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Healthcare Realty Reports First Quarter 2025 Results and Declares Quarterly Dividend
HRHealthcare Realty Trust rporated(HR) GlobeNewswire·2025-05-01 20:15

Core Points - Healthcare Realty Trust reported a net loss attributable to common stockholders of (44.9)million,or(44.9) million, or (0.13) per diluted common share for Q1 2025 [1][19] - The company declared a quarterly dividend of 0.31pershare,payableonMay23,2025[3]Thecompanyreaffirmeditsearningspershareguidancefor2025,witharangeof0.31 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]LeasingPortfolioleasingactivityinQ12025totaled1,450,000squarefeetacross377leases,including1,002,000squarefeetofrenewalsand448,000squarefeetofnewandexpansionleases[5]Thecompanysignednewleasestotaling370,000squarefeetinthefirstquarter[5]SameStoreMetricsSamestoreoccupancyincreasedto89.3(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 10.7billioninQ42024[14][15]Totalliabilitiesremainedrelativelystableat10.7 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(0.28) to (0.20) and NAREIT FFO per share between 1.44and1.44 and 1.48 [4]