earnings
confidence high
sentiment positive
materiality 0.80
Healthcare Realty posts FY2025 normalized FFO $1.61, SS NOI growth 4.8%; guides 2026 NFFO $1.58-$1.64
Healthcare Realty Trust Inc
2025-FY EPS reported
-$0.71
revenue$1,180,546,000
- Normalized FFO per share $1.61, up 3% YoY; same-store cash NOI growth 4.8% (vs 3.5%–4.5% guidance midpoint).
- Same-store occupancy 92.1%, up 103 bps; cash leasing spreads +3.1%; tenant retention 81.5% for FY2025.
- Completed ~$1.2B asset sales at 6.7% blended cap rate; net debt/EBITDA improved to 5.4x from 6.1x a year ago.
- 2026 guidance: normalized FFO $1.58–$1.64, same-store cash NOI growth 3.5%–4.5%.
- Repurchased $50M of shares in Jan 2026; $450M authorization remaining; quarterly dividend $0.24 (5.2% yield).
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