Equity Profile

HR

Healthcare Realty Trust Incorporated

Real EstateHealth Care REITs$6.8B

May11Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Healthcare Realty Trust Incorporated (HR) is a real estate investment trust (REIT) focused on owning and managing healthcare facilities. With a market cap of $7 billion, the company plays a crucial role in the healthcare sector, providing essential infrastructure for hospitals and outpatient facilities, which are increasingly in demand as healthcare needs grow.

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and attract more tenants, which is vital for a REIT.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

HR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-16.06%

Avg Stock Reaction

+0.12%

Last Quarter Recap

In Q1 2026, Healthcare Realty Trust reported an EPS of $0.35, falling short of the expected $0.39. The stock reacted positively with a 1.30% increase the following day, despite the earnings miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for HR are cautious, given the recent earnings misses and lack of analyst estimates. Investors will be looking for signs of improvement in profitability and revenue growth.

Bull Case

The optimistic view hinges on a potential rebound in EPS and revenue, indicating that the company is effectively managing its properties and attracting more tenants.

Bear Case

On the downside, continued earnings misses could signal deeper issues within the company, leading to a loss of investor confidence and potential stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.39 this quarter?

A positive EPS surprise could indicate improved operational efficiency and boost investor confidence.

What is the outlook for revenue growth moving forward?

Understanding revenue trends is crucial for assessing the company's growth potential and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating HR's potential for recovery, especially if they can demonstrate improved tenant retention and operational efficiency.

Supporting Evidence

Despite recent earnings misses, the stock has shown resilience with positive reactions post-earnings.

The options market is pricing in a significant move, indicating that investors are anticipating a more volatile outcome than historical averages suggest.

Key Risk

If HR can report an EPS above $0.39, it would challenge the current bearish sentiment and shift investor outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether the company can turn around its recent trend of earnings misses.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case, indicating a recovery in profitability.

Bear Confirmed If

An EPS below $0.35 would confirm the bear case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.77%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a move of approximately 3.77%, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.8% while HR has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.7%

Calls (6K)P/C Ratio: 0.02Puts (300)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HR beats expectations with an EPS above $0.39, history suggests a potential stock increase of around 1.47%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of around 0.12%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on tenant retention rates and new leases signed.
2Management's commentary on operational efficiencies and cost management.
3Guidance on revenue expectations for the upcoming quarters.
4Insights into market demand for healthcare facilities.
5Any strategic initiatives to enhance property value.

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Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and attract more tenants, which is vital for a REIT.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

HR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-16.06%

Avg Stock Reaction

+0.12%

Last Quarter Recap

In Q1 2026, Healthcare Realty Trust reported an EPS of $0.35, falling short of the expected $0.39. The stock reacted positively with a 1.30% increase the following day, despite the earnings miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for HR are cautious, given the recent earnings misses and lack of analyst estimates. Investors will be looking for signs of improvement in profitability and revenue growth.

Bull Case

The optimistic view hinges on a potential rebound in EPS and revenue, indicating that the company is effectively managing its properties and attracting more tenants.

Bear Case

On the downside, continued earnings misses could signal deeper issues within the company, leading to a loss of investor confidence and potential stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.39 this quarter?

A positive EPS surprise could indicate improved operational efficiency and boost investor confidence.

What is the outlook for revenue growth moving forward?

Understanding revenue trends is crucial for assessing the company's growth potential and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating HR's potential for recovery, especially if they can demonstrate improved tenant retention and operational efficiency.

Supporting Evidence

Despite recent earnings misses, the stock has shown resilience with positive reactions post-earnings.

The options market is pricing in a significant move, indicating that investors are anticipating a more volatile outcome than historical averages suggest.

Key Risk

If HR can report an EPS above $0.39, it would challenge the current bearish sentiment and shift investor outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether the company can turn around its recent trend of earnings misses.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case, indicating a recovery in profitability.

Bear Confirmed If

An EPS below $0.35 would confirm the bear case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.77%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a move of approximately 3.77%, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.8% while HR has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.7%

Calls (6K)P/C Ratio: 0.02Puts (300)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HR beats expectations with an EPS above $0.39, history suggests a potential stock increase of around 1.47%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of around 0.12%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on tenant retention rates and new leases signed.
2Management's commentary on operational efficiencies and cost management.
3Guidance on revenue expectations for the upcoming quarters.
4Insights into market demand for healthcare facilities.
5Any strategic initiatives to enhance property value.