earnings
confidence high
sentiment neutral
materiality 0.70
Healthcare Realty Trust Q2 net loss $82.8M, normalized FFO $0.39/share
Healthcare Realty Trust Inc
2023-Q2 EPS reported
-$0.45
revenue$671,068,000
- Net loss of $82.8M ($0.22 diluted EPS); Normalized FFO of $149.8M ($0.39 diluted).
- Merger Combined Same Store cash NOI up 2.1% YoY; occupancy 89.0% (up 20 bps).
- Weighted average MOB cash leasing spreads of 3.0% on 598K sq ft renewed; tenant retention 80.5%.
- Expects >$300M property sale proceeds by year-end; net debt/EBITDA 6.6x.
- Dividend of $0.31/share declared, payable Aug 30, 2023.