From Globe Newswire:

Healthcare Realty Trust Inc. reported a net loss of $40.5 million or $(0.11) per diluted common share for Q3 2024. Normalized FFO for the same period was $150.7 million or $0.39 per diluted common share. The Company began reporting combined same store results in the third quarter of 2022, Merger Combined Same Store cash NOI for the fourth quarter increased 2.7% from the previous year.

The Company reported 78.2% tenant retention and multi-tenant occupancy improvement of 53 basis points in Q4 2023. Portfolio leasing activity totaled 1,224,000 square feet in the same period, while dispositions in 2023 totaled 36 properties for $656 million.

The Company executed interest rate swaps totaling $275 million during Q4 2023. Dividends of $0.31 per share were paid in November 2023, with plans to pay $0.31 per share on March 14, 2024.

The annual guidance for 2024 indicates expected earnings per share of $(0.12) to $(0.11) and NAREIT FFO per share of $0.35 to $0.36. The webcast of the earnings call is scheduled for February 16th, 2024 at 11:00 a.m. Eastern Time.



Read more: Healthcare Realty Trust Reports Results for the Fourth