Healthcare Realty Trust Incorporated (NYSE:HR) recently announced its participation in Citi's 2025 Global Property CEO Conference on March 3 * 4, 2025. The company's management team will be in attendance and has also published an updated investor presentation ahead of the conference and other upcoming investor meetings.
In terms of financial updates, Healthcare Realty disclosed that it has partially collected rent payments from Prospect Medical for the months of January and February 2025, amounting to $0.4 million. Prospect Medical, which filed for Chapter 11 bankruptcy protection on January 11, 2025, leases 81,000 square feet from Healthcare Realty, representing approximately $2.9 million of annual revenue. It's important to note that the company has not provided assurance regarding the recovery of additional unpaid rent from Prospect Medical or the timely reletting of space related to any leases rejected in bankruptcy.
As a real estate investment trust (REIT) specializing in medical outpatient buildings, Healthcare Realty owns and operates properties primarily located around market-leading hospital campuses. The company's portfolio includes over 650 properties totaling 38.4 million square feet concentrated in 15 growth markets.
These financial updates provide insight into Healthcare Realty's recent rent collection activities amidst the backdrop of Prospect Medical's bankruptcy filing. The company's participation in the upcoming conference and the release of the updated investor presentation further demonstrate its commitment to engaging with the investment community and providing transparency regarding its operations and financial performance. As a result of these announcements, the company's shares have moved 1.3% on the market, and are now trading at a price of $17.03. For the full picture, make sure to review Healthcare Realty Trust's 8-K report.
