Sep 30, 2020

Healthcare Realty Q3 2020 Earnings Report

Reported record earnings driven by strong leasing activity and efficient capital management.

Key Takeaways

Healthcare Trust of America reported a net loss of $0.03 per diluted share, including a $0.12 impact from debt extinguishment costs. Normalized FFO reached a record $0.43 per diluted share, and Normalized FAD was $82.4 million, also a record. The company raised its quarterly dividend for the 7th consecutive year and signed 1.1 million square feet of leases.

Net loss attributable to common stockholders was $0.03 per diluted share, including a $0.12 impact from debt extinguishment costs.

Normalized FFO reached a record $0.43 per diluted share.

Normalized FAD was a record $82.4 million.

Signed 1.1 million square feet of leases with renewal releasing spreads of 7.4% and same property tenant retention of 89%.

Total Revenue
$125M
Previous year: $120M
+4.6%
EPS
$0.41
Previous year: $0.4
+2.5%
Occupancy Rate
89.5%
Gross Profit
$75.1M
Previous year: $73M
+2.8%
Cash and Equivalents
$227M
Previous year: $12.7M
+1681.8%
Total Assets
$6.77B
Previous year: $6.32B
+7.1%

Healthcare Realty

Healthcare Realty

Forward Guidance

The company anticipates transacting on accretive investments in Q4 2020 and into 2021, utilizing capital already raised.