an increase in revenue.

Healthcare's third quarter funds from operations, or FFO, grew to $25.82 million or $0.44 per share from $18.23 million or $0.36 per share in the year ago period.

On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share. Analysts' estimates typically exclude one-time items.

Third quarter, net income applicable to common shareholders was $9.1 million or $0.15 per share, up from $5.5 million or $0.11 per share in the comparable quarter last year.

In the recent quarter, the company posted an income from continuing operations of $8.7 million or $0.15 per share compared to $3.7 million or $0.07 per share last year.
The Nashville,Tennessee-based company's revenue for the quarter increased to $64.1 million from $54.7 million in the same quarter last year. Analysts expected revenues of $65.49 million for the quarter.

Total expenses increased up to $46.09 million from $42.27 million in the comparable quarter last year.

For the nine months period, the company reported FFO of $76.9 million or $1.31 per share compared to $56.8 million or $1.13 per share in the prior year. Net income applicable to common shareholders for the nine months was $46.7 million or $0.80 per share, up from $26.0 million or $0.53 per share last year. Year-to-date revenue increased to $192.1 million from $159.4 million last year.

HR closed Monday's regular trading session at $20.89, up $0.91 or 4.55% on the NYSE.

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by RTT Staff Writer

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