HR

Healthcare Realty Trust Incorporated operates as a self-managed real estate investment trust (REIT) specializing in healthcare properties across the United States. Headquartered in Nashville, Tennessee, the company owns, acquires, manages, and develops medical outpatient buildings, physician clinics, and other healthcare-related facilities. Healthcare Realty's portfolio comprises approximately 700 properties totaling around 40 million square feet across more than 30 states, with significant concentrations in key medical markets. The company focuses exclusively on outpatient medical buildings, typically located on or adjacent to hospital campuses, serving physicians and healthcare systems that require modern, well-located facilities. In November 2022, Healthcare Realty completed a transformative merger with Healthcare Trust of America, creating one of the largest healthcare REITs focused on medical outpatient buildings. This combination expanded the company's scale, geographic diversification, and relationships with leading health systems nationwide. Healthcare Realty generates revenue primarily through triple-net and modified gross leases with healthcare providers, pharmaceutical companies, and medical practitioners. The company emphasizes long-term relationships with investment-grade health systems and maintains an average lease term that provides stable, recurring cash flows. As a pure-play medical outpatient REIT, Healthcare Realty positions itself to benefit from demographic trends including an aging population and the ongoing shift of healthcare delivery from inpatient to outpatient settings.