Balance Sheet Healthcare Realty Trust Incorporated

Equities

HR

US42226K1051

Specialized REITs

End-of-day quote Nyse Other stock markets 06/09/2024			5-day change	1st Jan Change
17.95 ^USD	-0.33%		+0.17%	+4.18%

03/09	Healthcare Realty Trust Incorporated Provides an Update on the Expansion of Its Existing Joint Venture with Nuveen Real Estate	CI
26/08	Healthcare Realty Trust Adds $118 Million of New Properties to JV With KKR	MT

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Published financial data: HEALTHCARE REALTY TRUST INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Rental Revenues	46Cr	49Cr	52Cr	91Cr	130.92Cr
Interest Income On Mortgage Securities	-	-	-	-	-
Interest and Investment Income, Total (Revenue Block)	2L	3L	43.92L	1.15Cr	1.71Cr
Other Revenues, Total	77.18L	63L	89.13L	1.25Cr	1.58Cr
Total Revenues	47Cr	50Cr	53Cr	93Cr	134.21Cr
Property Expenses	18Cr	20Cr	22Cr	35Cr	50Cr
Selling General & Admin Expenses, Total	3.2Cr	3.07Cr	3.42Cr	5.27Cr	5.84Cr
Depreciation & Amortization - (IS) - (Collected)	18Cr	19Cr	20Cr	45Cr	73Cr
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	-2L	-3L	-4L	-5L	-
Total Operating Expenses	39Cr	42Cr	45Cr	85Cr	129.16Cr
Operating Income (REIT / Utility Template)	7.87Cr	7.9Cr	8.1Cr	7.89Cr	5.05Cr
Interest Expense, Total	-5.54Cr	-5.62Cr	-5.31Cr	-15Cr	-26Cr
Interest and Investment Income	89T	6L	2L	-	13.43L
Net Interest Expenses	-5.53Cr	-5.56Cr	-5.29Cr	-15Cr	-26Cr
Income (Loss) on Equity Invest.	-19T	-	-	-	-
Other Non Operating Income (Expenses)	-	-	91T	-	-
EBT, Excl. Unusual Items	2.34Cr	2.33Cr	2.81Cr	-6.94Cr	-21Cr
Total Merger & Related Restructuring Charges	-	-	-	-10Cr	19.52L
Gain (Loss) on Sale of Assets	2.51Cr	7.04Cr	5.59Cr	27Cr	7.75Cr
Asset Writedown	-56.17L	-	-1.71Cr	-5.44Cr	-15Cr
Other Unusual Items	-36.54L	-2.15Cr	-3L	-24.01L	62T
EBT, Incl. Unusual Items	3.92Cr	7.22Cr	6.67Cr	4.07Cr	-28Cr
Earnings From Continuing Operations	3.92Cr	7.22Cr	6.67Cr	4.07Cr	-28Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	3.92Cr	7.22Cr	6.67Cr	4.07Cr	-28Cr
Minority Interest	-	-	-	2L	38.22L
Net Income - (IS)	3.92Cr	7.22Cr	6.67Cr	4.09Cr	-28Cr
Preferred Dividend and Other Adjustments	20.75L	20.83L	21.54L	24.37L	33.55L
Net Income to Common Incl Extra Items	3.71Cr	7.01Cr	6.45Cr	3.85Cr	-28Cr
