earnings
confidence high
sentiment positive
materiality 0.70
Healthcare Realty Q3 Normalized FFO $0.41, raises 2025 guidance, $404M asset sales closed
Healthcare Realty Trust Inc
2025-Q3 EPS reported
-$0.75
revenue$894,243,000
- GAAP net loss ($0.17)/shr vs ($0.26) YoY; Normalized FFO $0.41, NAREIT FFO $0.34.
- Same store cash NOI +5.4% driven by +90bp occupancy, 88.6% retention, +3.9% leasing spreads.
- Raised 2025 Normalized FFO guidance to $1.59-$1.61 and same store cash NOI growth to 4.00%-4.75%.
- Completed $404M asset sales in Q3 (15 transactions), YTD $486M at 6.5% cap rate; $700M under contract/LOI.
- Dividend $0.24/shr payable Nov 21, record Nov 11; run-rate Net Debt/Adj EBITDA 5.8x; liquidity ~$1.3B.
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