Exhibit 99.2
S u p p l e m e n t a l D a t a R e p o r t
Three Months Ended March 31, 2007
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of April 30, 2007
(Unaudited)
Quarterly Supplemental Data Report is also available on the Company’s website — www.healthcarerealty.com
Gabrielle M. Andres (615) 269-8471
Email: GAndres@healthcarerealty.com
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 1 of 11 |
1) CONDENSED CONSOLIDATED BALANCE SHEETS
| | | | | | | | |
| | March 31, 2007 | | | December 31, 2006 | |
ASSETS | | | | | | | | |
Real estate properties: | | | | | | | | |
Land | | $ | 110,622 | | | $ | 129,658 | |
Buildings, improvements, and lease intangibles | | | 1,445,715 | | | | 1,741,126 | |
Personal property | | | 15,674 | | | | 22,707 | |
Construction in progress | | | 32,355 | | | | 38,835 | |
| | | | | | |
| | | 1,604,366 | | | | 1,932,326 | |
Less accumulated depreciation | | | (312,290 | ) | | | (373,706 | ) |
| | | | | | |
Total real estate properties, net | | | 1,292,076 | | | | 1,558,620 | |
| | | | | | | | |
Cash and cash equivalents | | | 3,833 | | | | 1,950 | |
| | | | | | | | |
Mortgage notes receivable | | | 16,893 | | | | 73,856 | |
| | | | | | | | |
Assets held for sale, net (1) | | | 257,001 | | | | — | |
| | | | | | | | |
Other assets, net | | | 88,053 | | | | 102,177 | |
| | | | | | |
| | | | | | | | |
Total assets | | $ | 1,657,856 | | | $ | 1,736,603 | |
| | | | | | |
| | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | |
Liabilities: | | | | | | | | |
Notes and bonds payable | | $ | 743,960 | | | $ | 849,982 | |
| | | | | | | | |
Dividends payable | | | 227,166 | | | | — | |
| | | | | | | | |
Accounts payable and accrued liabilities | | | 37,420 | | | | 32,448 | |
| | | | | | | | |
Liabilities held for sale (1) | | | 15,113 | | | | — | |
| | | | | | | | |
Other liabilities | | | 29,179 | | | | 28,501 | |
| | | | | | |
Total liabilities | | | 1,052,838 | | | | 910,931 | |
| | | | | | | | |
Commitments and contingencies | | | | | | | | |
| | | | | | | | |
Stockholders’ equity: | | | | | | | | |
Preferred stock, $.01 par value; 50,000,000 shares authorized; none issued and outstanding | | | — | | | | — | |
| | | | | | | | |
Common stock, $.01 par value; 150,000,000 shares authorized; 47,824,537 and 47,805,448 shares issued and outstanding at March 31, 2007 and December 31, 2006, respectively | | | 478 | | | | 478 | |
| | | | | | | | |
Additional paid-in capital | | | 1,212,845 | | | | 1,211,234 | |
| | | | | | | | |
Accumulated other comprehensive loss | | | (3,915 | ) | | | (4,035 | ) |
| | | | | | | | |
Cumulative net income | | | 671,464 | | | | 635,120 | |
| | | | | | | | |
Cumulative dividends | | | (1,275,854 | ) | | | (1,017,125 | ) |
| | | | | | |
| | | | | | | | |
Total stockholders’ equity | | | 605,018 | | | | 825,672 | |
| | | | | | |
| | | | | | | | |
Total liabilities and stockholders’ equity | | $ | 1,657,856 | | | $ | 1,736,603 | |
| | | | | | |
| | |
(1) | | In accordance with SFAS No. 144, “Accounting for Impairment or Disposal of Long-Lived Assets,” the Company reports real estate properties and related assets and liabilities sold or to be sold as held for sale and includes the related results of operations in discontinued operations on the Company’s Condensed Consolidated Statements of Income. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 2 of 11 |
2) CONDENSED CONSOLIDATED STATEMENTS OF INCOME (1)
| | | | | | | | |
| | For the Three Months | |
| | Ended March 31, | |
| | 2007 | | | 2006 | |
REVENUES | | | | | | | | |
Master lease rent | | $ | 15,772 | | | $ | 13,833 | |
Property operating | | | 31,850 | | | | 31,792 | |
Straight-line rent | | | 61 | | | | 383 | |
Mortgage interest | | | 352 | | | | 1,679 | |
Other operating | | | 4,997 | | | | 4,167 | |
| | |
| | | 53,032 | | | | 51,854 | |
| | | | | | | | |
EXPENSES | | | | | | | | |
General and administrative | | | 6,175 | | | | 4,395 | |
Property operating | | | 18,154 | | | | 18,028 | |
Bad debt | | | 5 | | | | 455 | |
Interest | | | 13,515 | | | | 12,912 | |
Depreciation | | | 10,971 | | | | 9,873 | |
Amortization | | | 1,415 | | | | 2,867 | |
| | |
| | | 50,235 | | | | 48,530 | |
| | |
| | | | | | | | |
INCOME FROM CONTINUING OPERATIONS | | | 2,797 | | | | 3,324 | |
| | | | | | | | |
DISCONTINUED OPERATIONS: | | | | | | | | |
Net income from discontinued operations | | | 5,950 | | | | 5,907 | |
Impairments (2) | | | (2,792 | ) | | | — | |
Gain on sales of real estate properties, net of impairments | | | 30,389 | | | | 3,264 | |
| | |
| | | 33,547 | | | | 9,171 | |
| | |
| | | | | | | | |
NET INCOME | | $ | 36,344 | | | $ | 12,495 | |
| | |
| | | | | | | | |
BASIC EARNINGS PER COMMON SHARE: | | | | | | | | |
INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE | | $ | 0.06 | | | $ | 0.07 | |
| | |
DISCONTINUED OPERATIONS PER COMMON SHARE | | $ | 0.72 | | | $ | 0.20 | |
| | |
NET INCOME PER COMMON SHARE | | $ | 0.78 | | | $ | 0.27 | |
| | |
| | | | | | | | |
DILUTED EARNINGS PER COMMON SHARE: | | | | | | | | |
INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE | | $ | 0.06 | | | $ | 0.07 | |
| | |
DISCONTINUED OPERATIONS PER COMMON SHARE | | $ | 0.70 | | | $ | 0.19 | |
| | |
NET INCOME PER COMMON SHARE | | $ | 0.76 | | | $ | 0.26 | |
| | |
| | | | | | | | |
WTD AVERAGE COMMON SHARES OUTSTANDING — BASIC | | | 46,547,152 | | | | 46,491,863 | |
