Healthcare Realty Trust, a Nashville, Tenn.-based real estate investment trust that opened for business a year ago, reported net income of $4.3 million, or 34 cents per share, on revenues of $5.7 million for the second quarter ended June 30. Cash available for distribution totaled $5.4 million.
For the first half of 1994, the company reported $6.9 million in net income, or 63 cents per share, on revenues of $9.7 million. It ended the period with $9 million in cash available for distribution.
The REIT began operations on June 3, 1993, so results for the year-ago period do not reflect a full three months or six months of operations. Healthcare Realty Trust owns 46 healthcare properties.