NYSE$HR

Healthcare Realty Trust Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced first quarter 2020 earnings, provided an update on business operations stemming from the impacts of the ongoing coronavirus (COVID-19) pandemic, and removed its 2020 earnings guidance.

Healthcare Trust of America, Inc. reported its first quarter 2020 results. Net income attributable to common stockholders was $17.9 million, or $0.08 per diluted share. Normalized FFO was $93.6 million, or $0.42 per diluted share, an increase of $0.02, or 5.0%, per diluted share, compared to 2019. Same-Property Cash Net Operating Income increased $3.0 million, or 2.7%, to $115.4 million, compared to Q1 2019.

  • Net income Attributable to Common Stockholders was $17.9 million, or $0.08 per diluted share, an increase of $0.02 per diluted share, compared to 2019.
  • Funds From Operations (“FFO”), as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), was $93.1 million, or $0.42 per diluted share, for Q1 2020.
  • Same-Property Cash Net Operating Income (“NOI”) increased $3.0 million, or 2.7%, to $115.4 million, compared to Q1 2019.
  • HTA's portfolio had a leased rate of 90.8% by gross leasable area (“GLA”) and an occupancy rate of 89.9% by GLA for Q1 2020.

Headline financials

Total Revenue

$186M

Previous: $169M+9.9%
EPS (adj)

$0.41

Previous: $0.39+5.1%
Capital Expenditures

-$53.4M

Previous: -$20.6M-159.3%
Free Cash Flow

-$35.5M

Previous: -$7.17M-396.0%
Net Income

$17.9M

Previous: $13.4M+33.2%
Operating Income

$39.7M

Previous: $36.7M+8.2%
Gross Profit

$129M

Previous: $117M+9.7%
Cash & Equivalents

$217M

Previous: $61.1M+254.5%
Total Assets

$6.82B

Previous: $6.24B+9.3%
Stock-Based Comp

$3.2M

Previous: $3.39M-5.5%

Revenue & EPS history

Healthcare Realty · Revenue · Quarterly

$186M

Q1 2020+9.9%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Healthcare Realty · $245K total across 1 segment · Q1 2020

  • Interest Income
    $245K

Forward guidance

Given the current environment, we are formally withdrawing our earnings guidance for 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.2%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+5.8%

Q3 2022

Best reaction

-10.1%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%+8.2%+6.6%
Q4 2025+2.7%+3.1%+2.8%
Q3 2025-0.6%+1.0%+2.6%
Q1 2025-4.4%-4.3%-8.7%
Q4 2024-1.3%-1.0%-2.2%
Q3 2024-5.3%-5.1%+1.0%
Q2 2024-0.3%+0.8%+1.7%
Q1 2024+2.1%+2.5%+10.2%
Q4 2023-10.1%-8.8%-17.8%
Q3 2023+1.1%-1.1%+5.1%
Q2 2023-6.0%-8.5%-15.3%
Q1 2023-1.5%+0.6%-1.4%
Q4 2022+0.7%-4.0%-5.9%
Q3 2022+5.8%+0.4%+0.6%
Q2 2022+3.6%+3.9%-4.0%
Q1 2022-0.2%-2.4%-9.8%
Q4 2021-8.8%-4.5%-5.2%
Q3 2021+1.2%+1.8%-0.9%
Q2 2021-2.6%-0.5%-2.3%
Q1 2021+2.5%+0.8%-1.4%
Q4 2020+0.4%+0.7%-0.3%
Q3 2020+4.6%+7.3%+3.8%
Q2 2020+1.6%-1.6%+2.8%
Q1 2020+4.0%+9.2%+10.0%
Q4 2019+1.2%+1.8%-6.3%
Q3 2019-6.6%-7.4%-4.6%
Q2 2019-1.1%-0.6%+2.2%
Q1 2019-0.4%+0.3%+4.4%
Q4 2018+2.0%+2.7%+0.4%
Q3 2018-1.3%+2.5%+11.3%
Q2 2018+2.7%+4.1%+4.0%
Q1 2018+1.8%+1.2%+0.4%
Q4 2017-2.1%-0.8%-1.5%
Q3 2017+0.4%+1.3%+2.9%
Q2 2017+0.3%-0.3%+0.5%
Q1 2017-1.5%+1.0%+7.3%
Q4 2016+2.7%+2.8%+3.4%
Q3 2016-3.6%-1.4%-5.5%
Q2 2016+0.3%-0.6%-0.5%
Q1 2016+0.6%
Q4 2015-1.4%
Q3 2015-0.7%
Q2 2015-0.2%
Q1 2015+0.0%
Q4 2014+2.0%
Q3 2014-0.3%
Q2 2014-1.2%
Q1 2014-1.6%
Q4 2013+1.1%
Q3 2013-2.5%
Q2 2013-3.9%
Q1 2013+0.7%
Q4 2012-1.8%
Q3 2012-2.5%
Q2 2012-0.9%
Q1 2012-4.0%
Q1 2011-4.0%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2011-2.9%
Q4 2010+3.4%
Q2 2011+3.4%
Q3 2010-6.4%
Q2 2010-0.9%
Q1 2010-6.7%

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