Healthcare Realty Trust Incorporated (NYSE:HR) has released its second-quarter business update, highlighting significant operational and capital allocation achievements.

The company successfully signed new leases totaling 432,000 square feet, maintaining a streak of surpassing 400,000 square feet for the fourth consecutive quarter.

The firm also reported a significant increase in multi-tenant absorption, with 122,000 square feet absorbed in Q2 alone.

This brings the total for the first half of 2024 to an impressive 183,000 square feet—surpassing initial forecasts.

While Steward Health has made substantial rent payments for June and July, Healthcare Realty plans to set aside approximately $3 million to cover unpaid pre-bankruptcy rent.

On the capital allocation front, the company has repurchased 18 million shares for $286 million and is on track to complete asset transactions exceeding $1 billion by the end of Q3.