Healthcare Realty Trust Incorporated (NYSE:HR) Q1 2023 Results Conference Call May 9, 2023 11:00 AM ET
Company Participants
Ron Hubbard - VP of IR
Todd Meredith - President, CEO and Director
Kris Douglas - Executive VP and CFO
Rob Hull - EVP of Investments
Conference Call Participants
Nick Joseph - Citigroup
Juan Sanabria - BMO Capital Markets
Nick Yulico - Scotiabank
Tayo Okusanya - Credit Suisse
Connor Siversky - Wells Fargo
Mike Mueller - JPMorgan
John Pawlowski - Green Street
Austin Wurschmidt - KeyBanc Capital Markets
Operator
Hello, everyone, and welcome to Healthcare Realty Trust First Quarter Earnings Release and Conference Call. My name is Charlie and I'll be coordinating the call today. You will have the opportunity to ask questions at the end of the presentation. [Operator Instructions]
I will now hand over to our host, Ron Hubbard, VP of Investor Relations to begin. Ron, please go ahead.
Ron Hubbard
Thank you, Charlie. Thanks, everyone, for joining us today for Healthcare Realty's first quarter 2023 earnings conference call. Joining me on the call today are Todd Meredith, Kris Douglas and Rob Hull. A reminder that except for the historical information contained within, the matters discussed in this call may contain forward-looking statements that involve estimates, assumptions, risks and uncertainties. These risks are more specifically discussed in the company's Form 10-K filed with the SEC for the year ended December 31, 2022, and the Form 10-K filed with the SEC for the quarter ended March 31, 2023. These forward-looking statements represent the company's judgment as of the date of this call. The company disclaims any obligation to update this forward-looking material.
The matters discussed in this call may also contain certain non-GAAP financial measures such as funds from operations or FFO, normalized FFO, FFO per share, normalized FFO per share, funds available for distribution, or FAD, net operating income, NOI, EBITDA and adjusted EBITDA. A reconciliation of these measures to the most comparable GAAP financial measures may be found in the company's earnings press release for the quarter ended March 31, 2023. The company's earnings press release, supplemental information and Form 10-Q are available on the company's website.
I'll now turn the call over to Todd.
Todd Meredith
Thank you, Ron, and thank you, everyone, for joining us this morning for our first quarter 2023 earnings call. Healthcare Realty had a really solid first quarter. As expected, robust operating performance from our portfolio is the foundation of our steady results. We're building on this durable foundation with two strategic initiatives to accelerate FFO growth.