Healthcare Tr Amer Inc Stock Price, News & Analysis

Healthcare Trust of America (NYSE: HTA) reported Q1 2022 net income of $0.08 per diluted share and Funds From Operations (FFO) of $0.40 per share. Normalized FFO, adjusted for merger-related costs, was $0.44 per share. The company experienced Same-Property Cash Net Operating Income growth of 0.8%, impacted by increased operating expenses. HTA is undergoing a merger with Healthcare Realty Trust (NYSE: HR), valuing the transaction at $35.08 per share for HTA investors. Quarterly dividends of $0.325 will be paid on July 15, 2022.

Healthcare Trust of America (HTA) has reaffirmed its commitment to its merger agreement with Healthcare Realty Trust (HR) following HR's rejection of an unsolicited acquisition proposal. The merger, unanimously approved by both companies' Boards, aims to create a leading medical office building REIT with significant market presence and operational synergies. Shareholders of HTA will receive an implied value of $35.08 per share, including a special cash dividend of $4.82. The merger is expected to close in Q3 2022, contingent on shareholder approvals.

Healthcare Realty Trust has confirmed an unsolicited acquisition proposal from a REIT, referred to as Party F, to buy all outstanding shares for $31.75 each. The Board unanimously rejected this offer, deeming it inferior to their planned merger with Healthcare Trust of America (HTA). This strategic merger aims to create a leading medical office building REIT, enhancing market scale and operational efficiency. The transaction is anticipated to close in Q3 2022, pending shareholder approval.

Healthcare Realty Trust reported a net income of $42.2 million or $0.28 per diluted share for Q1 2022, with a normalized FFO of $64.8 million or $0.43 per share, representing a 3.6% increase year-over-year. The company acquired nine medical office buildings for $223.2 million, expanding its presence in key markets like Dallas and San Francisco. With a tenant retention rate of 83.5% and portfolio leasing activity totaling 501,000 square feet, Healthcare Realty continues to strengthen its position in the healthcare real estate sector.

Healthcare Realty Trust announced a cash dividend of $0.31 per share, scheduled for payment on May 27, 2022, to stockholders of record as of May 16, 2022.

As of December 31, 2021, the company owned 258 properties across 23 states, totaling 17.9 million square feet, with an enterprise value of approximately $6.6 billion. The firm specializes in managing income-producing real estate tied to outpatient healthcare services.

Healthcare Realty Trust (NYSE: HR) and Healthcare Trust of America (NYSE: HTA) have announced an $18 billion merger, creating a leading medical office building REIT. The companies are in advanced talks for joint ventures and asset sales totaling $1.7 billion, aiming for a 4.8% cap rate. Proceeds of $1.6 billion will support a $1.1 billion special cash dividend to HTA shareholders and fund future growth. The companies have secured commitments for $1.5 billion in credit facilities. Stockholder votes are expected in early July 2022, with the merger closing shortly thereafter.

Healthcare Realty Trust (NYSE:HR) will report first-quarter 2022 results on May 5, 2022, before market opening. A conference call will follow at 11:00 a.m. CT to discuss earnings, operations, and industry trends. As of December 31, 2021, the Trust owned 258 properties across 23 states, totaling 17.9 million square feet, with an enterprise value of approximately $6.6 billion. The firm offers leasing and property management services across 14.3 million square feet. Risks related to forward-looking statements are acknowledged, as detailed in SEC filings.

Healthcare Realty (NYSE: HR) and Healthcare Trust of America (NYSE: HTA) announced a strategic merger aimed at forming a leading pure-play medical office building REIT. HTA shareholders will receive $35.08 per share, including a special cash dividend of $4.82. The merger, creating a combined entity valued at $17.6 billion, will enhance scale, diversify portfolios, and enable significant cost synergies estimated at $33-36 million annually. The leadership team from Healthcare Realty will steer the new organization, which aims for long-term shareholder value through enhanced market presence and operational efficiency.

Healthcare Realty Trust reported a net income of $21.6 million, or $0.14 per diluted share, for Q4 2021. Normalized FFO rose to $64.6 million ($0.44 per share), marking a 5.3% increase year-over-year. The company acquired 19 medical office buildings for $298.2 million, expanding its portfolio significantly. The dividend was increased from $0.3025 to $0.3100 per share, payable on March 15, 2022. As of year-end, Healthcare Realty Trust owned 258 properties totaling 17.9 million square feet with an enterprise value of approximately $6.6 billion.