Healthcare Realty Trust Incorporated (NYSE: HR) has announced a cash dividend of $0.31 per share on its common stock, payable on March 14, 2024, to class A common stockholders of record on February 26, 2024. Ron Hubbard, Vice President of Investor Relations, stated, "We are pleased to announce our quarterly dividend, reflecting our commitment to delivering value to our shareholders."
In addition to the common stock dividend, eligible holders of the company's operating partnership units will receive an op unit distribution of $0.31 per unit, equivalent to the common stock dividend.
Healthcare Realty Trust is a real estate investment trust that specializes in owning and operating medical outpatient buildings primarily located around market-leading hospital campuses. The company's portfolio includes nearly 700 properties totaling over 40 million square feet concentrated in 15 growth markets.
The company's shares have experienced a -3.4% movement, currently trading at a price of $15.22.
When asked about the market outlook, Hubbard added, "We remain optimistic about the opportunities in the healthcare real estate sector and are focused on selectively growing our portfolio through property acquisition and development."
The full 8-K submission from Healthcare Realty Trust Incorporated is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $696 | $692 | $500 | $535 | $933 | $1,351 |
| Revenue Growth | n/a | -0.63% | -27.8% | 7.04% | 74.38% | 44.9% |
| Net Margins | 31% | 4% | 14% | 12% | 4% | -20% |
| Net Income (MM) | $213 | $30 | $72 | $67 | $41 | -$273 |
| Net Interest Expense (MM) | $103 | $97 | $56 | $53 | $147 | $260 |
| Depreciation & Amort. (MM) | $280 | $290 | $190 | $203 | $453 | $736 |
| Earnings Per Share | $2.03 | $0.29 | $0.54 | $0.47 | $0.16 | -$0.72 |
| EPS Growth | n/a | -85.71% | 86.21% | -12.96% | -65.96% | -550.0% |
| Diluted Shares (MM) | 105 | 105 | 134 | 143 | 254 | 379 |
| Free Cash Flow (MM) | $260 | $249 | $395 | $135 | $109 | $296 |
| Capital Expenditures (MM) | $78 | $92 | $75 | $97 | $164 | $223 |
| Total Debt (MM) | $2,541 | $2,750 | $3,027 | $1,801 | $5,352 | $5,227 |
