HR Healthcare Realty Trust (HR) Q2 FY26 earnings call
Healthcare Realty Trust delivered strong Q2 FY26 results, outperforming key strategic objectives with robust same-store NOI growth and occupancy gains. The company successfully addressed debt maturities and executed accretive capital allocation through JV acquisitions and redevelopments, while maintaining a disciplined approach to balance sheet management and shareholder returns. Management is focused on scaling its medical office model and driving mid-single-digit earnings growth.
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HR operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.