Healthcare Realty Trust Announces $500 Million Stock Buyback Authorization

Healthcare Realty Trust Incorporated has authorized the repurchase of up to $500 million of its Class A common stock


Healthcare Realty Trust Incorporated (NYSE: HR), a real estate investment trust focused on healthcare properties, has recently made an announcement that has caught the attention of investors. The company's board of directors has authorized a stock buyback program, allowing the repurchase of up to $500 million of Healthcare Realty Trust's Class A common stock.

Repurchase Details and Funding Strategy

Under this buyback program, Healthcare Realty Trust has the flexibility to execute share repurchases in various ways. The repurchases can be made at the management's discretion, either on the open market, through privately negotiated transactions, or by other means, as permitted by applicable securities laws. The timing and total amount of repurchases will be subject to business, economic, and market conditions, regulatory requirements, prevailing stock prices, and other relevant factors.

It is worth noting that the company intends to fund the share repurchase program on a leverage neutral basis. This means that the proceeds from asset sales will be used to finance the repurchases, rather than taking on additional debt. By utilizing funds generated from the sale of non-core assets, Healthcare Realty Trust aims to optimize its portfolio and strategically reallocate capital towards key markets that offer the greatest potential for growth.

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