Net Income to Common Excl. Extra Items	3.71Cr	7.01Cr	6.45Cr	3.85Cr	-28Cr
Per Share Items
Net EPS - Basic	0.29	0.52	0.45	0.15	-0.74
Basic EPS - Continuing Operations	0.29	0.52	0.45	0.15	-0.74
Basic Weighted Average Shares Outstanding	13Cr	13Cr	14Cr	25Cr	38Cr
Net EPS - Diluted	0.29	0.52	0.45	0.15	-0.74
Diluted EPS - Continuing Operations	0.29	0.52	0.45	0.15	-0.74
Diluted Weighted Average Shares Outstanding	13Cr	13Cr	14Cr	25Cr	38Cr
Normalized Basic EPS	0.11	0.11	0.12	-0.17	-0.33
Normalized Diluted EPS	0.11	0.11	0.12	-0.17	-0.33
Dividend Per Share	1.2	1.2	1.22	0.73	1.24
Payout Ratio	396.47	225.16	263.21	693.73	-169.71
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	26Cr	27Cr	29Cr	56Cr	83Cr
EBITA	11Cr	11Cr	11Cr	21Cr	27Cr
EBIT	7.87Cr	7.9Cr	8.1Cr	7.89Cr	5.05Cr
EBITDAR	27Cr	28Cr	30Cr	58Cr	86Cr
Total Revenues (As Reported)	47Cr	50Cr	53Cr	93Cr	134.38Cr
Normalized Net Income	1.46Cr	1.46Cr	1.76Cr	-4.32Cr	-13Cr
Interest Capitalized	14.11L	11.42L	2L	14.09L	29.61L
Interest on Long-Term Debt	30.64L	48.15L	44.26L	85.45L	1.23Cr
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	3.2Cr	3.07Cr	3.42Cr	5.27Cr	5.84Cr
Net Rental Expense, Total	93.21L	97.56L	1.02Cr	2.06Cr	3.57Cr
Imputed Operating Lease Interest Expense	29.49L	27.48L	23.81L	64.61L	1.36Cr
Imputed Operating Lease Depreciation	63.72L	70.08L	78.11L	1.41Cr	2.21Cr
Stock-Based Comp., G&A Exp. (Total)	1.23Cr	1Cr	1.08Cr	1.43Cr	1.46Cr
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	1.23Cr	1Cr	1.08Cr	1.43Cr	1.46Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Gross Property Plant And Equipment	432.63Cr	456.47Cr	499.55Cr	1.23TCr	1.28TCr
Accumulated Depreciation	-106.13Cr	-117.55Cr	-126.12Cr	-145.7Cr	-222.69Cr
Net Property Plant And Equipment	326.5Cr	338.91Cr	373.42Cr	1.08TCr	1.06TCr
Land Held For Development Or Sale	2.46Cr	2.72Cr	2.48Cr	7.43Cr	5.99Cr
Total Real Estate Assets	328.96Cr	341.64Cr	375.91Cr	1.09TCr	1.06TCr
Cash And Equivalents	7L	1.53Cr	1.32Cr	6.1Cr	2.57Cr
Accounts Receivable, Total	8.35Cr	7.82Cr	8.49Cr	14Cr	18Cr
Other Receivables	-	-	-	71.69L	-
Investment In Debt and Equity Securities	-	-	-	2.05Cr	1.06Cr
Goodwill	35L	35L	35L	22Cr	25Cr
Other Intangibles, Total	9.18Cr	11Cr	14Cr	192.09Cr	90Cr
Notes Receivable (Collected)	-	-	-	9.96Cr	17Cr
Mortgage Loans	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	4.89Cr	7.73Cr	6.38Cr	11Cr	13Cr
