Filing Flows › Healthcare Realty Trust (HR) › Q3 2025
Healthcare Realty Trust (HR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Healthcare Realty Trust (HR) reported revenue of $298M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +0.1% from the quarter before. Operating margin was -19.7%, net loss $58.5M (19.7% of revenue).
Healthcare Realty Trust, Q3 2025: revenue $298M (-6% year over year), operating margin -19.7%, net loss $58.5M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | +0.1% | -6% |
| Operating profit | −$58.5M | — | — |
| Net earnings | −$58.5M | — | — |
| Operating cash flow | $114M | -30% | -5% |
| Free cash flow | $109M | -31% | +9% |
What changed
Revenue was $297.8M in Q3 2025, down 6% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $58.5M, an operating margin of -19.7%. Total costs fell 13% while revenue fell 6%. The quarter ended with a net loss of $58.5M, narrower than the previous quarter's $160.1M loss. Minority interests bore $806K of it: to shareholders the quarter was a loss of $57.7M.
Operating cash flow was $113.8M (down 5% year over year). Non-cash charges added back $137.8M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $27.2M. Capital expenditures of $4.4M left free cash flow of $109.3M.
Questions
What was Healthcare Realty Trust's revenue in the third quarter 2025?
Healthcare Realty Trust (HR) reported revenue of $298M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +0.1% from the quarter before.
Was Healthcare Realty Trust profitable in the third quarter 2025?
Operating loss was $58.5M (-19.7% of revenue) and net loss $58.5M.