Healthcare Realty Trust 8-K Healthcare Realty Trust Announces Fourth Quarter Results

Supplemental Information

Three Months Ended December 31, 2007

Dollars in thousands, except per share data, unless otherwise disclosed

Furnished as of February 25, 2008

Quarterly Supplemental Information is also available on the Company’s website — www.healthcarerealty.com
Gabrielle M. Andres (615) 269-8471
Email: 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 filings with the Securities and Exchange Commission by Healthcare Realty Trust, including its Annual Report onForm 10-K for the year ended December 31, 2007 under the heading “Risk Factors.” 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 Incorporated
Supplemental Information
Three Months Ended December 31, 2007 Page 1 of 9

TABLE OF CONTENTS

Schedule 1 - Corporate Information	3
Schedule 2 - Consolidated Balance Sheets	4
Schedule 3 - Investment Progression	5
Schedule 4 - Investment by Type and Geographic Location	6
Schedule 5 - Construction in Progress (CIP) and Developments	7
Schedule 6 - Square Feet Owned and/or Managed	8
Schedule 7 - Lease Maturity Schedule	9
Schedule 8 - Joint Venture Investments	9

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended December 31, 2007 Page 2 of 9

(1) CORPORATE INFORMATION

A) Corporate Headquarters:

Healthcare Realty Trust Incorporated
Healthcare Realty Services Incorporated
3310 West End Avenue, Suite 700
Nashville, TN 37203
Phone: (615) 269-8175
Fax: (615) 269-8461
E-mail: communications@healthcarerealty.com

Regional Offices:

Central Office — Arizona
Eastern Office — Tennessee
Southwestern Office — Texas
Western Office — California

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

C)	Web Site:www.healthcarerealty.com
D)	Executive Officers:

David R. Emery, Chairman of the Board and Chief Executive Officer
Scott W. Holmes, Executive Vice President and Chief Financial Officer
B. Douglas Whitman, II, Executive Vice President, Real Estate Investments
John M. Bryant, Jr., Executive Vice President and General Counsel

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, Graduate Programs in Health Administration, University of Colorado
C. Raymond Fernandez, M.D., Chief Executive Officer, Piedmont Clinic
Batey M. Gresham, Jr., A.I.A., Founder, Gresham Smith & Partners
Marliese E. Mooney, Independent Healthcare Consultant
Edwin B. Morris III, Managing Director, Morris & Morse Company, Inc.
J. Knox Singleton, President and Chief Executive Officer, Inova Health Systems
Bruce D. Sullivan, Retired Audit Partner, Ernst & Young LLP
Dan S. Wilford, Retired President and Chief Executive Officer, Memorial Hermann Healthcare System

F) Professional Affiliations:

Independent Registered Public Accounting Firm
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 stockholders 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 stockholders of record. For information, write Computershare, Investor Services, P.O. Box 43010, Providence, RI 02940-3010, or call 1-800-733-5001.

I) 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

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended December 31, 2007 Page 3 of 9

(2) CONSOLIDATED BALANCE SHEETS

	December 31,			December 31,
	2007			2006
ASSETS
Real estate properties:
Land	$	102,321		$	121,330
Buildings, improvements, and lease intangibles		1,483,547			1,737,126
Personal property		16,305			22,707
Construction in progress		94,457			47,163
		1,696,630			1,928,326
Less accumulated depreciation		(345,457	)		(373,706	)
Total real estate properties, net		1,351,173			1,554,620
Cash and cash equivalents		8,519			1,950
Mortgage notes receivable		30,117			73,856
Assets held for sale and discontinued operations, net (1)		15,639			—
Other assets, net		90,044			106,177
Total assets	$	1,495,492		$	1,736,603
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Notes and bonds payable	$	785,289		$	849,982
Accounts payable and accrued liabilities		37,376			32,448
Liabilities of discontinued operations (1)		34			—
Other liabilities		40,798			28,501
Total liabilities		863,497			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; 50,691,331 and 47,805,448 shares issued and outstanding at December 31, 2007 and December 31, 2006, respectively		507			478
Additional paid-in capital		1,286,071			1,211,234
Accumulated other comprehensive loss		(4,346	)		(4,035	)
Cumulative net income		695,182			635,120
Cumulative dividends		(1,345,419	)		(1,017,125	)
Total stockholders’ equity		631,995			825,672
Total liabilities and stockholders’ equity	$	1,495,492		$	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 to be sold as held for sale and includes the results of operations of real estate properties sold or held for sale in discontinued operations on the Company’s Consolidated Statements of Income.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended December 31, 2007 Page 4 of 9