Trading Asset Securities, Total	-	-	-	-	-
Deferred Charges Long-Term	1.44Cr	1.21Cr	1.03Cr	59.77L	38.67L
Other Long-Term Assets, Total	3.14Cr	9.49Cr	18Cr	36Cr	34Cr
Total Assets	356.39Cr	381.23Cr	425.89Cr	1.38TCr	1.26TCr
Liabilities
Current Portion of Long-Term Debt	2.69Cr	1.54Cr	77.83L	33Cr	54Cr
Current Portion of Leases	55.6L	57.95L	59.19L	1.78Cr	1.44Cr
Long-Term Debt	139.25Cr	160.06Cr	179.95Cr	502.5Cr	446.29Cr
Long-Term Leases	10Cr	11Cr	11Cr	34Cr	29Cr
Accounts Payable, Total	7.85Cr	8.12Cr	8.61Cr	5.74Cr	21Cr
Accrued Expenses, Total	-	-	-	19Cr	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1L	12.16L	3L	4L	3L
Unearned Revenue Non Current	-	-	-	8.73Cr	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	5.62Cr	5.44Cr	6.15Cr	13Cr	19Cr
Total Liabilities	166.38Cr	186.39Cr	207.38Cr	616.78Cr	571.43Cr
Common Stock, Total	13.47L	13.95L	15.05L	38.06L	38.1L
Additional Paid In Capital	348.5Cr	363.53Cr	397.29Cr	958.76Cr	960.26Cr
Distributions In Excess Of Earnings	-158.02Cr	-167.05Cr	-177.93Cr	-202.25Cr	-277.3Cr
Comprehensive Income and Other	-61.75L	-1.78Cr	-99.81L	21.4L	-1.07Cr
Total Common Equity	190Cr	194.84Cr	218.51Cr	757.11Cr	682.27Cr
Minority Interest	-	-	-	11Cr	10Cr
Total Equity	190Cr	194.84Cr	218.51Cr	768.18Cr	692.28Cr
Total Liabilities And Equity	356.39Cr	381.23Cr	425.89Cr	1.38TCr	1.26TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13Cr	14Cr	15Cr	38Cr	38Cr
ECS Total Common Shares Outstanding	13Cr	14Cr	15Cr	38Cr	38Cr
Book Value / Share	14.1	13.97	14.52	19.89	17.91
Tangible Book Value	180.47Cr	183.04Cr	203.99Cr	542.69Cr	566.81Cr
Tangible Book Value Per Share	13.4	13.12	13.56	14.26	14.88
Total Debt	152.9Cr	172.71Cr	192.59Cr	570.89Cr	531.15Cr
Net Debt	152.83Cr	171.18Cr	191.28Cr	564.8Cr	528.58Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	7.46Cr	7.8Cr	8.15Cr	16Cr	29Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	11Cr	10Cr
Equity Method Investments, Total	81L	7.31Cr	16Cr	33Cr	31Cr
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	29Cr	36Cr	39Cr	143.98Cr	134.33Cr
Buildings, Total	383.84Cr	404.59Cr	424.51Cr	1.03TCr	1.09TCr
Full Time Employees	297	308	338	583	584
Assets under Capital Lease - Gross	-	-	19Cr	12Cr	12Cr
Accumulated Allowance for Doubtful Accounts (Supple)	4L	6L	7L	39.54L	84.04L

