Q3 2026 Revenue down 4% year over year to $287M · 6¢ of every $1 of revenue lost · operating margin -5.5%
Healthcare Realty Trust made $287M in Q3 2026 (-4% Y/Y). Operating margin -5.5%, net loss $15.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Revenue$287M
Year over year-4%
Operating margin-5.5%
Net earnings−$15.9M
Operating cash flow$122M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $286.6M in Q3 2026, down 4% year over year and up 2% from the previous quarter.
Operating costs exceeded revenue by $15.9M, an operating margin of -5.5%. Total costs fell 15% while revenue fell 4%. The quarter ended with a net loss of $15.9M, narrower than the previous quarter's $44.0M loss.
Operating cash flow was $122.3M (up 8% year over year). Non-cash charges added back $128.1M of depreciation and amortization and $4.6M of share-based compensation.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Oct 29, 2026
$287M
-4%
-5.5%
−$15.9M
$122M
Q2 2026
10-Q
Jul 30, 2026
$282M
-5%
-15.6%
−$44.0M
$142M
Q1 2026
10-Q
May 1, 2026
$279M
-7%
0.0%
$21K
$52.9M
Q4 2025
10-K
Feb 13, 2026
$286M
-8%
5.1%
$14.4M
$132M
Q3 2025
10-Q
Oct 31, 2025
$298M
-6%
-19.7%
−$58.5M
$114M
Q2 2025
10-Q
Aug 1, 2025
$298M
-6%
-53.8%
−$160M
$163M
Q1 2025
10-Q
May 1, 2025
$299M
-8%
-15.2%
−$45.4M
$47.8M
Charts
Latest (Q3 2026): Y/Y -4%, Q/Q +2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income −$15.9M, Operating cash flow $122M.+30.5% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2022.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (“REIT”) that owns, leases, manages, acquires, finances, develops and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. All references in this report to "Healthcare Realty," the "Company," "we," "us," or "our" mean Healthcare Realty Trust Incorporated together with its consolidated subsidiaries, including Healthcare Realty Holdings, L.P., or operating partnership (the "OP").
In its own words, from its 10-K, filed Feb 13, 2026.
Healthcare Realty Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +11%. Operating margin: -5.5% against the peers' median 15.9%.