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Multi-tenant new leases signed totaling 432,000 square feet
1H 2024 multi-tenant occupancy gain of 183,000 square feet, above guidance range
Steward Health has paid substantially all rent for June and July
Greater than $1 billion in completed or planned asset sales and JV transactions
$286 million in shares repurchased to date
NASHVILLE, Tenn., July 08, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today provided a second quarter update on its operational and capital allocation momentum.
OPERATIONAL MOMENTUM
In the second quarter, new signed leases totaled 432,000 square feet, the fourth consecutive quarter above 400,000. Multi-tenant absorption in the second quarter was 122,000 square feet. Combined with the first quarter, multi-tenant absorption for the first half of the year was 183,000 square feet, which was above the guidance range of 90,000 to 140,000 square feet provided in the Company's Multi-tenant Occupancy and NOI Bridge. Over the last three quarters, multi-tenant occupancy has increased 371,000 square feet, representing approximately 110 basis points of positive absorption.
Posted In: HR
