NYSE$HR

Healthcare Realty Trust Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Healthcare Realty reported a net loss for the third quarter of 2023, but normalized FFO per share remained consistent with the previous quarter. The company focused on leasing activity and asset sales to manage leverage and improve portfolio performance.

Healthcare Realty Trust reported a net loss attributable to common stockholders of $67.8 million, or $0.18 per diluted common share, for the quarter ended September 30, 2023. Normalized FFO for the three months ended September 30, 2023 totaled $148.1 million, or $0.39 per diluted common share. Merger combined total same store cash NOI for the third quarter increased 2.3% over the prior year.

  • Normalized FFO per share totaled $0.39.
  • Merger combined total same store cash NOI for the third quarter increased 2.3% over the prior year.
  • Average occupancy increased 20 basis points to 89.2%.
  • The company executed new leases totaling 447,000 square feet in the quarter that will commence in future periods, an increase of 19% over the second quarter and 86% over the first quarter.

Headline financials

Total Revenue

$342M

Previous: $306M+11.7%
EPS (adj)

$0.39

Previous: $0.39+0.0%
Capital Expenditures

-$79.4M

Previous: -$394M+79.9%
Free Cash Flow

-$147M

Previous: -$366M+59.8%
Net Income

-$67.8M

Previous: $28.3M-339.7%
Operating Income

-$42.7M

Previous: $19M-324.3%
Gross Profit

$211M

Previous: $194M+8.6%
Cash & Equivalents

$24.7M

Previous: $57.6M-57.2%
Total Assets

$13.1B

Previous: $14.2B-7.7%
Stock-Based Comp

$2.55M

Previous: $9.72M-73.7%

Revenue & EPS history

Healthcare Realty · Revenue · Quarterly

$342M

Q3 2023+11.7%vs Q3 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

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

  • Interest Income
    $4.26M+26.7%

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 2023

Historical avgQ3 2023

-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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