Healthcare Realty Trust (HR) has reported 56.94 percent plunge in profit for the quarter ended Sep. 30, 2016. The company has earned $11.83 million, or $0.10 a share in the quarter, compared with $27.48 million, or $0.27 a share for the same period last year. Revenue during the quarter grew 7.17 percent to $103.66 million from $96.72 million in the previous year period.
Cost of revenue rose 6.40 percent or $2.26 million during the quarter to $37.50 million. Gross margin for the quarter expanded 26 basis points over the previous year period to 63.82 percent.
Total expenses were $78.17 million for the quarter, up 10.97 percent or $7.73 million from year-ago period. Operating margin for the quarter contracted 258 basis points over the previous year period to 24.59 percent.
Operating income for the quarter was $25.49 million, compared with $26.28 million in the previous year period.
Revenue from real estate activities during the quarter increased 7.20 percent or $6.96 million to $103.66 million.
Income from operating leases during the quarter rose 7.50 percent or $7.15 million to $102.53 million.
Revenue from other real estate activities during the quarter was $1.12 million, down 14.32 percent or $0.19 million from year-ago period.
Total assets grew 9.12 percent or $250.03 million to $2,991.72 million on Sep. 30, 2016. On the other hand, total liabilities were at $1,357.13 million as on Sep. 30, 2016, down 10.30 percent or $155.86 million from year-ago.
Return on assets moved down 31 basis points to 0.86 percent in the quarter. At the same time, return on equity moved down 151 basis points to 0.72 percent in the quarter.
Debt comes downTotal debt was at $1,239.06 million as on Sep. 30, 2016, down 10.30 percent or $142.22 million from year-ago. Shareholders equity stood at $1,634.59 million as on Sep. 30, 2016, up 33.03 percent or $405.90 million from year-ago. As a result, debt to equity ratio went down 37 basis points to 0.76 percent in the quarter.
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