Healthcare Trust of America, Inc (HTA) has reported a 59.57 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $16.55 million, or $0.11 a share in the quarter, compared with $10.37 million, or $0.08 a share for the same period last year.
Revenue during the quarter grew 19.59 percent to $122.04 million from $102.05 million in the previous year period.
Cost of revenue rose 25.93 percent or $7.92 million during the quarter to $38.45 million. Gross margin for the quarter contracted 159 basis points over the previous year period to 68.49 percent.
Total expenses were $97.40 million for the quarter, up 24.95 percent or $19.45 million from year-ago period. Operating margin for the quarter contracted 342 basis points over the previous year period to 20.19 percent.
Operating income for the quarter was $24.64 million, compared with $24.09 million in the previous year period.
Revenue from real estate activities during the quarter increased 19.55 percent or $19.93 million to $121.92 million.
Income from operating leases during the quarter rose 19.55 percent or $19.93 million to $121.92 million.
Other income during the quarter was $0.12 million, up 84.85 percent or $0.06 million from year-ago period.
Operating cash flow improves
Healthcare Trust Of America has generated cash of $203.70 million from operating activities during the year, up 6.59 percent or $12.60 million, when compared with the last year. The company has spent $606.32 million cash to meet investing activities during the year as against cash outgo of $269.26 million in the last year.
Cash flow from financing activities was $400.78 million for the year, up 395.86 percent or $319.96 million, when compared with the last year.
Cash and cash equivalents stood at $11.23 million as on Dec. 31, 2016, down 14.07 percent or $1.84 million from $13.07 million on Dec. 31, 2015.
Receivables move up
Net receivables were at $173.46 million as on Dec. 31, 2016, up 22.41 percent or $31.76 million from year-ago.
Total assets grew 18.14 percent or $575.54 million to $3,747.84 million on Dec. 31, 2016. On the other hand, total liabilities were at $1,962.77 million as on Dec. 31, 2016, up 11.46 percent or $201.87 million from year-ago.
Return on assets moved up 7 basis points to 0.79 percent in the quarter. At the same time, return on equity moved up 19 basis points to 0.93 percent in the quarter.
Debt moves up
Total debt was at $1,768.90 million as on Dec. 31, 2016, up 11.20 percent or $178.21 million from year-ago. Shareholders equity stood at $1,780.42 million as on Dec. 31, 2016, up 26.54 percent or $373.46 million from year-ago. As a result, debt to equity ratio went down 14 basis points to 0.99 percent in the quarter.
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