earnings
confidence high
sentiment negative
materiality 0.65
Healthcare Realty Trust reports Q3 net loss of $67.8M; normalized FFO $0.39/share
Healthcare Realty Trust Inc
2023-Q3 EPS reported
-$0.63
revenue$1,013,328,000
- Net loss of $67.8M ($0.18/share); Normalized FFO of $148.1M ($0.39/share).
- Same store cash NOI up 2.3% YoY; occupancy 89.2%, up 20 bps.
- Sold five properties for $208.7M in Q3; YTD sales $318.3M. Expect $138M from contracts by year-end.
- Dividend $0.31 per share paid Aug and payable Nov 30. Net debt/EBITDA 6.6x.
- Leasing spreads 4.8% on 622k sq ft; tenant retention 76.1%.