Healthcare Tr Amer Inc Stock Price, News & Analysis

Healthcare Realty Trust (NYSE:HR) has scheduled its fourth quarter 2024 earnings release for Wednesday, February 19, 2025, before market opening. The company will host a conference call and simultaneous webcast at 11:00 a.m. Eastern Time on the same day to discuss earnings results, quarterly activities, general operations, and industry trends.

The company, which specializes in medical outpatient buildings, maintains a portfolio of approximately 650 properties totaling 38.4 million square feet across 15 growth markets. As the first and largest REIT in its specialized sector, Healthcare Realty primarily focuses on properties located around market-leading hospital campuses, growing through strategic property acquisition and development.

Healthcare Realty Trust (NYSE:HR) announced key leadership appointments. Austen Helfrich, who served as Interim CFO since October 1, 2024, has been named permanent Executive Vice President and CFO. Andrew Loope will be promoted to Executive Vice President, General Counsel, and Secretary, succeeding John Bryant effective January 1, 2025. Bryant will transition to Senior Vice President, Legal Affairs.

Helfrich, who joined the company in 2019, has been important in developing joint ventures with Nuveen, CBRE Investment Management, and KKR. Loope has been with the company since 2008, joining from Waller Lansden law firm. Healthcare Realty owns and operates nearly 675 medical outpatient buildings totaling approximately 40 million square feet across 15 growth markets.

Healthcare Realty Trust (NYSE:HR) announced significant changes to its Board of Directors. Tom Bohjalian has been elected as Independent Chair, while three new independent directors - David Henry, Glenn Rufrano, and Don Wood - have been appointed to the Board in connection with a cooperation agreement with Starboard Value LP.

Mr. Henry and Mr. Rufrano will join the committee overseeing the president and CEO search, with Rufrano serving as committee Chair. Ferguson Partners has been engaged to assist in the search process. As part of these changes, John Knox Singleton, John V. Abbott, and Vicki U. Booth have retired from the Board.

The agreement with Starboard includes a customary standstill and voting agreement extending until the Company's 2026 Annual Meeting of Stockholders.

Healthcare Realty Trust (NYSE: HR) announced immediate leadership changes with Todd Meredith stepping down as President, CEO, and board member. The board appointed Constance 'Connie' Moore, current board member and former President and CEO of BRE Properties, as interim President and CEO. The company plans to engage an executive search firm to identify a permanent successor. The board has also reduced its size from 12 to 11 members. Healthcare Realty owns and operates nearly 675 medical outpatient buildings totaling approximately 40 million square feet across 15 growth markets.

Healthcare Realty Trust reported Q3 2024 results with a net loss of $(93.0) million, or $(0.26) per share. Key highlights include Normalized FFO per share of $0.39, up 1.2% year-over-year. The company secured $875 million from joint venture and asset sales through October, with $447 million in share repurchases. Multi-tenant absorption reached 159,000 square feet, with occupancy at 86.5%. Same Store cash NOI increased 3.1% year-over-year, with tenant retention at 80.5%. The company maintained its quarterly dividend at $0.31 per share and updated its 2024 Normalized FFO guidance to $1.55-$1.56 per share.

Healthcare Realty Trust (NYSE:HR) has declared a quarterly cash dividend of $0.31 per share, payable on November 27, 2024, to Class A common stockholders of record on November 12, 2024. The company's operating partnership unit holders will receive an equivalent distribution of $0.31 per unit. Healthcare Realty operates as a REIT specializing in medical outpatient buildings, with a portfolio of over 650 properties spanning nearly 40 million square feet across 15 growth markets.

Healthcare Realty Trust Incorporated (NYSE:HR) has announced its schedule for reporting third quarter 2024 earnings. The company plans to release results on Wednesday, October 30, 2024, before the market opens. A conference call to discuss earnings, quarterly activities, and industry trends is scheduled for the same day at 11:00 a.m. Eastern Time.

A simultaneous webcast of the conference call will be available on the company's website under the Investor Relations section. The press release provides details for domestic and international dial-in numbers, as well as replay information. Healthcare Realty Trust is a real estate investment trust (REIT) specializing in medical outpatient buildings, with a portfolio of nearly 675 properties totaling approximately 40 million square feet across 15 growth markets.

Healthcare Realty Trust (NYSE:HR) has expanded its joint venture (JV) with Nuveen Real Estate, contributing eight properties worth $193 million to a new 80/20 JV. This brings the total value of JVs with Nuveen to over $600 million. Year-to-date, HR has completed over $800 million in JV and asset sales transactions, generating approximately $700 million in proceeds at an average cap rate of 6.6%.

The company expects additional asset sales and JV transactions to increase total proceeds to over $1 billion. These funds will be used for accretive, leverage neutral share repurchases and existing capital commitments. The expansion demonstrates HR's progress towards its goal of generating more than $1 billion in capital and highlights the value of its national operating platform in the outpatient medical real estate sector.