| | |
| | | | | | | | |
WTD AVERAGE COMMON SHARES OUTSTANDING — DILUTED | | | 47,598,736 | | | | 47,467,598 | |
| | |
| | |
(1) | | The Condensed Consolidated Statements of Income do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. |
|
(2) | | Impairment on four real estate assets classified as held for sale at March 31, 2007. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 3 of 11 |
3) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | | |
| | For the Three Months | |
| | Ended March 31, | |
| | 2007 | | | 2006 | |
CASH FLOWS FROM OPERATING ACTIVITIES | | | | | | | | |
Net income | | $ | 36,344 | | | $ | 12,495 | |
Non-cash items: | | | | | | | | |
Depreciation and amortization — real estate | | | 14,005 | | | | 15,363 | |
Depreciation and amortization — other | | | 569 | | | | 524 | |
Provision for bad debt | | | 5 | | | | 737 | |
Impairments | | | 2,792 | | | | — | |
Increase in straight-line rent receivable | | | (61 | ) | | | (361 | ) |
Increase in straight-line rent liability | | | 810 | | | | — | |
Equity in losses from unconsolidated LLCs | | | 97 | | | | 15 | |
Consolidated losses from variable interest entities | | | 206 | | | | 427 | |
Stock-based compensation | | | 1,712 | | | | 1,183 | |
Provision for deferred post-retirement benefits | | | 516 | | | | 528 | |
Other non-cash items | | | 45 | | | | 158 | |
| | | | | | |
Total non-cash items | | | 20,696 | | | | 18,574 | |
| | | | | | | | |
Other items: | | | | | | | | |
Increase in accounts payable and accrued liabilities | | | 2,085 | | | | 7,606 | |
Increase in other liabilities | | | 172 | | | | 237 | |
Increase in other assets | | | (69 | ) | | | (287 | ) |
Gain on sales of real estate, net of impairments | | | (30,389 | ) | | | (3,264 | ) |
| | | | | | |
Total other items | | | (28,201 | ) | | | 4,292 | |
| | | | | | |
Net cash provided by operating activities | | | 28,839 | | | | 35,361 | |
| | | | | | | | |
CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | |
Acquisition and development of real estate properties | | | (17,806 | ) | | | (9,490 | ) |
Funding of mortgages and notes receivable | | | (3,926 | ) | | | (16,494 | ) |
Investments in unconsolidated LLCs | | | — | | | | (9,365 | ) |
Distributions from unconsolidated LLCs | | | 262 | | | | 212 | |
Proceeds from sales of real estate | | | 110,205 | | | | 11,245 | |
Proceeds from mortgages and notes receivable repayments | | | 13,007 | | | | 27,527 | |
| | | | | | |
Net cash provided by investing activities | | | 101,742 | | | | 3,635 | |
| | | | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES | | | | | | | | |
Borrowings on notes and bonds payable | | | 72,839 | | | | 110,000 | |
Repayments on notes and bonds payable | | | (169,873 | ) | | | (121,063 | ) |
Dividends paid | | | (31,563 | ) | | | (31,533 | ) |
Debt issuance costs | | | — | | | | (1,331 | ) |
Common stock redemption | | | (374 | ) | | | — | |
Proceeds from issuance of common stock | | | 273 | | | | 266 | |
| | | | | | |
Net cash used in financing activities | | | (128,698 | ) | | | (43,661 | ) |
| | | | | | | | |
Increase (decrease) in cash and cash equivalents | | | 1,883 | | | | (4,665 | ) |
Cash and cash equivalents, beginning of period | | | 1,950 | | | | 7,037 | |
| | | | | | |
Cash and cash equivalents, end of period | | $ | 3,833 | | | $ | 2,372 | |
| | | | | | |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 4 of 11 |
4) RECONCILIATION OF FUNDS AVAILABLE FOR DISTRIBUTION (1)
| | | | |
| | For the Three Months | |
| | Ended March 31, | |
| | 2007 | |
Net Income | | $ | 36,344 | |
Less: Gain on sales of real estate, net | | | (30,389 | ) |
Plus: Total non-cash items included in cash flows from operating activities (2) | | | 20,696 | |
| | | |
Funds available for distribution | | $ | 26,651 | |
| | | |
| | | | |
Funds available for distribution per common share — Diluted | | $ | 0.56 | |
| | | |
| | | | |
Weighted average common shares outstanding — Diluted | | | 47,598,736 | |
| | | |
| | |
(1) | | Funds available for distribution does not represent cash generated from operating activities determined in accordance with accounting principles generally accepted in the United States and is not necessarily indicative of cash available to fund cash needs. Funds available for distribution should not be considered an alternative to net income as an indicator of the Company’s operating performance or as an alternative to cash flow as a measure of liquidity. |
|
(2) | | See Schedule 3, Condensed Consolidated Statements of Cash Flows. |
5) RECONCILIATION OF FUNDS FROM OPERATIONS (1)
| | | | | | | | |
| | For the Three Months | |
| | Ended March 31, | |
| | 2007 | | | 2006 | |
| | |
Net Income (2) | | $ | 36,344 | | | $ | 12,495 | |
| | | | | | | | |
Gain on sale of real estate properties, net | | | (30,389 | ) | | | (3,264 | ) |
Real estate depreciation and amortization | | | 14,371 | | | | 15,694 | |
| | |
Total adjustments | | | (16,018 | ) | | | 12,430 | |
| | |
| | | | | | | | |
Funds From Operations — Basic and Diluted | | $ | 20,326 | | | $ | 24,925 | |
| | |
| | | | | | | | |
Funds From Operations Per Common Share — Basic | | $ | 0.44 | | | $ | 0.54 | |
| | |
| | | | | | | | |
Funds From Operations Per Common Share — Diluted | | $ | 0.43 | | | $ | 0.53 | |
| | |
| | | | | | | | |
