Healthcare Realty Trust Incorporated (NYSE:HR) Q1 2022 Earnings Conference Call May 5, 2022 12:00 PM ET

Company Participants

Kris Douglas - Chief Financial Officer

Todd Meredith - President & Chief Executive Officer

Rob Hull - Executive Vice President, Investments

Conference Call Participants

Rich Anderson - SMBC

Juan Sanabria - BMO Capital Markets

Steven Valiquette - Barclays

Austin Wurschmidt - KeyBanc

Omotayo Okusanya - Credit Suisse

John Pawlowski - Green Street

Operator

Good morning, ladies and gentlemen. Thank you for attending today's Healthcare Realty First Quarter 2022 Earnings Call. My name is Jacquita. I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for question-and-answer towards the end. [Operator Instructions]

I would now like to pass the conference over to your host, Kris Douglas, Chief Financial Officer with Healthcare Realty Trust. Kris, please go ahead.

Kris Douglas

Thank you for joining us today for Healthcare Realty's first quarter 2022 earnings conference call. 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, 2021 and a Form 10-Q filed with the SEC for the quarter ended March 31, 2022.

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 release for the first quarter ended March 31, 2022. 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 Kris and thank you everyone for joining us today. I'll start with a few comments about our solid operating results for the first quarter. Second, I'll provide some updates on our pending strategic combination with HTA. And finally, I'll touch on the process and expected time line between now and closing of the HTA transaction.