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EX - 99.1 2 q32021 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 THIRD QUARTER 2021 EARNINGS Scottsdale , Arizona ( November 5 , 2021 ) - Healthcare Trust of America , Inc. ( NYSE : HTA ) ( “ HTA ” ) announced results for the three and nine months ended September 30 , 2021 . " Our results demonstrate HTA's strength as a Company , ” stated Peter N. Foss , Interim CEO . “ I continue to be inspired by the leadership that is exhibited throughout the organization as a whole . We are focused on being the leader in the medical office space , and I remain confident in the Company's ability to continue to deliver value to our tenants and shareholders by capitalizing on strategic partnership opportunities to leverage our expertise and enhance our capabilities , allowing us to support the healthcare community and generate growth . " Third Quarter 2021 Highlights : • • • Reported net income attributable to common stockholders of $ 0.10 per diluted share . Reported Funds From Operations ( " FFO ” ) , as defined by NAREIT , of $ 0.44 per diluted share , an increase of 41.9 % compared to Q3 2020 . Reported Normalized FFO of $ 0.44 per diluted share , an increase of 2.3 % compared to Q3 2020 , which includes the impact of costs related to the whistleblower investigation and leadership transition . • Reported Normalized FAD of $ 77.8 million , a decrease of 5.7 % compared to Q3 2020 . • Reported Same - Property Cash Net Operating Income ( " NOI " ) growth of 2.5 % compared to Q3 2020 . Year - to - date 2021 : Reported net income attributable to common stockholders of $ 81.7 million , or $ 0.37 per diluted share . • Reported FFO of $ 1.31 per diluted share , an increase of 15.9 % compared to 2020 . • Reported Normalized FFO of $ 1.32 per diluted share , an increase of 3.1 % compared to 2020 . • Reported Normalized FAD of $ 247.5 million , an increase of 4.3 % compared to 2020 . Portfolio Performance • As of September 30 , 2021 , our portfolio's leased rate increased 40 bps from 89.3 % as of Q2 2021 to 89.7 % by gross leasable area ( " GLA " ) and an occupancy rate of 88.0 % by GLA . During Q3 2021 , HTA executed leases of 670 thousand square feet of GLA , including 227 thousand square feet of GLA in new leases and 443 thousand square feet of GLA in renewals . Re - leasing spreads were 2.9 % and tenant retention for the Same - Property portfolio was 83 % by GLA . Year - to - date , HTA executed leases of approximately 2.0 million square feet of GLA , including 586 thousand square feet of GLA in new leases and 1.4 million square feet of GLA in renewals . Re - leasing spreads were 2.7 % and tenant retention for the Same - Property portfolio was 76 % by GLA . Investment Activity • During Q3 2021 , HTA closed on four medical office building investments totaling $ 135 million with 469,000 square feet of GLA at anticipated in - place year one yields of 5.7 % , increasing market densification in HTA's existing key markets . Subsequent to quarter end , HTA closed on a medical office portfolio encompassing two medical office buildings and a garage for $ 66 million spanning 293,000 square feet of GLA . As of today , HTA has closed on $ 248 million of medical office investments totaling 920,000 square feet of GLA with an additional $ 93 million of investments encompassing more than 260,000 square feet of GLA under contract or exclusive letters of intent , subject to customary closing conditions , expected to close in the fourth quarter . For the year , HTA anticipates 2021 investment activity to total over $ 400 million , which includes $ 342 million of medical office investments closed or under exclusive letters of intent , and $ 69 million in loan funding commitments to projects in the Texas Medical Center in Houston . From a development perspective , HTA's existing projects have all been completed as scheduled . In the third quarter , HTA completed core and shell construction on its 109,000 square feet Class A medical office development located on HCA's new Medical City Heart & Spine Hospital in Dallas , TX . This building is currently 74 % pre - leased with cash rents expected to commence in the fourth quarter of 2021 .