Wtd Average Common Shares Outstanding — Basic | | | 46,547,152 | | | | 47,491,863 | |
| | |
| | | | | | | | |
Wtd Average Common Shares Outstanding — Diluted | | | 47,598,736 | | | | 47,467,598 | |
| | |
| | |
(1) | | Funds From Operations (“FFO”) and FFO per share are operating performance measures adopted by the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”). NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to “net income (computed in accordance with generally accepted accounting principles), excluding gains (or losses) from sales of property plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.” Impairments are not added back to net income to measure FFO. |
|
| | Management uses FFO and FFO per share to compare and evaluate its own operating results from period to period, and to monitor the operating results of the Company’s peers in the REIT industry. The Company reports FFO and FFO per share because these measures are observed by management to also be the predominant measures used by the REIT industry and by industry analysts to evaluate REITs. However, FFO does not represent cash generated from operating activities determined in accordance with accounting principles generally accepted in the United States (“GAAP”) and is not necessarily indicative of cash available to fund cash needs. FFO should not be considered an alternative to net income as an indicator of the Company’s operating performance or as an alternative to cash flow as a measure of liquidity. |
|
(2) | | See Schedule 3, Condensed Consolidated Statements of Cash Flows, for a reconciliation of non-cash items included in net income. Net income and FFO for the three months ended March 31, 2007 were impacted by several non-cash items, including impairment charges totaling $2.8 million and severance and retirement charges of $1.5 million. Before these items, FFO per diluted common share for the three months ended March 31, 2007 would have been $0.52. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 5 of 11 |
6) INVESTMENT PROGRESSION
| | | | | | | | |
A) Construction in Progress (1) | | | | | | For the Three | |
| | Number of | | | Months Ended | |
| | Properties | | | 03/31/07 | |
| | |
Balance at beginning of period | | | 6 | | | $ | 38,835 | |
| | | | | | | | |
Fundings on projects in existence at the beginning of the period | | | 0 | | | | 11,459 | |
| | | | | | | | |
New projects started during the period | | | 0 | | | | 0 | |
| | | | | | | | |
Completions | | | (1 | ) | | | (17,939 | ) |
| | |
| | | | | | | | |
Balance at end of period | | | 5 | | | $ | 32,355 | |
| | |
| | | | | | | | |
B) Real Estate Properties (2) | | | | | | For the Three | |
| | Number of | | | Months Ended | |
| | Properties | | | 03/31/07 | |
| | |
Balance at beginning of period | | | 231 | | | $ | 1,893,491 | |
| | | | | | | | |
Acquisitions | | | 1 | | | | 7,316 | |
| | | | | | | | |
Additions/Improvements | | | 0 | | | | 2,006 | |
| | | | | | | | |
Completions (CIP) | | | 1 | | | | 17,939 | |
| | | | | | | | |
Assets held for sale | | | (52 | ) | | | (249,184 | ) |
| | | | | | | | |
Sales | | | (16 | ) | | | (99,557 | ) |
| | |
| | | | | | | | |
Balance at end of period | | | 165 | | | $ | 1,572,011 | |
| | |
| | | | | | | | |
C) Mortgage Notes Receivable (3) | | | | | | For the Three | |
| | Number of | | | Months Ended | |
| | Investments | | | 03/31/07 | |
| | |
Balance at beginning of period | | | 9 | | | $ | 73,856 | |
| | | | | | | | |
Funding of mortgages | | | 0 | | | | 0 | |
| | | | | | | | |
Repayments | | | (1 | ) | | | (10,800 | ) |
| | | | | | | | |
Amortization | | | 0 | | | | 0 | |
| | | | | | | | |
Scheduled principal payments | | | 0 | | | | (52 | ) |
| | | | | | | | |
Assets held for sale | | | (6 | ) | | | (46,111 | ) |
| | |
| | | | | | | | |
Balance at end of period | | | 2 | | | $ | 16,893 | |
| | - |
| | | | | | | | |
D) Unconsolidated LLCs | | | | | | For the Three | |
| | Number of | | | Months Ended | |
| | Investments | | | 03/31/07 | |
| | |
Balance at beginning of period | | | 3 | | | $ | 20,079 | |
| | | | | | | | |
New investments | | | 0 | | | | 0 | |
| | | | | | | | |
Investments in existing joint ventures | | | 0 | | | | 0 | |
| | | | | | | | |
Equity losses | | | 0 | | | | (97 | ) |
| | | | | | | | |
Cash distributions | | | 0 | | | | (262 | ) |
| | |
| | | | | | | | |
Balance at end of period | | | 3 | | | $ | 19,720 | |
| | |
| | |
(1) | | The Company completed a medical office building in Texas. |
|
(2) | | The Company purchased a building located in Tennessee. Also, the Company sold 16 buildings associated with its senior living portfolio. In addition, Real Estate Properties reflects assets classified as held for sale after the year ended December 31, 2006 that are anticipated to be sold during the second and third quarters of 2007. |
|
(3) | | One mortgage note receivable totaling $10.8 million secured by assisted living facilities in Washington was repaid in full. In addition, Mortgage Notes Receivable reflects assets classified as held for sale after the year ended December 31, 2006 that are anticipated to be sold during the second and third quarters of 2007. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 6 of 11 |
7) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION (1)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Medical | | | Physician | | | Ambulatory | | | Specialty | | | Specialty | | | | | | | | | | | % of | |
