earnings
confidence high
sentiment neutral
materiality 0.70
Healthcare Realty Trust Q1 net loss $87.1M, Normalized FFO $0.40 per share
Healthcare Realty Trust Inc
2023-Q1 EPS reported
-$0.23
revenue$332,925,000
- Net loss attributable to common stockholders of $87.1M ($0.23 diluted); Normalized FFO of $152.8M ($0.40).
- Same-store cash NOI increased 2.8% YoY; occupancy up 50 bps to 89.0%.
- YTD asset sales and JV transactions totaled $208.8M at 6.5% cap rate; $96M closed since January.
- Reserved $2.4M revenue on Legacy HTA assets; recorded $5.2M credit loss allowance on mezzanine loan.
- Dividend maintained at $0.31 per share; payable June 2, 2023 to holders of record May 16.