Healthcare Realty Trust Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:26 am EDT
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Healthcare Realty Trust Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 329.68 million compared to USD 140.63 million a year ago. Revenue was USD 338.14 million compared to USD 145.33 million a year ago. Net loss was USD 82.76 million compared to net income of USD 6.13 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the six months, sales was USD 653.77 million compared to USD 279.12 million a year ago. Revenue was USD 671.07 million compared to USD 288.22 million a year ago. Net loss was USD 169.88 million compared to net income of USD 48.36 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to basic earnings per share from continuing operations of USD 0.32 a year ago. Diluted loss per share from continuing operations was USD 0.45 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around hospital campuses. The Company selectively grows its portfolio through property acquisition and development. Its portfolio includes nearly 700 properties totaling over 40 million square feet concentrated in 15 growth markets. The Company engages in a broad spectrum of integrated services, including leasing, management, acquisition, financing, development, and redevelopment of such properties. It focuses on facilities primarily located on or near the campuses of acute care hospitals associated with health systems. The Companyâs properties in high-growth markets with a broad tenant mix that includes over 30 physician specialties, as well as surgery, imaging, cancer, and diagnostic centers. The Companyâs real estate portfolio is leased to a diverse tenant base.