Healthcare Realty Trust Incorporated Q1 2026 Earnings Release

Healthcare Realty Trust Incorporated announced its first quarter 2026 financial results, reporting a GAAP net loss of $(0.00) per share and NAREIT FFO of $0.35 per share. Normalized FFO was $0.41 per share, with a Funds Available for Distribution (FAD) of $112.9 million. The company achieved a same-store cash Net Operating Income (NOI) growth of 6.9% and a tenant retention rate of 93.5%. Lease executions for the quarter totaled 2.0 million square feet. Transaction activity included approximately $125 million in acquisitions and dispositions, highlighted by an $89 million acquisition for a medical outpatient building. The company also repurchased 5.7 million shares of common stock for $100 million and secured $400 million in commitments for a new unsecured delayed draw term loan. Additionally, the company announced an increased 2026 Normalized FFO guidance range of $1.59 to $1.65 per share and a Same Store Cash NOI growth guidance range of 3.75% to 4.75%. Longtime director Jay Leupp announced his retirement, and the Board approved a common stock dividend of $0.24 per share.