NYSE$HR

Healthcare Realty Trust Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported record earnings driven by strong leasing activity and efficient capital management.

Healthcare Trust of America reported a net loss of $0.03 per diluted share, including a $0.12 impact from debt extinguishment costs. Normalized FFO reached a record $0.43 per diluted share, and Normalized FAD was $82.4 million, also a record. The company raised its quarterly dividend for the 7th consecutive year and signed 1.1 million square feet of leases.

  • Net loss attributable to common stockholders was $0.03 per diluted share, including a $0.12 impact from debt extinguishment costs.
  • Normalized FFO reached a record $0.43 per diluted share.
  • Normalized FAD was a record $82.4 million.
  • Signed 1.1 million square feet of leases with renewal releasing spreads of 7.4% and same property tenant retention of 89%.

Headline financials

Total Revenue

$187M

Previous: $175M+7.0%
EPS (adj)

$0.41

Previous: $0.40+2.5%
Capital Expenditures

-$102M

Previous: -$237M+57.0%
Free Cash Flow

-$109M

Previous: -$246M+55.7%
Net Income

-$6.83M

Previous: -$8.46M+19.3%
Operating Income

$43.5M

Previous: $37.6M+15.8%
Gross Profit

$130M

Previous: $121M+7.3%
Cash & Equivalents

$227M

Previous: $12.7M+1681.8%
Total Assets

$6.77B

Previous: $6.32B+7.1%
Stock-Based Comp

$1.83M

Previous: $2.34M-21.6%

Revenue & EPS history

Healthcare Realty · Revenue · Quarterly

$187M

Q3 2020+7%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Healthcare Realty · $4.26M total across 1 segment · Q3 2023

  • Interest Income
    $4.26M+26.7%

Forward guidance

The company anticipates transacting on accretive investments in Q4 2020 and into 2021, utilizing capital already raised.

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 Q3 2020

Historical avgQ3 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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