HR Earnings Prediction
The chart below shows how HR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HR sees a +1.62% change in stock price 10 days leading up to the earnings, and a -1.09% change 10 days following the report. On the earnings day itself, the stock moves by -1.96%. This data can give you a slight idea of what to expect for the next quarter's release.
HR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
315.42M
-7.84%
-0.28%
Gross Margin
10.13%
25.53%
27.58%
Operating Margin
3.75%
-9.86%
6.53%
Net Margin
-29.97%
49.55%
-35.05%
EPS
-0.26
-44.44%
-33.33%
No Data Available
HR Earnings Analysis
Healthcare Realty Trust Incorporated Corporation (HR.N) Earnings Conference Call
Positive
Normalized FFO Increase: 1. Normalized FFO Growth: Healthcare Realty reported normalized FFO per share of $0.39, marking a 1.2% year-over-year increase and achieving the high end of expectations.
Leasing Activity Surge: 2. Strong Leasing Activity: The company signed over 400,000 square feet of new leases for the fifth consecutive quarter, demonstrating robust demand in the multi-tenant portfolio.
NOI Growth Performance: 3. Solid NOI Growth: Same-store property NOI grew by 3.1% year-over-year, with total multi-tenant properties achieving a 3.5% increase in NOI for the quarter.
Shareholder Value Enhancement: 4. Successful Share Repurchases: Year-to-date, Healthcare Realty has repurchased nearly $450 million of shares at a weighted average price of $16.48, enhancing shareholder value.
Asset Sale Proceeds Increase: 5. Increased Asset Sale Proceeds: The company raised $875 million from asset sales through October, increasing its full-year proceeds guidance to a range of $1.05 billion to $1.15 billion, up $100 million at the midpoint.
Negative
Unsustainable Dividend Payout: 1. Increased Payout Ratio: The company's payout ratio was reported at 106% for the quarter, indicating that they are distributing more in dividends than they are earning, which raises concerns about sustainability.
Steward Bankruptcy Losses: 2. Steward Bankruptcy Impact: Healthcare Realty has a total exposure of approximately $27 million in annual NOI from Steward leases, with $10 million of this expected to be lost due to leases not being accepted by new operators, starting November 1.
Credit Loss Reserve Impact: 3. Credit Loss Reserve: A $47 million credit loss reserve was recorded in the quarter related to the final write-down of a mezzanine loan in Houston, indicating potential financial instability and loss of income.
Same-Store NOI Decline: 4. Declining Same-Store NOI Guidance: The company narrowed its 2024 normalized FFO per share guidance to $1.55 to $1.56, reflecting a downward adjustment in expectations for same-store NOI growth due to timing issues with lease commencements.
Absorption Capital Spending Effects: 5. Absorption Capital Impact: The company noted that their absorption capital spending is impacting their payout ratio, with a projected decline in the payout ratio to below 100% in 2025, suggesting ongoing financial strain.
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HR Earning Call Sentiment
Healthcare Realty Trust Incorporated (HR) Q3 2024 Earnings Call Transcript
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00:00
00:00
HR.N
0.25%Positive
The earnings call presents a mixed picture: positive elements include increased FFO guidance, strong share repurchases, and debt reduction efforts. However, concerns arise from competitive pressures, Steward lease exposure, and a high payout ratio. The Q&A highlights uncertainties regarding leasing and credit loss reserves. While financial metrics show moderate growth, the lack of clarity on certain issues tempers enthusiasm. Without a clear market cap, the stock's reaction is uncertain, but the overall sentiment suggests a neutral impact on the stock price in the short term.
