Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
HTA has common stock and is reported on the NYSE under the trading symbol “HTA”. There is no established market for trading HTALP’s OP Units.
Dividends
In accordance with the terms of HTALP’s partnership agreement, the dividend HTA pays to its stockholders is equal to the amount of distributions it receives from HTALP. Please refer to Liquidity and Capital Resources - Dividends within Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations for more information relating to our dividend policy.
Stockholders
As of February 18, 2021, HTA had 1,936 stockholders of record.
Stock Performance Graph
The graph below compares the cumulative returns of HTA, US REIT (RMS) Index, S&P 500 Index and SNL U.S. REIT Healthcare Index from the date of our listing on the NYSE on June 6, 2012 through December 31, 2020. All periods prior to 2015 have been adjusted retroactively to reflect the reverse stock split effective December 15, 2014. The total returns assume dividends are reinvested.
40
Table of Contents
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
During the three months ended December 31, 2020, we repurchased shares of our common stock as follows:
Period Total Number of
Shares Purchased (1) (2)
Average Price
Paid per Share (1) (2)
Total Number of
Shares Purchased
as Part of
Publicly Announced
Plan or Program Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
October 1, 2020 to October 31, 2020 87 $ 25.70 — —
November 1, 2020 to November 30, 2020 710 25.49 — —
December 1, 2020 to December 31, 2020 1,530 26.17 — —
(1) Purchases represent shares of common stock withheld by us to satisfy withholding obligations on the vesting of restricted shares. The price paid per share was the then applicable closing price of our common stock on the NYSE.
(2) For each share of common stock redeemed by HTA, HTALP redeems a corresponding number of OP Units in the HTALP operating partnership. Therefore, the OP Units in the HTALP operating partnership repurchased by HTALP are the same as the shares of common stock repurchased by HTA as shown above.
Securities Authorized for Issuance under Equity Compensation Plans
The Amended and Restated 2006 Incentive Plan (the “Plan”) authorizes the granting of awards in any of the following forms: options; stock appreciation rights; restricted stock; restricted or deferred stock units; performance awards; dividend equivalents; other stock-based awards, including units in operating partnership; and cash-based awards. Subject to adjustment as provided in the Plan, the aggregate number of shares of our common stock reserved and available for issuance pursuant to awards granted under the Plan is 5,000,000.
Recent Sales of Unregistered Securities, Use of Proceeds from Registered Securities Paid
None.
41
Table of Contents
Item 6. Selected Financial Data
The following should be read with Item 1A - Risk Factors, Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, our accompanying consolidated financial statements and the notes thereto, as acquisitions, changes in accounting policies and other items impact the comparability of our financial data. Our historical results are not necessarily indicative of results for any future period.
Healthcare Trust of America, Inc.
Year Ended December 31,
(In thousands, except per share data) 2020 2019 2018 2017 2016
Balance Sheet Data as of December 31:
Real estate investments, net $ 6,110,165 $ 6,045,801 $ 5,665,621 $ 5,947,874 $ 3,503,020
Total assets 6,790,692 6,638,749 6,188,476 6,449,582 3,747,844
Debt 3,026,999 2,749,775 2,541,232 2,781,031 1,768,905
Noncontrolling interests 60,680 72,635 78,890 84,666 93,143
Total equity 3,234,919 3,430,644 3,334,914 3,363,448 1,780,417
Statement of Operations Data:
Total revenues $ 738,965 $ 692,040 $ 696,426 $ 613,990 $ 460,928
Rental expenses 226,859 211,479 220,617 192,147 143,751
Net income attributable to common stockholders 52,618 30,154 213,463 63,916 45,912
Net income attributable to common stockholders per share - basic
0.24 0.15 1.04 0.35 0.34
Net income attributable to common stockholders per share - diluted
0.24 0.14 1.02 0.34 0.33
Statement of Cash Flows Data:
Cash flows provided by operating activities $ 387,962 $ 340,394 $ 337,396 $ 307,543 $ 203,695
Cash flows (used in) provided by investing activities (1)
(319,260) (667,289) 176,309 (2,455,096) (608,393)
Cash flows provided by (used in) financing activities 12,447 230,981 (498,735) 2,241,068 400,781
Other Data:
Dividends declared to stockholders $ 277,626 $ 260,593 $ 253,699 $ 227,024 $ 164,221
Dividends declared per share 1.27 1.25 1.23 1.21 1.19
Dividends paid in cash to stockholders 275,816 256,117 252,651 207,087 159,174
FFO attributable to common stockholders (2)
344,699 319,738 335,565 284,226 215,570
Normalized FFO attributable to common stockholders (2)
379,311 344,272 340,400 301,957 225,221
NOI (3)
512,106 480,561 475,809 421,843 317,177
(1) The amounts for 2016 differ from amounts previously reported in our Annual Report for the year ended December 31, 2016, as a result of the retrospective presentation of the early adoption of ASU 2016-18 as of January 1, 2017.
