Healthcare Realty Trust reported its third‑quarter 2025 financial results, completing 333 new and renewal leases for 1.6 million square feet and selling 15 assets for $404 million in proceeds.
The company’s net debt to adjusted EBITDA fell to 5.8×, and liquidity rose to $1.3 billion after fully repaying a $151 million term loan due May 2027.
Management raised its full‑year guidance for Normalized FFO per share and Same‑Store Cash NOI growth, citing sustained leasing momentum and operational improvements under the company’s Healthcare Realty 2.0 strategy.
A common‑stock dividend of $0.24 per share was approved, payable on November 21, 2025, following a dividend cut in the second quarter.
The company’s strategic overhaul has shifted focus from transaction‑oriented activity to an operations‑oriented model, strengthening the balance sheet through asset dispositions and debt reduction.
Management highlighted strong demand from leading healthcare systems, noting that health‑system leasing comprised approximately 48% of signed lease volume in the quarter and expressed confidence in continued growth.
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