earnings
confidence high
sentiment neutral
materiality 0.70
Healthcare Realty Q2 net loss $143.8M; normalized FFO $0.38; affirms 2024 guidance
Healthcare Realty Trust Inc
2024-Q2 EPS reported
-$1.22
revenue$643,127,000
- Net loss $143.8M ($0.39/sh); normalized FFO $0.38/sh, $0.39 ex-Steward reserves.
- YTD capital: ~$400M from JV/asset sales; targeting >$1B, majority by Q3.
- Repurchased 18.5M shares for $294.5M at avg $15.89.
- Multi-tenant occupancy +37bps in Q2; leased 87.6% vs occupied 85.9%.
- Same Store cash NOI +2.3% YoY; dividend $0.31/sh; FY24 Normalized FFO guidance $1.53-$1.58.