Equity Profile

HR

Healthcare Realty Trust Incorporated

Real EstateHealth Care REITs$6.6B

May11Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Healthcare Realty Trust Incorporated (HR) is a real estate investment trust (REIT) that focuses on owning and managing healthcare-related properties. With a market cap of $7 billion, it plays a crucial role in the healthcare sector by providing facilities for hospitals, outpatient centers, and other medical services, which are essential as healthcare demand continues to grow.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand its portfolio and maintain its competitive edge in the healthcare real estate market.

N/A

1 more metrics, 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 Healthcare Realty Trust are cautious, given the recent earnings misses and lack of analyst estimates. Investors will be closely watching for any signs of recovery in profitability and revenue growth.

Bull Case

If the company can demonstrate improved occupancy rates and better cost management, it could signal a turnaround, leading to increased investor confidence and stock appreciation.

Bear Case

Conversely, continued earnings misses and stagnant revenue growth could raise concerns about the company's ability to compete in the healthcare real estate market, potentially leading to a decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the occupancy rates for the healthcare properties this quarter?

Occupancy rates are a direct indicator of demand and management effectiveness, which will heavily influence investor sentiment.

How does management plan to address the recent earnings misses?

Investors will be looking for concrete strategies to improve profitability and revenue growth, as past performance has raised concerns.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as healthcare demand continues to rise, despite recent earnings misses.

Supporting Evidence

The company has a strong portfolio of healthcare properties that are essential as the population ages.

Options pricing indicates higher volatility, suggesting that investors are bracing for significant news that could shift sentiment.

Historical patterns show that the stock has reacted positively to strategic management initiatives in the past.

Key Risk

If occupancy rates exceed 90%, it could challenge the current bearish sentiment and lead to a reassessment of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to maintain high occupancy rates and improve profitability after several earnings misses.

Bull Confirmed If

Occupancy rates above 90% would indicate strong demand and effective management.

Bear Confirmed If

Occupancy rates below 85% would raise significant concerns about the company's ability to sustain revenue.

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% in either direction, indicating that investors expect some volatility around the earnings report.

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, history suggests a potential stock increase of around 1.47%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary and outlook.

Miss

A miss could lead to a decline, with historical data suggesting an average move of around +0.12% following misses, indicating potential investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in leasing activity.
2Management's strategy for addressing recent earnings misses.
3Insights into cost management and operational efficiencies.
4Any commentary on future acquisitions or portfolio expansion.
5Trends in healthcare demand that may impact property utilization.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand its portfolio and maintain its competitive edge in the healthcare real estate market.

N/A

1 more metrics, 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

Bull Case

If the company can demonstrate improved occupancy rates and better cost management, it could signal a turnaround, leading to increased investor confidence and stock appreciation.

Bear Case

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the occupancy rates for the healthcare properties this quarter?

Occupancy rates are a direct indicator of demand and management effectiveness, which will heavily influence investor sentiment.

How does management plan to address the recent earnings misses?

Investors will be looking for concrete strategies to improve profitability and revenue growth, as past performance has raised concerns.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as healthcare demand continues to rise, despite recent earnings misses.

Supporting Evidence

The company has a strong portfolio of healthcare properties that are essential as the population ages.

Options pricing indicates higher volatility, suggesting that investors are bracing for significant news that could shift sentiment.

Historical patterns show that the stock has reacted positively to strategic management initiatives in the past.

Key Risk

If occupancy rates exceed 90%, it could challenge the current bearish sentiment and lead to a reassessment of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to maintain high occupancy rates and improve profitability after several earnings misses.

Bull Confirmed If

Occupancy rates above 90% would indicate strong demand and effective management.

Bear Confirmed If

Occupancy rates below 85% would raise significant concerns about the company's ability to sustain revenue.

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% in either direction, indicating that investors expect some volatility around the earnings report.

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, history suggests a potential stock increase of around 1.47%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary and outlook.

Miss

A miss could lead to a decline, with historical data suggesting an average move of around +0.12% following misses, indicating potential investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in leasing activity.
2Management's strategy for addressing recent earnings misses.
3Insights into cost management and operational efficiencies.
4Any commentary on future acquisitions or portfolio expansion.
5Trends in healthcare demand that may impact property utilization.