Filing Flows › Healthcare Realty Trust (HR) › Q2 2025
Healthcare Realty Trust (HR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Healthcare Realty Trust (HR) reported revenue of $298M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.5% from the quarter before. Operating margin was -53.8%, net loss $160M (53.8% of revenue).
Healthcare Realty Trust, Q2 2025: revenue $298M (-6% year over year), operating margin -53.8%, net loss $160M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | -0.5% | -6% |
| Operating profit | −$160M | — | — |
| Net earnings | −$160M | — | — |
| Operating cash flow | $163M | +242% | -3% |
| Free cash flow | $158M | +257% | +10% |
What changed
Revenue was $297.5M in Q2 2025, down 6% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $160.1M, an operating margin of -53.8%. Total costs fell 1% while revenue fell 6%. The fastest-growing cost line was General & admin (+68%). The quarter ended with a net loss of $160.1M, wider than the previous quarter's $45.4M loss. Minority interests bore $2.3M of it: to shareholders the quarter was a loss of $157.9M.
Operating cash flow was $163.2M (down 3% year over year). Non-cash charges added back $147.7M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $166.8M. Capital expenditures of $4.8M left free cash flow of $158.5M.
Questions
What was Healthcare Realty Trust's revenue in the second quarter 2025?
Healthcare Realty Trust (HR) reported revenue of $298M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.5% from the quarter before.
Was Healthcare Realty Trust profitable in the second quarter 2025?
Operating loss was $160M (-53.8% of revenue) and net loss $160M.