Healthcare Realty Trust Incorporated ( (HR) ) has released its Q1 earnings. Here is a breakdown of the information Healthcare Realty Trust Incorporated presented to its investors.
Healthcare Realty Trust Incorporated is a real estate investment trust (REIT) that specializes in owning and operating medical outpatient buildings, primarily located around leading hospital campuses. The company focuses on strategic property acquisition and development, boasting a portfolio of approximately 650 properties across 15 growth markets.
In its first quarter of 2025 earnings report, Healthcare Realty Trust reported a net loss of $44.9 million, or $0.13 per diluted common share. Despite the loss, the company declared a quarterly dividend of $0.31 per share and highlighted a normalized funds from operations (FFO) per share of $0.39.
Key financial metrics from the quarter include a slight increase in same-store occupancy to 89.3% and a cash net operating income (NOI) growth of 2.3% year-over-year. The company also generated $66 million in gross proceeds from asset sales and loan repayments. Additionally, Healthcare Realty Trust reported a tenant retention rate of 84.8% and commenced leasing activities covering 1,450,000 square feet.
The company made significant strides in its leadership, appointing Peter A. Scott as the new President and CEO, effective April 15, 2025. The balance sheet showed a run rate net debt to adjusted EBITDA of 6.4 times, with a repayment of $35 million in term loans maturing in 2026.
Looking ahead, Healthcare Realty Trust maintains its guidance for 2025, reflecting its expectations of market conditions and operational performance. The company remains focused on strategic growth and maintaining its position as a leader in the medical outpatient building sector.