earnings
confidence high
sentiment neutral
materiality 0.65
Healthcare Realty Trust Q3 normalized FFO $0.39; same-store NOI +2.8%, merger synergies $16.4M
Healthcare Realty Trust Inc
2022-Q3 EPS reported
$0.35
revenue$594,575,000
- Net income $28.3M ($0.08 diluted EPS); normalized FFO $129.4M ($0.39/diluted share).
- Same-store cash NOI +2.8% YoY; TTM growth 2.4%. Cash leasing spreads 2.9% on 634K sq ft renewed.
- Realized $16.4M annualized G&A synergies (half of $33-36M target); expects remaining $18M over next three quarters.
- Closed $922M in JV/asset sales at 4.6% cap rate; expects total >$1.1B at 4.8% cap rate.
- Dividend $0.31/share, payable Nov 30 to holders of record Nov 15.