SCOTTSDALE, AZ-Healthcare Trust of America Inc.'s Q3 earnings showed somewhat modest year-over-year increases in metrics such as funds from operations ($0.15 per diluted share, an increase of $0.03); same-property cash NOI ($50.3 million, an increase of $1.6 million or 3.2%) and rental income of $81.9 million, an increase of 7.1% versus Q3 2012. The normalized FFO at $0.16 per diluted share (or $37.9 million) remained unchained.

Also during the quarter:

• HTA completed four acquisitions totaling $147.8 million (91.1% leased and approximately 750,000 square feet of GLA), resulting in year-to-date acquisitions of $241.9 million. In addition, HTA executed two definitive purchase agreements to acquire two medical office building totaling approximately $30 million, which are expected to close in Q4 2013.
• HTA's portfolio was 96% on-campus or aligned with leading healthcare systems. The portfolio was located in 27 states and totaled 13.6 million square feet of GLA. Approximately 56% of annual base rent comes from credit rated tenants.
• HTA entered into new or renewal leases on approximately 169,000 square feet of GLA, or approximately 1.2% of its portfolio. Tenant retention for the quarter was approximately 82% by GLA.

On the balance sheet side, the healthcare REIT's board of directors elected that the final tranche of Class B common, stock totaling 57.3 million shares, to convert to Class A common stock after the market closes Nov 8. As a result, all of the shares of HTA's Class B common stock will have converted to shares of Class A common stock, and HTA will have 236.9 million shares of Class A common stock outstanding, which will be eligible to trade on the NYSE.