Record New Lease Commitments
Healthcare Realty Trust Incorporated achieved new lease commitments of nearly 600,000 square feet in the fourth quarter and 2 million square feet for the year, both all-time records.
Occupancy and Operational Efficiency Improvements
The company delivered 149 basis points of occupancy absorption, exceeding their projection of 100 points. They also reduced controllable operating expenses by 100 basis points.
Debt Reduction and Share Repurchase
Healthcare Realty Trust Incorporated repurchased 31 million shares and repaid $350 million of debt, ending the year with a leverage of 6.4 times, below the forecasted 6.5 times.
Strong Same-Store Cash NOI Growth
Same-store cash NOI growth was 3.1% for the fourth quarter and 2.9% for the year, with expectations for continued growth in 2025.