Cash flow 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%		-0.33%	+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	462M	492M	520M	907M	1.31B
Interest Income On Mortgage Securities	-	-	-	-	-
Interest and Investment Income, Total (Revenue Block)	200K	300K	4.39M	11.48M	17.13M
Other Revenues, Total	7.72M	6.3M	8.91M	12.49M	15.77M
Total Revenues	470M	499M	534M	931M	1.34B
Property Expenses	182M	199M	216M	347M	502M
Selling General & Admin Expenses, Total	31.97M	30.7M	34.15M	52.73M	58.4M
Depreciation & Amortization - (IS) - (Collected)	178M	190M	203M	453M	731M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	-155K	-304K	-383K	-525K	-
Total Operating Expenses	391M	420M	453M	853M	1.29B
Operating Income (REIT / Utility Template)	78.72M	78.95M	80.95M	78.87M	50.51M
Interest Expense, Total	-55.44M	-56.17M	-53.12M	-148M	-259M
Interest and Investment Income	89K	559K	200K	-	1.34M
Net Interest Expenses	-55.35M	-55.62M	-52.92M	-148M	-257M
Income (Loss) on Equity Invest.	-19K	-	-	-	-
Other Non Operating Income (Expenses)	-	-	91K	-	-
EBT, Excl. Unusual Items	23.36M	23.34M	28.12M	-69.37M	-207M
Total Merger & Related Restructuring Charges	-	-	-	-103M	1.95M
Gain (Loss) on Sale of Assets	25.1M	70.36M	55.94M	270M	77.55M
Asset Writedown	-5.62M	-	-17.1M	-54.43M	-155M
Other Unusual Items	-3.65M	-21.5M	-300K	-2.4M	62K
EBT, Incl. Unusual Items	39.18M	72.2M	66.66M	40.69M	-282M
Earnings From Continuing Operations	39.18M	72.2M	66.66M	40.69M	-282M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	39.18M	72.2M	66.66M	40.69M	-282M
Minority Interest	-	-	-	204K	3.82M
Net Income - (IS)	39.18M	72.2M	66.66M	40.9M	-278M
Preferred Dividend and Other Adjustments	2.08M	2.08M	2.15M	2.44M	3.36M
Net Income to Common Incl Extra Items	37.11M	70.11M	64.5M	38.46M	-282M
Net Income to Common Excl. Extra Items	37.11M	70.11M	64.5M	38.46M	-282M
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	128M	134M	143M	252M	379M
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	128M	134M	143M	254M	379M
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	260M	274M	287M	557M	826M
EBITA	107M	110M	115M	212M	265M
EBIT	78.72M	78.95M	80.95M	78.87M	50.51M
EBITDAR	269M	284M	298M	577M	862M
Total Revenues (As Reported)	470M	500M	535M	933M	1.34B
Normalized Net Income	14.6M	14.59M	17.58M	-43.15M	-125M
Interest Capitalized	1.41M	1.14M	221K	1.41M	2.96M
Interest on Long-Term Debt	3.06M	4.82M	4.43M	8.54M	12.25M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	31.97M	30.7M	34.15M	52.73M	58.4M
Net Rental Expense, Total	9.32M	9.76M	10.19M	20.6M	35.69M
Imputed Operating Lease Interest Expense	2.95M	2.75M	2.38M	6.46M	13.55M
Imputed Operating Lease Depreciation	6.37M	7.01M	7.81M	14.14M	22.14M
Stock-Based Comp., G&A Exp. (Total)	12.28M	10M	10.8M	14.3M	14.6M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	12.28M	10M	10.8M	14.3M	14.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Gross Property Plant And Equipment	4.33B	4.56B	5B	12.29B	12.78B
Accumulated Depreciation	-1.06B	-1.18B	-1.26B	-1.46B	-2.23B
Net Property Plant And Equipment	3.26B	3.39B	3.73B	10.84B	10.55B
Land Held For Development Or Sale	24.65M	27.23M	24.85M	74.26M	59.87M
Total Real Estate Assets	3.29B	3.42B	3.76B	10.91B	10.61B
Cash And Equivalents	657K	15.3M	13.18M	60.96M	25.7M
Accounts Receivable, Total	83.53M	78.22M	84.86M	138M	182M
Other Receivables	-	-	-	7.17M	-
Investment In Debt and Equity Securities	-	-	-	20.52M	10.64M
Goodwill	3.5M	3.5M	3.5M	223M	251M
Other Intangibles, Total	91.8M	114M	142M	1.92B	904M
Notes Receivable (Collected)	-	-	-	99.64M	174M
Mortgage Loans	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	48.94M	77.35M	63.76M	105M	131M
Trading Asset Securities, Total	-	-	-	-	-
Deferred Charges Long-Term	14.4M	12.1M	10.3M	5.98M	3.87M
Other Long-Term Assets, Total	31.4M	94.94M	183M	358M	343M
Total Assets	3.56B	3.81B	4.26B	13.85B	12.64B
Liabilities
Current Portion of Long-Term Debt	26.87M	15.37M	7.78M	331M	544M
Current Portion of Leases	5.56M	5.8M	5.92M	17.78M	14.44M
Long-Term Debt	1.39B	1.6B	1.8B	5.03B	4.46B
Long-Term Leases	104M	105M	113M	335M	290M
