Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As of September 30, 2025, the Company was invested in 579 real estate properties in 28 states totaling 33.6 million square feet and had an …
Full HR analysis →
Competitive advantage assessment
Key risks
Weak NOI MarginsNOI margins lag peers (score 0.32), indicating weak pricing power.
Dilutive or Undisciplined GrowthGrowth discipline is questionable (score 0.00), raising dilution concerns.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Healthcare Realty Trust Incorpo ranks #17 of 20
scored companies in REIT - Healthcare Facilities by moat score — the top 85%.
The widest moat in the group is CareTrust REIT, Inc. (CTRE)
at 88/100.
Moat scores for companies ranked near HR in REIT - Healthcare Facilities
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 40
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 32
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 3
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 37
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 29
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Healthcare Realty Trust Incorpo's moat score?
Healthcare Realty Trust Incorpo (HR) scores 30 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #17 of 20 scored companies in REIT - Healthcare Facilities, the top 85%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in REIT - Healthcare Facilities. Its strongest defense is Rent Pricing Power (42/100) and its weakest is Capital Recycling & Growth (3/100).
How does Healthcare Realty Trust Incorpo compare with other REIT - Healthcare Facilities companies?
Healthcare Realty Trust Incorpo ranks #17 of 20 scored companies in REIT - Healthcare Facilities by moat score. The widest moat in REIT - Healthcare Facilities is CareTrust REIT, Inc. (CTRE) at 88/100. The companies ranked closest are Diversified Healthcare Trust (DHC) at 38 just above it and National Healthcare Properties, (NHPAP) at 30 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in REIT - Healthcare Facilities. The defenses are then weighted to produce the overall score out of 100.
Why is Healthcare Realty Trust Incorpo scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Healthcare Realty Trust Incorpo?
The REIT Specialized template measures 6 defenses, and HR scores: Rent Pricing Power (42), AFFO Strength (40), Balance Sheet & Cost of Capital (32), Capital Recycling & Growth (3), Operational Efficiency (37), Portfolio Quality & Diversification (29). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.