(3) INVESTMENT PROGRESSION

A) Construction in Progress (1)

			For the Three						For the Twelve
	Number of		Months Ended			Number of			Months Ended
	Properties		December 31, 2007			Properties			December 31, 2007
Balance at beginning of period		8	$	77,925			7		$	47,163
Fundings on projects in existence at the beginning of the period		0		10,587			0			32,512
New projects started during the period		2		12,353			5			23,889
Land held for development		0		(6,408	)		0			18,554
Completions		0		0			(2	)		(27,661	)
Balance at end of period		10	$	94,457			10		$	94,457

B) Real Estate Properties (2)

				For the Three						For the Twelve
	Number of			Months Ended			Number of			Months Ended
	Properties			December 31, 2007			Properties			December 31, 2007
Balance at beginning of period		164		$	1,580,356			230		$	1,881,163
Acquisitions		0			0			3			30,596
Additions/Improvements		0			11,943			0			28,697
Completions (CIP)		0			0			2			27,661
Assets held for sale		(1	)		(18,485	)		(6	)		(25,861	)
Reclassified assets previously held for sale to held for use		7			28,359			0			0
Sales		0			0			(59	)		(340,083	)
Balance at end of period		170		$	1,602,173			170		$	1,602,173

C) Mortgage Notes Receivable

			For the Three						For the Twelve
	Number of		Months Ended			Number of			Months Ended
	Investments		December 31, 2007			Investments			December 31, 2007
Balance at beginning of period		3	$	19,384			9		$	73,856
Funding of mortgages		1		10,739			2			14,150
Repayments		0		0			(7	)		(57,805	)
Scheduled principal payments		0		(6	)		0			(84	)
Balance at end of period		4	$	30,117			4		$	30,117

D) Unconsolidated LLCs

			For the Three					For the Twelve
	Number of		Months Ended			Number of		Months Ended
	Investments		December 31, 2007			Investments		December 31, 2007
Balance at beginning of period		3	$	18,893			3	$	20,079
New investments during the period		0		0			0		0
Additional investments during the period		0		0			0		0
Equity in losses recognized during the period		0		(250	)		0		(309	)
Distributions received during the period		0		(287	)		0		(1,414	)
Balance at end of period		3	$	18,356			3	$	18,356

(1)	See Schedule 5, Construction in Progress (CIP) and Developments.
(2)	During the fourth quarter of 2007, the Company sold three buildings as part of its disposition of its senior living assets and sold a physician clinic in Virginia. The four buildings were classified as held for sale in its previously reported results for the third quarter of 2007.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended December 31, 2007 Page 5 of 9

(4) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION (1)

