Healthcare Realty

Healthcare Realty

Owns and manages outpatient healthcare properties

Overview

Healthcare Realty is a real estate investment trust that owns, manages, finances, and develops outpatient healthcare properties across the United States. It builds a diversified portfolio of medical office and outpatient facilities, spanning various geographic regions, medical specialties, and healthcare system affiliations, with the aim of generating stable and growing rental income for investors. The company’s products come from owning and operating physical properties; it may also provide financing and development services related to these facilities, enabling long-term leases with medical tenants. What sets Healthcare Realty apart is its combination of ownership, management, financing, and development in one integrated approach, along with deliberate diversification by location, specialty, and system affiliation to mitigate risk and support steady cash flow. The overarching goal is to own and operate medical-related facilities that deliver stable, growing rental income over time.

About Healthcare Realty

Simplify's Rating
Why Healthcare Realty is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Healthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Nashville, Tennessee

Founded

1992

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Simplify's Take

What believers are saying

  • Q2 2026 same-store cash NOI grew 5.1%, with 88.5% tenant retention.
  • July 30, 2026 guidance rose to $1.62-$1.66 normalized FFO per share.
  • Q2 2026 leasing totaled 1.5 million square feet at 3.0% annual escalators.

What critics are saying

  • Q2 2026 revenue fell 5.3%, while GAAP EPS stayed negative at $0.13.
  • Prospect Medical bankruptcy threatens Healthcare Realty rent, impairments, and legal recovery timing.
  • July 30, 2026 EPS guidance stayed negative, signaling continued noncash losses.

What makes Healthcare Realty unique

  • As of June 30, 2026, Healthcare Realty owned 562 properties across 49 markets.
  • Healthcare Realty provided leasing and management services to 95% of its portfolio.
  • January 2026 made Healthcare Realty the largest pure-play outpatient medical REIT.

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Benefits

Health Insurance

Dental Insurance

401(k) Company Match

Stock Price

Company News

Arrowfly
Sep 29th, 2026
ASC dealbook: Asante buys shuttered ASC; sca-operated facility changes hands.

