Healthcare Realty’s October 29 earnings release reported 1.5 million square feet of third-quarter lease executions, including 430,000 square feet of new leases. Cash leasing spreads averaged 8.6%, with 88% tenant retention.
Since the prior quarter, its KKR joint venture acquired $211 million of assets, approximately $42 million at Healthcare Realty’s share. These are gross and at-share transaction measures; their difference does not identify partner financing. A Seattle acquisition included a 33,000-square-foot building.
Our read: Leasing spreads and retention provide evidence of existing portfolio performance. They do not by themselves establish acquisition yields or owner-level joint-venture returns.
Key Takeaways
- Separate operating results from acquisition underwriting: the reported leasing spread is not an acquisition yield.
Healthcare Realty company release, October 29, 2026: https://investors.healthcarerealty.com/corporate-profile/press-releases/news-details/2026/Healthcare-Realty-Reports-Third-Quarter-2026-Results-and-Further-Increases-Full-Year-2026-Guidance/default.aspx
Never miss a Signal
Get the daily brief that busy CRE professionals rely on.