other material
confidence high
sentiment negative
materiality 0.55
Healthcare Realty collects $0.4M partial rent from bankrupt tenant Prospect Medical; attends Citi conference
Healthcare Realty Trust Inc
- Partial rent collected from Prospect Medical (Chapter 11 on Jan 11, 2025) for Jan/Feb 2025 totals $0.4M.
- Prospect Medical leases 81,000 sq ft from Healthcare Realty, representing ~$2.9M annual revenue.
- Company provides no assurance of recovering additional unpaid rent or timely relet of space.
- Management will participate in Citi's 2025 Global Property CEO Conference on March 3–4, 2025.