| | | | | | Office | | | Clinics | | | Care/Surgery | | | Outpatient | | | Inpatient | | | Other (2) | | | Total | | | Total | |
| | | | | | |
Master Leases
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 1 | | Alabama | | | | | | $ | 17,660 | | | | | | | $ | 2,698 | | | $ | 17,722 | | | $ | 9,445 | | | $ | 47,525 | | | | 2.9 | % |
| | 2 | | Arizona | | $ | 5,253 | | | | | | | | | | | | | | | | | | | | | | | | 5,253 | | | | 0.3 | % |
| | 3 | | Arkansas | | | | | | | | | | | | | | | 3,055 | | | | | | | | | | | | 3,055 | | | | 0.2 | % |
| | 4 | | California | | | | | | | 8,363 | | | $ | 1,046 | | | | | | | | 12,688 | | | | | | | | 22,097 | | | | 1.3 | % |
| | 5 | | Florida | | | 48,810 | | | | 37,372 | | | | 9,521 | | | | 3,411 | | | | 11,703 | | | | | | | | 110,817 | | | | 6.8 | % |
| | 6 | | Georgia | | | 7,416 | | | | 2,683 | | | | 1,595 | | | | | | | | | | | | | | | | 11,694 | | | | 0.7 | % |
| | 7 | | Illinois | | | 11,939 | | | | | | | | 1,486 | | | | | | | | | | | | | | | | 13,425 | | | | 0.8 | % |
| | 8 | | Indiana | | | | | | | 21,597 | | | | | | | | | | | | 43,406 | | | | | | | | 65,003 | | | | 4.0 | % |
| | 9 | | Massachusetts | | | | | | | 12,035 | | | | | | | | | | | | | | | | | | | | 12,035 | | | | 0.7 | % |
| | 10 | | Michigan | | | | | | | | | | | | | | | | | | | 13,859 | | | | | | | | 13,859 | | | | 0.8 | % |
| | 11 | | Missouri | | | | | | | | | | | 4,708 | | | | 16,370 | | | | | | | | | | | | 21,078 | | | | 1.3 | % |
| | 12 | | Nevada | | | | | | | | | | | 3,801 | | | | | | | | | | | | | | | | 3,801 | | | | 0.2 | % |
| | 13 | | Pennsylvania | | | | | | | | | | | | | | | | | | | 113,867 | | | | | | | | 113,867 | | | | 6.9 | % |
| | 14 | | Tennessee | | | 2,611 | | | | 5,351 | | | | | | | | | | | | | | | | 7,316 | | | | 15,278 | | | | 0.9 | % |
| | 15 | | Texas | | | 20,391 | | | | 3,714 | | | | 40,692 | | | | | | | | 19,225 | | | | | | | | 84,022 | | | | 5.1 | % |
| | 16 | | Virginia | | | 31,029 | | | | 30,807 | | | | | | | | 2,166 | | | | | | | | 9,144 | | | | 73,146 | | | | 4.5 | % |
| | | | | | |
| | | | Master Leases | | $ | 127,449 | | | $ | 139,582 | | | $ | 62,849 | | | $ | 27,700 | | | $ | 232,470 | | | $ | 25,905 | | | $ | 615,955 | | | | 37.5 | % |
| | | | | | |
|
| | | | | | Same facility NOI growth for Master Leases (1Q2007 vs. 1Q2006): | 3.0% |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating Properties
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 1 | | Arizona | | | 25,322 | | | | 1,900 | | | | | | | | | | | | | | | | | | | | 27,222 | | | | 1.7 | % |
| | 2 | | California | | | 60,247 | | | | | | | | 38,197 | | | | | | | | | | | | 27 | | | | 98,471 | | | | 6.0 | % |
| | 3 | | Colorado | | | 1,331 | | | | | | | | | | | | | | | | | | | | | | | | 1,331 | | | | 0.1 | % |
| | 4 | | District of Columbia | | | 29,756 | | | | | | | | | | | | | | | | | | | | | | | | 29,756 | | | | 1.8 | % |
| | 5 | | Florida | | | 83,195 | | | | 16,334 | | | | | | | | | | | | | | | | | | | | 99,529 | | | | 6.1 | % |
| | 6 | | Hawaii | | | 33,572 | | | | | | | | | | | | | | | | | | | | | | | | 33,572 | | | | 2.0 | % |
| | 7 | | Illinois | | | 20,434 | | | | | | | | | | | | | | | | | | | | | | | | 20,434 | | | | 1.2 | % |
| | 8 | | Kansas | | | 12,207 | | | | | | | | | | | | | | | | | | | | | | | | 12,207 | | | | 0.7 | % |
| | 9 | | Louisiana | | | 11,685 | | | | | | | | | | | | | | | | | | | | | | | | 11,685 | | | | 0.7 | % |
| | 10 | | Maryland | | | 15,191 | | | | | | | | | | | | | | | | | | | | | | | | 15,191 | | | | 0.9 | % |
| | 11 | | Michigan | | | 21,592 | | | | | | | | | | | | | | | | | | | | | | | | 21,592 | | | | 1.3 | % |
| | 12 | | Mississippi | | | 7,181 | | | | | | | | | | | | | | | | | | | | | | | | 7,181 | | | | 0.4 | % |
| | 13 | | Missouri | | | 19,666 | | | | | | | | | | | | | | | | | | | | | | | | 19,666 | | | | 1.2 | % |
| | 14 | | Nevada | | | 53,838 | | | | | | | | | | | | | | | | | | | | | | | | 53,838 | | | | 3.3 | % |
| | 15 | | Pennsylvania | | | 10,789 | | | | | | | | | | | | | | | | | | | | | | | | 10,789 | | | | 0.7 | % |
| | 16 | | Tennessee | | | 154,901 | | | | 2,333 | | | | | | | | | | | | | | | | 795 | | | | 158,029 | | | | 9.6 | % |
| | 17 | | Texas | | | 308,892 | | | | 16,558 | | | | | | | | | | | | | | | | 9,223 | | | | 334,673 | | | | 20.4 | % |
| | 18 | | Wyoming | | | 19,607 | | | | | | | | | | | | | | | | | | | | | | | | 19,607 | | | | 1.2 | % |
| | | | | | |
| | | | Oper. Properties | | $ | 889,406 | | | $ | 37,125 | | | $ | 38,197 | | | $ | — | | | $ | — | | | $ | 10,045 | | | $ | 974,773 | | | | 59.4 | % |
| | | | | | |
| | | | | | Same facility NOI growth for Operating Properties (1Q2007 vs. 1Q2006): | 2.8% |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Corporate Property | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,638 | | | | 0.8 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | |
| | | | Total Equity Investments | | $ | 1,016,855 | | | $ | 176,707 | | | $ | 101,046 | | | $ | 27,700 | | | $ | 232,470 | | | $ | 35,950 | | | $ | 1,604,366 | | | | 97.8 | % |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | |
| | | | 1Q 2007 Net Operating Income | | $ | 19,711 | | | $ | 2,856 | | | $ | 2,295 | | | $ | 626 | | | $ | 6,700 | | | $ | 1,881 | | | | | | | | | |
| | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Mortgage Investments | | | | | | | 16,893 | | | | | | | | | | | | | | | | | | | | 16,893 | | | | 1.0 | % |
| | | | | | |
| | | | Mtg. Investments | | $ | — | | | $ | 16,893 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 16,893 | | | | 1.0 | % |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unconsolidated LLCs
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 1 | | Oregon | | | 2,120 | | | | | | | | | | | | | | | | | | | | | | | | 2,120 | | | | 0.1 | % |
| | 2 | | Utah | | | | | | | | | | | | | | | | | | | | | | | 6,627 | | | | 6,627 | | | | 0.4 | % |
| | 3 | | Washington | | | 10,973 | | | | | | | | | | | | | | | | | | | | | | | | 10,973 | | | | 0.7 | % |
| | | | | | |
| | | | LLC Investments | | $ | 13,093 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,627 | | | $ | 19,720 | | | | 1.2 | % |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Total Investments | | $ | 1,029,948 | | | $ | 193,600 | | | $ | 101,046 | | | $ | 27,700 | | | $ | 232,470 | | | $ | 42,577 | | | $ | 1,640,979 | | | | 100.0 | % |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Percent of $ Invested | | | 63.2 | % | | | 11.9 | % | | | 6.2 | % | | | 1.7 | % | | | 14.3 | % | | | 2.7 | % | | | 100.0 | % | | | | |
| | | | | | |
| | |
(1) | | Excludes assets held for sale |
|
(2) | | Includes other commercial properties. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 7 of 11 |
8) SQUARE FEET OWNED AND/OR MANAGED (1)
A)By Geographic Location
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Number of Properties | | | Owned | | | Third Party | | | | | | | |
| | | | | | | | | | | | Third | | | | | | | Not | | | Construction | | | | | | | Property | | | | | | | |
| | | | | | | | Owned | | | Party | | | Total | | | Managed | | | In Progress | | | Managed | | | Management | | | Total | | | Percent | |
| | | | | | | | | | |
| | | 1 | | | Texas | | | 43 | | | | | | | | 43 | | | | 313,965 | | | | 198,200 | | | | 2,480,156 | | | | | | | | 2,992,321 | | | | 27.8 | % |
| | | 2 | | | Tennessee | | | 19 | | | | 5 | | | | 24 | | | | 136,396 | | | | | | | | 1,259,148 | | | | 251,604 | | | | 1,647,148 | | | | 15.3 | % |
| | | 3 | | | Florida | | | 27 | | | | | | | | 27 | | | | 584,420 | | | | | | | | 567,103 | | | | | | | | 1,151,523 | | | | 10.7 | % |
| | | 4 | | | Virginia | | | 13 | | | | 1 | | | | 14 | | | | 692,975 | | | | | | | | | | | | 111,998 | | | | 804,973 | | | | 7.5 | % |
| | | 5 | | | California | | | 11 | | | | | | | | 11 | | | | 97,913 | | | | | | | | 458,465 | | | | | | | | 556,378 | | | | 5.2 | % |
| | | 6 | | | Pennsylvania | | | 7 | | | | | | | | 7 | | | | 437,601 | | | | | | | | 63,914 | | | | | | | | 501,515 | | | | 4.7 | % |
| | | 7 | | | Alabama | | | 6 | | | | | | | | 6 | | | | 327,535 | | | | | | | | | | | | | | | | 327,535 | | | | 3.0 | % |
| | | 8 | | | Michigan | | | 4 | | | | | | | | 4 | | | | 113,555 | | | | | | | | 199,749 | | | | | | | | 313,304 | | | | 2.9 | % |
| | | 9 | | | Hawaii | | | 3 | | | | | | | | 3 | | | | | | | | 144,000 | | | | 138,450 | | | | | | | | 282,450 | | | | 2.6 | % |
| | | 10 | | | Arizona | | | 7 | | | | 1 | | | | 8 | | | | 44,230 | | | | | | | | 160,780 | | | | 59,106 | | | | 264,116 | | | | 2.5 | % |
| | | 11 | | | Illinois | | | 3 | | | | | | | | 3 | | | | 115,100 | | | | | | | | 142,955 | | | | | | | | 258,055 | | | | 2.4 | % |
| | | 12 | | | Nevada | | | 3 | | | | | | | | 3 | | | | 16,878 | | | | | | | | 225,456 | | | | | | | | 242,334 | | | | 2.2 | % |
| | | 13 | | | Missouri | | | 5 | | | | | | | | 5 | | | | 81,580 | | | | | | | | 106,146 | | | | | | | | 187,726 | | | | 1.7 | % |
| | | 14 | | | District of Columbia | | | 2 | | | | | | | | 2 | | | | | | | | | | | | 182,836 | | | | | | | | 182,836 | | | | 1.7 | % |
| | | 15 | | | Indiana | | | 2 | | | | | | | | 2 | | | | 175,999 | | | | | | | | | | | | | | | | 175,999 | | | | 1.6 | % |
| | | 16 | | | Colorado | | | 2 | | | | | | | | 2 | | | | | | | | 169,050 | | | | — | | | | | | | | 169,050 | | | | 1.6 | % |
| | | 17 | | | Wyoming | | | 1 | | | | | | | | 1 | | | | | | | | | | | | 139,647 | | | | | | | | 139,647 | | | | 1.3 | % |
| | | 18 | | | Louisiana | | | 2 | | | | | | | | 2 | | | | | | | | | | | | 133,211 | | | | | | | | 133,211 | | | | 1.2 | % |
| | | 19 | | | Mississippi | | | 1 | | | | 1 | | | | 2 | | | | — | | | | | | | | 58,036 | | | | 39,648 | | | | 97,684 | | | | 0.9 | % |
| | | 20 | | | Maryland | | | 2 | | | | | | | | 2 | | | | | | | | | | | | 94,664 | | | | | | | | 94,664 | | | | 0.9 | % |
| | | 21 | | | Massachusetts | | | 2 | | | | | | | | 2 | | | | 84,242 | | | | | | | | | | | | | | | | 84,242 | | | | 0.8 | % |
| | | 22 | | | Georgia | | | 3 | | | | | | | | 3 | | | | 78,779 | | | | | | | | | | | | | | | | 78,779 | | | | 0.7 | % |
| | | 23 | | | Kansas | | | 1 | | | | | | | | 1 | | | | | | | | | | | | 70,908 | | | | | | | | 70,908 | | | | 0.7 | % |
| | | 24 | | | Arkansas | | | 1 | | | | | | | | 1 | | | | 11,963 | | | | | | | | | | | | | | | | 11,963 | | | | 0.1 | % |
| | | | | | | | | | |
| | Total Properties / Square Feet | | | 170 | | | | 8 | | | | 178 | | | | 3,313,131 | | | | 511,250 | | | | 6,481,624 | | | | 462,356 | | | | 10,768,361 | | | | 100.0 | % |
| | | | | | | | | | |
B)By Facility Type
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Owned | | | Third Party | | | | | | | |
