Healthcare Realty Trust reduces board size from 12 to 7 members

NASHVILLE - Healthcare Realty Trust Incorporated (NYSE:HR), a $5.4 billion market cap healthcare REIT, has reduced its Board of Directors from 12 to 7 members, effective June 18, 2025, according to a company press release. According to InvestingPro data, the company currently trades below its Fair Value.

Five directors—Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, and Christann Vasquez—voluntarily retired from the board as part of what the company described as an effort to better align with REIT industry standards while maintaining corporate governance best practices.

"Our decision to reduce the size of the Board reflects our commitment to acting consistent with best practices of corporate governance," said Thomas Bohjalian, the company’s independent chairman.

The restructured board consists of Bohjalian, President and CEO Peter Scott, and independent directors David Henry, Jay Leupp, Constance Moore, Glenn Rufrano, and Donald Wood.

Healthcare Realty Trust is a real estate investment trust specializing in medical outpatient buildings. The company’s portfolio includes over 640 properties totaling more than 38 million square feet across 15 markets.

The board reduction comes as the company focuses on enhancing stakeholder relationships. "I look forward to working with our continuing directors to enhance our relationships with all of our stakeholders," Scott stated in the release. For deeper insights into Healthcare Realty Trust’s financial health and future prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Healthcare Realty Trust Incorporated reported its first-quarter 2025 earnings, revealing a larger-than-expected loss per share while slightly surpassing revenue expectations. The company reported an EPS of -$0.13, missing the forecast of -$0.07, but revenue came in at $298.98 million, slightly above the forecast of $298.56 million. Despite the earnings miss, Healthcare Realty reaffirmed its full-year normalized FFO per share guidance of $1.56 to $1.60. The company is focused on leasing, portfolio optimization, and balance sheet management, with plans to dispose of $400-500 million in assets. Healthcare Realty’s management highlighted ongoing efforts to empower local teams and explore redevelopment opportunities. The company maintained its dividend at $0.31 per share, although it is under review due to an elevated payout ratio. Peter Scott has been appointed as the new President and CEO, taking over from Connie Moore, and is expected to lead the company forward with a focus on outpatient medical real estate.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.