Healthcare Realty: Large Discount To Recent Dispositions/Replacement Cost

Taras Grebinets/iStock via Getty ImagesShares of Healthcare Realty (NYSE:HR) have been pummeled falling by 33% over the past year, massively underperforming the broader REIT market (VNQ) which is down just 2%. Shares of Healthcare Realty have stumbled as:  2024 NOI/FFO guidance came in below prior management guidance  Concerns about the sustainability of the dividend, which is not fully covered by 2024 AFFO.  While these are valid concerns, I believe both are more than reflected in the current share pri ...