Healthcare Realty Trust INC: directors' dealings · United States · SEC (Form 4)

About Healthcare Realty Trust INC

Healthcare Realty Trust Incorporated (NYSE: HR) is a US-listed real estate investment trust focused on outpatient healthcare real estate. Its business model is centered on owning, leasing, managing, acquiring, financing, developing, and redeveloping income-producing properties tied primarily to outpatient medical services, especially medical office buildings and facilities located on or adjacent to hospital campuses. The company describes itself as a pure-play medical outpatient REIT in the United States, with a nationwide footprint and a strategic emphasis on high-quality locations near leading healthcare systems. ([healthcarerealty.com](https://www.healthcarerealty.com/company-profile/?utm_source=openai)) Founded in 1992, Healthcare Realty has built scale over several decades in a property niche that tends to benefit from defensive demand characteristics. The investment case is supported by secular healthcare trends, notably population aging, expanding outpatient utilization, and the continued migration of care away from higher-cost acute settings toward ambulatory facilities. Its headquarters are in Nashville, Tennessee, which places the company in one of the major US hubs for healthcare services and specialized real estate operations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1360604/000136060425000049/a2024annualreport-web.htm?utm_source=openai)) From a competitive standpoint, HR is one of the larger publicly traded operators in the US medical office building universe. The company highlights its scale, long-standing relationships with top health systems, and concentration in campus-adjacent assets as key differentiators. Its platform includes wholly owned real estate, development projects, redevelopment activity, financing receivables, and interests in joint ventures, giving it a broader operating toolkit than a simple net-lease owner. As of September 30, 2025, HR reported gross investments of approximately $10.4 billion across 519 consolidated real estate properties, underscoring its national reach. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1360604/000136060425000112/hr-20250930.htm?utm_source=openai)) Healthcare Realty’s core services are fundamentally real-estate driven: leasing medical space, property management, asset management, development, redevelopment, and related financing solutions. The company’s tenants are typically hospitals, physician groups, and healthcare operators that value proximity to hospital campuses and buildings configured for outpatient care delivery. Its portfolio spans multiple US states, which helps diversify local market exposure and tenant demand. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1360604/000136060425000112/hr-20250930.htm?utm_source=openai)) Recent developments point to an active portfolio repositioning strategy. In February 2026, management reported fourth-quarter 2025 results and noted improved same-store operating performance, including cash NOI growth and meaningful asset dispositions during 2025. In October 2025, the company said it was invested in 579 real estate properties across 28 states, with enterprise value around $11.1 billion. The overall picture is that of a healthcare real estate owner trying to strengthen operating metrics, improve balance-sheet flexibility, and recycle capital into more attractive opportunities. For international investors, HR is a NYSE-listed US company whose long-duration healthcare demand profile is attractive, but which remains exposed to interest-rate sensitivity, funding costs, and execution risk around its ongoing portfolio actions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001360604/000136060426000015/exhibit991fourthquarter202.htm?utm_source=openai))