Healthcare Realty Trust Inc. HR, a real estate investment trust (“REIT”), reported first-quarter 2016 normalized funds from operations (“FFO”) of 41 cents per share that came in line with the Zacks Consensus Estimate and increased 5.1% from the prior-year quarter figure of 39 cents. We expect the earnings release to lead to stock movement.Total revenue of $100.0 million in the quarter grew 3.7% from the prior-year period and met the Zacks Consensus Estimate.Inside the HeadlinesSame store revenue grew 3.9% and same store net operating income (“NOI”) grew 5.1% for the trailing 12 months ended Mar 31, 2016. Average same store occupancy came in at 89.7%, denoting a rise from 88.9% a year ago. This included rise of 60 basis points (bps) in multi-tenant and of 140 bps in single-tenant net lease.Same store revenue per average occupied square foot grew 2.9% year over year with 3.2% for multi-tenant properties and 1.6% for single-tenant net lease.Healthcare Realty’s leasing activity included 148 leases and aggregated 547,000 square feet of space. This comprised 407,000 square feet renewed (including 335,000 square feet in same store properties) and 140,000 square feet new and expanded space.For first-quarter 2016, in the company’s same-store multi-tenant portfolio, contractual rent increases averaged 2.9%; while cash leasing spreads were 7.2% on 335,000 square feet of renewed space. Moreover, tenant retention was 87.2% and the average yield on renewed leases climbed 120 bps.During the first quarter, the company sold 2.4 million shares through the at-the-market (ATM) program and scooped up $69.7 million in net proceeds. Finally, Healthcare Realty exited first-quarter 2016 with cash and cash equivalents of $2.2 million, down from $4.1 million at prior-year end.DividendOn May 3, 2016, Healthcare Realty declared a quarterly dividend of 30 cents per share. This dividend is payable on May 31 to stockholders of record as of May 16. The dividend is equivalent to 73.2% of normalized FFO per share.Our TakeRising national healthcare expenditure and an expected rise in demand for medical office buildings will likely offer Healthcare Realty ample opportunities for growth. However, an anticipated rise in interest rates and strong competition might hamper its momentum.Healthcare Realty currently has a Zacks Rank #3 (Hold). Investors interested in the REIT industry may consider stocks like CoreSite Realty Corporation COR, National Health Investors Inc. NHI and Public Storage PSA. Each of these stocks carries a Zacks Rank #2 (Buy).Note: FFO, a widely accepted and reported measure of the performance of REITs, is derived by adding depreciation, amortization and other non-cash expenses to net income.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PUBLIC STORAGE (PSA): Free Stock Analysis Report NATL HEALTH INV (NHI): Free Stock Analysis Report HEALTHCARE RLTY (HR): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report To read this article on Zacks.com click here.