- Healthcare Realty Trust ( NYSE: HR ) stock edged down 1.4% in Tuesday premarket trading even after the REIT turned in better-than-expected Q2 results on a pre-merger basis.
- Recall on July 20 when Healthcare Realty ( HR ) completed its previously announced merger with Healthcare Trust of America.
- Normalized FFO of $0.45 at June 30 topped the average analyst estimate of $0.44 and increased from $0.43 in the year-ago quarter.
- Similarly, Q2 revenue of $145.3M exceeded the consensus of $142.9M and rose from $131.4M in Q2 of last year, driven by a Y/Y boost of 9.4% in rental income.
- Expenses were $131.7M at the end of June, up from $110.6M at June 30, 2021.
- Portfolio leasing activity in Q2 amounted to 447K square feet related with 145 leases.
- The company's board of directors on August 2 authorized the repurchase of up to $500.0M of outstanding shares of its common stock either in the open market or through privately negotiated transactions.
- In the beginning of August, Healthcare Realty declared a quarterly dividend of $0.109 per share .
For further details see:
Healthcare Realty Q2 results stronger-than-expected as rental income climbs over 9%