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]

Portfolio Highlights - The company's real estate investments, at cost, totaled $470.8 million[8] - The portfolio consists of 6 properties with a total square footage of 1 million[8] - The portfolio's occupancy rate is 80.8%[4, 8] with a weighted-average remaining lease term of 6.3 years[4, 8] - Annualized Straight-Line Rent (SLR) for the portfolio is $45.4 million[8] - 77% of the top 10 tenants are Investment Grade rated[3, 4, 9] Strategic Dispositions and Leasing - The company completed the sale of 9 Times Square for $63.5 million during Q4'24[4, 7, 24] and generated net proceeds of approximately $13.5 million[7, 24] - The company completed five new leases in 2024 totaling 37,407 SF and $2.0 million of SLR[4, 23, 24] Capital Structure - The company has a 100% fixed-debt capital structure with a weighted-average debt maturity of 3.6 years at a 4.4% weighted-average interest rate[4, 27, 31, 33] - Total debt is $350 million[27, 34] and Net Leverage is 56.9%[27, 31, 32, 33] - There are no debt maturities in 2025[4, 28, 31, 33] Financial Results - Revenue from tenants was $14.9 million in Q4'24[27] - Cash NOI was $6.4 million in Q4'24, up approximately 2% year-over-year from $6.3 million in Q4'23[27, 31]