Healthcare Realty Trust Files New S-3ASR, Enables $1B ATM Equity Program

What Happened
Healthcare Realty Trust Incorporated (HR) announced on July 31, 2026 that it and its operating partnership filed a new automatic shelf registration statement on Form S-3ASR (Registration Nos. 333-297897 and 333-297897-01), which became effective that same day and replaced the prior shelf (Nos. 333-273784 and 333-273784-01). On July 31, 2026 the company also filed a prospectus supplement for its existing at-the-market (ATM) equity program, preserving the ability to offer and sell up to $1,000,000,000 of Class A common stock under previously executed Equity Distribution Agreements.

Key Details

• New Form S-3ASR effective: July 31, 2026 (Registration Nos. 333-297897 and 333-297897-01).
• ATM Program size: up to $1,000,000,000 of Class A common stock remains available.
• Equity Distribution Agreements dated December 17, 2025 with multiple dealers (e.g., J.P. Morgan, BofA, Morgan Stanley, Citi, Barclays, Wells Fargo, and others).
• No shares were sold under the ATM program before the prior registration statement terminated; a legal opinion from Venable LLP regarding share validity was filed as Exhibit 5.1.

Why It Matters
This filing restores Healthcare Realty’s registration capacity and keeps the company’s ATM facility available, giving management flexibility to raise equity capital quickly as market conditions permit. For investors, that means the company can access up to $1 billion in gross proceeds through on‑market share sales — a useful financing tool but one that can dilute existing shareholders if used. The filing itself does not indicate any immediate issuance; it simply preserves the company’s ability to sell shares under the specified agreements.