HR

MKT CAP:$7B

Healthcare Realty Trust Incorporated

Market Cap

$7B

Real Estate·REIT - Healthcare Facilities·🇺🇸 United States·NYSE

Real Estate·REIT·🇺🇸·NYSE

Stock Price

$18.59+$1.64 (+9.68%)

Apr 23, 2026

Company Details

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout...

CEO

Peter A. Scott

IPO Date

May 27, 1993

Website

www.healthcarerealty.com

Key Metrics TTM

Revenue

$901M

+55.0% YoY

Net Income

-$248M

EPS (Diluted)

-$0.46

Free Cash Flow

$140M

Revenue / Share

$2.57

Gross Margin

-30.6%

Operating Margin

9.9%

Net Margin

-27.5%

FCF Margin

15.5%

P/S

7.3x

P/E

—

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Feb 13, 2026

$1.2BEPS -$0.71

Q4 2025

Feb 13, 2026

$286MEPS $0.04

Q1 2024

May 7, 2024

$327MEPS -$0.82

FY 2022

Mar 1, 2023

$933M+74.4%EPS $0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$100M	$65M	$24M
Q2 16	$103M	$66M	$27M
Q4 19	$177M	-$57M	$10M
Q2 21	$131M	-$20M	$22M
Q3 21	$137M	-$21M	$22M
Q4 21	$136M	-$20M	$23M
Q1 22	$143M	-$23M	$20M
Q2 22	$145M	-$23M	$22M
Q1 24	$327M	-$151M	$13M
Q4 25	$286M	-$79M	$34M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q4 19	—	—
Q2 21	8.5x	79.4x
Q3 21	7.8x	98.7x
Q4 21	8.1x	89.3x
Q1 22	7.5x	48.6x
Q2 22	7.3x	60.0x
Q1 24	7.0x	—
Q4 25	6.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$24M	$13M
Q2 16	$36M	$17M
Q4 19	$102M	$70M
Q2 21	$63M	$41M
Q3 21	$65M	$37M
Q4 21	$62M	$31M
Q1 22	$44M	$20M
Q2 22	$70M	$48M
Q1 24	$76M	$26M
Q4 25	$132M	$46M

Capital Expenditures

Quarter	CapEx
Q1 16	$11M
Q2 16	$18M
Q4 19	$32M
Q2 21	$22M
Q3 21	$28M
Q4 21	$31M
Q1 22	$23M
Q2 22	$22M
Q1 24	$50M
Q4 25	$87M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+36.6%	+50.9%
Q4 21	+32.9%	+51.0%
Q1 22	-19.2%	-26.6%
Q2 22	+10.6%	+12.2%
Q1 24	+139.2%	+173.8%
Q4 25	+109.9%	+121.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$2M	1.9%
Q2 16	$2M	1.8%
Q4 19	$0	0.0%
Q2 21	$3M	2.0%
Q3 21	$3M	1.9%
Q4 21	$3M	1.9%
Q1 22	$4M	2.6%
Q2 22	$3M	2.3%
Q1 24	$4M	1.1%
Q4 25	$3M	1.2%

OpEx Breakdown

Quarter	G&A
Q1 16	$10M
Q2 16	$8M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$23M	$0	$23M
Q2 22	$34M	$0	$34M
Q3 22	$58M	$0	$58M
Q4 22	$61M	$0	$61M
Q1 23	$50M	$0	$50M
Q2 23	$36M	$0	$36M
Q3 23	$25M	$0	$25M
Q4 23	$26M	$0	$26M
Q1 24	$26M	$0	$26M
Q2 24	$42M	$0	$42M
Q3 24	$23M	$0	$23M
Q4 24	$69M	$0	$69M
Q1 25	$26M	$0	$26M
Q2 25	$26M	$0	$26M
Q3 25	$43M	$0	$43M
Q4 25	$26M	$0	$26M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	102M	—	—
Q2 16	105M	+2.5%	—
Q4 19	211M	+101.8%	—
Q2 21	142M	-32.8%	—
Q3 21	144M	+1.2%	+40.8%
Q4 21	150M	+4.6%	+43.6%
Q1 22	149M	-0.9%	-29.5%
Q2 22	150M	+0.5%	+5.4%
Q1 24	379M	+153.4%	+163.8%
Q4 25	350M	-7.7%	+132.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$552.6K	181
Q2 16	$567.1K	181
Q4 19	$583.9K	303
Q2 21	$394.7K	333
Q3 21	$410.3K	333
Q4 21	$382.1K	357
Q1 22	$400.3K	357
Q2 22	$407.1K	357
Q1 24	$559.6K	584
Q4 25	$531.2K	539

Revenue / Employee