10-Q quarterly report · filed Aug 1, 2017

Healthcare Realty Trust Inc (HR) Q2 2017 10-Q Quarterly Report

Short answer

Healthcare Realty Trust Inc (HR) filed its Q2 2017 10-Q quarterly report on Aug 1, 2017 for the quarter ended Jun 30, 2017.

Healthcare Realty Trust Inc Q2 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $139.9M, up 23.5% YoY, driven by 2016 and 2017 acquisitions
  • Net loss $(5.9)M vs net income $13.1M YoY, FFO $0.30 per share vs $0.38
  • NOI $96.4M, up 23.3% YoY, Same-Property Cash NOI $75.0M, up 3.1%
  • Operating cash flow $140.5M, up from $96.4M, with $2.2B invested in real estate
  • Duke Acquisition headwind: $10.4M debt-extinguishment loss, $5.1M impairment, 2017 capital spending $20.0M to $30.0M forecast

Risk Factors

  • New Duke Acquisition integration risk: management diversion, asset underperformance and unexpected liabilities
  • Most material update: limited diligence and “as is” terms restrict recourse for post-closing losses
  • REIT compliance risk: acquired non-qualifying assets or income could require ownership through taxable REIT subsidiaries
  • Operational risk: portfolio expansion may delay existing development, redevelopment and acquisition pipelines
  • Financing risk: increased capital requirements could drive additional debt or dilutive equity issuance

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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