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.92Cr	7.22Cr	6.67Cr	4.09Cr	-28Cr
Depreciation, Depletion & Amortization	15Cr	16Cr	17Cr	34Cr	56Cr
Amortization of Goodwill and Intangible Assets - (CF)	2.8Cr	3.1Cr	3.37Cr	13Cr	21Cr
Total Depreciation, Depletion & Amortization	18Cr	19Cr	21Cr	48Cr	78Cr
(Gain) Loss On Sale of Asset - (CF)	-2.51Cr	-7.04Cr	-5.59Cr	-27Cr	-7.75Cr
Total Asset Writedown	56.17L	-	1.71Cr	5.44Cr	15Cr
(Income) Loss On Equity Investments - (CF)	4L	7L	8L	25.68L	1.96Cr
Stock-Based Compensation (CF)	1.23Cr	99.22L	1.07Cr	2.03Cr	1.43Cr
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Payable	27.52L	45.55L	-8L	2.42Cr	-1.88Cr
Change in Other Net Operating Assets (Collected)	-13.99L	-54.06L	-76.89L	-5.7Cr	-5.21Cr
Other Operating Activities	-14.63L	26Cr	-46.94L	-2.02Cr	-3.81Cr
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	21Cr	47Cr	23Cr	27Cr	50Cr
Acquisition of Real Estate Assets, Total	-47Cr	-49Cr	-47Cr	-60Cr	-32Cr
Sale of Real Estate Assets, Total	5.24Cr	48.98L	18Cr	120.11Cr	70Cr
Net Sale / Acquisition of Real Estate Assets	-42Cr	-49Cr	-29Cr	60Cr	38Cr
Cash Acquisitions	-	-	-	115.98Cr	-
Divestitures	-	-	-	-	13.89L
Investment in Marketable and Equity Securities, Total	-	-6.57Cr	-8.96Cr	-10Cr	-38.24L
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-19Cr	-2.43Cr	-2.86Cr
Other Investing Activities, Total	-	-	-	16.88L	-
Cash from Investing	-42Cr	-56Cr	-56Cr	163.44Cr	35Cr
Long-Term Debt Issued, Total	8.1Cr	75Cr	21Cr	71Cr	-
Total Debt Issued	8.1Cr	75Cr	21Cr	71Cr	-
Long-Term Debt Repaid, Total	-1.42Cr	-61Cr	-3.37Cr	-116.37Cr	-40Cr
Total Debt Repaid	-1.42Cr	-61Cr	-3.37Cr	-116.37Cr	-40Cr
Issuance of Common Stock	30Cr	14Cr	33Cr	2.29Cr	1L
Repurchase of Common Stock	-50.97L	-14.36L	-38.03L	-31.92L	-22.98L
Common Dividends Paid	-16Cr	-16Cr	-18Cr	-28Cr	-47Cr
Common & Preferred Stock Dividends Paid	-16Cr	-16Cr	-18Cr	-28Cr	-47Cr
Special Dividend Paid	-	-	-	-112.36Cr	-
Other Financing Activities, Total	-45.89L	-1.02Cr	-4L	-1.44Cr	-56.52L
Cash from Financing	20Cr	9.97Cr	33Cr	-185.93Cr	-88Cr
Net Change in Cash	-77.24L	1.46Cr	-21.28L	4.78Cr	-3.53Cr
Supplemental Items
Cash Interest Paid	5.4Cr	5.28Cr	4.94Cr	11Cr	22Cr
Cash Income Tax Paid (Refund)	5L	-	-	-	-
Net Debt Issued / Repaid	6.68Cr	13Cr	18Cr	-46Cr	-40Cr
Levered Free Cash Flow	17Cr	11Cr	14Cr	24Cr	26Cr
Unlevered Free Cash Flow	20Cr	14Cr	18Cr	33Cr	42Cr
Change In Net Working Capital	-2.21Cr	1.94Cr	-97.61L	4.34Cr	17Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.46	1.34	1.25	0.54	0.24
Return on Total Capital	1.52	1.39	1.3	0.56	0.25
Return On Equity %	2.17	3.75	3.23	0.82	-3.86
Return on Common Equity	2.05	3.64	3.12	0.79	-3.91
Margin Analysis
Gross Profit Margin %	61.34	60.09	59.49	62.72	62.56
SG&A Margin	6.8	6.15	6.4	5.66	4.35
EBITDA Margin %	55.22	54.88	53.87	59.76	61.58
EBITA Margin %	22.7	22.04	21.49	22.81	19.77
EBIT Margin %	16.74	15.83	15.17	8.47	3.76
Income From Continuing Operations Margin %	8.33	14.47	12.49	4.37	-21.02
Net Income Margin %	8.33	14.47	12.49	4.39	-20.73
Net Avail. For Common Margin %	7.89	14.05	12.09	4.13	-20.98
Normalized Net Income Margin	3.1	2.92	3.29	-4.63	-9.34
Levered Free Cash Flow Margin	35.12	21.18	26.94	25.96	19.38
Unlevered Free Cash Flow Margin	42.49	28.22	33.16	35.9	31.42
Asset Turnover
Asset Turnover	0.14	0.14	0.13	0.1	0.1
Fixed Assets Turnover	0.15	0.15	0.15	0.13	0.12
Receivables Turnover (Average Receivables)	5.68	6.09	6.43	8.14	8.17
Short Term Liquidity
Current Ratio	1.2	1.65	1.62	0.69	0.67
Quick Ratio	0.76	0.9	0.98	0.35	0.27
Operating Cash Flow to Current Liabilities	1.92	4.54	2.32	0.46	0.65
Days Sales Outstanding (Average Receivables)	64.25	60.12	56.78	44.86	44.66
Average Days Payable Outstanding	159.59	146.8	141.2	39.09	165.63
Long Term Solvency
Total Debt/Equity	80.47	88.64	88.14	74.32	76.72
Total Debt / Total Capital	44.59	46.99	46.85	42.63	43.41