Market News AIOpen the app

Healthcare Realty Trust shared its earnings for the third quarter, showing $0.42 profit per share and 5.1% growth.

ResultsRead the original at Benzinga
Good for HR

Healthcare Realty Trust reported growing property income, higher rents, and fuller buildings, then raised its full-year forecast for the third time. Higher rates weigh on property shares, but management said they have not hurt the business, so the company news points up.

HR · Healthcare Realty Trust

AI read · Good for HR

The AI's read

Higher rents and fuller buildings can bring in more property income and support the company’s results. Cash rent increases reached 8.6%, and occupancy in the same buildings reached 93.1%. Higher rates remain a concern for property companies. Management said they have not hurt its business results, so the rent gains, occupancy improvement, and raised forecast carry more weight.

Get alerts for HR

Follow Healthcare Realty Trust (HR) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for HR
Free on the App Store and Google Play, or on the web.