NASHVILLE, Tenn., July 18, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today released its sixth annual Corporate Responsibility Report highlighting the Company's 2023 environmental, social, and governance (ESG) initiatives and accomplishments. The report outlines the Company's progress toward its stated key performance indicators, environmental performance, and disclosures that align with the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accoun ...

Conference Call Details Domestic Dial-In Number: +1 404 975 4839, access code 445920 All Other Locations: +1 833 470 1428, access code 445920 Additional information regarding the Company, including this quarter's operations, can be found at www.healthcarerealty.com. On Friday, August 2, 2024, at 12:00 p.m. (Noon) Eastern Time, Healthcare Realty Trust expects to hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a w ...

Company Overview - Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust (REIT) that specializes in owning and operating medical outpatient buildings primarily located around leading hospital campuses [4] - The company has a portfolio of nearly 700 properties totaling over 40 million square feet, concentrated in 15 growth markets [4] Upcoming Earnings Announcement - The company is expected to report its second quarter results for 2024 on Friday morning, August 2, 2024, before the market opens [3] - A conference call to discuss earnings results, quarterly activities, and industry trends is scheduled for the same day at 12:00 p.m. Eastern Time [1] Investor Relations - Interested parties can access a live webcast of the conference call at www.healthcarerealty.com under the Investor Relations section, with a replay available afterward [1][2] - Contact information for investor relations is provided, including a domestic dial-in number and access codes for the conference call [5][6]

OPERATIONAL MOMENTUM CAPITAL ALLOCATION MOMENTUM About Healthcare Realty NASHVILLE, Tenn., July 08, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today provided a second quarter update on its operational and capital allocation momentum. Steward Health has paid substantially all rent owed for June and July. In the second quarter, Healthcare Realty expects to reserve approximately $3.0 million of unpaid pre-bankruptcy rent, which includes a portion of March, all of April, and the fir ...

Multi-tenant new leases signed totaling 432,000 square feet 1H 2024 multi-tenant occupancy gain of 183,000 square feet, above guidance range Steward Health has paid substantially all rent for June and July Greater than $1 billion in completed or planned asset sales and JV transactions $286 million in shares repurchased to date OPERATIONAL MOMENTUM STEWARD HEALTH As previously disclosed, Healthcare Realty has generated approximately $400 million of proceeds from joint venture (JV) and asset sale transactions ...

Mr. Bohjalian brings over 30 years of real estate and finance experience to Healthcare Realty. Since December 2021, he has been a member of Apartment Income REIT Corporation's Board of Directors, serving on the Audit, Compensation and Human Resources, and Governance and Corporate Responsibility Committees. Mr. Bohjalian is also currently a Senior Real Estate Advisor to BeyondView, which provides interactive visualization software for real estate and other industries. Previously, Mr. Bohjalian spent 20 years ...

Core Insights - Healthcare Realty Trust Incorporated has appointed Thomas N. Bohjalian to its Board of Directors, effective June 25, 2024, and he will also serve on the newly formed Capital Allocation Committee [1][2] - Mr. Bohjalian brings over 30 years of real estate and finance experience, including significant roles in investment management and real estate expertise [3][4] - Healthcare Realty is a leading real estate investment trust (REIT) specializing in medical outpatient buildings, with a portfolio of nearly 700 properties totaling over 40 million square feet [5] Company Overview - Healthcare Realty Trust is focused on owning and operating medical outpatient buildings primarily located around market-leading hospital campuses [5] - The company selectively grows its portfolio through property acquisition and development, being the first and largest REIT to specialize in this sector [5] Leadership and Expertise - The appointment of Mr. Bohjalian is expected to enhance the company's capital allocation expertise and strengthen its operational momentum and financial performance [2][4] - Mr. Bohjalian has a strong track record in managing real estate investment funds, having previously overseen investment decisions for $40 billion of assets at Cohen & Steers [3][4]

$227 million of proceeds from contributions to KKR JV Repurchased shares totaling over $175 million NASHVILLE, Tenn., June 03, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) announced in early May that it had entered into a strategic joint venture with KKR ("KKR JV") to own and invest in quality medical outpatient buildings. To date, the Company has contributed 10 properties to the KKR JV that have generated $227 million of proceeds. The Company expects to contribute additional prop ...

$227 million of proceeds from contributions to KKR JV Repurchased shares totaling over $175 million NASHVILLE, Tenn., June 03, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) announced in early May that it had entered into a strategic joint venture with KKR ("KKR JV") to own and invest in quality medical outpatient buildings. To date, the Company has contributed 10 properties to the KKR JV that have generated $227 million of proceeds. The Company expects to contribute additional prop ...

Core Viewpoint - H&R Real Estate Investment Trust is undergoing a strategic repositioning to reduce its retail and office property exposure while focusing on residential and industrial segments, showing progress in its financial performance despite some challenges in the office sector [3][4][10]. Property Portfolio - H&R owns a total of 382 investment properties across approximately 27 million square feet, including retail, industrial, residential, and office properties in Canada and the United States [1][2]. - The breakdown of properties includes 270 retail, 68 industrial, 20 office, and 24 residential properties [2]. Financial Performance - For Q1 2024, H&R reported a total rental income of CAD 209.5 million, down from CAD 218.3 million in Q1 2023 [14]. - The net operating income (NOI) for the same period was CAD 94.2 million, compared to CAD 97.3 million in the previous year [14]. - Same-property NOI increased by 1.4% year-over-year, reaching CAD 128.3 million [14]. - The overall occupancy rate decreased to 96.3% from 97.0% year-over-year, with a notable drop in the office segment occupancy by almost 4% [10][11]. Strategic Initiatives - H&R has been actively selling off properties, including a significant sale of an office property for CAD 232.5 million and several smaller transactions totaling approximately CAD 29.5 million [20][21]. - The company has created a new residential development trust, Lantower Residential, to fund and develop residential projects in Florida, raising USD 52 million in equity capital [33]. Market Position and Outlook - H&R is perceived to be undervalued compared to its peers, trading at a significant discount to its IFRS NAV, which is currently CAD 21.05 per unit [16][30]. - The REIT's diversification into residential and industrial properties is expected to enhance its stability and growth potential moving forward [28][33].