simplyStocks
Healthcare Realty Trust Incorporated
HR · NYSEReal Estate
The economic chain
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Raw inputs
Equipment
Foundry
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AI demand
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Company details
Market cap
$6.7B
P/FFO
12×
Div yield
~6%
Norm. FFO/sh
$1.61
Occupancy
~90%
Same-store NOI
+4.8%
Revenue
$1.2B
Net debt/EBITDA
5.4×
In plain English
Healthcare Realty is the largest pure-play landlord of outpatient medical buildings in the US — ~500 properties and ~33M sq ft, most of them on or next to hospital campuses. It doesn't treat patients; it collects rent from the health systems that do (HCA, Baylor Scott & White, CommonSpirit), then pays ~90% of that income out as dividends. Formed by the 2022 merger of the old Healthcare Realty with Healthcare Trust of America, it is now under activist pressure from Starboard to close the gap between its share price and the value of its buildings.
In simple terms
What Healthcare Realty Trust Incorporated really sells
Healthcare Realty is the largest pure-play landlord of outpatient medical buildings in the US — ~500 properties and ~33M sq ft, most of them on or next to hospital campuses. It doesn't treat patients; it collects rent from the health systems that do (HCA, Baylor Scott & White, CommonSpirit), then pays ~90% of that income out as dividends. Formed by the 2022 merger of the old Healthcare Realty with Healthcare Trust of America, it is now under activist pressure from Starboard to close the gap between its share price and the value of its buildings.
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Risk read
SteadierMore speculative
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