ASC dealbook: Asante buys shuttered ASC; sca-operated facility changes hands. Asante purchases Oregon ASC, but may not reopen it. The building that housed the now-closed Surgery Center of Southern Oregon has a new owner - but not yet a path toward reopening. The nonprofit health system Asante recently confirmed to the Rogue Valley Times that it had purchased the building for $10.3 million on July 30. A spokesperson told the publication that Asante bought the property because of its proximity to the Rogue Regional Medical Center's campus, and the health system doesn't currently have any plans for the closed ambulatory surgery center (ASC). Asante tried to purchase the ASC this spring and keep the facility running, but the Oregon Health Authority would not grant the system an emergency exception to a lengthy state-required review of the deal. Asante had argued the exception was necessary because the Surgery Center of Southern Oregon was at risk of insolvency. The ASC then shuttered on June 30. Healthcare real estate firm buys charlestown Surgery Center. Healthcare Realty Trust Inc. has acquired a pair of properties in Summerville, South Carolina, that includes an ASC. Hammes Co., a vertically integrated healthcare real estate firm, sold the properties for $58 million, the publication Commercial Real Estate News reported on Sept. 14. One of the properties involved in the transaction is Charleston Surgery Center, a 22,261-square-foot ASC that is fully leased to a joint venture led by SCA Health, which is part of UnitedHealth Group's Optum division. Also included is Summerville Medical Campus, a nearly 100,000-square-foot, multitenant MOB anchored by the Medical University of South Carolina, and a five-acre site in Chapel Hill, North Carolina, that is fully entitled for a six-story, 168,000-square-foot medical and office building with a structured parking garage. Real estate firm buys ophthalmology practice's MOB, ASC. Flagship Healthcare Properties said on Sept. 14 that it purchased a medical office building (MOB) and ASC anchored by the physician-led ophthalmology practice Greystone Eye. Located in Hickory, North Carolina, the fully leased facility covers 92,516 square feet. It was built in 2008 and expanded in 2019 to add administrative offices, exam and procedure rooms, an aesthetic clinic, as well as improvements to the surgery center, including additional operating capacity and expanded patient areas. The property was acquired through Flagship's private real estate investment trust, Flagship Healthcare Trust. The outpatient healthcare real estate firm will also provide property management and asset management services. Graystone Eye, which was founded in 1969, has five locations in Western North Carolina and has 14 board-certified ophthalmologists and five optometrists. The facility's surgery center operates under a North Carolina Certificate of Need and includes four operating rooms accredited by the Accreditation Association for Ambulatory Health Care. Investors acquire arizona ASC operated by Banner, Atlas. Lincoln Property Company and PGIM have purchased the Surgery Center of Gilbert in the metro Phoenix area. The 13,957 square-foot ASC operates under a joint venture between Banner Health, a nonprofit health system with over 20 ASCs across greater Phoenix; Atlas Health, an ASC development and management company; and their physician partners. The Surgery Center of Gilbert supports 21 medical practitioners working across eight specialties, including general surgery, ophthalmology, plastic surgery, podiatry, ENT, orthopedics and urology. It has five operating rooms, six pre-op rooms and multiple post-anesthesia care unit rooms. The purchase represents the first Phoenix-area purchase for Lincoln, a full-service real estate firm, and PGIM, the global investment management business of Prudential Financial Inc. The two companies said they also plan to secure more healthcare real estate in the market. Indiana-based APAC Surgery Center gets new owner. AMRA Partners has sold APAC Surgery Center in Crown Point, Indiana, to an undisclosed buyer. The 13,200-square-foot ASC is fully leased to Advanced Pain & Anesthesia Consultants P.C. and APAC Surgical Center II LLC. The two entities operate together as APAC Centers for Interventional Pain, a fully integrated clinic and ASC platform under the national management services organization DxTx Pain & Spine. The Dallas-based commercial real estate and investment firm CBRE Group Inc. facilitated the sale, according to a Sept. 2 press release. Located about 40 miles southeast of downtown Chicago, APAC Surgery Center sits within Crown Point's primary medical corridor and is surrounded by a network of healthcare providers and clinics including Franciscan Health, Methodist Hospitals, UChicago Medicine and Lakeshore Bone & Joint. Physicians seek to sell majority stake in neurosurgical ASC. The physicians who own Amherst, New York-based Atlas Surgery Center want to sell a 60% stake in the facility to Ambulatory Partner Holdings LLC. for $54 million. Elad Levy, MD, a neurosurgeon with the University of Buffalo and Atlas Surgery Center, confirmed the proposal to Becker's ASC Review. He also emphasized that all medical decision-making would remain under the purview of the physician owners if the deal closes. Atlas Surgery Center is a neurosurgical ASC with four operating rooms and two procedure suites. Surgeons there offer minimally invasive spine surgery, tumor/gamma knife surgery, interventional radiology, interventional pain management, treatment for neurovascular disease and movement disorders, and other procedures.

MarketBeat
Aug 14th, 2026
Bank of America Corp DE boosts stake in Healthcare Realty Trust Incorporated $HR.

