NYSE$HR

Healthcare Realty Trust Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced results for the second quarter of 2020 and provided an update on business operations stemming from the impacts of the ongoing coronavirus pandemic.

Healthcare Trust of America, Inc. reported its second-quarter 2020 earnings, showing a net income of $13.5 million, or $0.06 per diluted share. Normalized FFO was $93.0 million, or $0.42 per diluted share. The company collected or deferred approximately 98% of total monthly rents, with cash collections totaling approximately 95% of monthly rents.

  • Net Income Attributable to Common Stockholders was $13.5 million, or $0.06 per diluted share for Q2 2020.
  • Funds From Operations was $87.8 million, or $0.40 per diluted share, for Q2 2020.
  • Normalized FFO was $93.0 million, or $0.42 per diluted share, for Q2 2020.
  • The portfolio had a leased rate of 90.4% and an occupancy rate of 89.7% for Q2 2020.

Headline financials

Total Revenue

$179M

Previous: $172M+4.1%
EPS (adj)

$0.42

Previous: $0.40+5.0%
Tenant Retention

89.0%

No prior period
Capital Expenditures

-$71.7M

Previous: -$98.5M+27.2%
Free Cash Flow

-$58.2M

Previous: -$82.2M+29.2%
Net Income

$13.5M

Previous: $16.3M-17.0%
Operating Income

$37.6M

Previous: $40.3M-6.8%
Gross Profit

$123M

Previous: $119M+3.2%
Cash & Equivalents

$75.2M

Previous: $23.2M+224.2%
Total Assets

$6.64B

Previous: $6.24B+6.5%
Stock-Based Comp

$2.1M

Previous: $2.1M-0.1%

Revenue & EPS history

Healthcare Realty · Revenue · Quarterly

$179M

Q2 2020+4.1%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Healthcare Realty · $179M total across 2 segments · Q2 2020

  • Rental Income
    $179M+4.1%
  • Interest Income
    $175K+18.2%

Forward guidance

The company has uncertainty around acquisitions, capital structure, and the accounting implications of deferral requests which could continue to significantly impact financials for the remainder of 2020.

Headwinds

  • Acquisitions
  • Capital structure
  • Accounting implications of deferral requests
  • Estimates of and the corresponding financial statement impact for bad debt under the new market environment may continue to fluctuate
  • May be material, to the extent any rents are not determined to be probable for collection

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 Q2 2020

Historical avgQ2 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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