earnings
confidence high
sentiment neutral
materiality 0.75
Healthcare Realty reports Q4 net loss of $40.5M; Normalized FFO $0.39; guides FY2024 $1.52-$1.58
Healthcare Realty Trust Inc
2023-FY EPS reported
-$0.74
revenue$1,343,769,000
- Q4 net loss $40.5M ($0.11/sh); Normalized FFO $150.7M ($0.39/sh).
- Merger Combined Same Store cash NOI up 2.7% in Q4 and 2.8% for 2023.
- Multi-tenant occupancy 85.2% (+53 bps sequentially); lease rate 87.3%.
- Disposed 27 properties for $338M in Q4; 2023 total dispositions $656M at avg 6.6% cap.
- FY2024 Normalized FFO guidance $1.52-$1.58/sh; dividend $0.31/qtr maintained.