Healthcare Realty Trust Announces Stock Repurchase Authorization
02 6월 2023 - 5:30AM
Healthcare Realty Trust Incorporated (NYSE:HR) today announced that
its board of directors has authorized the repurchase of up to $500
million of the company’s Class A common stock. Repurchases may be
made at management’s discretion from time to time on the open
market, through privately negotiated transactions, or by other
means, in accordance with applicable securities laws. The timing
and total amount of stock repurchases will depend on business,
economic, and market conditions, as well as regulatory
requirements, prevailing stock prices, and other considerations.
Share repurchases are expected to be funded on a leverage neutral
basis with proceeds from asset sales.
“We are committed to prudently allocating capital to create
value for our shareholders. We expect to further refine our
portfolio through asset sales to increase our focus on key markets
where we have the greatest potential for scale, concentrated
clusters, and strong relationships that drive internal growth. This
authorization represents the confidence we have in our business and
strategy to drive long term growth, which we believe is not
reflected in the current market valuation,” said Todd Meredith, the
Company’s President and CEO.
The board’s authorization expires on May 31, 2024, and may be
suspended or discontinued at any time and does not obligate the
company to acquire any amount of Class A common stock. The Company
does not intend to use debt to fund the share repurchase
program.
Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing, financing and developing
income-producing real estate properties associated primarily with
the delivery of outpatient healthcare services throughout the
United States. As of March 31, 2023, the Company was invested in
over 700 real estate properties totaling more than 40 million
square feet and provided leasing and property management services
to over 35 million square feet nationwide.
Additional information regarding the Company can be found at
www.healthcarerealty.com.
In addition to the historical information contained within, the
matters discussed in this press release may contain forward-looking
statements that involve risks and uncertainties. These risks are
discussed in filings with the Securities and Exchange Commission by
Healthcare Realty Trust, including its Annual Report on Form 10-K
for the year ended December 31, 2022 under the heading “Risk
Factors,” and as updated in its Quarterly Reports on Form 10-Q
filed thereafter. Forward-looking statements represent the
Company’s judgment as of the date of this release. The Company
disclaims any obligation to update forward-looking statements.
Ron HubbardVice President, Investor RelationsP: 615.269.8290
Healthcare Realty (NYSE:HR)
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부터 4월(4) 2024 으로 5월(5) 2024
Healthcare Realty (NYSE:HR)
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부터 5월(5) 2023 으로 5월(5) 2024