Group 1 - The market is currently viewing AI as a significant catalyst for stock performance, with expectations of increased productivity and reduced costs [1] - High Yield Landlord is positioning itself for future investment opportunities, particularly focusing on REITs, and offers a range of investment portfolios and real-time transaction updates [1] - Jussi Askola, the President of Leonberg Capital, has extensive experience in REIT investing and leads the High Yield Landlord investment group, which provides direct access to analysts for inquiries [1]

Real Estate Investments - The Company had gross investments of approximately $10.3 billion in 502 consolidated real estate properties as of December 31, 2025[10]. - The total real estate investments amounted to $10.29 billion with an occupancy rate of 90.4% across 502 properties[10]. - The Company’s total investments, including unconsolidated joint ventures, amounted to approximately $10.7 billion as of December 31, 2025[10]. - The occupancy rate for medical office/outpatient properties was 89.6%, while inpatient properties had a 100% occupancy rate as of December 31, 2025[10]. - The Company’s properties are primarily located on or near acute care hospital campuses, aiming to reduce financial and operational risk by focusing on high-growth markets[19]. - As of December 31, 2025, the Company had 5,730 leases covering a total of 25,988,658 square feet[16]. - The weighted average remaining years to expiration of the Company's leases was approximately 4.4 years as of December 31, 2025[15]. - The Company’s real estate portfolio is leased to a diverse tenant base, with no single tenant accounting for 10% or more of consolidated revenues for the year ended December 31, 2025[14]. Property Dispositions and Development - In 2025, the Company disposed of 70 properties for total sales prices of approximately $1.1 billion, yielding net cash proceeds of about $1.0 billion[20]. - The Company funded $136.6 million toward the development and redevelopment of properties in 2025[21]. - The weighted average capitalization rate for property sales in 2025 was 6.7%[20]. Liquidity and Financial Management - The Company expects to meet its liquidity needs through cash on hand, cash flows from operations, asset sales, and equity and debt issuances[18]. - The Company is subject to numerous federal, state, and local environmental laws that could impose significant liabilities related to hazardous substances[32]. Employee and Workforce Management - The Company employed 539 people as of December 31, 2025, focusing on diversity and inclusion in its workforce[36]. - The Company offers a dollar-for-dollar match on 401(k) contributions up to $2,800, encouraging higher employee savings[41]. - The Company pays 100% of long-term disability and life insurance premiums, and provides tuition reimbursement up to $3,000 annually for employees pursuing higher education[41]. - The Company offers health benefits and 401(k) eligibility starting on the first day of employment, with a dollar-for-dollar match on 401(k) contributions up to $2,800[41]. Environmental, Social, and Governance (ESG) Practices - The Company has adopted various frameworks for ESG performance, including participation in the annual GRESB Assessment[41]. - The Company's Board of Directors is committed to overseeing the integration of ESG principles throughout the Company, with executive officers' incentive programs including ESG performance measures[40]. - The Company aims to drive positive impact while mitigating risk and creating long-term value for stakeholders, including tenants, investors, employees, and communities[42]. - The Company is working toward expanding its climate risk and resiliency strategies in alignment with the Task Force on Climate-Related Disclosure[43]. - The Company participates in the annual GRESB Assessment and aligns its reporting disclosures with the Sustainability Accounting Standards Board[41]. Corporate Governance - The Company makes its Proxy Statement, Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q available to the public free of charge on its website[44]. - The Company has adopted Corporate Governance Principles relating to the conduct and operations of the Board of Directors, which are available on its website[45]. - The Board of Directors has established an Audit Committee, Compensation and Human Capital Committee, and Nominating and Corporate Governance Committee, with written charters posted online[46]. - Information regarding the executive officers of the Company is available in Part III, Item 10 of the report[47]. Competition and Market Position - The Company faces competition from various entities in acquiring and developing healthcare properties, which may affect its operational results[23].

On overhead, Scott said the company has achieved a $10 million run-rate reduction in general and administrative expense, bringing total G&A to $45 million, and noted a 60-basis-point improvement in property NOI margins with what he described as additional margin expansion potential ahead.Scott said Healthcare Realty has completed several major initiatives laid out in its July strategic plan. He reported that the revamp of the asset management platform is complete, with a new leadership team and a leasing mo ...

Under the new platform, cash leasing spreads have improved 60 basis points, tenant retention has improved 220 basis points, and we see a meaningful uptick in our lease IRRs and lease payback period. The end result, as we repeat this quarter after quarter, will be a higher quality earnings stream and improved earnings growth. Second, we have successfully achieved our target of $10,000,000 run-rate G&A savings. Our total G&A expense now sits at $45,000,000 and ranks favorably to peers. We also improved our pr ...

