Healthcare Realty Trust: Q4 Earnings Snapshot

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

The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $150.7 million, or 39 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 40 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 $40.5 million, or 11 cents per share.

The medical office building real estate investment trust, based in Nashville, Tennessee, posted revenue of $330.4 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $340.4 million.

For the year, the company reported funds from operations of $601.5 million. Revenue was reported as $1.34 billion.

For the current quarter ending in March, Healthcare Realty Trust expects its per-share funds from operations to range from 38 cents to 39 cents.

The company expects full-year funds from operations in the range of $1.52 to $1.58 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HR at https://www.zacks.com/ap/HR