Healthcare Realty Trust Q2 net loss narrows, lifts 2026 outlook

Healthcare Realty Trust

30/07/2026 21:19

Overview
US medical office REIT's Q2 Normalized FFO per share was flat yr/yr at $0.41
Company raised 2026 Normalized FFO and same store cash NOI growth guidance
Company repurchased 3.8 mln shares and completed $200 mln in JV acquisitions since last quarter

Outlook
Healthcare Realty Trust raises 2026 Normalized FFO guidance to $1.62-$1.66 per share
Company increases 2026 Same Store Cash NOI growth guidance to 4.25%-5.00%
Healthcare Realty Trust guidance reflects assumptions on rental rates, occupancy, interest rates and expenses

Result Drivers
LEASING ACTIVITY - Co executed 1.5 mln sq ft of new and renewal leases in Q2, with a weighted average lease term of 5.7 years and 3.0% average annual escalators
SAME STORE NOI GROWTH - Same store cash NOI rose 5.1% in Q2, supported by tenant retention of 88.5% and 4.8% cash leasing spreads
CAPITAL ALLOCATION - Co closed or is under contract for $200 mln in joint venture acquisitions and $83 mln in dispositions since last quarter

Company press release: ID:nGNXbQwpT4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.13
 
Q2 Adjusted FFO
 
$143.70 mln
 
Q2 FFO
 
$126.14 mln
 
Q2 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", 9 "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 $21.00, about 3.7% below its July 29 closing price of $21.81

Reuters Recommended Reads
July 29 - Omega Healthcare Q2 net income, adjusted FFO rise; lifts 2026 outlook
July 27 - Universal Health Realty Income Trust Q2 net income rises on higher property income
July 29 - Healthcare REIT Ventas' Q2 revenue beats on on senior housing growth

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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.)