Filing Flows › Healthcare Realty Trust (HR) › Q4 2025
Healthcare Realty Trust (HR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Healthcare Realty Trust (HR) reported revenue of $286M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -4% from the quarter before. Operating margin was 5.1%, net earnings $14.4M (5.0% of revenue).
Healthcare Realty Trust, Q4 2025: revenue $286M (-8% year over year), operating margin 5.1%, net earnings $14.4M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | -4% | -8% |
| Operating profit | $14.6M | — | — |
| Net earnings | $14.4M | — | — |
| Operating cash flow | $132M | +16% | -4% |
| Free cash flow | $132M | +21% | +11% |
What changed
Revenue was $286.3M in Q4 2025, down 8% year over year and down 4% from the previous quarter.
Operating profit was $14.6M, a 5.1% margin (up 40.0 points year over year). Total costs fell 35% while revenue fell 8%. Net earnings were $14.4M. The effective tax rate was 0.0%.
Operating cash flow was $132.3M (down 4% year over year), 907% of net earnings. Non-cash charges added back $127.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $17K left free cash flow of $132.3M.
Questions
What was Healthcare Realty Trust's revenue in the fourth quarter 2025?
Healthcare Realty Trust (HR) reported revenue of $286M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -4% from the quarter before.
Was Healthcare Realty Trust profitable in the fourth quarter 2025?
Operating profit was $14.6M (5.1% of revenue) and net earnings $14.4M.