Healthcare Realty Q1 2023 Earnings Report
Key Takeaways
Healthcare Realty Trust reported a net loss attributable to common stockholders of $87.1 million, or $0.23 per diluted common share, for the quarter ended March 31, 2023. Normalized FFO for the three months ended March 31, 2023 totaled $152.8 million, or $0.40 per diluted common share. Same store cash NOI, including the Company's share of joint ventures, for the first quarter increased 2.8% over the prior year.
Normalized FFO per share totaled $0.40.
Same store cash NOI, including the Company's share of joint ventures, for the first quarter increased 2.8% over the prior year.
Tenant retention of 82.3%.
Year-over-year absorption of 150,000 square feet resulted in an average occupancy increase of 50 basis points, to 89.0%.
Healthcare Realty
Healthcare Realty
Healthcare Realty Revenue by Segment
Forward Guidance
Leverage is expected to decline from additional asset sales and underlying portfolio NOI growth.The Company expects to generate in excess of $100 million in proceeds over the next twelve months from the repayment of the loan and the sale of the skilled nursing facilities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income