Casey Hoerth
Long only, long-term horizon, growth at reasonable price, dividend investing

Healthcare Trust Of America: Wheat From The Chaff

Healthcare Trust of America (NYSE:HTA), real estate investment trust and pure-play on the rental of medical office buildings, has been on quite a roll lately. In the first quarter, the trust saw a general trend of acceleration marked by:

  • A normalized FFO increase of 12.5% year over year. This is up from 7.5% growth last quarter
  • Same store revenue was up 2.5% year-on-year, up from around 1% or so the year before.
  • Similarly, net operating income was up 3% compared with the 1%-2% number from last year.

Much of this acceleration can be accredited to implementation of the Affordable Care Act, which brought an additional 7 million people 'into the system,' so to speak. Accelerating earnings, in this...

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