Healthcare Trust Of America (HTA) has reported a 37.37 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $13.54 million, or $0.09 a share in the quarter, compared with $9.86 million, or $0.08 a share for the same period last year.
Revenue during the quarter grew 15.87 percent to $124.35 million from $107.32 million in the previous year period.
Cost of revenue rose 16.99 percent or $5.67 million during the quarter to $39.02 million. Gross margin for the quarter contracted 30 basis points over the previous year period to 68.62 percent.
Total expenses were $94.78 million for the quarter, up 18.82 percent or $15.02 million from year-ago period. Operating margin for the quarter contracted 189 basis points over the previous year period to 23.78 percent.
Operating income for the quarter was $29.56 million, compared with $27.55 million in the previous year period.
Revenue from real estate activities during the quarter increased 15.61 percent or $16.74 million to $123.99 million.
Income from operating leases during the quarter rose 15.61 percent or $16.74 million to $123.99 million.
Other income during the quarter was $0.35 million, up 444.62 percent or $0.29 million from year-ago period.
Operating cash flow improves Healthcare Trust Of America has generated cash of $47.01 million from operating activities during the quarter, up 16.22 percent or $6.56 million, when compared with the last year period.
The company has spent $37.08 million cash to meet investing activities during the quarter as against cash outgo of $168.31 million in the last year period.
The company has spent $5.13 million cash to carry out financing activities during the quarter as against cash inflow of $128.61 million in the last year period.
Cash and cash equivalents stood at $16.03 million as on Mar. 31, 2017, up 15.96 percent or $2.21 million from $13.83 million on Mar. 31, 2016.
Receivables remain almost stable
Net receivables stood at $179.72 million as on Mar. 31, 2017.
Total assets stood at $3,753.02million as on Mar. 31, 2017. On the other hand, total liabilities were at $1,998.50 million as on Mar. 31, 2017.
Return on assets was at 0.79 percent in the quarter. At the same time, return on equity was at 0.77 percent in the quarter.
Total debt was at $1,811.21 million as on Mar. 31, 2017. Shareholders equity was at $1,749.86 million as on Mar. 31, 2017. Meanwhile, debt to equity ratio was at 1.04 percent in the quarter.
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