Healthcare Realty Trust Q1 Adj. FFO $0.39 Beats $0.38 Estimate, Sales $326.81M Miss $326.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Healthcare Realty Trust (NYSE:HR) reported Q1 adjusted FFO of $0.39 per share, surpassing the consensus estimate of $0.38, but saw a 2.5% decrease from the previous year's $0.40. Sales were $326.81M, slightly missing the estimate of $326.89M, and marking a 1.84% decrease from last year's $332.93M.
May 07, 2024 | 12:31 pm
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Healthcare Realty Trust reported a Q1 adjusted FFO of $0.39, beating estimates but with a slight year-over-year decrease. Sales missed estimates marginally and also decreased compared to last year.
While HR beat the FFO estimate, the slight miss in sales and the year-over-year decrease in both FFO and sales could lead to mixed reactions in the short term. The beat on FFO estimates is positive, but the sales miss and decreases compared to last year might temper any potential positive impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100