Healthcare Trust of America (NYSE:HTA) announced that it will release its financial results for the third quarter of 2020 on November 3, 2020, after market close. A conference call will follow on November 4, 2020, at 12:00 p.m. Eastern Time, to discuss performance and results. HTA is the largest owner and operator of medical office buildings in the U.S., with approximately 24.9 million square feet and $7.3 billion invested in medical office buildings as of June 30, 2020.
Healthcare Trust of America (NYSE:HTA) announced the reactivation of its stock repurchase program, allowing for the purchase of up to $300 million of its Class A common stock until September 22, 2023. This plan replaces a previous $300 million program that expired in August 2020. Stock repurchases will depend on market conditions and HTA's capital needs. The company has invested approximately $7.3 billion in medical office buildings across 24.9 million square feet as of June 30, 2020, indicating strong growth potential.
Healthcare Trust of America (NYSE: HTA) announced a 1.59% increase in its quarterly dividend to $0.320 per share, effective from October 9, 2020. This will provide stockholders with an annualized yield of 5.13% based on the closing price as of September 21, 2020. The Board's decision reflects its confidence in HTA's financial health and ongoing investments in medical office spaces across the U.S., amounting to $7.3 billion as of June 30, 2020.
Healthcare Trust of America (HTA) has announced the pricing of its $800 million offering of 2.000% senior unsecured notes due 2031, with a closing date projected for September 28, 2020. The proceeds will be used to redeem existing 3.70% Senior Notes due 2023, pay down debt under its revolving credit facility, and for general corporate purposes. As of June 30, 2020, HTA owns approximately 24.9 million square feet of medical office buildings, with $7.3 billion invested. The offering is managed by major financial institutions, including Jefferies and J.P. Morgan.
Healthcare Trust of America, Inc. (NYSE: HTA) reported Q2 2020 net income of $13.5 million, or $0.06 per diluted share, a drop from $16.3 million in Q2 2019. Funds From Operations (FFO) reached $87.8 million ($0.40 per share), flat from last year, while Normalized FFO rose to $93.0 million ($0.42 per share), a 2.4% increase. Same-Property Cash Net Operating Income (NOI) grew 0.6% to $115.0 million. The company maintained a leased rate of 90.4% and occupancy of 89.7%. HTA collected or deferred 98% of rents due amidst the pandemic, with $9.6 million in rent deferrals approved.
Healthcare Trust of America (NYSE: HTA) will announce its financial results for Q2 2020 on August 6, 2020, after market close. A conference call for review will follow on August 7 at 1:00 PM ET. HTA is the largest owner of medical office buildings in the U.S., with $7.3 billion invested in approximately 24.9 million square feet of gross leasable area. The company continues to focus on strategic investments in leading gateway markets to support long-term demand for quality medical office space.