Healthcare Realty Trust Incorporated (HR) Stock Analysis
Real Estate · REIT - Healthcare Facilities · NYSE
Healthcare Realty Trust Incorporated (HR) posted $1.18B in revenue for fiscal 2025 (down 6.9% year over year), with a net loss of $246.07M, and has compounded revenue about 18.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Healthcare Realty Trust Incorporated
Healthcare Realty Trust Incorporated has grown revenue from $460.93M to $1.18B over the last 10 fiscal years, compounding about 18.8% a year. The most recent year was down 6.9%, so growth has cooled from its longer-run pace.
Net margin sits at -20.8%, up 30.8 points year over year. It carries about $3.91B of total debt.
At today's valuation the market is pricing in roughly 21% annual free-cash-flow growth — versus the -3.4% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Healthcare Realty Trust Incorporated's SEC filings — descriptive, not advice. Ask the analyst your own question →
Healthcare Realty Trust Incorporated revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $460.93M | $613.99M | $696.43M | $692.04M | $499.63M | $534.82M | $932.64M | $1.34B | $1.27B | $1.18B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $45.91M | $63.92M | $213.46M | $30.15M | $72.19M | $66.66M | $40.90M | $-278.26M | $-654.49M | $-246.07M |
| Net margin | 10.0% | 10.4% | 30.7% | 4.4% | 14.4% | 12.5% | 4.4% | -20.7% | -51.6% | -20.8% |
Source: Healthcare Realty Trust Incorporated SEC filings (10-K). 17 years of history available in the interactive view.
Healthcare Realty Trust Incorporated: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $3911.4M is 8.6× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -20.8%).
What growth is priced into HR stock?
At today's market cap of $7.19B, Healthcare Realty Trust Incorporated is priced for free-cash-flow growth of about 21% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $135.47M from the FY ending 2021-12-31). For comparison, free cash flow actually grew -3.4%/yr over the last five fiscal years and revenue 18.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Healthcare Realty Trust Incorporated financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeHealthcare Realty Trust Incorporated financial history by metric
Compare Healthcare Realty Trust Incorporated with peers
About Healthcare Realty Trust Incorporated
Healthcare Realty Trust Incorporated 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 of September 30, 2025, the Company was invested in 579 real estate properties in 28 states totaling 33.6 million square feet and had an enterprise value of approximately 11.1 billion dollars, defined as equity market capitalization plus the principal amount of debt less cash. Healthcare Realty Trust Incorporated was incorporated in 1992 and is based in Nashville, United States.
Healthcare Realty Trust Incorporated — frequently asked questions
What is Healthcare Realty Trust Incorporated's revenue?
Healthcare Realty Trust Incorporated (HR) reported revenue of $1.18B for fiscal year 2025, down 6.9% from the prior year, according to its SEC filings.
Is Healthcare Realty Trust Incorporated profitable?
No — HR reported a net loss of $-246.07M in fiscal 2025.
What is HR's P/E ratio?
Healthcare Realty Trust Incorporated trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Healthcare Realty Trust Incorporated growing?
HR's revenue grew at roughly 18.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Healthcare Realty Trust Incorporated have?
As of fiscal year 2025, HR carried roughly $3.91B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Healthcare Realty Trust Incorporated's market cap?
Healthcare Realty Trust Incorporated (HR) has a market capitalization of about $7.19B, based on the latest data in our nightly-refreshed cache.
When does Healthcare Realty Trust Incorporated's fiscal year end?
HR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into HR stock?
At today's market cap of $7.19B, Healthcare Realty Trust Incorporated is priced for free-cash-flow growth of about 21% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $135.47M from the FY ending 2021-12-31). For comparison, free cash flow actually grew -3.4%/yr over the last five fiscal years and revenue 18.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Healthcare Realty Trust Incorporated's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.