other material
confidence high
sentiment positive
materiality 0.70
Healthcare Realty Trust Q2 update: occupancy above guidance, >$1B asset sales planned, $286M buybacks
Healthcare Realty Trust Inc
- Signed 432K sq ft of new multi-tenant leases in Q2 (4th consecutive >400K); 1H absorption 183K sq ft, above 90-140K guidance.
- Steward Health paid substantially all June/July rent; expects $3.0M reserve for unpaid pre-bankruptcy rent.
- Over $1B in completed/planned asset sales and JV transactions; $286M in shares repurchased (18M shares at $15.85 avg).
- Q2 weighted avg shares ~376.7M, down 6.7M vs Q1; CEO expects improved dividend coverage and accelerated FFO growth.