Healthcare Realty Appoints Daniel Gabbay as CFO, Austen Helfrich Departs

summarizeSummary

Healthcare Realty Trust announced the appointment of Daniel Gabbay, a seasoned real estate investment banker, as its new Executive Vice President and Chief Financial Officer, effective January 12, 2026. Current CFO Austen Helfrich will depart amicably.

check_boxKey Events

• New CFO Appointed

  Daniel Gabbay, a former Managing Director at RBC Capital Markets with primary coverage of the healthcare REIT sector, will become Executive Vice President and Chief Financial Officer, effective January 12, 2026.

• Outgoing CFO Departs Amicably

  Austen B. Helfrich will depart as CFO on January 12, 2026. The company stated his separation is not due to any disagreement with management or auditors.

• Severance Charge

  The company expects to record a charge of approximately $5 million for the quarter ended March 31, 2026, in connection with Mr. Helfrich's separation.

• New CFO Compensation Package

  Mr. Gabbay's compensation includes a $500,000 base salary, a target $625,000 annual cash incentive, $1,375,000 in annual equity awards, and a one-time $2,750,000 make-whole restricted stock award vesting over four years.

auto_awesomeAnalysis

The appointment of Daniel Gabbay as the new CFO is a significant leadership change for Healthcare Realty. Mr. Gabbay's extensive background in real estate investment banking, particularly with a focus on the healthcare REIT sector, brings valuable expertise to the company's executive team. His experience in advising on large-scale real estate transactions could be beneficial for future strategic initiatives. The departure of the previous CFO, Austen Helfrich, is noted as amicable and not due to any disagreements, which mitigates potential negative concerns. The company expects a $5 million charge related to Mr. Helfrich's separation, which is a minor financial impact for a company of this size. Investors should monitor the integration of the new CFO and any potential shifts in financial strategy or capital markets activities under his leadership.