Healthcare Trust of America Holdings, LP has reported a 0.56 percent fall in profit for the quarter ended Sep. 30, 2016. The company has earned $6.43 million, or $0.04 a share in the quarter, compared with $6.46 million, or $0.05 a share for the same period last year. Revenue during the quarter grew 13.85 percent to $118.34 million from $103.94 million in the previous year period.
Cost of revenue rose 12.04 percent or $3.96 million during the quarter to $36.88 million. Gross margin for the quarter expanded 50 basis points over the previous year period to 68.83 percent.
Total expenses were $93.16 million for the quarter, up 15.34 percent or $12.39 million from year-ago period. Operating margin for the quarter contracted 101 basis points over the previous year period to 21.27 percent.
Operating income for the quarter was $25.18 million, compared with $23.17 million in the previous year period.
Revenue from real estate activities during the quarter increased 13.84 percent or $14.38 million to $118.25 million.
Income from operating leases during the quarter rose 13.84 percent or $14.38 million to $118.25 million.
Other income during the quarter was $0.09 million, up 31.34 percent or $0.02 million from year-ago period.
Operating cash flow improves
Healthcare Trust of America Holdings, LP has generated cash of $148.26 million from operating activities during the nine month period, up 6.92 percent or $9.60 million, when compared with the last year period. The company has spent $541.08 million cash to meet investing activities during the nine month period as against cash outgo of $234.16 million in the last year period.
Cash flow from financing activities was $397.69 million for the nine month period, up 313.24 percent or $301.45 million, when compared with the last year period.
Cash and cash equivalents stood at stood at $17.94 million as at Sep. 30, 2016.
Net receivables stood at $160.84 million as on Sep. 30, 2016. Total assets stood at $3,715.89million as on Sep. 30, 2016. On the other hand, total liabilities were at $1,903.42 million as on Sep. 30, 2016.
Return on assets was at 0.60 percent in the quarter. At the same time, return on equity was at 0.36 percent in the quarter.
Total debt was at $1,712.60 million as on Sep. 30, 2016. Shareholders equity was at $1,803.25 million as on Sep. 30, 2016. Meanwhile, debt to equity ratio was at 0.95 percent in the quarter.
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