| | Not | | | Construction | | | | | | | Total | | | Property | | | | | | | |
| | Managed | | | In Progress | | | Managed | | | Owned | | | Management | | | Total | | | Percent | |
| | |
Medical Office | | | 885,412 | | | | 511,250 | | | | 5,970,088 | | | | 7,366,750 | | | | 462,356 | | | | 7,829,106 | | | | 72.7 | % |
Physician Clinics | | | 820,108 | | | | | | | | 228,569 | | | | 1,048,677 | | | | | | | | 1,048,677 | | | | 9.7 | % |
Specialty Inpatient | | | 977,249 | | | | | | | | | | | | 977,249 | | | | | | | | 977,249 | | | | 9.1 | % |
Ambulatory Care/Surgery | | | 165,113 | | | | | | | | 282,967 | | | | 448,080 | | | | | | | | 448,080 | | | | 4.2 | % |
Other | | | 347,121 | | | | | | | | 0 | | | | 347,121 | | | | | | | | 347,121 | | | | 3.2 | % |
Specialty Outpatient | | | 118,128 | | | | | | | | | | | | 118,128 | | | | | | | | 118,128 | | | | 1.1 | % |
| | |
Total Square Feet | | | 3,313,131 | | | | 511,250 | | | | 6,481,624 | | | | 10,306,005 | | | | 462,356 | | | | 10,768,361 | | | | 100.0 | % |
| | |
Percent of Total Square Footage | | | 30.8 | % | | | 4.7 | % | | | 60.2 | % | | | 95.7 | % | | | 4.3 | % | | | 100.0 | % | | | | |
| | | | | | |
Total Number of Properties | | | 71 | | | | 5 | | | | 94 | | | | 170 | | | | 8 | | | | 178 | | | | | |
| | | | | | |
C)By Occupancy (3)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | % of Total | |
| | Medical | | | Physician | | | Ambulatory | | | Specialty | | | Specialty | | | | | | | | | | | Square | |
| | Office (2) | | | Clinics | | | Care/Surgery | | | Outpatient | | | Inpatient | | | Other | | | Total | | | Feet | |
| | |
Occupants Greater than 1% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
1 Healthsouth | | | 116,431 | | | | | | | | | | | | | | | | 643,383 | | | | | | | | 759,814 | | | | 7.4 | % |
2 Baylor Health Systems | | | 687,043 | | | | | | | | | | | | | | | | | | | | | | | | 687,043 | | | | 6.7 | % |
3 HCA | | | 376,027 | | | | | | | | | | | | | | | | | | | | | | | | 376,027 | | | | 3.6 | % |
4 OrthoIndy | | | | | | | 58,474 | | | | | | | | | | | | 117,525 | | | | | | | | 175,999 | | | | 1.7 | % |
5 Ascension Nashville | | | 143,963 | | | | | | | | | | | | | | | | | | | | | | | | 143,963 | | | | 1.4 | % |
6 Melbourne Internal Medicine Assocs | | | 140,128 | | | | | | | | | | | | | | | | | | | | | | | | 140,128 | | | | 1.4 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
All Other Occupants less than 1% | | | 5,903,158 | | | | 918,775 | | | | 347,121 | | | | 118,128 | | | | 287,769 | | | | 448,080 | | | | 8,023,031 | | | | 77.8 | % |
| | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Square Feet | | | 7,366,750 | | | | 977,249 | | | | 347,121 | | | | 118,128 | | | | 1,048,677 | | | | 448,080 | | | | 10,306,005 | | | | 100.0 | % |
| | |
| | |
(1) | | Mortgages, limited liability companies investments and assets classified as held for sale are excluded. |
|
(2) | | Medical Office consists of approximately 2,465 occupants with an average square footage of approximately 2,988 square feet. |
|
(3) | | Excludes assets held for sale and third party managed properties. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 8 of 11 |
9) LEASE/SUPPORT AGREEMENT MATURITY SCHEDULE (2)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | 1Q 2007 | | | | | | | 1Q 2007 | | | | | | | 1Q 2007 | | | | | | | Weighted | |
| | | | | | Annualized | | | Number of | | | Annualized | | | Number of | | | Annualized | | | | | | | Average | |
| | Number of | | | Master | | | Operating | | | Operating | | | Control & | | | Control & | | | Percent of | | | Remaining | |
| | Master | | | Lease | | | Property | | | Property Leases | | | Support | | | Support | | | Annualized | | | Lease | |
| | Leases | | | Revenue (3) | | | Leases (1) | | | Revenue | | | Agreements | | | Net Revenue (3) | | | Net Revenue | | | Term (Years) | |
| | |
2007 | | | 5 | | | $ | 1,111 | | | | 352 | | | $ | 22,412 | | | | 1 | | | $ | 2,339 | | | | 11.9 | % | | | | |
2008 | | | 7 | | | | 6,320 | | | | 226 | | | | 12,909 | | | | 4 | | | | 5,434 | | | | 11.3 | % | | | | |
2009 | | | 17 | | | | 10,652 | | | | 336 | | | | 24,533 | | | | 1 | | | | 1,589 | | | | 16.9 | % | | | | |
2010 | | | 9 | | | | 5,742 | | | | 147 | | | | 9,226 | | | | — | | | | — | | | | 6.9 | % | | | | |
2011 | | | 10 | | | | 10,300 | | | | 121 | | | | 8,706 | | | | — | | | | — | | | | 8.7 | % | | | | |
2012 | | | 4 | | | | 3,709 | | | | 33 | | | | 3,718 | | | | — | | | | — | | | | 3.4 | % | | | | |
2013 | | | 4 | | | | 7,482 | | | | 32 | | | | 7,610 | | | | — | | | | — | | | | 6.9 | % | | | | |
2014 | | | 3 | | | | 1,935 | | | | 34 | | | | 7,332 | | | | — | | | | — | | | | 4.3 | % | | | | |
2015 | | | — | | | | — | | | | 23 | | | | 5,808 | | | | — | | | | — | | | | 2.7 | % | | | | |
After 2015 | | | 8 | | | | 43,121 | | | | 28 | | | | 3,239 | | | | 9 | | | | 12,383 | | | | 27.0 | % | | | | |
| | |
Total | | | 67 | | | $ | 90,372 | | | | 1,332 | | | $ | 105,493 | | | | 15 | | | $ | 21,745 | | | | 100.0 | % | | | 4.86 | |
| | |
| | |
(1) | | Represents 83 properties. |
|
(2) | | Excludes assets held for sale and construction in progress. |
|
(3) | | Includes the guaranteed net revenue as specified in the agreements and ignores revenues from any underlying tenant leases. |
10) CONSTRUCTION IN PROGRESS (1) — AS OF MARCH 31, 2007
| | | | | | | | | | | | | | | | | | | | |
