Quarterly ResultApr 30, 2026, 04:21 PM
HR Q1 Normalized FFO $0.41; Raises 2026 FFO & Same Store NOI Guidance
AI Summary
Healthcare Realty Trust (HR) reported strong first quarter 2026 results, with Normalized FFO of $0.41 per share and a GAAP net loss of $(0.00) per share. The company raised its full-year 2026 Normalized FFO guidance to $1.59-$1.65 per share and increased its Same Store Cash NOI growth guidance to 3.75%-4.75%. Key highlights include 6.9% Same Store Cash NOI growth, $125 million in total transactions, and a $100 million share repurchase program. HR also declared a $0.24 per share dividend and secured $400 million in new loan commitments.
Key Highlights
- Increased 2026 Normalized FFO guidance to $1.59-$1.65 per share, a $0.01 increase at midpoint.
- Increased 2026 Same Store Cash NOI growth guidance to 3.75%-4.75%, a 25bps increase.
- Reported Q1 2026 Normalized FFO of $0.41 per share and GAAP Net loss of $(0.00) per share.
- Achieved Q1 2026 Same Store Cash NOI growth of +6.9% and tenant retention of 93.5%.
- Completed $125 million in Q1 transactions, including an $89 million acquisition and $33 million dispositions.
- Repurchased 5.7 million shares of common stock for $100 million at an average price of $17.38.
- Declared a quarterly common stock dividend of $0.24 per share.
- Secured $400 million commitments for a new unsecured delayed draw term loan.