Healthcare Realty Trust Incorporated reported its financial results for the third quarter and the first nine months of 2025, revealing a decline in both revenue and net income compared to the same periods in 2024. For the three months ended September 30, 2025, the company generated total revenues of $297.8 million, down from $315.4 million in the prior year, primarily due to a decrease in rental income, which fell to $287.4 million from $306.5 million. The net loss attributable to common stockholders for the quarter was $57.7 million, or $(0.17) per share, compared to a loss of $93.0 million, or $(0.26) per share, in the same quarter of 2024.
Over the nine-month period, total revenues decreased to $894.2 million from $958.6 million, with rental income also declining to $863.3 million from $932.7 million. The net loss attributable to common stockholders for the nine months was $260.5 million, or $(0.75) per share, compared to a loss of $547.6 million, or $(1.49) per share, in the previous year. The company attributed these changes to property dispositions and the impact of leasing activity, which included both increases and decreases in rental income.
In terms of operational developments, Healthcare Realty Trust completed the sale of 31 medical outpatient properties and two land parcels during the nine months ended September 30, 2025, generating net proceeds of approximately $447.3 million. The company also recognized gains on the sale of real estate properties totaling $99.7 million for the nine-month period, compared to $77.7 million in the prior year. As of September 30, 2025, the company had 519 consolidated real estate properties across 28 states, totaling approximately 29.8 million square feet.
The company’s total assets decreased to $9.86 billion as of September 30, 2025, down from $10.65 billion at the end of 2024. Total liabilities also decreased to $5.11 billion from $5.35 billion. The company’s cash and cash equivalents stood at $43.3 million, a decline from $68.9 million at the end of the previous year. The company’s employee headcount remained stable, with no significant changes reported.
Looking ahead, Healthcare Realty Trust expects to continue facing challenges related to market conditions and the performance of its tenants, particularly in light of the recent bankruptcy filings by some healthcare systems. The company remains focused on managing its portfolio and optimizing its operations while navigating the complexities of the current economic environment. The management believes that its liquidity and capital resources are adequate to meet its ongoing needs, including funding investments and paying dividends.
About Healthcare Realty Trust Inc
Healthcare Realty Trust Incorporated is a self-managed REIT specializing in owning, leasing, managing, and developing outpatient healthcare properties across the U.S. Its portfolio includes medical offices, outpatient facilities, and specialized healthcare buildings, primarily leased to healthcare providers and systems. The company focuses on high-growth markets, diversified tenant bases, and integrated services to generate stable income and support healthcare delivery in outpatient settings.
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