Financial Performance - Rental income for the three months ended September 30, 2024, was $306,499 thousand, down 8% from $333,335 thousand for the same period in 2023[9] - The net loss attributable to common stockholders for the nine months ended September 30, 2024, was $547,639 thousand, compared to a loss of $237,728 thousand for the same period in 2023, indicating a significant increase in losses[10] - The company reported a comprehensive loss attributable to common stockholders of $553,861 thousand for the nine months ended September 30, 2024, compared to $222,789 thousand for the same period in 2023[10] - For the nine months ended September 30, 2024, the net loss was $555,692, compared to a net loss of $240,408 for the same period in 2023, indicating a significant increase in losses[13] - Net loss for the three months ended September 30, 2024, was $94,535,000, compared to a net loss of $68,604,000 for the same period in 2023, representing an increase of 37.9%[70] - Basic earnings per common share for the three months ended September 30, 2024, was $(0.26), compared to $(0.18) for the same period in 2023, indicating a decline of 44.4%[70] Assets and Liabilities - As of September 30, 2024, total assets decreased to $11,244,585 thousand from $12,637,131 thousand as of December 31, 2023, representing a decline of approximately 11%[6] - Total liabilities decreased slightly to $5,645,238 thousand as of September 30, 2024, from $5,714,349 thousand as of December 31, 2023[8] - The company’s total stockholders' equity decreased to $5,515,426 thousand as of September 30, 2024, from $6,822,662 thousand as of December 31, 2023, reflecting a decline of approximately 19%[7] - Total stockholders' equity as of September 30, 2024, was $5,515,426, down from $7,179,399 as of June 30, 2023, reflecting a decrease of approximately 23.2%[12] - The total equity, including redeemable noncontrolling interests, was $5,595,472 as of September 30, 2024, down from $7,283,417 as of June 30, 2023, reflecting a decrease of approximately 23.2%[12] Cash Flow and Investments - Cash and cash equivalents decreased to $22,801 thousand as of September 30, 2024, from $25,699 thousand as of December 31, 2023[6] - The company reported net cash provided by operating activities of $363,605 for the nine months ended September 30, 2024, compared to $372,504 for the same period in 2023, reflecting a decrease of approximately 2.5%[13] - For the nine months ended September 30, 2024, net cash provided by investing activities was $482,149,000, compared to $112,463,000 in the same period of 2023, indicating a significant increase[14] - The company reported total gross investments of approximately $12.4 billion in 605 consolidated real estate properties as of September 30, 2024[16] - The company reported a net cash used in financing activities of $845,294,000 for the nine months ended September 30, 2024, compared to $521,260,000 in the same period of 2023[14] Real Estate and Impairments - The company recognized real estate impairments totaling $174.5 million for the nine months ended September 30, 2024, due to completed and planned disposition activity[26] - The company recognized impairment charges totaling $34.6 million for real estate assets held for sale during the nine months ended September 30, 2024[7] - The company incurred an impairment of real estate properties and credit loss reserves amounting to $232,450 for the nine months ended September 30, 2024, compared to $143,510 in 2023, indicating a rise of approximately 62.0%[13] Dividends and Shareholder Returns - Dividends to common stockholders for the nine months ended September 30, 2024, totaled $348,535, compared to $354,582 for the same period in 2023, reflecting a decrease of about 1.7%[12] - The company declared and paid common stock dividends totaling $0.93 per share during the nine months ended September 30, 2024[66] - The company repurchased 2,966,764 shares of its common stock for a total of $41.7 million at a weighted average price of $14.07 in April 2024[67] - As of September 30, 2024, the company had repurchased an aggregate of 8,492,851 shares for a total of $149.8 million at a weighted average price of $17.64[67] Operational Metrics - The company provided leasing and property management services to 92% of its portfolio nationwide as of September 30, 2024[16] - Same Store Cash NOI for the nine months ended September 30, 2024, was $539,305,000, compared to $524,479,000 for the same period in 2023, reflecting an increase of 2.3%[107] - Same store properties occupancy rate was 89.9% as of September 30, 2024[108] - The company recognized gains on sale of real estate properties of approximately $39.3 million in the third quarter of 2024, compared to $48.8 million in the third quarter of 2023[114] Debt and Financing - The company had net borrowings of $206,000,000 on its unsecured credit facility during the nine months ended September 30, 2024[14] - The company had $1.3 billion available to be drawn on its $1.5 billion Unsecured Credit Facility as of September 30, 2024[54] - The company repaid $100 million of the initial $350 million Unsecured Term Loan in June 2024 and an additional $150 million in September 2024[55] - The company’s total balance of debt as of September 30, 2024, was $4,957,796 thousand[54] Future Outlook and Risks - The company anticipates significant risks and uncertainties that may affect future performance, including interest rate increases and competition for quality assets[82] - Approximately 15% of the Company's leases are expected to expire each year, with 418 leases totaling 1.4 million square feet expiring during the remainder of 2024[97] - The Company expects to retain 75% to 90% of tenants upon lease expiration, with the retention ratio for the first nine months of the year within this range[97]

