Core Points - Healthcare Realty Trust reported a net loss attributable to common stockholders of $(44.9) million, or $(0.13) per diluted common share for Q1 2025 [1][19] - The company declared a quarterly dividend of $0.31 per share, payable on May 23, 2025 [3] - The company reaffirmed its earnings per share guidance for 2025, with a range of $(0.28) to $(0.20) [4] Leasing - Portfolio leasing activity in Q1 2025 totaled 1,450,000 square feet across 377 leases, including 1,002,000 square feet of renewals and 448,000 square feet of new and expansion leases [5] - The company signed new leases totaling 370,000 square feet in the first quarter [5] Same Store Metrics - Same store occupancy increased to 89.3% as of the end of Q1 2025, up from 89.2% in Q4 2024 [5] - Tenant retention improved to 84.8% in Q1 2025, compared to 81.6% in Q4 2024 [5] Balance Sheet - Total assets decreased to $10.5 billion in Q1 2025 from $10.7 billion in Q4 2024 [14][15] - Total liabilities remained relatively stable at $5.3 billion in Q1 2025, compared to $5.3 billion in Q4 2024 [15] Leadership - Peter A. Scott was appointed as President & CEO effective April 15, 2025, succeeding Connie Moore, who served as Interim President and CEO [5] Dividend - The company will pay a cash dividend of $0.31 per share on May 23, 2025, to Class A common stockholders of record on May 12, 2025 [3] Guidance - The company provided guidance for 2025, with expected earnings per share ranging from $(0.28) to $(0.20) and NAREIT FFO per share between $1.44 and $1.48 [4]

Financial Performance - Rental income decreased to $288,857,000 in Q1 2025 from $318,076,000 in Q1 2024, a decline of approximately 9.1%[11] - Net loss attributable to common stockholders was $44,873,000 in Q1 2025 compared to $310,836,000 in Q1 2024, representing a significant reduction of 85.5%[11] - Comprehensive loss attributable to common stockholders was $50,827,000 in Q1 2025, down from $295,304,000 in Q1 2024, a decrease of 82.8%[12] - Revenue for the three months ended March 31, 2025, was $298,977 thousand, down from $326,805 thousand in the same period of 2024, representing a decrease of approximately 8.5%[97] - Net loss for the three months ended March 31, 2025, was $45,389 thousand, significantly improved from a net loss of $315,220 thousand in Q1 2024[97] Cash Flow and Operating Activities - Net cash provided by operating activities was $47,788,000 in Q1 2025, compared to $76,152,000 in Q1 2024, a decline of 37.2%[14] - The company reported a net cash provided by operating activities of $47,788 for Q1 2025, down from $76,152 in Q1 2024[14] Expenses and Cost Management - Total expenses decreased to $280,473,000 in Q1 2025 from $314,379,000 in Q1 2024, a reduction of approximately 10.8%[11] - Interest expense decreased to $54,812,000 in Q1 2025 from $61,054,000 in Q1 2024, a decrease of about 10.5%[11] - Significant segment expenses totaled $103,887 thousand in Q1 2025, a decrease from $111,269 thousand in Q1 2024, reflecting a reduction of about 6.6%[96] - Property taxes decreased from $32,929 thousand in Q1 2024 to $28,810 thousand in Q1 2025, a reduction of approximately 12.8%[96] - Personnel expenses remained relatively stable, decreasing slightly from $24,619 thousand in Q1 2024 to $24,379 thousand in Q1 2025[96] Real Estate and Investments - As of March 31, 2025, the Company had gross investments of approximately $11.8 billion in 587 consolidated real estate properties[15] - The Company's consolidated real estate properties total approximately 34.3 million square feet, with leasing and property management services provided to 92% of its portfolio[15] - The Company recognized real estate impairments totaling $10.2 million during the three months ended March 31, 2025, due to completed and planned disposition activity[33] - The Company had three consolidated variable interest entities (VIEs) as of March 31, 2025, with total assets of $106.9 million and total liabilities of $67.8 million[25] - The Company reported total dispositions of real estate assets amounting to $28.1 million for the three months ended March 31, 2025, with a net gain of $(5.4) million[57] Financing and Debt - The Company had $1.4 billion available to be drawn on its $1.5 billion Unsecured Credit Facility as of March 31, 2025[67] - As of March 31, 2025, the Company had total notes and bonds payable amounting to $4.73 billion, an increase from $4.66 billion as of December 31, 2024[66] - The carrying value of notes and bonds payable as of March 31, 2025, was $4,732.6 million, with a fair value of $4,670.1 million[91] - The Company had 15 outstanding interest rate derivatives designated as cash flow hedges with a total amount of $1.075 billion and a weighted average rate of 3.92%[72] Shareholder Returns and Equity - The company paid dividends of $108,809,000 in Q1 2025, compared to $118,269,000 in Q1 2024, a decrease of approximately 7.8%[14] - The Company declared and paid common stock dividends totaling $0.31 per share during the three months ended March 31, 2025[81] - The Company authorized a stock repurchase of up to $300.0 million, with $237.0 million remaining as of March 31, 2025[82] - The Company granted non-vested stock awards with a total fair value of $7.9 million during the first quarter of 2025, consisting of 477,226 shares[86] Joint Ventures and Partnerships - The Company had a weighted average ownership interest of approximately 30% in 63 real estate properties held in unconsolidated joint ventures[15] - The Company’s investment in unconsolidated joint ventures decreased to $470.4 million as of March 31, 2025, from $473.1 million at the beginning of the period[55] - The Company’s equity income from unconsolidated joint ventures was $1,000 for the three months ended March 31, 2025, compared to a loss of $(422,000) for the same period in 2024[55] Asset Management - The Company had two properties classified as assets held for sale, with a net value of $6.4 million, down from $12.3 million as of December 31, 2024[59] - The Company recognized an allowance for credit losses of $16.8 million as of March 31, 2025, which includes approximately $16.3 million of principal and $0.5 million of interest[40] - The fair value of real estate notes receivable as of March 31, 2025, was $110.3 million, down from $122.4 million as of December 31, 2024[91] Future Commitments - Future lease payments under non-cancelable operating leases as of March 31, 2025, total $4.6 billion, with the largest payment of $1.6 billion due in 2030 and thereafter[62] - The company had total undiscounted lease payments of $4,599,481 thousand as of March 31, 2025, with future payments scheduled through 2030 and beyond[62]

