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HTA Q1 Includes Acquisitions, NOI/FFO Increases

SCOTTSDALE, AZ-Healthcare Trust of America's Q1 2013 figures point to a normalized FFO increase of 23% year over year and same property growth of 3.4%. The REIT also acquired $88 million of MOBs.

By Amy Wolff Sorter | Updated on May 09, 2013

SCOTTSDALE, AZ-Year-over-year increases across the board, along with approximately $88 million in acquisitions, were the highlights of Healthcare Trust of America’s Q1 2013 earnings report. Its numbers included a normalized funds from operation at $0.16 per diluted share ($34.2 million) an increase of 23.1% compared to Q1 2012, same-property cash net operating income of $44.5 million, an increase of $1.4 million (3.4% year over year) and overall net operating income of $52.9 million, a year-over-year increase of 9%.

Also during the quarter, HTA acquired $88.5 million of high quality, on-campus medical office buildings, or MOBs, totaling approximately 254,000 square feet.  This includes a MOB in Dallas, Texas that was acquired for $48.7 million (100% leased and approximately 130,000 square feet) and a MOB in Bryan – College Station, Texas that was acquired for $39.8 million (100% leased and approximately 124,000 square feet).

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