The earnings call presented a mix of strong financial performance and strategic initiatives with positive outcomes in leasing and occupancy improvements. However, challenges remain with dividend reductions, high cap rates on dispositions, and underperformance in certain asset portfolios. The strategic plan aims to address these issues, but the immediate impact is mixed.

Company Guidance

During the Healthcare Realty Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance and metrics reflecting its strategic plan and financial performance. Key metrics included a $0.41 normalized FFO per share, marking a $0.02 sequential increase, and a $0.33 FAD per share, up by $0.04 sequentially. The same-store occupancy improved to 90%, a 40-basis point sequential increase, while same-store NOI growth was at 5.1%, a 280-basis point sequential increase. The company's net debt to adjusted EBITDA ratio was reported at 6x. Additionally, year-to-date sales reached $211 million at a blended 6.2% cap rate, with over $700 million of additional assets under contract or LOI. The company highlighted plans to invest $300 million over three years into the lease-up portfolio, targeting $50 million of incremental NOI. Healthcare Realty also announced a dividend reduction by 23% to $0.24 per share quarterly, aiming to reinvest $100 million annually into its portfolio. The strategic plan focuses on improved corporate governance, organizational restructuring, portfolio optimization, reprioritizing capital allocation, and an improved balance sheet, with a target to reduce net debt-to-EBITDA to mid-5x by year-end.

Strong Financial Performance

Normalized FFO was $0.41 per share, a $0.02 sequential increase. FAD was $0.33 per share, a $0.04 sequential increase. Same-store NOI growth was 5.1%, the highest in 9 years, with a 280 basis point sequential increase.

Occupancy and Leasing Success

Same-store occupancy increased to 90%, a 40 basis point sequential increase. The company had the second highest new leasing quarter in the last 3 years with nearly 1.5 million square feet of leases executed.

Balance Sheet Improvement

Successful renewal of the revolver and extended tenor of term loans. Net debt to adjusted EBITDA improved to 6x, with an expectation to decrease into the mid-5s by year-end.

Strategic Plan Implementation

Significant organizational restructuring and a focus on operations-oriented culture. Introduction of Healthcare Realty 2.0 with 5 key action items aimed at improved governance, restructuring, portfolio optimization, capital allocation, and balance sheet improvements.

Healthcare Realty Trust (HR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.03 / -	-0.26	―	―	―
Jul 31, 2025	2025 (Q2)	-0.07 / -0.45	-0.39	-15.38% (-0.06)
May 01, 2025	2025 (Q1)	-0.08 / -0.13	-0.82	84.15% (+0.69)
Feb 19, 2025	2024 (Q4)	-0.07 / -0.31	-0.11	-181.82% (-0.20)
Oct 30, 2024	2024 (Q3)	-0.05 / -0.26	-0.18	-44.44% (-0.08)
Aug 02, 2024	2024 (Q2)	-0.10 / -0.39	-0.22	-77.27% (-0.17)
May 07, 2024	2024 (Q1)	-0.11 / -0.82	-0.23	-256.52% (-0.59)
Feb 16, 2024	2023 (Q4)	-0.12 / -0.11	-0.09	-22.22% (-0.02)	―
Nov 03, 2023	2023 (Q3)	-0.13 / -0.18	0.08	-325.00% (-0.26)	―
Aug 08, 2023	2023 (Q2)	-0.13 / -0.22	0.04	-650.00% (-0.26)	―

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
Jul 31, 2025	$15.14	$16.30	+7.66%
May 01, 2025	$15.34	$14.69	-4.24%
Feb 19, 2025	$16.11	$15.90	-1.30%
Oct 30, 2024	$16.90	$16.43	-2.78%

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 Oct 30, 2025, After Close (Confirmed).

What is Healthcare Realty Trust (HR) earnings time?

Healthcare Realty Trust (HR) earnings time is at Oct 30, 2025, 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 2025 (Q3) is -0.03.

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