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GlobeNewswire·

Healthcare Realty Reports First Quarter 2026 Results and Increases Full Year 2026 Guidance

HR
  • Healthcare Realty Trust reported first-quarter 2026 GAAP net loss of $0.00 per share, NAREIT FFO of $0.35 per share, Normalized FFO of $0.41 per share, & FAD of $112.9 million (75% payout ratio).
  • The company increased its 2026 Normalized FFO guidance range to $1.59-$1.65 per share & raised Same Store Cash NOI growth guidance to 3.75%-4.75%.
  • First-quarter Same Store Cash NOI grew 6.9% with 93.5% tenant retention & cash leasing spreads of +4.2%.
  • Total lease executions reached 2.0 million square feet, including 286,000 square feet of new leases across major markets like Atlanta, Charlotte, Charleston, & Albany.
  • Transaction activity totaled approximately $125 million, featuring an $89 million acquisition in Birmingham, AL via a KKR joint venture & $33 million in dispositions.
  • The company repurchased 5.7 million common shares for $100 million at an average price of $17.38 per share.
  • Net Debt to Adjusted EBITDA stood at 5.5x, with approximately $1.2 billion in liquidity available on the revolving facility.
  • The company secured $400 million in commitments for a new unsecured delayed draw term loan expected to close in May 2026.
  • Longtime director Jay Leupp announced retirement following the Annual Meeting on May 19, 2026, as part of Board refreshment initiatives.
  • The Board approved a $0.24 per share common stock dividend to be paid on May 22, 2026, to shareholders of record on May 11, 2026.
  • Development & redevelopment activities included completing a $35 million project in Charlotte, NC, & commencing a $25 million project in Boston, MA.
  • The company established a $600 million commercial paper program in February 2026, with $251 million outstanding at a 4.2% weighted average interest rate.
  • An earnings conference call is scheduled for May 1, 2026, at 9:00 a.m. Eastern Time, with webcast & dial-in details provided for investors.