Healthcare Realty Trust rporated(HR)
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Healthcare Realty Trust rporated(HR) - 2022 Q1 - Quarterly Report
2022-05-08 16:00
________________________ FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35568 (Healthcare Trust of America, Inc.) Commission File Number: 333-190916 (Healthcare Trust of America Holdings, LP) _________________________ HEALTHCARE TRUST OF AMERICA, INC. HEALTHCARE TRUST OF AMERICA HOLDINGS, LP (Exact name of registrant as sp ...
Healthcare Realty Trust rporated(HR) - 2022 Q1 - Earnings Call Transcript
2022-05-08 13:22
Financial Data and Key Metrics Changes - The company reported a normalized FFO per share growth of 3.6% year-over-year to $0.43, with sequential quarterly FFO growth primarily driven by a $2.4 million contribution from net investment activity [33][34] - Same-store NOI growth was 2.9%, consistent with long-term historical norms, and same-store average occupancy increased 40 basis points to 89.2% [35][36] Business Line Data and Key Metrics Changes - Year-to-date acquisitions totaled $341 million at a blended cap rate of 5.1%, with a significant portion aligned with leading health systems [19][20] - Dispositions contributed $110 million at a blended cap rate of 4.2%, resulting in a positive rotation of 90 basis points between average sale cap rate and average acquisition cap rate [20] Market Data and Key Metrics Changes - The company is experiencing strong leasing interest from independent physician groups, with a record number of property tours in the first quarter [36] - The development pipeline is expanding, with $1.6 billion in projects slated to start later this year, driven by strong demand for space [9][22] Company Strategy and Development Direction - The strategic combination with HTA is expected to enhance growth, shifting from an average annual FAD per share growth of 4.5% to a range of 5% to 7% [12][13] - The focus is on forming more hospital-centric clusters, which will drive value for shareholders and increase market share [25][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic combination with HTA, highlighting the potential for accelerated growth and increased stability [17][41] - The company anticipates steady absorption gains in the coming quarters based on constructive provider sentiment [8] Other Important Information - The company has secured commitments for a new $1.5 billion revolving credit facility and $1.5 billion of term loans to enhance liquidity [39][40] - A $500 million stock repurchase program has been authorized to reinvest proceeds accretively [15] Q&A Session Summary Question: Details on asset sales and joint ventures - Management confirmed that asset sales will primarily involve HTA assets, focusing on off-campus properties with longer lease terms [48][50] Question: Path to achieving Party F's offer - Management indicated confidence in exceeding Party F's unsolicited proposal through accelerated growth from the combination with HTA [51][54] Question: Impact of joint ventures on FAD accretion - Management stated that additional joint ventures and asset sales could add approximately 30 basis points to FAD accretion [58] Question: Tenant relationships regarding the strategic combination - Management noted excitement among tenants about the increased size and concentration of the portfolio, with no significant concerns raised [81] Question: Future Board composition post-merger - Management acknowledged the expanded Board size but emphasized the value of HTA board members and the intention to reduce the size over time [102][104]
Healthcare Trust of America (HTA) HR-HTA-Strategic-Business-Combination-Presentation
2022-03-07 18:27
Strategic Business Combination Healthcare Realty and Healthcare Trust of America February 28, 2022 Colorado Springs, Colorado San Francisco, California Miami, Florida Milwaukee, Wisconsin Chicago, Illinois Transaction Overview Healthcare Realty and Healthcare Trust of America enter into an $18 billion strategic combination, creating the preeminent medical office building REIT TRANSACT ION DETAIL MANAGEMENT AND GOVERNANCE RESULTS AND DIVIDEND APPROVALS AND EXPECTED TIMING • Total implied value of $35.08 per ...
Healthcare Realty Trust rporated(HR) - 2021 Q4 - Annual Report
2022-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35568 (Healthcare Trust of America, Inc.) Commission File Number: 333-190916 (Healthcare Trust of America Holdings, LP) HEALTHCARE TRUST OF AMERICA, I ...
Healthcare Realty Trust rporated(HR) - 2021 Q4 - Earnings Call Presentation
2022-02-23 00:24
Investor Presentation February 2022 HEALTHCARE REALTY This presentation contains disclosures that are "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 and phrases such as "can," "may," "payable," "indicative," "predictive," "annualized," "expect, ...
Healthcare Realty Trust rporated(HR) - 2021 Q4 - Earnings Call Transcript
2022-02-23 00:22
Healthcare Realty Trust Incorporated (NYSE:HR) Q4 2021 Earnings Conference Call February 22, 2022 12:00 PM ET Company Participants Kara Smith - Investor Relations, Manager Todd Meredith - President and Chief Executive Officer Robert Hull - Executive Vice President, Investments Kris Douglas - Executive Vice President and Chief Financial Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Jordan Sadler - KeyBanc Capital Markets Nick Joseph - Citi Richard Anderson - SMBC Nikko Tayo Okusany ...
Healthcare Realty Trust rporated(HR) - 2021 Q3 - Earnings Call Presentation
2021-11-08 15:47
3Q2021 Supplemental Information FURNISHED AS OF NOVEMBER 3, 2021 - UNAUDITED FORWARD LOOKING STATEMENTS & RISK FACTORS This Supplemental Information report contains disclosures that are "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 and phrases ...
Healthcare Realty Trust rporated(HR) - 2021 Q3 - Earnings Call Transcript
2021-11-07 05:38
Healthcare Realty Trust Incorporated (NYSE:HR) Q3 2021 Earnings Conference Call November 4, 2021 12:00 PM ET Company Participants Kara Smith – Investor Relations Todd Meredith – Chief Executive Officer Bethany Mancini – Corporate Communications Rob Hull – Executive Vice President, Investments Kris Douglas – Chief Financial Officer Conference Call Participants Juan Sanabria – BMO Capital Markets Jordan Sadler – KeyBanc Capital Markets Nick Joseph – Citi Rich Anderson – SMBC Connor Siversky – Berenberg John P ...
Healthcare Realty Trust rporated(HR) - 2021 Q3 - Quarterly Report
2021-11-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35568 (Healthcare Trust of America, Inc.) Commission File Number: 333-190916 (Healthcare Trust of America Hol ...
Healthcare Realty Trust rporated(HR) - 2021 Q2 - Earnings Call Presentation
2021-08-09 20:22
FURNISHED AS OF AUGUST 4, 2021 - UNAUDITED 2Q2021 Supplemental Information FORWARD LOOKING STATEMENTS & RISK FACTORS This Supplemental Information report contains disclosures that are "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 and phrases s ...