other material
confidence high
sentiment positive
materiality 0.65
Healthcare Realty Trust updates on $318M YTD dispositions and record Q3 leasing of 447K sq ft
Healthcare Realty Trust Inc
- Completed $209M in asset sales since June 2023; YTD dispositions total $318M.
- Affirmed 2023 dispositions guidance of $350M-$450M; cap rate range narrowed to 6.5%-7.0%.
- Record new leasing of 447,000 sq ft in Q3 2023, up from 376,000 sq ft in Q2.
- Legacy HTA properties signed 269,000 sq ft Q3 new leases, 62% of YTD activity.
- Occupancy expected flat in Q3 2023 but to increase in 2024; proceeds to reduce floating rate debt.