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Healthcare Realty Trust Incorporated (HR) has reported a 247.80 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $31.84 million, or $0.28 a share in the quarter, compared with $9.16 million, or $0.09 a share for the same period last year. Revenue during the quarter grew 4.55 percent to $104.57 million from $100.02 million in the previous year period.
Cost of revenue rose 6.86 percent or $2.43 million during the quarter to $37.83 million. Gross margin for the quarter contracted 78 basis points over the previous year period to 63.82 percent.
Revenue from real estate activities during the quarter increased 4.55 percent or $4.55 million to $104.57 million.
Income from operating leases during the quarter rose 5.42 percent or $5.35 million to $104.09 million.
Revenue from other real estate activities during the quarter was $0.48 million, down 62.45 percent or $0.80 million from year-ago period.
Total assets grew 6.95 percent or $197.62 million to $3,039.24 million on Mar. 31, 2017. On the other hand, total liabilities were at $1,385.94 million as on Mar. 31, 2017, down 10.50 percent or $162.67 million from year-ago.
Return on assets moved up 67 basis points to 1.52 percent in the quarter. At the same time, return on equity moved up 122 basis points to 1.93 percent in the quarter.
Debt comes down
Total debt was at $1,278.66 million as on Mar. 31, 2017, down 9.85 percent or $139.68 million from year-ago. Shareholders equity stood at $1,653.29 million as on Mar. 31, 2017, up 27.86 percent or $360.29 million from year-ago. As a result, debt to equity ratio went down 32 basis points to 0.77 percent in the quarter.
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