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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 5, 2023 (October 5, 2023)
Healthcare Realty Trust Incorporated
(Exact name of registrant as specified in its charter)
Maryland001-3556820-4738467
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
3310 West End Avenue, Suite 700Nashville,Tennessee37203
(615)
269-8175
(Address of Principal Executive Office and Zip Code)
(Registrant’s telephone number, including area code)
www.healthcarerealty.com
(Internet address)

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.01 par value per shareHRNew York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
☐Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐









Item 7.01Regulation FD Disclosure.
Investor Presentation
On October 5, 2023, Healthcare Realty Trust Incorporated (the “Company”) posted to its website (www.healthcarerealty.com) an investor presentation to provide an update on some key leasing and financial metrics and its investment strategy for the remainder of 2023.
Item 8.01Other Events.
Additionally, the Company issued a press release providing an update on its year-to-date disposition and new leasing activity. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
99.1 
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 Healthcare Realty Trust Incorporated  
Date: October 5, 2023By:/s/ J. Christopher Douglas   
  Name: J. Christopher Douglas 
  Title: Executive Vice President - Chief Financial Officer 





Exhibit 99.1
Ron Hubbard
Vice President, Investor Relations
P: 615.269.8290
News Release
HEALTHCARE REALTY TRUST PUBLISHES INVESTOR DAY PRESENTATION AND PROVIDES UPDATE ON ASSET SALES AND NEW LEASING MOMENTUM


NASHVILLE, Tennessee, October 5, 2023 - Healthcare Realty Trust Incorporated (NYSE:HR) today published a presentation in advance of an investor event in Raleigh, NC on October 5, 2023. The event will include property tours and a presentation from senior management. The presentation is available at the investor relations section of the Company’s website at http://investors.healthcarerealty.com.

The Company announced the completion of $209 million of asset sales since June 2023 bringing year-to-date dispositions to $318 million. The Company affirmed its 2023 dispositions guidance of $350 to $450 million and narrowed its expected cap rate range to 6.5% to 7.0%. The Company expects to sell additional properties under contract for approximately $71 million by year-end. The Company also has properties totaling $239 million under letter of intent to sell with closings expected to be completed in fourth quarter 2023 and first quarter 2024. In aggregate, these closed and expected dispositions totaling over $600 million will enhance the quality and growth profile of the Company by increasing portfolio exposure to higher-growth, multi-tenant, on-campus medical outpatient buildings. Proceeds from these sales are expected to fund development obligations and repay floating rate debt.

Healthcare Realty signed a record volume of new leases totaling 447,000 square feet in the third quarter, improving from 376,000 in the second quarter and 240,000 in the first quarter. New leasing momentum for the legacy HTA properties was particularly strong, representing 62% of activity year-to-date, while comprising approximately one-half of the multi-tenant portfolio. New signed leases at the legacy HTA properties totaled 269,000 square feet in the third quarter, up from 244,000 in the second quarter and 150,000 in the first quarter. Occupancy is expected to be flat for the third quarter 2023, but is expected to increase in 2024 based on the new leasing described above.

“We are pleased to report positive momentum on Healthcare Realty’s top two priorities – new leasing activity and asset sales. Strong new leasing momentum in 2023, especially in the third quarter, strengthens our ability to deliver occupancy gains in 2024,” commented Todd Meredith, President and CEO. “Progress on asset sales will reduce variable rate debt, lower our leverage, and improve the quality of our portfolio.”

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.





Exhibit 99.1

Additional information regarding the Company can be found at www.healthcarerealty.com.


In addition to the historical information contained within, the matters discussed in this press release may contain forward-looking statements that involve risks and uncertainties. These risks are discussed in filings with the Securities and Exchange Commission by Healthcare Realty Trust, including its Annual Report on Form 10-K for the year ended December 31, 2022 under the heading “Risk Factors,” and as updated in its Quarterly Reports on Form 10-Q filed thereafter. Forward-looking statements represent the Company’s judgment as of the date of this release. The Company disclaims any obligation to update forward-looking statements.




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v3.23.3
Cover Page
Oct. 05, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 05, 2023
Entity Registrant Name Healthcare Realty Trust Incorporated
Entity Incorporation, State or Country Code MD
Entity File Number 001-35568
Entity Tax Identification Number 20-4738467
Entity Address, Address Line One 3310 West End Avenue, Suite 700
Entity Address, City or Town Nashville,
Entity Address, State or Province TN
Entity Address, Postal Zip Code 37203
City Area Code (615)
Local Phone Number 269-8175
Title of 12(b) Security Class A Common Stock, $0.01 par value per share
Trading Symbol HR
Security Exchange Name NYSE
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001360604
Amendment Flag false
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