Healthcare Realty Trust lifts 2026 outlook

Healthcare Realty Trust

30/04/2026 21:45

Overview

U.S. medical office REIT's Q1 normalized FFO per share rose yr/yr to $0.41

Same-store cash NOI grew 6.9% in Q1

Company repurchased $100 mln in shares and raised 2026 FFO and NOI growth guidance

Outlook

Company raises 2026 normalized FFO guidance to $1.59-$1.65 per share

Healthcare Realty lifts 2026 Same Store Cash NOI growth guidance to 3.75%-4.75%

Company says 2026 guidance reflects assumptions on rental rates, occupancy, interest rates and expenses

Result Drivers

PROPERTY OPERATIONS - Same store cash NOI grew 6.9% in Q1, supported by 93.5% tenant retention and 4.2% cash leasing spreads

LEASING ACTIVITY - Co executed 2.0 mln sq ft of new and renewal leases, including major renewals and extensions in Atlanta, Charlotte, and other markets

CAPITAL ALLOCATION - Co completed $125 mln in transactions, including a KKR joint venture acquisition and asset sales, and repurchased $100 mln in shares

Company press release: ID:nGNX8mHxsS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0
Q1 Adjusted FFO
$144.38 mln
Q1 FFO
$123.70 mln
Q1 Adjusted FFO Per Share
$0.41


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Healthcare Realty Trust Inc is $19.00, about 2.9% above its April 29 closing price of $18.46

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)