NASHVILLE, Tenn., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the third quarter ended September30, 2025.
THIRD QUARTER 2025 HIGHLIGHTS
GAAP Net Loss of $(0.17) per share, NAREIT FFO of $0.34 per share, Normalized FFO of $0.41 per share, and FAD of $116.9 million (payout ratio of 73%)Same store cash NOI growth of +5.4% was driven by 90 basis points of occupancy increase and tenant retention of 88.6% with +3.9% cash leasing spreadsIncreased 2025 guidance for Normalized FFO per share to $1.59 - $1.61 and same store cash NOI growth to 4.00% - 4.75%Third quarter lease executions totaled 1.6 million square feet including 441,000 square feet of new lease executionsDuring the third quarter and through October, completed asset sales of $404million through 15 separate transactions YTD sales total $486 million at a blended 6.5% cap rateApproximately $700 million of additional sales are under contract or LOI Run-rate Net Debt to Adjusted EBITDA of 5.8x; anticipated to be between 5.4x and 5.7x by year end
THIRD QUARTER 2025 RESULTS
THREE MONTHS ENDEDSEPTEMBER 30, 2025SEPTEMBER 30, 2024(in thousands, except per share amounts)AMOUNTPER SHAREAMOUNTPER SHAREGAAP Net loss$(57,738)$(0.17)$(93,023)$(0.26)NAREIT FFO, diluted$118,922$0.34$77,288$0.21Normalized FFO, diluted$145,340$0.41$142,049$0.39
LEASING ACTIVITY
During the third quarter, the Company executed 333 new and renewal leases for 1.6 million square feet.