Business Context and Reporting Period
This Form 8-K Current Report was filed by Healthcare Trust of America, Inc. (NYSE: HTA) and Healthcare Trust of America Holdings, LP on February 15, 2018. The filing reports a corporate event regarding the declaration of a quarterly dividend by the company's board of directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the dividend declaration:
- Quarterly Dividend: $0.305 per share of common stock.
- Annualized Rate: $1.22 per share.
- Annualized Yield: 4.75% (based on the closing share price of February 14, 2018).
- Record Date: April 3, 2018.
- Payment Date: April 10, 2018.
Material Changes
The filing does not disclose material changes in revenue, operating results, or balance sheet items compared to prior periods. The primary change reported is the specific declaration of the dividend amount for the current quarter.
Guidance, Outlook, and Risks
Management commentary indicates that dividend amounts are determined at the discretion of the board of directors. Key factors influencing future dividends include:
- Funds available for the payment of distributions.
- The company's financial condition.
- Capital expenditure requirements.
- Annual distribution requirements necessary to maintain Real Estate Investment Trust (REIT) status under the Internal Revenue Code.
Risk Disclosure: The filing explicitly states that the board may reduce the dividend rate and that the company cannot guarantee the amount of dividends paid in the future, if any.
Investor Verification Checklist
- Verify the closing share price on February 14, 2018, to confirm the 4.75% yield calculation.
- Confirm the record date (April 3, 2018) and payment date (April 10, 2018) for dividend eligibility.
- Review the company's most recent 10-Q or 10-K for details on funds available for distribution and capital expenditure requirements.
- Monitor future board announcements for any changes to the dividend policy or rate.