Core Viewpoint - Healthcare Realty (HR) has shown strong operational metrics in Q1 2024, but the financial situation remains concerning due to high debt levels and unsustainable dividend coverage [3][4][15]. Financial Performance - Total multi-tenant NOI grew by 2.8%, exceeding the overall growth rate for 2023 by approximately 50 basis points [5]. - FFO per share reached $0.39, aligning with the upper end of the previously issued guidance for 2024 [6]. - The company reported a net loss attributable to common stockholders of $310.8 million in Q1 2024, translating to a loss per diluted share of $0.82 [12]. Dividend and Cash Flow - The quarterly dividend exceeds the FAD generation, necessitating HR to utilize its equity or asset base to fund the existing dividend [6][11]. - FAD for Q1 2024 was $104.5 million, while quarterly dividends and OP distributions amounted to $119.5 million, indicating a shortfall [12]. Debt and Liquidity - Net debt to EBITDA stands at 6.4x, which is considered high [6]. - HR has entered a strategic joint venture with KKR, allowing access to $300 million in fresh liquidity, with plans to capture an additional $300 million in the next 90 days [8][15]. - Upcoming debt maturities in 2025 and 2026 total approximately $1.9 billion, posing refinancing risks [14]. Asset Management and Share Buybacks - HR has monetized several medical office buildings (MOBs) at a cap rate of 6.5%, which reflects the quality of its portfolio [15][16]. - The company has initiated a $500 million share repurchase program, with $42 million already spent to buy back 3 million shares at an average price of just over $14 per share [9][16]. - The strategy of using proceeds from asset sales for share buybacks raises concerns about the sustainability of dividend coverage and future cash flows [10][16].

Healthcare Realty Trust (HR) reported $326.81 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.8%. EPS of $0.39 for the same period compares to -$0.23 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $331.43 million, representing a surprise of -1.40%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

1Q2024 Supplemental Information FURNISHED AS OF MAY 7, 2024 - 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 such ...

_______________ FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Maryland 20-4738467 (State or other jurisdiction of Incorporation or organization) (I.R.S. Employer Identification No.) 3310 West End Avenue, Suite 700 Nashville, Tennessee 37203 (Address of principal executive offices) (615) 269-8175 (Registrant's telephone number, including area code) www.healthcarerealty.com (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Wall Street analysts expect Healthcare Realty Trust (HR) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year decline of 5%. Revenues are expected to be $331.43 million, down 0.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's e ...

Contributes seed portfolio valued at $383 million to the JV, resulting in proceeds of approximately $300 million Additional KKR capital commitment of up to $600 million to increase the potential value of the JV to more than $1 billion NASHVILLE, Tenn., May 06, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced that it has entered into a strategic joint venture (JV) relationship with KKR to jointly own and invest in quality medical outpatient buildings. Healthcare Realty ...

tuan_azizi/iStock via Getty Images It’s been a while since I’ve written about high-yielding real estate investment trusts, or REITs, that still look good. I had to go all the way back to December 16, 2022, to find a matching headline. It made me consider how far we’ve come since then. And how far we haven’t. Two days before I published “3 REIT Stocking Stuffers Yielding 8%,” the markets were abuzz with the latest from the Federal Reserve. Reuters, for instance, wrote how it would: “… deliver more int ...

JillLang I've been buying Healthcare Realty Trust (NYSE:HR) in recent weeks as REITs pulled back in response to sticky inflation numbers and comments from the Fed that they're willing to keep base interest rates higher for longer. HR is an internally managed medical office building ("MOB") REIT with a 688-property portfolio at the end of its fiscal 2023 fourth quarter. This is spread across 40.3 million square feet and 35 states. HR focuses on Class A MOBs concentrated in medical clusters of fast-growing Su ...

NASHVILLE, Tenn., April 17, 2024 (GLOBE NEWSWIRE) --  Healthcare Realty Trust Incorporated (NYSE:HR) today announced that it expects to report results for the first quarter of 2024 on Tuesday morning, May 7, 2024, before the market opens. On Tuesday, May 7, 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 webcast of the conference call ...

NASHVILLE, Tenn., April 17, 2024 (GLOBE NEWSWIRE) --  Healthcare Realty Trust Incorporated (NYSE:HR) today announced that it expects to report results for the first quarter of 2024 on Tuesday morning, May 7, 2024, before the market opens. On Tuesday, May 7, 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 webcast of the conference call ...