HR Healthcare Realty (HR) Q1 FY26 earnings call
Healthcare Realty delivered a strong Q1 FY26, exceeding expectations with record leasing activity and same-store NOI growth, prompting an early-year guidance raise. The company is actively executing its 'Healthcare Realty 2.0' strategy, focusing on organic growth drivers and disciplined capital allocation across stock buybacks, joint venture acquisitions, and redevelopments. Management expressed confidence in achieving mid-single-digit core earnings growth, aiming to redefine the sector's growth profile.
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HR operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Retention rate | 93.5%During the first quarter, our retention rate was 93.5%.Source: earnings call transcript | 88.5%Tenant retention was a standout at 88.5%, helping drive approximately 25 basis points of absorption and lifting same-store occupancy to nearly 93%.Source: earnings call transcript | -5 pt |
| Capital expenditures Redevelopment portfolio | $25MWe bought back $100 million of stock, we completed in excess of $20 million of acquisitions and we invested $25 million in our redevelopment portfolio.Source: earnings call transcript | ~$25MDuring the quarter, we invested approximately $25 million in this portfolio, and we have leased it up to 67% an improvement of 1,400 basis points over the last 4 quarters.Source: earnings call transcript | — |
| Properties Redevelopment | 23Third, redevelopment, which currently consists of 23 properties that are 64% pre-leased.Source: earnings call transcript | ~25We've got around 25 assets in redevelopment today.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.