Healthcare Realty Trust Incorporated (NYSE:HR) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET

Company Participants

Ron Hubbard – Vice President-Investor Relations
Todd Meredith – President and Chief Executive Officer
Austen Helfrich – Interim Chief Financial Officer

Conference Call Participants

Austin Wurschmidt – KeyBanc Capital Markets
Juan Sanabria – BMO Capital Markets
John Kilichowski – Wells Fargo
Michael Griffin – Citi
Rich Anderson – Wedbush
Jonathan Hughes – Raymond James
Omotayo Okusanya – Deutsche Bank
Mike Mueller – JPMorgan
Emily Meckler – Green Street
Nick Yulico – Scotiabank

Operator

Good afternoon. Thank you for attending the Healthcare Realty Third Quarter 2024 Earnings Conference Call. My name is Bridget, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end.

I would now like to pass the conference over to our host, Ron Hubbard, Vice President of Investor Relations with Healthcare Realty. Thank you, Ron. You may proceed.

Ron Hubbard

Thank you for joining us today for Healthcare Realty's third quarter 2024 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, 2023 and other SEC filings. 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 matter 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 September 30, 2024. The company's earnings press release, supplemental information and Form 10-K 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 being with us today. Joining me for our prepared remarks is Austen Helfrich, our Interim CFO. Also here with us and available for Q&A are Rob Hull, our Chief Operating Officer; and Ryan Crowley, our Chief Investment Officer. I will start by highlighting key quarterly results, leasing trends and operational metrics. Then I'll turn the call over to Austen to walk through capital allocations, the balance sheet and guidance.