| | Estimated | | | | | | | | | | | | | | |
| | Substantial | | | | | | | Investment | | | Remaining | | | Total | |
Operator | | Completion Date | | | Properties | | | Balance | | | Commitment | | | Real Estate | |
| | |
Baylor North Garland MOB | | | 2Q 2007 | | | | 1 | | | $ | 8,680 | | | $ | 2,978 | | | $ | 11,658 | |
Baylor All Saints MOB | | | 3Q 2007 | | | | 1 | | | | 11,732 | | | | 13,182 | | | | 24,914 | |
Briargate MOB | | | 1Q 2008 | | | | 2 | | | | 1,332 | | | | 24,928 | | | | 26,260 | |
Honolulu MOB | | | 2Q 2009 | | | | 1 | | | | 10,611 | | | | 63,547 | | | | 74,158 | |
| | | | | | |
| | | | | | | 5 | | | $ | 32,355 | | | $ | 104,635 | | | $ | 136,990 | |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Percentage of construction in progress to total investment portfolio: | | | 1.97 | % | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | |
(1) | | During the three months ended March 31, 2007 the Company capitalized interest in the amount of $0.7 million. |
11) LONG-TERM DEBT INFORMATION — As of March 31, 2007
| | |
A) | | Breakdown Between Fixed and Variable Rate Debt: |
| | | | | | | | | | |
| | Balance | | | Effective Rate | | Contractual Rate | | |
| | | | |
Fixed Rate Debt: | | | | | | | | | | |
Senior Notes due 2011, including premium | | $ | 301,029 | | | 7.896% | | 8.125% | | See Note (C) |
Senior Notes due 2014, net of discount | | | 298,872 | | | 5.190% | | 5.125% | | See Note (D) |
Mortgage Notes Payable | | | 52,059 | | | Range from 5.49% to 8.00% | | Range from 5.55% to 8.50% | | See Note (E) |
| | | | | | | | | |
| | | 651,960 | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | |
Variable Rate Debt: | | | | | | | | | | |
Unsecured Credit Facility due 2009 | | | 92,000 | | | 0.90% over LIBOR | | 0.90% over LIBOR | | See Note (F) |
| | | | | | | | | |
| | | 92,000 | | | | | | | |
| | | | | | | | | |
Total | | $ | 743,960 | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | 2012 | | | | |
| | 2007 | | | 2008 | | | 2009 | | | 2010 | | | 2011 | | | and After | | | Total | |
| | |
Fixed Rate Debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Senior Notes due 2011, including premium | | $ | 165 | | | $ | 236 | | | $ | 255 | | | $ | 276 | | | $ | 300,097 | | | $ | — | | | $ | 301,029 | |
Senior Notes due 2014, net of discount | | | (104 | ) | | | (145 | ) | | | (153 | ) | | | (161 | ) | | | (169 | ) | | | 299,604 | | | | 298,872 | |
Mortgage Notes Payable | | | 2,610 | | | | 3,711 | | | | 3,994 | | | | 4,296 | | | | 2,102 | | | | 35,346 | | | | 52,059 | |
Variable Rate Debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Unsecured Credit Facility due 2009 | | | — | | | | — | | | | 92,000 | | | | — | | | | | | | | — | | | | 92,000 | |
| | |
| | $ | 2,671 | | | $ | 3,802 | | | $ | 96,096 | | | $ | 4,411 | | | $ | 302,030 | | | $ | 334,950 | | | $ | 743,960 | |
| | |
| | |
C) | | In May 2001, the Company sold $300 million principal amount of unsecured Senior Notes due May 2011. The notes were issued at a discount, which yielded an 8.202% interest rate. In 2001, the Company entered into interest rate swaps (“swaps”) for notional amounts of $125 million to offset changes in the fair value of $125 million of the notes. These interest rate swaps were terminated in June 2006, resulting in a net premium of $1.2 million, which will be amortized against interest expense through the remaining term of the notes. |
| | |
D) | | In March 2004, the Company sold at a discount $300 million principal amount of 5.125% unsecured Senior Notes due April 2014. The notes were priced to yield 5.19%. |
| | |
E) | | Excludes Mortgage Notes Payable included in liabilities held for sale. |
| | |
F) | | Effective January 25, 2006, the Company entered into a three-year $400 million senior unsecured revolving credit facility. The facility may be increased to $650 million at any time during the first two years of the facility term, at the Company’s request, subject to the availability of additional capital commitments, and may be extended for one year. The facility currently bears interest at LIBOR rates plus 0.90% payable quarterly and matures in January. |
| | |
| | 2009. In addition, the Company pays a facility fee, currently 0.20%, on the commitment and is subject to other terms and conditions customary for such transactions. |
| | |
G) | | Credit Rating: |
| | |
| | Moody’s Investors Service has assigned a “Baa3” credit rating to the Company’s Senior Notes due 2011 and 2014. |
| | |
| | Standard & Poor’s has assigned a “BBB-” credit rating to the Company’s Senior Notes due 2011 and 2014. |
| | |
| | Fitch Ratings has assigned a “BBB” credit rating to the Company’s Senior Notes due 2011 and 2014. |
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 9 of 11 |
12) OTHER CORPORATE INFORMATION
A) Corporate Headquarters:
Healthcare Realty Trust Incorporated
3310 West End Avenue, Suite 700
Nashville, TN 37203
Phone: (615) 269-8175
Fax: (615) 269-8461
E-mail: communications@healthcarerealty.com
Website: www.healthcarerealty.com
B) Stock Exchange, Symbol and CUSIP Number:
| | | | | | | | |
Security Description | | Stock Exchange | | Symbol | | CUSIP Number | |
|
Common Stock | | New York Stock Exchange | | HR | | | 421946104 | |
Senior Notes due 2011 | | OTC | | HR | | | 421946AE4 | |
Senior Notes due 2014 | | OTC | | HR | | | 421946AF1 | |
