Healthcare Realty Reports Third Quarter 2026 Results and Further Increases Full Year 2026 Guidance
Key Highlights
- ➤2026 Normalized FFO guidance raised to $1.65-$1.67 per share
- ➤2026 Same Store Cash NOI guidance raised to 5.00%-5.25%
- ➤Q3 Normalized FFO $0.42 per share, versus $0.41 year earlier
- ➤Q3 same-store cash NOI grew 5.1%; tenant retention reached 88.0%
- ➤Healthcare Realty repurchased 4.2 million shares for $75 million
NASHVILLE, Tenn., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the third quarter ended September 30, 2026. In addition, the Company announced an increased 2026 Normalized FFO guidance range of $1.65 to $1.67 per share (diluted), a $0.02 increase at the midpoint from July guidance, and an increased Same Store Cash NOI growth guidance range of 5.00% to 5.25% (+75bps increase at the low end and +25bps at the high end from July guidance).
THIRD QUARTER 2026 HIGHLIGHTS * GAAP Net loss of $(0.05) per share, NAREIT FFO of $0.38 per share, Normalized FFO of $0.42 per share, and FAD of $110 million (payout ratio of 76%) * Same store cash NOI growth of 5.1%, tenant retention of 88.0% and cash leasing spreads averaging 8.6% * Third quarter lease executions totaled 1.5 million square feet, including 430,000 square feet of new lease executions * Since last quarter, the Company acquired $211 million of assets (approximately $42 million at share) in its strategic joint venture with KKR * Since last quarter, the Company sold $68 million of assets, bringing year-to-date disposition activity to $136 million ($187 million including loan receivable repayments) * Net Debt to Adjusted EBITDA of 5.5x * Repurchased 4.2 million shares of common stock through early October at an average share price of $17.74 THIRD QUARTER 2026 RESULTS
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