Healthcare Realty Q3 2022 Earnings Report
Key Takeaways
Healthcare Realty Trust reported a net income attributable to common stockholders of $28.3 million, or $0.08 per diluted common share, for the quarter ended September 30, 2022. Normalized FFO totaled $129.4 million, or $0.39 per diluted common share. The merger with Healthcare Trust of America, Inc. was completed on July 20, 2022.
Completed the merger with Healthcare Trust of America, Inc. on July 20, 2022.
Normalized FFO per share totaled $0.39; expected run-rate normalized FFO is $0.40 per share with full quarter pro-forma and run-rate adjustments.
Same store cash NOI for the third quarter increased 2.8% over the prior year.
Realized $16.4 million of annualized synergies, or nearly half of the projected $33-$36 million of annual G&A synergies.
Healthcare Realty
Healthcare Realty
Healthcare Realty Revenue by Segment
Forward Guidance
The Company expects to realize approximately $18 million of remaining annual G&A savings evenly over the next three quarters, equating to an incremental $1.5 million of G&A savings for each of the next three quarters.
Revenue & Expenses
Visualization of income flow from segment revenue to net income