Healthcare Realty Trust Inc
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
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Condensed Consolidated Statements of Operations
For the Three and Six Months Ended June 30, 2024 and 2023
| THREE MONTHS ENDED June 30, | SIX MONTHS ENDED June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Rental income | $308,135 | $329,680 | $626,211 | $653,773 |
| Interest income | 3,865 | 4,233 | 8,403 | 8,448 |
| Other operating | 4,322 | 4,230 | 8,513 | 8,847 |
| 316,322 | 338,143 | 643,127 | 671,068 | |
| Expenses | ||||
| Property operating | 117,719 | 125,395 | 238,798 | 247,436 |
| General and administrative | 14,002 | 15,464 | 28,788 | 30,399 |
| Transaction costs | 431 | 669 | 826 | 956 |
| Merger-related costs | — | (15,670) | — | (10,815) |
| Depreciation and amortization | 173,477 | 183,193 | 351,596 | 367,671 |
| 305,629 | 309,051 | 620,008 | 635,647 | |
| Other income (expense) | ||||
| Gain on sales of real estate properties and other assets | 38,338 | 7,156 | 38,360 | 8,162 |
| Interest expense | (62,457) | (65,334) | (123,510) | (129,092) |
| Impairment of real estate properties and credit loss reserves | (132,118) | (55,215) | (148,055) | (86,637) |
| Impairment of goodwill | — | — | (250,530) | — |
| Equity loss from unconsolidated joint ventures | (146) | (17) | (568) | (797) |
| Interest and other (expense) income, net | (248) | 592 | 27 | 1,139 |
| (156,631) | (112,818) | (484,276) | (207,225) | |
| Net loss | $(145,938) | $(83,726) | $(461,157) | $(171,804) |
| Net loss attributable to non-controlling interests | 2,158 | 967 | 6,541 | 1,920 |
| Net loss attributable to common stockholders | $(143,780) | $(82,759) | $(454,616) | $(169,884) |
| Basic earnings per common share | $(0.39) | $(0.22) | $(1.22) | $(0.45) |
| Diluted earnings per common share | $(0.39) | $(0.22) | $(1.22) | $(0.45) |
| Weighted average common shares outstanding - basic | 372,477 | 378,897 | 375,962 | 378,861 |
| Weighted average common shares outstanding - diluted | 372,477 | 378,897 | 375,962 | 378,861 |
The accompanying notes, together with the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, are an integral part of these financial statements.
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