Healthcare Realty Q1 net loss $310.8M; announces $383M JV with KKR, share buyback

Healthcare Realty Trust Inc

2024-Q1 EPS reported -$0.82 revenue$326,805,000

Q1 net loss $310.8M ($0.82/diluted); Normalized FFO $0.39 per share.
Announced $383M JV with KKR at 6.6% cap rate; expects ~$300M proceeds from property contributions.
Repurchased 3.0M shares for $41.7M in April; Board authorized up to $500M buyback.
Same Store cash NOI up 3.0% YoY; tenant retention improved to 84.8% from 78.2%.
Affirmed 2024 Normalized FFO guidance of $1.52-$1.58 per share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Healthcare Realty Trust Inc reported first quarter ended March 31, 2024 results: net income $(310.8) million, EPS $(0.82) per diluted common share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Net income: $(310.8) million
EPS: $(0.82) per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net (loss) income attributable to common stockholders for the three months ended March 31, 2024 was $(310.8) million, or $(0.82) per diluted common share.

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Healthcare Realty Trust Inc filing history →

Source: SEC EDGAR

accession 0001360604-24-000046

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