Healthcare Realty Trust Inc HR
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 "Item 1A. Risk Factors" for a discussion of risks associated with qualifying as a REIT.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.2M | $19.2M | $17.5M | $13.7M | $10.3M | $7.4M | $692.0M | $696.4M | $614.0M | $460.9M |
| SG&A | $72.6M | $83.1M | $58.4M | $52.7M | $34.2M | $30.7M | $41.4M | $35.2M | $33.4M | $28.8M |
| Total operating expenses | — | — | — | — | $706.5M | $669.2M | $642.2M | $647.2M | $575.8M | $359.0M |
| Operating income | — | — | — | — | — | — | — | — | $123.6M | $101.9M |
| Interest expense | $209.0M | $242.4M | $258.6M | $146.7M | $53.1M | $56.2M | $96.6M | $101.8M | $85.5M | — |
| Net income | -$249.5M | -$663.9M | -$282.1M | $40.7M | $66.7M | $72.2M | $30.2M | $213.5M | $63.9M | $45.9M |
| EPS, basic | -0.71 | -1.81 | -0.74 | 0.15 | 0.45 | 0.52 | 0.15 | 1.04 | 0.35 | 0.34 |
| EPS, diluted | -0.71 | -1.81 | -0.74 | 0.15 | 0.45 | 0.52 | 0.14 | 1.02 | 0.34 | 0.33 |
| Shares, diluted (wtd. avg.) | $349.8M | $365.6M | $378.9M | $253.9M | $142.7M | $134.0M | $209.6M | $210.1M | $185.3M | $140.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $26.2M | $68.9M | $25.7M | $61.0M | $13.2M | $15.3M | $657.0K | $133.5M | $118.6M | $25.0M |
| Goodwill | — | $0 | $250.5M | $247.0M | $3.5M | — | — | — | — | — |
| Other intangibles | — | — | — | — | $212.4M | $238.6M | $277.9M | $372.9M | $459.0M | $277.8M |
| Total assets | $9.21B | $10.65B | $12.64B | $13.85B | $4.26B | $6.79B | $6.64B | $6.19B | $6.45B | $3.75B |
| Long-term debt | $3.91B | $4.66B | $4.99B | $5.35B | $1.80B | $3.03B | $2.75B | $2.54B | $2.78B | $1.77B |
| Total liabilities | $4.53B | $5.35B | $5.71B | $6.17B | $2.07B | $3.56B | $3.21B | $2.85B | $3.08B | $1.96B |
| Total equity | $4.62B | $5.23B | $6.92B | $7.68B | $2.19B | $1.95B | $1.90B | $3.33B | $3.36B | $1.78B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $457.1M | $501.6M | $499.8M | $272.7M | $232.6M | $470.1M | $340.4M | $337.4M | $307.5M | $203.7M |
| Depreciation and amortisation | $564.0M | $675.2M | $730.7M | $453.1M | $202.7M | $190.4M | — | — | — | — |
| Stock-based compensation | $22.4M | $31.8M | $14.3M | $20.3M | $10.7M | $9.9M | $10.1M | $9.8M | $6.9M | $7.1M |
| Capital expenditure | — | — | — | — | $97.2M | $74.7M | $91.5M | $77.9M | $64.8M | $43.0M |
| Investing cash flow | $710.8M | $900.9M | $349.1M | $1.63B | -$562.5M | -$555.2M | -$667.3M | $176.3M | -$2.46B | -$608.4M |
| Financing cash flow | -$1.21B | -$1.36B | -$884.2M | -$1.86B | $327.7M | $99.7M | $231.0M | -$498.7M | $2.24B | $400.8M |
| Dividends paid | $386.9M | $457.9M | $472.2M | $283.7M | $175.5M | $162.6M | $256.1M | $252.7M | $207.1M | $159.2M |
| Buybacks | $4.0M | $8.9M | $2.3M | $3.2M | $3.8M | $1.4M | $12.2M | $70.3M | $3.4M | $2.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001360604-26-000032.
Others in SIC 6798
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WELL | WELLTOWER INC. | $166.72B | 169.9x | 40.2% |
| PLD | Prologis, Inc. | $128.05B | 38.6x | 7.2% |
| EQIX | EQUINIX INC | $102.22B | 75.3x | 5.4% |
| AMT | AMERICAN TOWER CORP /MA/ | $81.93B | 32.6x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $67.86B | 14.8x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $66.20B | 52.6x | 10.0% |
| O | REALTY INCOME CORP | $57.96B | 52.4x | 9.1% |
| PSA | Public Storage | $53.04B | 33.5x | 2.7% |