(2) For additional information on FFO and Normalized FFO, see Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, which includes a reconciliation to net income or loss attributable to common stockholders and an explanation of why we present these non-GAAP financial measures.
(3) For additional information on NOI, see Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, which includes a reconciliation to net income or loss attributable to common stockholders and an explanation of why we present this non-GAAP financial measure.
42
Table of Contents
Healthcare Trust of America Holdings, LP
Year Ended December 31,
(In thousands, except per unit data) 2020 2019 2018 2017 2016
Balance Sheet Data as of December 31:
Real estate investments, net $ 6,110,165 $ 6,045,801 $ 5,665,621 $ 5,947,874 $ 3,503,020
Total assets 6,790,692 6,638,749 6,188,476 6,449,582 3,747,844
Debt 3,026,999 2,749,775 2,541,232 2,781,031 1,768,905
Total partners’ capital 3,234,919 3,430,644 3,334,914 3,363,448 1,780,417
Statement of Operations Data:
Total revenues $ 738,965 $ 692,040 $ 696,426 $ 613,990 $ 460,928
Rental expenses 226,859 211,479 220,617 192,147 143,751
Net income attributable to common OP unitholders 53,508 30,692 217,537 65,454 47,227
Net income attributable to common OP unitholders per unit - basic 0.24 0.15 1.04 0.35 0.34
Net income attributable to common OP unitholders per unit - diluted 0.24 0.15 1.04 0.35 0.34
Statement of Cash Flows Data:
Cash flows provided by operating activities $ 387,962 $ 340,394 $ 337,396 $ 307,543 $ 203,695
Cash flows (used in) provided by investing activities (1)
(319,260) (667,289) 176,309 (2,455,096) (608,393)
Cash flows provided by (used in) financing activities 12,447 230,981 (498,735) 2,241,068 400,781
Other Data:
Distributions declared to general partner $ 277,626 $ 260,593 $ 253,699 $ 227,024 $ 164,221
Distributions declared per unit 1.27 1.25 1.23 1.21 1.19
Distributions paid in cash to general partner 275,816 256,117 252,651 207,087 159,174
FFO attributable to common OP Unitholders (2)
345,589 320,276 339,639 285,764 216,885
Normalized FFO attributable to common OP Unitholders (2)
379,311 344,272 340,400 301,957 225,221
NOI (3)
512,106 480,561 475,809 421,843 317,177
(1) The amounts for 2016 differ from amounts previously reported in our Annual Report for the year ended December 31, 2016, as a result of the retrospective presentation of the early adoption of ASU 2016-18 as of January 1, 2017.
(2) For additional information on FFO and Normalized FFO, see Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, which includes a reconciliation to net income or loss attributable to common unitholders and an explanation of why we present these non-GAAP financial measures.
(3) For additional information on NOI, see Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, which includes a reconciliation to net income or loss attributable to common unitholders and an explanation of why we present this non-GAAP financial measure.
43
Table of Contents