Healthcare Trust Of America Q4 FFO Rises - Quick Facts

(RTTNews) - Healthcare Trust of America Inc. (HTA) said that its fourth-quarter of 2013 funds from operations increased to $38.0 million or $0.16 per share from $26.8 million, or $0.13 per share in the year ago quarter.

Normalized Funds from Operations was $40.1 million or $0.17 per share, up from $34.2 million or $0.16 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Normalized Funds Available for Distribution was $34.9 million or $0.15 per share , compared to $30.4 million or $0.14 per share in the year ago quarter.

Net income attributable to common stockholders for the quarter was $4.1 million or $0.02 per share, compared to a net loss of $1.8 million or $0.01 per share in the same quarter last year.

Rental income increased 13.9% to $83.0 million from $72.9 million last year. This increase in rental income was primarily driven by $397.8 million of completed acquisitions during 2013.

Total revenues for the quarter was $83.69 million, up from $73.48 million in the year ago quarter. Eight analysts estimated revenues of $82.46 million for the quarter.

Healthcare Trust of America announced that its board of directors declared a cash dividend for the quarter ending March 31, 2014. The dividend will be paid on April 3, 2014 to stockholders of record on March 27, 2014. This dividend, in the amount of $0.14375 per share, represents an annualized rate of $0.575 per share and will be paid on all Class A shares. This represents an annualized yield of 5.3% based on the closing price of HTA's Class A common stock on February 14, 2014.