earnings
confidence high
sentiment positive
materiality 0.75
Healthcare Realty Q2 Normalized FFO $0.41; raises FY 2026 guidance midpoint by $0.02
Healthcare Realty Trust Inc
- GAAP net loss $(0.13)/share; Normalized FFO $0.41, NAREIT FFO $0.36.
- Same store cash NOI growth 5.1%; tenant retention 88.5%; cash leasing spreads 4.8%.
- FY 2026 Normalized FFO guidance raised to $1.62-$1.66; Same Store NOI growth raised to 4.25%-5.00%.
- Issued $700M 3.00% exchangeable notes due 2032; repurchased 3.8M shares for $75M.
- Closed/under contract ~$200M JV acquisitions (~$40M at share) at ~7.5% cash yield; $83M dispositions at sub-5% cap rate.