Group 1 - The investment group High Yield Landlord, led by Jussi Askola, provides real-time insights into a REIT portfolio, including buy/sell alerts and direct access to analysts [2] - Jussi Askola is the President of Leonberg Capital, which specializes in consulting hedge funds and private equity firms on REIT investing, and has a strong academic background in the field [2] - The company invests significant resources, over $100,000 annually, into researching profitable investment opportunities, particularly in real estate strategies [1]

Core Viewpoint - Healthcare Realty Trust has appointed Peter A. Scott as the new President and CEO, effective April 15, 2025, following a thorough search process [1][4]. Company Leadership - Peter A. Scott has served as CFO of Healthpeak Properties, Inc. since 2017, managing approximately $25 billion in assets focused on healthcare real estate [2][5]. - Connie Moore, who has been Interim President and CEO since November 2024, will continue to serve on the Board after transitioning out of the interim role [3]. Board's Perspective - Glenn Rufrano, chair of the Board's CEO search committee, expressed confidence in Scott's leadership and industry relationships, emphasizing his ability to build on Healthcare Realty's strong foundation [4]. - Thomas N. Bohjalian, Independent Chair of the Board, highlighted Scott's experience in corporate strategy and capital allocation, thanking Moore for her interim leadership [4]. Scott's Vision - Peter A. Scott expressed enthusiasm for leading Healthcare Realty, noting the company's strong outpatient medical real estate platform and favorable market trends [4]. Company Overview - Healthcare Realty is a REIT specializing in medical outpatient buildings, with a portfolio of over 650 properties totaling more than 38 million square feet across 15 growth markets [8].

Group 1 - The article emphasizes the importance of creating a portfolio that generates income without the need for selling assets, which can significantly reduce financial stress during retirement [2] - It highlights a specific investment strategy, referred to as the "Income Method," which aims to deliver strong returns and targets a yield of 9-10% [2] - The company offers a month-long paid trial for $49, along with a promotional discount of 5%, to attract potential investors to join their community [2] Group 2 - The content suggests that joining a supportive investment group can enhance the investment experience and provide better outcomes compared to going it alone or relying on indifferent financial advisors [2] - The focus on dividends is presented as a powerful tool for retirement planning, indicating that dividends can play a crucial role in achieving financial goals [2]

Group 1 - Healthcare Realty Trust Incorporated will participate in Citi's 2025 Global Property CEO Conference on March 3 – 4, 2025, and has published an updated investor presentation ahead of the event [1] - The company has partially collected rent payments from Prospect Medical for January and February 2025, totaling $0.4 million, following Prospect Medical's Chapter 11 bankruptcy filing on January 11, 2025 [2] - Prospect Medical leases 81,000 square feet from Healthcare Realty, contributing approximately $2.9 million in annual revenue, but the company cannot assure recovery of additional unpaid rent or timely reletting of space related to any leases rejected in bankruptcy [2] Group 2 - Healthcare Realty is a real estate investment trust (REIT) that specializes in owning and operating medical outpatient buildings, primarily located around leading hospital campuses [3] - The company has a portfolio of over 650 properties totaling 38.4 million square feet, concentrated in 15 growth markets [3]

Group 1 - REITs and real estate have been significantly impacted by rising interest rates, inflation, and changes in lifestyle over the past few years [1] - The last five years have seen an unusual amount of volatility in the real estate sector [1]

4Q2024 Supplemental Information FURNISHED AS OF FEBRUARY 19, 2025 - 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 phrase ...

Healthcare Realty Trust Incorporated. (NYSE:HR) Q4 2024 Earnings Conference Call February 19, 2025 11:00 AM ET Company Participants Ron Hubbard - Vice President of Investor Relations Constance Moore - Interim President and CEO Austen Helfrich - Chief Financial Officer Robert Hull - Chief Operating Officer Ryan Crowley - Chief Investment Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Nicholas Joseph - Citigroup Richard Anderson - Wedbush J ...

Healthcare Realty Trust (HR) reported $309.77 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 6.3%. EPS of $0.40 for the same period compares to -$0.11 a year ago.The reported revenue represents a surprise of +0.66% over the Zacks Consensus Estimate of $307.73 million. With the consensus EPS estimate being $0.39, the EPS surprise was +2.56%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...