	Medical			Physician			Ambulatory			Specialty			Specialty
	Office			Clinics			Care/Surgery			Outpatient			Inpatient			Other						% of
	(MOB)			(PC)			(ASC)			(SOP)			(SIP) (2)			(OTH)			Total			Total
Master Leases (3)
1 Alabama				$	17,660					$	2,698		$	17,722		$	9,493		$	47,573			2.7	%
2 Arkansas											3,055									3,055			0.2	%
3 California					8,363		$	1,046						12,688						22,097			1.3	%
4 Florida	$	41,257			37,372			9,521			3,411			11,703						103,264			5.9	%
5 Georgia		7,503			2,683			3,071												13,257			0.8	%
6 Illinois		11,939						1,486												13,425			0.8	%
7 Indiana					21,597									43,406			3,790			68,793			4.0	%
8 Massachusetts					12,035															12,035			0.7	%
9 Michigan														13,859			13,105			26,964			1.5	%
10 Missouri								4,708			16,370									21,078			1.2	%
11 Nevada								3,801												3,801			0.2	%
12 Pennsylvania														113,867						113,867			6.5	%
13 Tennessee		2,611			3,139												7,316			13,066			0.7	%
14 Texas					3,714			17,314						19,225						40,253			2.3	%
15 Virginia		30,964			30,911						2,166						9,181			73,222			4.2	%
Master Leases	$	94,274		$	137,474		$	40,947		$	27,700		$	232,470		$	42,885		$	575,750			33.0	%
				(4) Normalized same facility NOI growth for Master Leases (4Q2007 vs. 4Q2006):																			2.5	%
Operating Properties (3)
1 Arizona		39,254			1,951															41,205			2.4	%
2 California		61,018						38,254									27			99,299			5.7	%
3 Colorado		12,644																		12,644			0.7	%
4 District of Columbia		29,773																		29,773			1.7	%
5 Florida		91,461			17,436															108,897			6.2	%
6 Hawaii		36,014																		36,014			2.0	%
7 Illinois		27,826																		27,826			1.6	%
8 Kansas		13,399																		13,399			0.8	%
9 Louisiana		11,691																		11,691			0.7	%
10 Maryland		15,547																		15,547			0.9	%
11 Michigan		21,820																		21,820			1.3	%
12 Mississippi		7,408																		7,408			0.4	%
13 Missouri		19,763																		19,763			1.1	%
14 Nevada		54,590																		54,590			3.1	%
15 Pennsylvania		10,789																		10,789			0.6	%
16 Tennessee		158,326			2,333												797			161,456			9.3	%
17 Texas		342,585			16,662			23,718						3,230			9,223			395,418			22.7	%
18 Virginia		1,015																		1,015			0.1	%
19 Wyoming		19,745																		19,745			1.0	%
Operating Properties	$	974,668		$	38,382		$	61,972		$	—		$	3,230		$	10,047		$	1,088,299			62.3	%
				(4) Normalized same facility NOI growth for Operating Properties (4Q2007 vs. 4Q2006):																			2.8	%
Land Held for Development																				18,554			1.1	%
Corporate Property																				14,027			0.8	%
Total Equity Investments	$1,068,942			$	175,856		$	102,919		$	27,700		$	235,700		$	52,932		$	1,696,630			97.2	%
Mortgage Investments		13,243			16,874															30,117			1.7	%
Mortgage Investments	$	13,243		$	16,874		$	—		$	—		$	—		$	—		$	30,117			1.7	%
Unconsolidated LLCs (Joint Venture Investments)
1 Oregon		1,926																		1,926			0.1	%
2 Utah																	6,627			6,627			0.4	%
3 Washington		9,803																		9,803			0.6	%
LLC Investments	$	11,729		$	—		$	—		$	—		$	—		$	6,627		$	18,356			1.1	%
Total Investments	$	1,093,914		$	192,730		$	102,919		$	27,700		$	235,700		$	59,559		$	1,745,103			100.0	%
Percent of $ Invested		63.9	%		11.3	%		6.0	%		1.6	%		13.8	%		3.5	%		100.0	%
Number of Investments		110			34			12			6			14			11			187

(1)	Excludes assets held for sale.
(2)	The Company’s inpatient rehabilitation facilities (included in SIP) have EBITDARM coverages ranging from 2.8 to 3.0 times and have a combined occupancy of approximately 60%.
(3)	The actual occupancy of the Owned and Managed portfolio is approximately 84%. Properties under a Property Operating Agreement or Master Lease Agreement are considered to have 100% economic occupancy. Therefore, the economic occupancy of the entire portfolio is approximately 91%.
(4)	The ‘same facility’ portfolio includes those properties that were in operation for the full quarter and for the full corresponding quarter of the prior year. The normalized growth rate in the same facility portfolio is not representative of the entire portfolio. ''Normalized’ means adjusted for items that would otherwise prohibit a meaningful comparison of NOI for the two periods. Approximately 88% of the portfolio is included in the calculation of the ‘same facility’ growth.

