Healthcare Realty Trust Inc. Earnings Cheat Sheet: Double Digit Revenue Growth

Healthcare Realty Trust Inc. (NYSE:HR) reported its results for the third quarter. Healthcare Realty Trust is a real estate investment trust which integrates owning, acquiring, managing and developing income-producing real estate properties associated with delivery of outpatient healthcare services throughout the United States.

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Healthcare Realty Earnings Cheat Sheet for the Third Quarter

Results: Reported normalized Funds from Operations (FFO) of 31 cents per diluted share in the quarter. Healthcare Realty Trust Inc. had normalized Funds Available for Distribution of 33 cents a share in the same quarter a year earlier. FFO rose from $10.7 million to $21 million. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

Revenue: Rose 18% to $76.1 million from the year earlier quarter.

Actual vs. Wall St. Expectations: HR fell in line with the mean analyst estimate of 31 cents per share. Analysts were expecting revenue of $75.6 million.

Looking Forward: Over the past ninety days, the average estimate for the fourth quarter has fallen from 35 cents per share to 32 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. The average estimate for the fiscal year is $1.16 per share, down from $1.22 ninety days ago.

Competitors to Watch: LTC Properties, Inc. (NYSE:LTC), National Health Investors Inc (NYSE:NHI), Medical Properties Trust, Inc. (NYSE:MPW), Omega Healthcare Investors, Inc. (NYSE:OHI), HCP, Inc. (NYSE:HCP), Universal Health Realty Income Trust (NYSE:UHT), Health Care REIT, Inc. (NYSE:HCN), Senior Housing Properties Trust (NYSE:SNH), Ventas, Inc. (NYSE:VTR), and Nationwide Health Properties Inc. (NYSE:NHP).

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(Source: Xignite Financials)