NYSE: HR
Healthcare Realty Trust IncCIK 0001360604 · SIC 6798 · Real Estate Investment Trusts
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (“REIT”) that owns, leases, manages, acquires, finances, develops and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services… About this business →
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Healthcare Realty refreshes shelf registration, maintains up to $1B ATM equity program
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Healthcare Realty Trust prices at-the-market offering via forward sale agreements at $21.53/share
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Healthcare Realty narrows Q2 loss to -$43.5M as impairments fall 70%
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Latest financial statements
From 10-Q filed Oct 29, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
Amounts in thousands
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Rental income | 277,601 | 287,399 | 815,726 | 863,326 |
| Interest income | 1,125 | 3,480 | 8,103 | 10,660 |
| Other operating | 7,915 | 6,886 | 23,650 | 20,257 |
| 286,641 | 297,765 | 847,479 | 894,243 | |
| Expenses | ||||
| Property operating | 102,446 | 107,657 | 301,485 | 321,751 |
| General and administrative | 12,435 | 21,771 | 44,139 | 58,782 |
| Transaction costs | 1,693 | 125 | 4,102 | 1,729 |
| Depreciation and amortization | 128,101 | 143,640 | 385,152 | 453,150 |
| 244,675 | 273,193 | 734,878 | 835,412 | |
| Other income (expense) | ||||
| Gain on sales of real estate properties and other assets | 2,476 | 76,771 | 16,966 | 99,678 |
| Interest expense | (44,849) | (52,642) | (133,885) | (160,800) |
| Loss on extinguishment of debt | — | (286) | (1,718) | (286) |
| Impairment of real estate properties and credit loss recoveries (reserves) | (16,152) | (104,362) | (57,909) | (258,791) |
| Equity income from unconsolidated joint ventures | 816 | 287 | 4,241 | 446 |
| Interest and other expense, net | (108) | (2,884) | (82) | (3,154) |
| (57,817) | (83,116) | (172,387) | (322,907) | |
| Net loss | (15,851) | (58,544) | (59,786) | (264,076) |
| Net loss attributable to non-controlling interests | 96 | 806 | 461 | 3,614 |
| Net loss attributable to common stockholders | (15,755) | (57,738) | (59,325) | (260,462) |
| Basic earnings per common share | (0.05) | (0.17) | (0.18) | (0.75) |
| Diluted earnings per common share | (0.05) | (0.17) | (0.18) | (0.75) |
| Weighted average common shares outstanding basic | 340,616 | 349,964 | 343,427 | 349,712 |
| Weighted average common shares outstanding diluted | 340,616 | 349,964 | 343,427 | 349,712 |
Condensed Consolidated Balance Sheets
Amounts in thousands
| Description | Unaudited SEPTEMBER 30, 2026 | December 31, 2025 |
|---|---|---|
| Real estate properties | ||
| Land | 1,040,660 | 1,060,254 |
| Buildings and improvements | 8,673,665 | 8,514,165 |
| Lease intangibles | 378,664 | 455,254 |
| Personal property | 7,624 | 7,056 |
| Investment in financing receivable, net | 6,017 | 123,249 |
| Financing lease right-of-use assets | 73,894 | 75,083 |
| Land held for development | 35,564 | 57,535 |
| Total real estate properties | 10,216,088 | 10,292,596 |
| Less accumulated depreciation and amortization | (2,602,921) | (2,397,795) |
| Total real estate properties, net | 7,613,167 | 7,894,801 |
| Cash and cash equivalents | 17,499 | 26,172 |
| Assets held for sale, net | 150,085 | 143,580 |
| Operating lease right-of-use assets | 202,383 | 204,906 |
| Investments in unconsolidated joint ventures | 481,521 | 453,607 |
| Other assets, net | 495,108 | 487,795 |
| Total assets | 8,959,763 | 9,210,861 |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS, AND STOCKHOLDERS' EQUITY | ||
| Liabilities | ||
| Notes and bonds payable | 4,249,159 | 3,911,423 |
| Accounts payable and accrued liabilities | 176,630 | 211,071 |
| Liabilities of assets held for sale | 13,510 | 15,160 |
| Operating lease liabilities | 163,793 | 162,922 |
| Financing lease liabilities | 74,475 | 73,130 |
| Other liabilities | 147,567 | 160,530 |
| Total liabilities | 4,825,134 | 4,534,236 |
| Commitments and contingencies | ||
| Redeemable non-controlling interests | 3,748 | 3,252 |
| Stockholders' equity | ||
| Preferred stock, $.01 par value per share; 200,000 shares authorized; none issued and outstanding | — | — |
| Class A Common stock, $.01 par value per share; 1,000,000 shares authorized; 340,002 and 351,603 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 3,400 | 3,516 |
| Additional paid-in capital | 8,895,212 | 9,137,257 |
| Accumulated other comprehensive income (loss) | 8,316 | (5,174) |