Bank of America Corp DE boosts stake in Healthcare Realty Trust Incorporated $HR. August 14, 2026 Key points. * Bank of America increased its Healthcare Realty Trust stake by 13.3% in the first quarter, adding 259,782 shares to own 2.21 million shares valued at approximately $37.5 million. * Healthcare Realty Trust reported quarterly revenue of $278.6 million, above estimates, but posted a loss of $0.13 per share and revenue declined 5.3% year over year. The company maintained 2026 EPS guidance of $1.62-$1.66. * The REIT declared a quarterly dividend of $0.24 per share, equivalent to a 5.0% annualized yield. Analysts maintain a consensus "Hold" rating with an average price target of $22, while an insider recently sold nearly 19% of her direct holdings. * MarketBeat previews top five stocks to own in September. Bank of America Corp DE boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,208,965 shares of the real estate investment trust's stock after purchasing an additional 259,782 shares during the period. Bank of America Corp DE owned approximately 0.64% of Healthcare Realty Trust worth $37,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also modified their holdings of HR. Wiser Advisor Group LLC purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth approximately $25,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $37,000. Main Street Group LTD purchased a new position in Healthcare Realty Trust during the 1st quarter valued at $42,000. Prosperity Bancshares Inc purchased a new position in Healthcare Realty Trust during the 4th quarter valued at $42,000. Finally, Danske Bank A S bought a new position in Healthcare Realty Trust in the 3rd quarter valued at $47,000. Insider activity at Healthcare Realty Trust. In other news, CAO Amanda L. Callaway sold 25,767 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the sale, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This trade represents a 18.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock. Healthcare Realty Trust trading up 0.1%. Shares of NYSE:HR opened at $19.23 on Friday. The company has a market capitalization of $6.59 billion, a PE ratio of -73.98 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 12-month low of $16.23 and a 12-month high of $22.04. The business's fifty day simple moving average is $20.54 and its 200-day simple moving average is $19.13. Discover more Derivatives Stock market holidays Stock average calculator Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.53). Healthcare Realty Trust had a negative return on equity of 1.91% and a negative net margin of 7.59%.The company had revenue of $278.58 million for the quarter, compared to analysts' expectations of $271.60 million. During the same quarter last year, the company earned $0.41 earnings per share. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. Research analysts predict that Healthcare Realty Trust Incorporated will post 1.64 EPS for the current year. Healthcare Realty Trust announces dividend. The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Healthcare Realty Trust's dividend payout ratio is presently -369.23%. Wall Street analyst weigh in. A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Healthcare Realty Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday, June 1st. JPMorgan Chase & Co. boosted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Cantor Fitzgerald upped their target price on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, BTIG Research reaffirmed a "buy" rating and set a $22.00 target price on shares of Healthcare Realty Trust in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.00. About Healthcare Realty Trust. Healthcare Realty Trust NYSE: HR is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company's portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base. The company's properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Healthcare Realty Trust, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthcare Realty Trust wasn't on the list. While Healthcare Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. Inside this report, you'll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

StockTitan
May 19th, 2026
Healthcare Realty Trust (HR) secures $400M unsecured term loan with $100M accordion.

