Healthcare Trust of America, Inc. (HTA) 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.
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, Inc. 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 $17.94 million as on Sep. 30, 2016, up 60.94 percent or $6.79 million from $11.15 million on Sep. 30, 2015.
Receivables move up
Net receivables were at $160.84 million as on Sep. 30, 2016, up 8.35 percent or $12.39 million from year-ago.
Total assets grew 16.87 percent or $536.30 million to $3,715.89 million on Sep. 30, 2016. On the other hand, total liabilities were at $1,903.42 million as on Sep. 30, 2016, up 9.30 percent or $161.94 million from year-ago.
Return on assets moved down 14 basis points to 0.60 percent in the quarter. At the same time, return on equity moved down 9 basis points to 0.36 percent in the quarter.
Debt moves up
Total debt was at $1,712.60 million as on Sep. 30, 2016, up 8.67 percent or $136.63 million from year-ago. Shareholders equity stood at $1,803.25 million as on Sep. 30, 2016, up 25.72 percent or $368.90 million from year-ago. As a result, debt to equity ratio went down 15 basis points to 0.95 percent in the quarter.
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