| Cumulative net income attributable to common stockholders | 68,913 | 128,238 |
| Cumulative dividends | (4,895,426) | (4,646,944) |
| Total stockholders' equity | 4,080,415 | 4,616,893 |
| Non-controlling interest | 50,466 | 56,480 |
| Total equity | 4,130,881 | 4,673,373 |
| Total liabilities, redeemable non-controlling interests, and stockholders' equity | 8,959,763 | 9,210,861 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
Amounts in thousands
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| OPERATING ACTIVITIES | 2026 | 2025 |
| Net loss | (59,786) | (264,076) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 385,152 | 436,558 |
| Other amortization | 34,284 | 35,487 |
| Share-based compensation | 14,405 | 19,035 |
| Amortization of straight-line rent receivable (lessor) | (29,357) | (22,354) |
| Amortization of straight-line rent on operating leases (lessee) | 1,529 | 2,566 |
| Gain on sales of real estate properties and other assets | (16,966) | (99,678) |
| Loss on extinguishment of debt | 1,718 | 286 |
| Loss on derivatives | — | 2,844 |
| Impairment of real estate properties and credit loss recoveries (reserves) | 57,909 | 258,791 |
| Equity income from unconsolidated joint ventures | (4,241) | (446) |
| Distributions of earnings from unconsolidated joint ventures | 15,450 | 16,487 |
| Non-cash interest from financing and notes receivable | (271) | (657) |
| Changes in operating assets and liabilities: | ||
| Other assets, including right-of-use-assets | (41,414) | (26,035) |
| Accounts payable and accrued liabilities | (22,321) | (32,993) |
| Other liabilities | (18,742) | (1,059) |
| Net cash provided by operating activities | 317,349 | 324,756 |
| INVESTING ACTIVITIES | ||
| Acquisitions of real estate | (6,909) | — |
| Development of real estate | — | (12,605) |
| Additional long-lived assets | (194,578) | (243,605) |
| Funding of mortgages and notes receivable | (7,678) | (6,027) |
| Investments in unconsolidated joint ventures | (47,889) | (1,546) |
| Investment in financing receivable | 492 | (497) |
| Proceeds from sales of real estate properties and additional long-lived assets | 73,892 | 393,111 |
| Distributions in excess of earnings from unconsolidated joint ventures | 8,766 | — |
| Proceeds from insurance recoveries | 6,723 | 2,000 |
| Proceeds from notes receivable repayments | 53,441 | 53,513 |
| Net cash (used in) provided by investing activities | (113,740) | 184,344 |
| FINANCING ACTIVITIES | ||
| Borrowings on unsecured credit facility | 295,000 | 831,000 |
| Repayments on unsecured credit facility | (415,000) | (682,000) |
| Net borrowings on commercial paper program | 346,945 | — |
| Repayment on term loans | — | (108,532) |
| Borrowings of notes and bonds payable | 700,000 | — |
| Redemption and repayments of notes and bonds payable | (605,915) | (251,042) |
| Dividends paid | (248,400) | (302,528) |
| Common stock redemptions | (2,815) | (3,628) |
| Common stock repurchases | (225,055) | — |
| Payments made for capped call premiums | (28,948) | — |
| Distributions to non-controlling interest holders | (3,165) | (3,884) |
| Redemption of non-controlling interest | (1,043) | (677) |
| Debt issuance and assumption costs | (23,849) | (13,083) |
| Payments made on finance leases | (37) | (145) |
| Net cash used in financing activities | (212,282) | (534,519) |
| Increase (decrease) in cash and cash equivalents | (8,673) | (25,419) |
| Cash and cash equivalents cash at beginning of period | 26,172 | 68,916 |
| Cash and cash equivalents at end of period, including held for sale | 17,499 | 43,497 |
| Cash and cash equivalents held for sale | — | (152) |
| Cash and cash equivalents at end of period | 17,499 | 43,345 |
Amounts as printed on the EDGAR/iXBRL face — Amounts in thousands. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About Healthcare Realty Trust Inc
Source: Item 1 (Business) from the 10-K filed February 13, 2026. Description as filed by the company with the SEC.
Item 1. Business
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (“REIT”) that owns, leases, manages, acquires, finances, develops and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. All references in this report to "Healthcare Realty," the "Company," "we," "us," or "our" mean Healthcare Realty Trust Incorporated together with its consolidated subsidiaries, including Healthcare Realty Holdings, L.P., or operating partnership (the "OP").
The Company operates so as to qualify as a REIT for federal income tax purposes. As a REIT, the Company is not subject to corporate federal income tax with respect to taxable income distributed to its stockholders. See “