Business Context and Reporting Period
This Form 8-K filing by Healthcare Trust of America, Inc. (HTA) and Healthcare Trust of America Holdings, LP reports a corporate event dated October 25, 2016. The registrant is a real estate investment trust (REIT) headquartered in Scottsdale, Arizona.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to dividend policy:
- Dividend Declaration: Cash dividend for the fourth quarter ending December 31, 2016.
- Annualized Rate: $1.20 per common share.
- Annualized Yield: 3.76% (based on the closing share price of October 24, 2016).
- Payment Date: January 10, 2017.
- Record Date: January 3, 2017.
Material Changes
The filing does not disclose material changes to revenue, operating margins, or debt levels compared to prior periods. The primary change reported is the declaration of the quarterly dividend.
Guidance, Outlook, and Risks
Management commentary indicates that dividend amounts are determined at the board's discretion and depend on funds available, financial condition, capital expenditure requirements, and REIT distribution requirements. The filing explicitly states that the board may reduce the dividend rate in the future and that HTA cannot guarantee future dividend payments.
Investor Verification Checklist
- Verify the closing share price on October 24, 2016, to confirm the 3.76% yield calculation.
- Review the upcoming 10-Q or 10-K filings for the full financial condition and funds available for distribution.
- Confirm the record date (January 3, 2017) to ensure eligibility for the January 10, 2017 payment.
- Monitor future board announcements for any changes to the dividend rate given the explicit disclaimer regarding future guarantees.