Healthcare Tr Amer Inc Stock Price, News & Analysis

Healthcare Realty Trust (NYSE: HR) will share its fourth-quarter 2020 results on February 10, 2021, after market close. A conference call is set for February 11, 2021, at 10:00 a.m. Central Time to discuss earnings and company operations. The company owns 211 properties across 24 states, totaling 15.5 million square feet, with a valuation of approximately $5.5 billion. The firm provides property management services for 11.9 million square feet nationwide. Forward-looking statements regarding risks are included in their SEC filings.

Healthcare Realty Trust (NYSE:HR) has released its second annual Corporate Responsibility Report detailing its Environmental, Social, and Governance (ESG) initiatives. The report establishes initial Key Performance Indicators (KPIs) aligned with U.N. Sustainable Development Goals. The company also announced the expansion of Carla Baca's role to lead Corporate Responsibility initiatives, in addition to her current investor relations responsibilities. As of September 30, 2020, Healthcare Realty owned 211 properties totaling 15.5 million square feet, valued at approximately $5.5 billion.

Healthcare Realty Trust (NYSE:HR) has announced a joint venture with Teachers Insurance and Annuity Association (TIAA) to invest in medical office buildings, enhancing its investment volume and earnings growth potential. The company holds a 50% interest in the venture, aiming to purchase around $200 million in properties annually without significant property-level debt. The first property acquired was a $16.6 million building in Minneapolis at a 5.1% cap rate. As of September 30, 2020, Healthcare Realty managed properties valued at approximately $5.5 billion.

Healthcare Realty Trust (NYSE:HR) reported a net income of $8.2 million or $0.06 per diluted share for Q3 2020, while normalized FFO reached $54.8 million, equivalent to $0.41 per share. Key metrics show a 2.4% increase in same-store cash NOI year-over-year and a tenant retention rate of 85.1%. The Company acquired seven medical office buildings for $117.1 million and plans to purchase 12 additional properties for $276 million. A quarterly dividend of $0.30 was declared, representing 88.1% of FAD. As of September 30, 2020, HR's total owned real estate was valued at approximately $5.5 billion.

Healthcare Realty Trust (NYSE:HR) declared a quarterly cash dividend of $0.30 per share, payable on December 1, 2020, to shareholders on record as of November 16, 2020. The company, which focuses on real estate for outpatient healthcare, owned 210 properties across 24 states as of June 30, 2020, totaling 15.5 million square feet and valued at approximately $5.5 billion.

Healthcare Realty Trust (NYSE:HR) will report its third-quarter 2020 results on November 4, 2020, after market close. A conference call is scheduled for November 5, 2020, at 10:00 a.m. Central Time to discuss earnings, quarterly activities, and operations. The Company specializes in owning and managing real estate properties for outpatient healthcare services, owning 210 properties totaling 15.5 million square feet, valued at approximately $5.5 billion as of June 30, 2020.

Healthcare Realty Trust (NYSE: HR) announced plans to redeem all outstanding 3.75% Senior Notes due 2023, totaling $270.5 million. The redemption will be funded through proceeds from a new issuance of 2.05% Senior Notes due 2031, expected to close on October 2, 2020. The company anticipates a charge of approximately $21.5 million related to this early extinguishment, which includes $1.1 million in unamortized costs. The redemption is set for October 18, 2020, at which point the Notes will cease to accrue interest.

Healthcare Realty Trust (NYSE: HR) announced the offering of $300 million in 2.05% senior unsecured notes due March 2031, priced at 99.189% to yield 2.137% at maturity. The estimated net proceeds of $294.8 million will be used to redeem existing 3.75% senior notes due 2023 and for other corporate purposes, including debt repayment. The offering is subject to customary closing conditions and is expected to close on October 2, 2020. The company manages a portfolio of 210 properties valued at approximately $5.5 billion.

Healthcare Realty Trust (NYSE:HR) announced its Q2 2020 results, reporting a net income of $75.5 million or $0.56 per diluted share. The normalized FFO was $56.3 million, equating to $0.42 per diluted share, a 5.0% increase year-over-year. The company collected 99% of its rent, with 2% deferred and repayment scheduled by year-end. They acquired four medical office buildings for $83.2 million and sold two properties for $244.5 million. A dividend of $0.30 per share was declared, with dividends paid at 71.9% of normalized FFO.