Healthcare Realty Trust Q4 Loss Sharply Widens

(RTTNews) - Healthcare Realty Trust Inc. (HR) reported Wednesday a net loss attributable to common stockholders for the fourth quarter of $106.85 million or $0.31 per share, sharply wider than $40.53 million or $0.11 per share in the prior-year quarter.

Funds from operations or FFO for the quarter was $105.64 million or $0.30 per share, compared to $136.52 million or $0.36 per share in the year-ago quarter. Normalized FFO per share totaled $0.40 for the quarter, compared to $0.39 per share last year.

Total revenues for the quarter declined to $309.77 million from $330.44 million in the same quarter last year.

On average, analysts polled expect the company to report a loss of $0.12 per share on revenues of $303.81 million for the quarter. Analysts' estimates typically exclude special items.

In the fourth quarter, the Company signed new leases totaling 686,000 square feet, a new, single-quarter high for the Company.

Looking ahead to fiscal 2025, the company now projects a loss in the range of $0.28 to $0.20 per share and Normalized FFO in a range of $1.56 to $1.60 per share on same store cash NOI growth of 3.00 to 3.75 percent. The Street is looking for a loss of $0.42 per share for the year.

The company also declared a common stock cash dividend in the amount of $0.31 per share, payable on March 19, 2025 to Class A common stockholders of record on March 3, 2025.

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