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Sep 30, 2023
Healthcare Realty Q3 2023 Earnings Report
Healthcare Realty reported a net loss for the third quarter of 2023, but normalized FFO per share remained consistent with the previous quarter. The company focused on leasing activity and asset sales to manage leverage and improve portfolio performance.
Key Takeaways
Healthcare Realty Trust reported a net loss attributable to common stockholders of $67.8 million, or $0.18 per diluted common share, for the quarter ended September 30, 2023. Normalized FFO for the three months ended September 30, 2023 totaled $148.1 million, or $0.39 per diluted common share. Merger combined total same store cash NOI for the third quarter increased 2.3% over the prior year.
Normalized FFO per share totaled $0.39.
Merger combined total same store cash NOI for the third quarter increased 2.3% over the prior year.
Average occupancy increased 20 basis points to 89.2%.
The company executed new leases totaling 447,000 square feet in the quarter that will commence in future periods, an increase of 19% over the second quarter and 86% over the first quarter.
Revenue by Segment
Historical Earnings Impact
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