Healthcare Realty Trust (HR) secures $400M unsecured term loan with $100M accordion. Filing Impact Filing Sentiment Rhea-AI Filing summary. Healthcare Realty Trust Incorporated entered into a new senior unsecured term loan agreement providing a $400.0 million delayed draw term loan facility for its operating partnership. The facility can be drawn on the closing date and in up to three additional draws until the first anniversary of the closing date and matures on May 15, 2029. The agreement includes an accordion feature allowing up to an additional $100.0 million of term loans, subject to lender commitments. Pricing is based on the borrower's unsecured long-term debt ratings, with an initial margin of 0.90% per annum over Term SOFR or Daily Simple SOFR and 0.00% over the base rate. A 0.20% per annum commitment fee applies on unfunded commitments starting on the ninety-first day after closing. As of the closing date, no borrowings were outstanding. The facility has no required amortization, permits voluntary prepayment without penalty, and includes customary covenants and events of default for a facility of this type. Insights. New $400M unsecured term loan adds flexible funding capacity with standard covenant protections. The company's operating partnership obtained a $400.0 million senior unsecured delayed draw term loan, with an additional $100.0 million accordion. Maturing on May 15, 2029, it provides medium-term balance sheet flexibility without immediate borrowing. Pricing is tied to unsecured debt ratings, with an initial margin of 0.90% over Term SOFR or Daily Simple SOFR and 0.20% commitment fees on undrawn amounts after the ninety-first day. Standard leverage and coverage covenants and change-of-control defaults apply, so future use of this facility will need to fit within those limits. 8-K event classification. 3 items: 1.01, 2.03, 9.01 Key figures. Term loan facility size: $400.0 million Accordion capacity: $100.0 million Maturity date: May 15, 2029 +5 more Key terms. Term Loan Agreement, delayed draw term loan facility, accordion feature, SOFR, +2 more 05/19/2026 - 01:27 PM Faq. What new financing did Healthcare Realty Trust (HR) arrange in this 8-K? Healthcare Realty Trust's operating partnership secured a senior unsecured delayed draw term loan facility of up to $400.0 million. The agreement provides medium-term funding capacity without immediate borrowing and can be drawn in multiple tranches within one year of the closing date. What is the size and maturity of Healthcare Realty Trust's new term loan? The new term loan facility provides up to $400.0 million in senior unsecured debt maturing on May 15, 2029. The borrower may draw funds on the closing date and in up to three additional draws until the first anniversary of that date. Does Healthcare Realty Trust's new term loan include an accordion feature? Yes. The term loan agreement includes an accordion feature permitting up to an additional $100.0 million of term loans. This increase depends on satisfying specified conditions and obtaining additional commitments from existing or new lenders under the agreement. What interest rate does Healthcare Realty Trust pay on the new term loan? Interest is based on a margin plus base rate, Term SOFR, or Daily Simple SOFR. Initially, the margin is 0.00% for base rate loans and 0.90% per annum for Term SOFR and Daily Simple SOFR loans, determined by the borrower's unsecured long-term debt ratings. Are there fees on undrawn amounts under Healthcare Realty Trust's term loan facility? Yes. The borrower must pay a 0.20% per annum commitment fee on the average daily balance of unfunded delayed draw commitments. This fee begins on the ninety-first day after the closing date and continues until the commitments terminate or expire. What covenants and defaults apply to Healthcare Realty Trust's new term loan? The agreement includes customary covenants limiting additional debt, mergers, and affiliate transactions, plus financial tests on leverage and coverage ratios. Events of default include missed payments, covenant breaches, certain bankruptcies, cross-defaults to other material debt, and change of control provisions. Filing exhibits & attachments. 4 documents Agreements & contracts.

Yahoo Finance
Apr 30th, 2026
Healthcare Realty Trust reports $144.4M funds from operations in Q1, expects $1.59-1.65 per share for year

Healthcare Realty Trust, a Nashville-based medical office building real estate investment trust, reported funds from operations of $144.4 million, or 41 cents per share, for the first quarter. The company posted revenue of $279 million in the period. The REIT reported a net loss of $56,000, or less than one cent per share. For the full year, Healthcare Realty Trust expects funds from operations in the range of $1.59 to $1.65 per share. Funds from operations is a key profitability measure in the REIT industry, calculated by taking net income and adding back depreciation and amortisation.

Yahoo Finance
Feb 13th, 2026
Healthcare Realty hits $45M G&A target, achieves 4.8% same-store NOI growth after $1.2B asset sales

Healthcare Realty Trust has reported fourth-quarter 2025 normalised FFO per share of $0.40 and same-store cash NOI growth of 5.5%. Full-year normalised FFO per share reached $1.61, exceeding original guidance by $0.03, whilst same-store NOI growth of 4.8% beat guidance by 140 basis points. The company has completed a major transformation, achieving $10 million in annual G&A savings and disposing of $1.2 billion in assets at a 6.7% blended cap rate. Net debt to EBITDA decreased to 5.4x from 6.4x at the start of 2025. For 2026, Healthcare Realty projects normalised FFO per share of $1.58 to $1.64, with same-store cash NOI growth of 3.5% to 4.5%. The company executed 5.8 million square feet of leases in 2025 and repurchased $50 million in shares in January.

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