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Healthcare Realty Trust ( (HR) ) has issued an update.
Healthcare Realty Trust reported a net loss of $106.8 million for the fourth quarter ending December 31, 2024, and declared a quarterly dividend of $0.31 per share. Despite the loss, the company achieved a normalized FFO per share of $0.40, at the high end of its guidance range, and experienced growth in leasing activities with a record 686,000 square feet of new leases. Furthermore, the company undertook significant capital allocation efforts, closing $522 million in joint ventures and asset sales, and reducing its leverage by repaying a $350 million term loan. Leadership changes were also announced, with Connie Moore appointed as Interim President & CEO, and a search is underway for a permanent leader.
More about Healthcare Realty Trust
Healthcare Realty Trust is a real estate investment trust (REIT) that focuses on owning and managing properties associated with the healthcare industry, including medical office buildings. The company’s primary service is providing real estate solutions for healthcare providers, positioning itself as a key player in the intersection of real estate and healthcare.
YTD Price Performance: 0.12%
Average Trading Volume: 2,758,018
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.84B
For an in-depth examination of HR stock, go to TipRanks’ Stock Analysis page.
