- Healthcare Realty press release (NYSE:HR): Q4 Normalized FFO of $0.39 in-line.
- Net (loss) income attributable to common stockholders for the three months ended December 31, 2023 was $(40.5) million or $(0.11) per diluted common share.
- Revenue of $330.44M (-2.3% Y/Y) misses by $4.11M.
- Merger Combined Same Store cash NOI for the fourth quarter increased 2.7% over the prior year, and 2.8% for the year ended December 31, 2023.
- Tenant retention of 78.2%.
- During the quarter, the multi-tenant portfolio had sequential occupancy improvement of 175,000 square feet, or 53 basis points.
- Net debt to adjusted EBITDA was 6.4 times at the end of the quarter.
- The 2024 guidance range expectations are as follows:
| ACTUAL | EXPECTED 1Q 2024 | EXPECTED 2024 | ||||||||||||||
| 4Q 2023 | 2023 | LOW | HIGH | LOW | HIGH | |||||||||||
| Earnings per share | $(0.11) | $(0.74) | $(0.12) | $(0.11) | $(0.60) | $(0.10) | ||||||||||
| NAREIT FFO per share | $0.36 | $1.43 | $0.35 | $0.36 | $1.42 | $1.48 | ||||||||||
| Normalized FFO per share | $0.39 | $1.57 | $0.38 | $0.39 vs. consensus of $0.39 | $1.52 | $1.58 vs. consensus of $1.60 | ||||||||||