Healthcare Realty Trust Publishes Investor Day Presentation and Provides Update on Asset Sales and New Leasing Momentum
05 10월 2023 - 7:30PM
Healthcare Realty Trust Incorporated (NYSE:HR) today published a
presentation in advance of an investor event in Raleigh, NC on
October 5, 2023. The event will include property tours and a
presentation from senior management. The presentation is available
at the investor relations section of the Company’s website at
http://investors.healthcarerealty.com.
The Company announced the completion of $209 million of asset
sales since June 2023 bringing year-to-date dispositions to $318
million. The Company affirmed its 2023 dispositions guidance of
$350 to $450 million and narrowed its expected cap rate range to
6.5% to 7.0%. The Company expects to sell additional properties
under contract for approximately $71 million by year-end. The
Company also has properties totaling $239 million under letter of
intent to sell with closings expected to be completed in fourth
quarter 2023 and first quarter 2024. In aggregate, these closed and
expected dispositions totaling over $600 million will enhance the
quality and growth profile of the Company by increasing portfolio
exposure to higher-growth, multi-tenant, on-campus medical
outpatient buildings. Proceeds from these sales are expected to
fund development obligations and repay floating rate debt.
Healthcare Realty signed a record volume of new leases totaling
447,000 square feet in the third quarter, improving from 376,000 in
the second quarter and 240,000 in the first quarter. New leasing
momentum for the legacy HTA properties was particularly strong,
representing 62% of activity year-to-date, while comprising
approximately one-half of the multi-tenant portfolio. New signed
leases at the legacy HTA properties totaled 269,000 square feet in
the third quarter, up from 244,000 in the second quarter and
150,000 in the first quarter. Occupancy is expected to be flat for
the third quarter 2023, but is expected to increase in 2024 based
on the new leasing described above.
“We are pleased to report positive momentum on Healthcare
Realty’s top two priorities – new leasing activity and asset sales.
Strong new leasing momentum in 2023, especially in the third
quarter, strengthens our ability to deliver occupancy gains in
2024,” commented Todd Meredith, President and CEO. “Progress on
asset sales will reduce variable rate debt, lower our leverage, and
improve the quality of our portfolio.”
Healthcare Realty (NYSE: HR) is a real estate investment trust
(REIT) that owns and operates medical outpatient buildings
primarily located around market-leading hospital campuses. The
Company selectively grows its portfolio through property
acquisition and development. As the first and largest REIT to
specialize in medical outpatient buildings, Healthcare Realty’s
portfolio includes more than 700 properties totaling over 40
million square feet concentrated in 15 growth markets.
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)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Healthcare Realty (NYSE:HR)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024