Healthcare Realty Trust (HR)
NYSE:HR
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.45Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational execution and tangible early progress under the new strategy: record leasing, materially improved same-store NOI (6.9%), higher occupancy and retention, accretive redevelopments, disciplined buybacks, and proactive balance sheet actions (delayed draw facility, swaps extension). Management raised guidance modestly but remained conservative. Key near-term challenges include total occupancy still below target (90.5%), some negative lease roll-downs, and an upcoming bond maturity that is being addressed. On balance, the positives — record leasing, robust NOI growth, improved lease economics and capital allocation discipline — materially outweigh the manageable lowlights.Company Guidance
Record Leasing Activity
Signed over 2.0 million square feet across ~290 leases in Q1 (all-time high), with a leasing pipeline of ~1.4 million square feet and a Signed Not Occupied (SNO) pipeline of ~490,000 sq ft (including ~90,000 sq ft in redevelopment lease-up).
Strong Same-Store NOI Performance
Reported same-store cash NOI growth of 6.9% in Q1 (nearly 7%), a sequential/outperformance result that led to management raising same-store NOI guidance by 25 basis points to a revised range of 3.75%–4.75% for 2026.
Improved Occupancy and Retention
Same-store occupancy increased to 92.3% (up 110 basis points year-over-year); total portfolio occupancy improved to 90.5%. Tenant retention (renewal rate) was 93.5% in Q1.
Positive Lease Economics
Average cash leasing spread in Q1 was 4.2% (1 in 4 leases had a spread >5%); annual escalators averaged ~3.1%; weighted average lease term was nearly 8 years, strengthening long-term cash flow profile.
FFO and Dividend Metrics
Normalized FFO per share for Q1 was $0.41 (up from $0.40 sequentially). Management raised full-year normalized FFO guidance by $0.01 to $1.59–$1.65 (midpoint $1.62). FAD per share was $0.32 with a quarterly dividend payout ratio of 75%.
Accretive Capital Allocation Activity
Repurchased $100 million of stock year-to-date (5.7 million shares at a weighted average price of $17.38) with $400 million remaining buyback capacity. Completed JV acquisition (company pro rata share ~$18 million) and invested >$25 million in redevelopments in Q1.
Redevelopment Progress and Yields
Redevelopment portfolio comprises 23 properties that are ~64% pre-leased; Q1 activity included a $25M redevelopment (155k sq ft, 100% pre-leased) and completion of a $35M 2-MOB project (98% leased). Average cash-on-cash yield for redevelopments ~10% and targeted stabilized yields of 9%–12%.
Balance Sheet and Liquidity Actions
Secured a fully committed $400 million unsecured delayed draw term loan (all-in ~4.8%, SOFR+90bps when drawn) to be used in part to refinance a $600 million bond maturity; commercial paper program with ~ $250 million outstanding (backstopped by credit line); $400 million of swaps extended locking SOFR at 3.3% through 2029. Management expects year-end leverage target in mid-5x range.
HR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $18.70 | $19.25 | +2.94% |
Feb 12, 2026 | $17.26 | $17.73 | +2.69% |
Oct 30, 2025 | $17.30 | $17.26 | -0.23% |
Jul 31, 2025 | $14.74 | $15.88 | +7.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Healthcare Realty Trust (HR) report earnings?
Healthcare Realty Trust (HR) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Healthcare Realty Trust (HR) earnings time?
Healthcare Realty Trust (HR) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HR EPS forecast?
HR EPS forecast for the fiscal quarter 2026 (Q2) is -0.03.