Healthcare Realty Trust
Supplemental Information
Three Months Ended December 31, 2007 Page 6 of 9

(5) CONSTRUCTION IN PROGRESS (CIP) AND DEVELOPMENTS

		Estimated
		Completion							Investment at		Estimated		Estimated
		Date - Core		Property			Approximate		December 31,		Remaining		Total
	State	and Shell (1)		Type	Properties		Square Feet		2007		Fundings		Investment (2)
Under construction:
	Texas		1Q 2008	MOB		1		140,221	$	17,476	$	7,438	$	24,914
	Colorado		3Q 2008	MOB		2		169,050		12,644		14,759		27,403
	Arizona		4Q 2008	MOB		2		180,250		8,306		22,737		31,043
	Texas		2Q 2009	MOB		1		125,000		9,245		23,755		33,000
	Texas		2Q 2009	SIP		1		45,000		3,230		9,170		12,400
	Texas		2Q 2009	MOB		1		100,000		6,119		19,839		25,958
	Illinois		3Q 2009	MOB		1		83,600		6,234		19,526		25,760
	Hawaii		4Q 2009	MOB		1		121,000		12,649		60,929		73,578
Land held for development:
	Illinois									8,413
	Texas									4,731
	Texas									5,410
						10		964,121	$	94,457	$	178,153	$	254,056

Properties transferred from CIP into real estate, but not yet stabilized: (3)

								Estimated
	Date					Investment at		Remaining		Estimated
	Transferred			Square		December 31,		Tenant		Total		4Q 2007
State	from CIP		Property Type	Feet		2007		Improvements		Investment (2)		NOI (4)
Texas		1Q 2007	MOB		171,033	$	20,980	$	6,620	$	27,600	$	(36	)
Texas		2Q 2007	MOB		73,324		10,937		298		11,235		30
					244,357	$	31,917	$	6,918	$	38,835	$	(6	)

(1)	The estimated date of completion of the core and shell of the building is based upon current expectations, and is subject to change.
(2)	Total estimated cost of the project upon completion of construction and first generation tenant improvements. This amount is subject to change.
(3)	Not yet stabilized development properties are defined as properties that have been completed within the last 24-month period or have not achieved a 70% occupancy level.
(4)	Represents the Net Operating Income (“NOI”) on these respective properties that is included in the Company’s Consolidated Statements of Income for the three months ended December 31, 2007 and is not the NOI expected upon stabilization.

Healthcare Realty Trust
Supplemental Information
Three Months Ended December 31, 2007 Page 7 of 9

(6) 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		44				44		213,292		410,221		2,564,752				3,188,265		28.0	%
2 Tennessee		18		5		23		118,932				1,260,260		251,871		1,631,063		14.3	%
3 Florida		27				27		572,884				592,963				1,165,847		10.3	%
4 Virginia		14		1		15		698,249				7,093		111,998		817,340		7.2	%
5 California		11				11		97,913				456,196				554,109		4.9	%
6 Pennsylvania		7				7		437,601				63,914				501,515		4.4	%
7 Arizona		9		1		10				180,250		205,010		59,106		444,366		3.9	%
8 Michigan		9				9		235,227				199,749				434,976		3.8	%
9 Illinois		4				4		115,100		83,600		142,955				341,655		3.0	%
10 Alabama		6				6		327,535								327,535		2.9	%
11 Hawaii		3				3				121,000		138,450				259,450		2.3	%
12 Nevada		3				3		16,878				229,090				245,968		2.2	%
13 Indiana		3				3		205,499								205,499		1.8	%
14 Missouri		5				5		81,580				106,146				187,726		1.7	%
15 District of Columbia		2				2						182,836				182,836		1.6	%
16 Colorado		2				2				169,050						169,050		1.5	%
17 Wyoming		1				1						139,647				139,647		1.2	%
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		0.8	%
21 Massachusetts		2				2		84,242								84,242		0.7	%
22 Georgia		3				3		78,779								78,779		0.7	%
23 Kansas		1				1						70,908				70,908		0.6	%
24 Arkansas		1				1		11,963								11,963		0.1	%
Total Properties/ Square Feet		180		8		188		3,295,674		964,121		6,645,880		462,623		11,368,298		100.00	%

