10-Q quarterly report · filed Aug 3, 2018

Healthcare Realty Trust Inc (HR) Q2 2018 10-Q Quarterly Report

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Healthcare Realty Trust Inc (HR) filed its Q2 2018 10-Q quarterly report on Aug 3, 2018 for the quarter ended Jun 30, 2018.

Healthcare Realty Trust Inc Q2 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $173.3M, up 23.9% YoY from $139.9M
  • Net income $15.7M vs $(5.9)M YoY, NOI margin 69.1% vs 68.9%
  • Best performance: acquisitions, contributing $21.9M incremental NOI; same-property Cash NOI $77.9M, up 2.6%
  • Operating cash flow $156.1M, up from $140.5M; capital expenditures $34.1M and development spending $23.9M
  • Liquidity $1.0B, including $26.2M cash and $994.5M revolver availability; near-term headwinds, occupancy and rental-rate pressure could reduce cash flow

Risk Factors

  • Newly added benchmark risk: LIBOR replacement-rate provisions triggered by potential unavailability of published LIBOR
  • Most materially updated financial risk: Term-loan maturity extended to January 15, 2024
  • Interest-rate risk: Applicable LIBOR margin revised to 0.75% to 1.65% based on credit rating
  • Compliance risk: Beneficial-ownership certifications required under 31 C.F.R. § 1010.230
  • Liquidity risk: Non-revolving term-loan facility initially capped at $200,000,000

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

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