NASHVILLE, Tenn., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced that it expects to report results for the third quarter of 2024 on Wednesday morning, October 30, 2024, before the market opens. On Wednesday, October 30, 2024, at 11:00 a.m. Eastern Time, Healthcare Realty Trust expects to hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a webcast of the conference ...

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Increases leadership alignment with operational and capital allocation initiatives Reaffirms forward-looking guidance and expectations for 2024 NASHVILLE, Tenn., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust today announced key leadership changes to extend the Company's operational momentum and increase focus on execution, acceleration of growth, and accretive capital allocation. Rob Hull will become Chief Operating Officer, Ryan Crowley will be promoted to Executive Vice President and Chief In ...

NASHVILLE, Tenn., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) completed the contribution of eight properties for $193 million in a joint venture with Nuveen Real Estate ("Nuveen"). The new 80/20 JV obtained secured financing for approximately 40% of the contribution value. This previously announced JV expansion brings the total value of JVs with Nuveen to over $600 million. Year-to-date the Company has completed over $800 million of joint venture and asset sales transac ...

Toronto, Canada benedek/E+ via Getty Images Note: All amounts are in Canadian Dollars unless specified otherwise It has been about 9 months since we backed the repositioning strategy for H&R REIT (TSX:HR.UN:CA). Our rationale was that office assets are depressing the overall valuation, and it was hard to lose money from that point. We could afford to have all the patience in the world when the price was right. In addition H&R has a huge percentage of NOI coming from residential, which should trade at a far ...

Economic Outlook - The likelihood of a recession is increasing due to weakening consumer conditions, including depleted pandemic-era savings, low personal savings rates, and record-high credit card debt [1][3][4] - Historical trends indicate that recessions typically follow significant increases in interest rates, which have reached multi-decade highs [4][5] Investment Opportunities - Real Estate Investment Trusts (REITs) are highlighted as resilient investments during recessionary periods, historically outperforming the S&P 500 and providing better downside protection [6][24] - Specific REITs, such as NewLake Capital Partners (NLCP) and Healthcare Realty Trust, are identified as having strong fundamentals that may allow them to thrive in a recession [7][15] NewLake Capital Partners (NLCP) - NLCP focuses on cannabis cultivation facilities with long leases, strong rent coverage, and zero leverage, making it potentially recession-resistant [8][9] - The REIT offers an attractive 8.5% dividend yield and has a history of growing funds from operations (FFO) per share and dividends [10][12] - NLCP's properties are located in limited-license jurisdictions with growing demand, ensuring sustainable rental income [9][11] Healthcare Realty Trust - Healthcare Realty Trust specializes in medical office buildings, which are expected to perform well during recessions due to consistent demand for healthcare services [14][15] - The REIT has a solid balance sheet with a manageable debt load and is actively engaging in asset sales to fund share buybacks, enhancing cash flow and dividend sustainability [22][23] - The expected dividend yield is around 7%, combined with projected annual cash flow growth of approximately 5%, leading to strong total returns [23]

buzbuzzer My previous article on Healthcare Realty Trust (NYSE:HR) was issued right after the REIT published its Q1, 2024 earnings deck. The recommendation was to avoid investing in HR, even though in the near-term one could expect some value crystallization from notable JV and full asset disposals at enticing cap rates. The reason to stay away from HR was related to HR's unsustainable dividend, which at that time was not fully covered by the underlying FAD generation for several quarters in a row. My conce ...

Healthcare Realty Trust Incorporated (NYSE:HR) Q2 2024 Earnings Conference Call August 2, 2024 12:00 PM ET Company Participants Ron Hubbard - Vice President, Investor Relations Todd Meredith - President and Chief Executive Officer Kris Douglas - Executive Vice President and Chief Financial Officer Rob Hull - Executive Vice President, Investments Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Griffin - Citi Michael Mueller - JPMorgan Richard Anderson - Wedbush Securities Joh ...

Healthcare Realty Trust (HR) reported $316.32 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.5%. EPS of $0.38 for the same period compares to -$0.22 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $322.07 million, representing a surprise of -1.79%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.38. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...