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EX - 99.1 2 q22021 earningsrelease.htm EX - 99.1 -- HTA Healthcare Trust of America , Inc. Dedicated Owner of Best in Class Medical Office NYSE : HTA Exhibit 99.1 PRESS RELEASE Financial Contact : Robert A. Milligan Chief Financial Officer 480.998.3478 HEALTHCARE TRUST OF AMERICA , INC . REPORTS SECOND QUARTER 2021 EARNINGS AND UPDATES 2021 GUIDANCE Conference Call to be held on Tuesday , August 3 , 2021 at 6:00 p.m. Eastern Time ( 3:00 p.m. Pacific Time ) Scottsdale , Arizona ( August 3 , 2021 ) - Healthcare Trust of America , Inc. ( NYSE : HTA ) ( “ HTA ” ) announced results for the three and six months ended June 30 , 2021 . Second Quarter 2021 Highlights : • Reported net income attributable to common stockholders of $ 0.17 per diluted share . • Reported Funds From Operations ( " FFO ” ) , as defined by NAREIT , of $ 0.44 per diluted share , an increase of 10.0 % compared to Q2 2020 . • Reported Normalized FFO of $ 0.44 per diluted share , an increase of 4.8 % compared to Q2 2020 . • Reported Normalized FAD of $ 81.0 million , an increase of 4.5 % compared to Q2 2020 . • Reported Same - Property Cash Net Operating Income ( " NOI " ) growth of 2.1 % compared to Q2 2020 . Year - to - date 2021 : • Reported net income attributable to common stockholders of $ 60.0 million , or $ 0.27 per diluted share . • Reported FFO of $ 0.88 per diluted share , an increase of 7.3 % compared to 2020 . • Reported Normalized FFO of $ 0.88 per diluted share , an increase of 4.8 % compared to 2020 . • Reported Normalized FAD of $ 169.7 million , an increase of 9.6 % compared to 2020 . Portfolio Performance • As of June 30 , 2021 , our portfolio had a leased rate of 89.3 % by gross leasable area ( " GLA " ) and an occupancy rate of 87.9 % by GLA . During Q2 2021 , HTA executed leases of 647 thousand square feet of GLA , including 150 thousand square feet of GLA in new leases and 497 thousand square feet of GLA in renewals . Re - leasing spreads were 2.1 % and tenant retention for the Same - Property portfolio was 80 % by GLA . Year - to - date , HTA executed leases of approximately 1.4 million square feet of GLA , including 359 thousand square feet of GLA in new leases and 993 thousand square feet of GLA in renewals . Re - leasing spreads were 2.6 % and tenant retention for the Same - Property portfolio was 73 % by GLA . Investment Activity As of today , HTA has closed on or executed exclusive letters of intent on a total of approximately $ 373 million of investments on a year- to - date basis , including $ 304 million of medical office acquisitions that have closed or are under exclusive contract , subject to customary closing conditions , and $ 69 million in loan funding commitments to projects in the Texas Medical Center in Houston . This total includes $ 68.5 million of investments closed in the second quarter , including a $ 20 million acquisition of an MOB in Charleston , South Carolina and $ 48.5 million of loans associated with the previously announced Texas A & M Innovation Plaza in the Texas Medical Center in Houston that were funded within the quarter . From a development perspective , HTA's existing projects remain on - track for delivery in 2021 , while its pipeline of projects in pre- leasing have increased to over $ 375 million . In the second quarter , HTA completed its development projects in Miami , Florida and Bakersfield , California , which total approximately $ 51 million of investment with 136,000 square feet of GLA and are currently 82 % leased . HTA's development pipeline consists of five projects in the pre - leasing process , totaling over 850 thousand square feet of GLA . These projects are located in Houston , Orlando and Raleigh and are highlighted by HTA's previously announced strategic partnership with Medistar Corporation to co - develop the Texas A & M Innovation Plaza - Horizon Tower located in Houston , Texas , a 485,000 square foot medical office and life sciences tower with anticipated costs of $ 215 million expected to commence construction in 2022 . During the three months ended June 30 , 2021 , HTA closed on the previously announced disposition of a 13 property portfolio with locations in Tennessee and Virginia , with an aggregate gross sales price of $ 67.5 million . This transaction qualified as a 1031 exchange with net proceeds held in a restricted cash account at quarter end . This portfolio generated annual returns of 10 % over its 13 - year period and generated a gain of approximately $ 32.8 million .