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Healthcare Realty lifts same-store NOI target as medical office cycle firms

7/31/2026

Medical office real estate is holding its footing against the backdrop of a rate environment that has reset cap rate expectations across most property classes.

Healthcare Realty has set its 2026 normalized funds from operations at a per-share midpoint of $1.64 and raised its same-store cash net operating income growth target to a range of 4.25% to 5%.

Both moves arrive at a point in the cycle when the sector is sorting tenants by credit quality.

A cleaner NOI picture The revision to the NOI outlook carries weight because same-store cash NOI strips out acquisitions and dispositions, isolating the performance of the existing portfolio.

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