Healthcare Realty Trust Reports Q3 Revenue Beat and Funds From Operations

Healthcare Realty Trust Incorporated reported its third-quarter results, showing revenue of $286.6 million and adjusted revenue of $277.6 million, which surpassed Street forecasts of $271.7 million. The company generated funds from operations of $145.9 million, or 42 cents per share, but reported a loss of $15.8 million, or 5 cents per share, during the period. The trust projects full-year funds from operations to be between $1.65 and $1.67 per share.

The strong adjusted revenue performance indicates robust demand for the medical office building properties managed by the trust. Funds from operations is a key metric in the real estate investment trust industry, and the company's guidance suggests continued operational strength.