Healthcare Realty Trust Q2 2024 Update
Ticker: HR · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1360604
Sentiment: neutral
Topics: real-estate, REIT, healthcare-real-estate, quarterly-report
TL;DR
HR Q2 earnings out, check the numbers.
AI Summary
Healthcare Realty Trust Inc. reported its second quarter 2024 results, ending June 30, 2024. The company's filing provides financial data and operational updates for the period. Specific financial figures and performance metrics are detailed within the report.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Healthcare Realty Trust, crucial for understanding its current market position and future prospects.
Risk Assessment
Risk Level: medium — As a real estate investment trust, Healthcare Realty Trust is subject to market fluctuations, interest rate changes, and tenant-specific risks.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is provided.)
- 20240802 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- Healthcare Realty Trust Inc. (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240802 (date) — Filing date of the report
- Nashville, TN (location) — Company headquarters
FAQ
What is the primary business of Healthcare Realty Trust Inc.?
Healthcare Realty Trust Inc. is a real estate investment trust (REIT) primarily focused on healthcare-related properties, as indicated by its SIC code [6798] for Real Estate Investment Trusts.
What is the fiscal year-end for Healthcare Realty Trust Inc.?
The fiscal year-end for Healthcare Realty Trust Inc. is December 31 (1231).
What was the previous name of Healthcare Realty Trust Inc.?
The company was formerly known as Healthcare Trust of America, Inc., Healthcare Trust of America Holdings, Inc., and Healthcare Trust of America Holdings, LP, with name changes occurring on August 2, 2016.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2024.
Where is Healthcare Realty Trust Inc. headquartered?
Healthcare Realty Trust Inc. is headquartered at 3310 West End Avenue, Suite 700, Nashville, TN 37203.
Filing Stats: 4,756 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-08-02 06:32:40
Key Financial Figures
- $0.01 — Which Registered Class A Common Stock, $0.01 par value per share HR New York Stock E
Filing Documents
- hr-20240630.htm (10-Q) — 1434KB
- hr-2024630xex22.htm (EX-22) — 6KB
- hr-2024630xex311.htm (EX-31.1) — 11KB
- hr-2024630xex312.htm (EX-31.2) — 11KB
- hr-2024630xex32.htm (EX-32) — 7KB
- 0001360604-24-000093.txt ( ) — 8478KB
- hr-20240630.xsd (EX-101.SCH) — 64KB
- hr-20240630_cal.xml (EX-101.CAL) — 100KB
- hr-20240630_def.xml (EX-101.DEF) — 272KB
- hr-20240630_lab.xml (EX-101.LAB) — 784KB
- hr-20240630_pre.xml (EX-101.PRE) — 521KB
- hr-20240630_htm.xml (XML) — 1246KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1
Financial Statements
Financial Statements 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Loss 3 Condensed Consolidated Statements of Equity and Redeemable Non-Controlling Interests 4 Condensed Consolidated Statements of Cash Flows 6 Notes to the Condensed Consolidated Financial Statements 8 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 33 Item 4
Controls and Procedures
Controls and Procedures 34
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1
Legal Proceedings
Legal Proceedings 34 Item 1A
Risk Factors
Risk Factors 34 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 35
Other Information 35
Item 5 Other Information 35 Item 6 Exhibits 35 SIGNATURE 37 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Healthcare Realty Trust Incorporated Condensed Consolidated Balance Sheets Amounts in thousands, except per share data ASSETS Unaudited JUNE 30, 2024 DECEMBER 31, 2023 Real estate properties Land $ 1,287,532 $ 1,343,265 Buildings and improvements 10,436,218 10,881,373 Lease intangibles 764,730 836,302 Personal property 12,501 12,718 Investment in financing receivable, net 122,413 122,602 Financing lease right-of-use assets 81,401 82,209 Construction in progress 97,732 60,727 Land held for development 59,871 59,871 Total real estate properties 12,862,398 13,399,067 Less accumulated depreciation and amortization ( 2,427,709 ) ( 2,226,853 ) Total real estate properties, net 10,434,689 11,172,214 Cash and cash equivalents 41,765 25,699 Assets held for sale, net 34,530 8,834 Operating lease right-of-use assets 261,976 275,975 Investments in unconsolidated joint ventures 374,841 311,511 Goodwill — 250,530 Other assets, net 655,826 592,368 Total assets $ 11,803,627 $ 12,637,131 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Notes and bonds payable $ 5,148,153 $ 4,994,859 Accounts payable and accrued liabilities 195,884 211,994 Liabilities of assets held for sale 1,805 295 Operating lease liabilities 230,601 229,714 Financing lease liabilities 75,199 74,503 Other liabilities 177,293 202,984 Total liabilities 5,828,935 5,714,349 Commitments and contingencies Redeemable non-controlling interests 3,875 3,868 Stockholders' equity Preferred stock, $ .01 par value per share; 200,000 shares authorized; none issued and outstanding — — Class A Common stock, $ .01 par value per share; 1,000,000 shares authorized; 364,327 and 380,964 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 3,643 3,810 Additional paid-in capital 9,340,028 9,602,592 Accumulated other comprehensive income (loss) 6,986 ( 10,741 ) Cumulative net income attributable to common stockholders 574,178 1,028,