Healthcare Realty Trust Incorporated reported positive results for Q4 2025 and introduced guidance for 2026. Highlights include a GAAP Net Income of $0.04 per share, Normalized FFO of $0.40 per share, and FAD of $113.9 million for Q4. Full year 2025 saw a GAAP Net Loss of $0.71 per share, Normalized FFO of $1.61 per share, and FAD of $448.3 million. The company completed significant asset sales and reduced debt in 2025. Leadership changes were also made to position the company for growth.

Leasing activity in Q4 included significant renewals and new leases across markets like Memphis, Austin, Hartford, and Charlotte. The company executed 292 leases for 1.5 million square feet with an average lease term of 6.2 years. Key highlights included renewals with health system partners and new leases with leading healthcare providers.

Capital allocation involved successful asset dispositions totaling $682 million in Q4, including strategic market exits and opportunistic sales in various locations like Phoenix, Atlanta, and Jacksonville. The company also advanced redevelopment projects in Houston and Denver to modernize properties and attract new tenants.

The company’s balance sheet showed a reduction in Net Debt to Adjusted EBITDA to 5.4x at year-end. Liquidity stood at approximately $1.4 billion, with $542 million of term loans fully repaid in Q4. In January 2026, the company repurchased shares and established a commercial paper program to diversify financing options.

A dividend of $0.24 per share was approved for payment on March 11, 2026. The company also provided guidance for 2026, with estimated ranges for Earnings per share, NAREIT FFO per share, and Normalized FFO per share. The guidance reflects current market conditions and key assumptions.

An earnings call is scheduled for February 13, 2026, to discuss results, operations, and industry trends. A webcast will be available for interested parties. Healthcare Realty Trust is the largest owner, operator, and developer of medical outpatient buildings in the US. For further details, visit their website or contact Vice President of Investor Relations, Ron Hubbard.

Read more at GlobeNewswire: Healthcare Realty Reports Fourth Quarter 2025 Results