Healthcare Realty Trust (NYSE:HR) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Company ParticipantsDan Gabbay - CFOMichael Carroll - Managing DirectorMichael Gorman - Managing Director of REITsNick Joseph - Head of US Real Estate and Lodging Research TeamNick Yulico - Managing DirectorOmotayo Okusanya - Managing Director and Head of US REIT ResearchPeter Scott - President and CEORob Hull - COORon Hubbard - VP of Investor RelationsRyan Crowley - CIOConference Call ParticipantsAustin Wurschmidt - Direc ...

Healthcare Realty Trust (NYSE:HR) Q4 2025 Earnings call February 13, 2026 09:00 AM ET Company ParticipantsDan Gabbay - CFOMichael Carroll - Managing DirectorMichael Gorman - Managing Director of REITsNick Joseph - Head of US Real Estate and Lodging Research TeamNick Yulico - Managing DirectorOmotayo Okusanya - Managing Director and Head of US REIT ResearchPeter Scott - President and CEORob Hull - COORon Hubbard - VP of Investor RelationsRyan Crowley - CIOConference Call ParticipantsAustin Wurschmidt - Direc ...

Financial Data and Key Metrics Changes - The company reported normalized FFO per share of $1.61 for the full year 2025, exceeding the midpoint of original guidance by $0.03 [9] - Same-store NOI growth was 4.8%, surpassing the midpoint of original guidance by 140 basis points [10] - In Q4 2025, normalized FFO per share was $0.40, with same-store cash NOI growth of 5.5% [22] Business Line Data and Key Metrics Changes - The company executed approximately 5.8 million sq ft of leases in 2025, including 1.6 million sq ft of new leases [13] - Tenant retention improved to 82% for the year, with same-store absorption translating to over 100 basis points of occupancy gain [13][14] - Cash leasing spreads improved by 60 basis points, and tenant retention increased by 220 basis points under the new asset management platform [6] Market Data and Key Metrics Changes - The company exited 14 non-core markets, improving its geographic footprint into high-growth MSAs [7] - Demand in the top 100 MSAs continues to outstrip supply, with completions as a percentage of inventory remaining near all-time lows [15] Company Strategy and Development Direction - The company aims to become the clear leader in the outpatient medical sector, focusing on long-term shareholder value [4] - A three-year strategic plan was published in July, with key steps to overhaul the organization, including a revamp of the asset management platform and a successful asset disposition plan [5][6] - The company plans to prioritize redevelopment projects within its existing portfolio, targeting attractive yields on cost of approximately 10% [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's premier outpatient medical portfolio, supported by nearly 5% same-store NOI growth in 2025 [7] - The outlook for 2026 includes normalized FFO per share guidance of $1.58-$1.64, with same-store cash NOI growth expected to be between 3.5%-4.5% [24] - Management acknowledged the need for disciplined capital allocation due to current cost of capital and discount to intrinsic asset value [10] Other Important Information - The company successfully achieved a target of $10 million run rate G&A savings, with total G&A expenses now at $45 million [6] - The dividend was right-sized, offering a nearly 6% current yield to shareholders [9] Q&A Session Summary Question: Same-store NOI guidance for 2026 - Management explained that the 3.5%-4.5% guidance reflects expectations for escalators, retention, absorption, and cash leasing spreads, with a focus on pushing these metrics [30][31] Question: CapEx relative to FAD for 2026 - Management indicated that if FFO is flat, FAD is also expected to be flat, with maintenance capital numbers provided in guidance [36][38] Question: Absorption potential and redevelopment leasing - Management confirmed that the absorption figures discussed were for the same-store pool, with expectations for redevelopment projects to drive total portfolio occupancy increases [40][42] Question: Acquisition potential and profile - Management stated that any acquisitions would be pursued only if they meet yield expectations, emphasizing discipline in capital allocation [44][46] Question: Disposition plans going forward - Management outlined that $175 million of sales are embedded in guidance for the year, with some sales expected to close early in 2026 [48] Question: Changes in office repositionings and shadow supply - Management noted no significant changes in shadow supply affecting their markets, focusing on health system leasing [78] Question: Balance sheet and debt mix - Management indicated a target of mid-single digits to upper single digits for floating rate debt, emphasizing balance sheet efficiency [80]

4Q2025 Supplemental Information FURNISHED AS OF FEBRUARY 12, 2026 - UNAUDITED FORWARD LOOKING STATEMENTS & RISK FACTORS This Supplemental Information report contains disclosures that are "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "target," "intend," "plan," "estimate," "project," "continue," "should," "could," "budge ...

4Q2025 Supplemental Information FURNISHED AS OF FEBRUARY 12, 2026 - UNAUDITED FORWARD LOOKING STATEMENTS & RISK FACTORS This Supplemental Information report contains disclosures that are "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "target," "intend," "plan," "estimate," "project," "continue," "should," "could," "budge ...

NASHVILLE, Tenn., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) (the “Company”) today announced the establishment of its inaugural commercial paper program. The program allows the Company’s operating partnership, Healthcare Realty Holdings, L.P. (the “Issuer”), to issue up to $600 million of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with the Issuer's ...