Healthcare Realty Trust Incorpo (HR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Healthcare Realty Trust Incorpo

NYSE•Real Estate•REIT - Healthcare Facilities

$17.93+0.69(0.04%)After hours

Market Cap

$6.53B

P/S

5.8x

P/B

1.6x

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.

How this company scores

WeakMetricSide Score: 44/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (13/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability11/25

Growth11/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality13/25

Strengths

Profit converts from growthImproving marginsNo share dilution

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 118.9x5y range 45.1x – 118.9x

Currently above its 5-quarter median.

P/S · 5.8x5y range 4.0x – 8.0x

Currently near its 20-quarter median.

P/B · 1.6x5y range 0.6x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 18.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Revenue Decline

Red Flag

Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $6.53B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.13B
Q. Revenue: $286.64M
TTM EBITDA: $659.50M
TTM Op. Income: $146.94M
Q. Op. Income: $42.06M
TTM Net Income: $-44.93M
Q. Net Income: $-15.76M
EPS: $-0.05
Shares Out.: $340.62M

$1.13B in TTM revenue declined 5.8% YoY, reaching $286.64M last quarter. TTM EBITDA of $659.50M and TTM operating income of $146.94M show growth is flowing through to the bottom line. However, net income is negative at $44.93M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 14.6%
EBITDA Margin: 59.4%
Op. Margin: 14.7%
Net Margin: -5.5%

Op. margin of 14.7% is up 6.2% YoY — cost efficiency is improving. Net margin at -5.5% and gross margin of 14.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 5.8x
P/B Ratio: 1.6x

P/S of 5.8x and P/B of 1.6x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.96B
Cash: $17.50M
Long-Term Debt: $4.25B
Book Value: $4.08B
D/E Ratio: 1.0
Debt/EBITDA: 25.0

With $8.96B in assets and $4.25B in long-term debt, D/E is 1.0and book value is $4.08B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $122.29M
TTM Free Cash Flow: $168.56M
FCF Margin: 14.9%
FCF / Net Income: -3.8

TTM FCF of $168.56M on $122.29M in operating cash flow. The FCF / Net Income ratio of -3.8x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 7% — an improving trend.