Healthcare Realty Trust Inc. (HR) Wednesday reported first-quarter funds from operations, or FFO, of $26.59 million or $0.30 per share, down from $27.30 million or $0.35 per share in the same period last year.
Normalized FFO for the quarter was $27.86 million or $0.32 per share. On average, 13 analysts polled by Thomson Reuters expected FFO of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company reported a loss of $999 thousand or $0.01 per share, compared to a profit of $3.13 million or $0.04 per share last year.
Income from continuing operations increased to $2.13 million from $1.50 million last year.
Revenues totaled $82.58 million, up from $76.17 million last year. Analysts expected revenues of $81.99 million.
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