D) Corporate Officers:
David R. Emery, Chairman of the Board and Chief Executive Officer
John M. Bryant, Jr., Senior Vice President and General Counsel
Scott W. Holmes, Senior Vice President and Chief Financial Officer
B. Douglas Whitman, II, Senior Vice President / Real Estate Investments
Fredrick M. Langreck, Senior Vice President / Treasurer and Assistant Secretary
James M. Albright, Vice President / Asset Management
Anne C. Barbour, Vice President / National Asset Manager
Amy A. Byrd, Vice President / National Asset Manager
J. C. Caudell, Vice President / Director of Asset Management
Stephen E. Cox, Jr., Vice President / Assistant General Counsel
James C. Douglas, Vice President / Asset Administration
Gilbert T. Irvin, Vice President / Operations
Todd J. Meredith, Vice President / Real Estate Investments
Amy M. Poley, Vice President / Real Estate Investments
Leigh Ann Stach, Vice President / Financial Reporting
Steve L. Standifer, Vice President / Real Estate Investments
David L. Travis, Vice President / Chief Accounting Officer
Roger O. West, Vice President / Special Counsel
Julie A. Wilson, Vice President / National Asset Manager
William R. Davis, Associate Vice President / Information Technology
Stephen D. Denney, Associate Vice President / Real Estate Investments
Glenn D. Herndon, Associate Vice President / Controller
Robert E. Hull, Associate Vice President / Asset Administration
Matthew J. Lederer, Associate Vice President / Real Estate Investments
Revell M. Lester, Associate Vice President / Project Development Services
Bethany A. Mancini, Associate Vice President / Corporate Communications
Rebecca T. Oberlander, Associate Vice President / Human Resources
Connie M. Seal, Associate Vice President / Tax Manager
Timothy H. Staggs, Associate Vice President / Corporate Compliance
Kimberly R. Sullivan, Associate Vice President / Asset Administration
Rita H. Todd, Corporate Secretary
E) Board of Directors:
David R. Emery, Chairman of the Board and Chief Executive Officer, Healthcare Realty Trust Incorporated
Errol L. Biggs, Ph.D., Director — Center for Health Administration, University of Colorado (Healthcare Academician)
C. Raymond Fernandez, M.D., Chief Executive Officer and Chief Medical Officer, Piedmont Clinic (Physician)
Batey M. Gresham, Jr., A.I.A., Founder, Gresham Smith & Partners (Healthcare Architect)
Marliese E. Mooney (Hospital Operations Consultant)
Edwin B. Morris III, Managing Director, Morris & Morse (Real Estate Finance Executive)
J. Knox Singleton, Chief Executive Officer, INOVA Health Systems (Healthcare Provider Executive)
Bruce D. Sullivan, retired audit partner, Ernst & Young LLP (Accounting and Financial Reporting Executive)
Dan S. Wilford, retired President and Chief Executive Officer, Memorial Hermann Healthcare System (Healthcare Provider Executive)
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 10 of 11 |
13) OTHER CORPORATE INFORMATION (cont.)
F) Professional Affiliations:
Independent Public Auditors
BDO Seidman, LLP
414 Union Street, Suite 1800
Nashville, TN 37219
Transfer Agent
Computershare Trust Company, N.A.
P.O. Box 43010
Providence, RI 02940-3010
Phone: 1-800-733-5001
G) Dividend Reinvestment Plan:
Through the Company’s transfer agent, Computershare, named shareholders of record can re-invest dividends in shares at a 5% discount without a service or sales charge. In addition, up to $60 thousand of HR common stock may be purchased per calendar year through the transfer agent without a service or sales charge to the shareholder. For information, write Computershare, Investor Services, P.O. Box 43010, Providence, RI 02940-3010, or call 1-800-733-5001. Information may also be obtained at the transfer agent’s website, www.computershare.com.
H) Direct Deposit of Dividends:
Direct deposit of dividends is offered as a convenience to shareholders of record. For information, write Computershare, Investor Services, P.O. Box 43010, Providence, RI 02940-3010, or call 1-800-733-5001.
I) Analysts Providing Research Coverage on HR:
| | | | |
| | A.G. Edwards & Sons, Inc. | | John Sheehan (314) 955-5834 |
| | BMO Capital Markets-US | | Richard Anderson (212) 885-4180 |
| | Friedman, Billings, Ramsey & Co. | | James Kumpel (703) 312-1255 |
| | Morgan Keegan & Co., Inc. | | Rob Mains (800) 762-6246 |
| | Stifel Nicolaus & Co., Inc. | | Jerry Doctrow (410) 454-5142 |
| | Wachovia Securities | | Stephen Swett (212) 909-0954 |
J) Investor Relations:
Healthcare Realty Trust Incorporated
3310 West End Avenue, Suite 700
Nashville, TN 37203
Attention: Gabrielle M. Andres
Phone: (615) 269-8471
Fax: (615) 269-8461
E-mail: GAndres@healthcarerealty.com
In addition to the historical information contained within, this enclosed information may contain forward-looking statements that involve risks and uncertainties, including the development of transactions that may materially differ from the results of these projections. These risks are discussed in a 10-K filed with the SEC by Healthcare Realty Trust for the year ended December 31, 2006. Forward-looking statements represent the Company’s judgment as of the date of the release of this information.
The Company disclaims any obligation to update this forward-looking material.
| | |
| | |
Healthcare Realty Trust Supplemental Data Report Three Months Ended March 31, 2007 | | Page 11 of 11 |