     B)By Facility Type

	Owned												Third Party
	Not			Construction						Total			Property
	Managed			in Progress			Managed			Owned			Management			Total			Percent
Medical Office		734,247			919,121			6,119,749			7,773,117			462,623			8,235,740			72.5	%
Physician Clinics		802,644						243,164			1,045,808						1,045,808			9.2	%
Specialty Inpatient		977,249			45,000						1,022,249						1,022,249			9.0	%
Other		498,293									498,293						498,293			4.4	%
Ambulatory Care/Surgery		165,113						282,967			448,080						448,080			3.9	%
Specialty Outpatient		118,128									118,128						118,128			1.0	%
Total Square Feet		3,295,674			964,121			6,645,880			10,905,675			462,623			11,368,298			100.0	%
Percent of Total Square Footage		29.0	%		8.4	%		58.5	%		95.9	%		4.1	%		100.0	%
Total Number of Properties		72			10			98			180			8			188

     C)By Occupancy (2)

															% of Total
	Medical		Physician		Ambulatory		Specialty		Specialty						Square
	Office (3)		Clinics		Care/Surgery		Outpatient		Inpatient		Other		Total		Feet
Occupants Greater than 1%
1 Baylor Health Care System		745,757												745,757		6.9	%
2 Healthsouth						21,791		13,356		643,383				678,530		6.2	%
3 HCA		87,564		235,600		8,749						16,400		348,313		3.2	%
5 Ascension Health Care System		211,869												211,869		1.9	%
4 OrthoIndy				58,474						117,525				175,999		1.6	%
6 Melbourne Internal Medicine Assocs		140,128												140,128		1.3	%
All Other Occupants Less than 1%		6,587,799		751,734		417,540		104,772		261,341		481,893		8,605,079		78.9	%
Total Square Feet		7,773,117		1,045,808		448,080		118,128		1,022,249		498,293		10,905,675		100.0	%

(1)	Mortgage notes, investments in unconsolidated limited liability companies and assets classified as held for sale are excluded.
(2)	Excludes investments noted above in footnote (1), as well as third party managed properties.
(3)	Medical Office consists of approximately 2,465 occupants with an average square footage of approximately 3,153 square feet per occupant.

Healthcare Realty Trust
Supplemental Information
Three Months Ended December 31, 2007 Page 8 of 9

(7) LEASE MATURITY SCHEDULE

	Annualized
	Minimum		Number of		Percentage
	Rents (1)		Leases		of Revenues
2008	$	25,723		448		13.3	%
2009		36,771		376		19.1	%
2010		18,482		217		9.6	%
2011		22,390		160		11.6	%
2012		19,538		145		10.1	%
2013		19,309		68		10.0	%
2014		18,662		102		9.7	%
2015		7,379		37		3.8	%
2016		8,292		24		4.3	%
Thereafter		16,393		51		8.5	%

(1)	Represents the annualizedminimum rentson leases in place, excluding the impact of renewals, future step-ups in rent,
	or sponsor support payments under property operating agreements.

(8) JOINT VENTURE INVESTMENTS

	Washington			Oregon			Utah
HR Ownership %		75	%		50	%		10	%
HR Investment in JV, net (1)	$	9,803		$	1,926		$	6,627
Income (loss) recorded by HR (2)	$	(249	)	$	(1	)	$	272
Real Estate Depreciation and Amortization (3)	$	514		$	168		$	—
Facility type	MOB			MOB			OTH
Total unconsolidated assets of JV (4)	$	63,557		$	17,199		$	29,923
Total unconsolidated debt of JV (4)	$	49,982		$	12,900		$	26,009
Total unconsolidated equity of JV (4)	$	12,766		$	3,851		$	3,915

(1)	As of December 31, 2007.
(2)	Included in “Other operating income” on the Company’s Consolidated Statements of Income for the three months ended December 31, 2007.
(3)	The amount of real estate depreciation and amortization for the three months ended December 31, 2007 is included in equity income (loss) recorded by the Company related to its joint venture investments that the Company adds back to net income in calculation of funds from operations (FFO).
(4)	Unaudited information provided by the joint venture.

Healthcare Realty Trust
Supplemental Information
Three Months Ended December 31, 2007 Page 9 of 9