Core Viewpoint - Healthcare Realty Trust Incorporated has reduced its Board of Directors from 12 to 7 members to align with best practices in corporate governance within the REIT industry [1][3]. Board Changes - Five directors, Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, and Christann Vasquez, voluntarily retired from the Board effective June 18, 2025 [2]. - The Board now consists of seven directors, including independent chairman Thomas Bohjalian, President and CEO Peter Scott, and independent directors David Henry, Jay Leupp, Constance Moore, Glenn Rufrano, and Donald Wood [3]. Management Statements - Thomas Bohjalian expressed gratitude towards the retiring directors for their service and contributions, emphasizing the importance of their insights [3]. - Peter Scott highlighted the commitment to enhancing relationships with stakeholders and fostering a winning mentality at Healthcare Realty, supported by a high-quality portfolio and strong industry fundamentals [3]. Company Overview - Healthcare Realty is a real estate investment trust (REIT) specializing in medical outpatient buildings, with a portfolio of over 640 properties totaling over 38 million square feet across 15 growth markets [4].

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]