07:37 AM EDT, 05/07/2024 (MT Newswires) -- Healthcare Realty Trust ( HR ) reported Q1 normalized funds from operations Tuesday of $0.39 per diluted share, down from $0.40 a year earlier.

Analysts polled by Capital IQ expected $0.38.

Revenue for the quarter ended March 31 was $326.8 million, down from $332.9 million a year earlier.

Analysts surveyed by Capital IQ expected $325.5 million.

For Q2, the company expects normalized FFO in the range of $0.38 to $0.39 per share. Analysts polled by Capital IQ expect $0.39.

For 2024, Healthcare Realty ( HR ) continues to expect normalized FFO per share of $1.52 to $1.58. Analysts surveyed by Capital IQ expect $1.56.

Additionally, the company maintained its quarterly dividend of $0.31 per share, payable May 23 to shareholders of record as of May 13.

Price: 14.98, Change: -0.01, Percent Change: -0.07