Accounts Payable, Total	78.52M	81.17M	86.11M	57.35M	212M
Accrued Expenses, Total	-	-	-	187M	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	145K	1.22M	294K	437K	295K
Unearned Revenue Non Current	-	-	-	87.32M	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	56.22M	54.44M	61.47M	127M	191M
Total Liabilities	1.66B	1.86B	2.07B	6.17B	5.71B
Common Stock, Total	1.35M	1.4M	1.5M	3.81M	3.81M
Additional Paid In Capital	3.49B	3.64B	3.97B	9.59B	9.6B
Distributions In Excess Of Earnings	-1.58B	-1.67B	-1.78B	-2.02B	-2.77B
Comprehensive Income and Other	-6.18M	-17.83M	-9.98M	2.14M	-10.74M
Total Common Equity	1.9B	1.95B	2.19B	7.57B	6.82B
Minority Interest	-	-	-	111M	100M
Total Equity	1.9B	1.95B	2.19B	7.68B	6.92B
Total Liabilities And Equity	3.56B	3.81B	4.26B	13.85B	12.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	135M	140M	151M	381M	381M
ECS Total Common Shares Outstanding	135M	139M	150M	381M	381M
Book Value / Share	14.1	13.97	14.52	19.89	17.91
Tangible Book Value	1.8B	1.83B	2.04B	5.43B	5.67B
Tangible Book Value Per Share	13.4	13.12	13.56	14.26	14.88
Total Debt	1.53B	1.73B	1.93B	5.71B	5.31B
Net Debt	1.53B	1.71B	1.91B	5.65B	5.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	74.57M	78.05M	81.54M	165M	285M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	111M	100M
Equity Method Investments, Total	8.1M	73.14M	162M	327M	312M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	290M	363M	388M	1.44B	1.34B
Buildings, Total	3.84B	4.05B	4.25B	10.26B	10.88B
Full Time Employees	297	308	338	583	584
Assets under Capital Lease - Gross	-	-	187M	120M	123M
Accumulated Allowance for Doubtful Accounts (Supple)	418K	604K	654K	3.95M	8.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	39.18M	72.2M	66.66M	40.9M	-278M
Depreciation, Depletion & Amortization	153M	164M	173M	344M	561M
Amortization of Goodwill and Intangible Assets - (CF)	28M	31M	33.7M	134M	215M
Total Depreciation, Depletion & Amortization	181M	195M	207M	478M	776M
(Gain) Loss On Sale of Asset - (CF)	-25.1M	-70.36M	-55.94M	-270M	-77.55M
Total Asset Writedown	5.62M	-	17.1M	54.43M	155M
(Income) Loss On Equity Investments - (CF)	400K	656K	795K	2.57M	19.56M
Stock-Based Compensation (CF)	12.28M	9.92M	10.73M	20.35M	14.29M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Payable	2.75M	4.56M	-839K	24.19M	-18.78M
Change in Other Net Operating Assets (Collected)	-1.4M	-5.41M	-7.69M	-57M	-52.12M
Other Operating Activities	-1.46M	264M	-4.69M	-20.18M	-38.13M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	213M	470M	233M	273M	500M
Acquisition of Real Estate Assets, Total	-471M	-494M	-471M	-604M	-321M
Sale of Real Estate Assets, Total	52.4M	4.9M	184M	1.2B	701M
Net Sale / Acquisition of Real Estate Assets	-419M	-490M	-286M	597M	380M
Cash Acquisitions	-	-	-	1.16B	-
Divestitures	-	-	-	-	1.39M
Investment in Marketable and Equity Securities, Total	-	-65.66M	-89.6M	-99.97M	-3.82M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-186M	-24.33M	-28.6M
Other Investing Activities, Total	-	-	-	1.69M	-
Cash from Investing	-419M	-555M	-562M	1.63B	349M
Long-Term Debt Issued, Total	81M	747M	210M	706M	-
Total Debt Issued	81M	747M	210M	706M	-
Long-Term Debt Repaid, Total	-14.24M	-615M	-33.74M	-1.16B	-404M
Total Debt Repaid	-14.24M	-615M	-33.74M	-1.16B	-404M
Issuance of Common Stock	296M	142M	331M	22.9M	130K
Repurchase of Common Stock	-5.1M	-1.44M	-3.8M	-3.19M	-2.3M
Common Dividends Paid	-155M	-163M	-175M	-284M	-472M
Common & Preferred Stock Dividends Paid	-155M	-163M	-175M	-284M	-472M
Special Dividend Paid	-	-	-	-1.12B	-
Other Financing Activities, Total	-4.59M	-10.2M	-405K	-14.45M	-5.65M
Cash from Financing	198M	99.72M	328M	-1.86B	-884M
Net Change in Cash	-7.72M	14.65M	-2.13M	47.79M	-35.26M
Supplemental Items
Cash Interest Paid	53.98M	52.79M	49.44M	113M	216M
Cash Income Tax Paid (Refund)	543K	-	-	-	-
Net Debt Issued / Repaid	66.76M	132M	176M	-457M	-404M
Levered Free Cash Flow	165M	106M	144M	242M	260M
Unlevered Free Cash Flow	200M	141M	177M	334M	422M
Change In Net Working Capital	-22.07M	19.4M	-9.76M	43.41M	169M

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