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

Exhibit 99.2

Supplemental Information

Three Months Ended March 31, 2008

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

Furnished as of May 5, 2008

(Unaudited)

Quarterly Supplemental Information is also available on the Company’s website — www.healthcarerealty.com
Gabrielle M. Andrés (615) 269-8471
Email: GAndres@healthcarerealty.com

In addition to the historical information contained within, the matters discussed in this press release may contain forward-looking statements that involve risks and uncertainties. These risks are discussed in filings with the Securities and Exchange Commission by Healthcare Realty Trust, including its Annual Report on Form 10-K for the year ended December31, 2007 under the heading “Risk Factors,” and as may be updated in its Quarterly Reports on Form 10-Q filed thereafter. Forward-looking statements represent the Company’s judgment as of the date of this release. The Company disclaims any obligation to update this forward-looking material.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 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 March 31, 2008 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 John M. Bryant, Jr., Executive Vice President and General Counsel Scott W. Holmes, Executive Vice President and Chief Financial Officer B. Douglas Whitman, II, Executive Vice President, Chief Operating Officer
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. Andrés Phone: (615) 269-8471 Fax: (615) 269-8461 E-mail: GAndres@healthcarerealty.com

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 Page 3 of 9

(2) CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,			December 31,
	2008			2007
ASSETS
Real estate properties:
Land	$	102,173		$	102,321
Buildings, improvements, and lease intangibles		1,507,678			1,483,547
Personal property		16,425			16,305
Construction in progress		86,711			94,457
		1,712,987			1,696,630
Less accumulated depreciation		(357,779	)		(345,457	)
Total real estate properties, net		1,355,208			1,351,173
Cash and cash equivalents		11,068			8,519
Mortgage notes receivable		31,376			30,117
Assets held for sale and discontinued operations, net (1)		13,413			15,639
Other assets, net		82,296			90,044
Total assets	$	1,493,361		$	1,495,492
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Notes and bonds payable	$	792,361		$	785,289
Accounts payable and accrued liabilities		39,320			37,376
Liabilities of discontinued operations (1)		119			34
Other liabilities		41,101			40,798
Total liabilities		872,901			863,497
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; 50,735,092 and 50,691,331 shares issued and outstanding at March 31, 2008 and December 31, 2007, respectively		507			507
Additional paid-in capital		1,287,270			1,286,071
Accumulated other comprehensive loss		(4,346	)		(4,346	)
Cumulative net income		701,981			695,182
Cumulative dividends		(1,364,952	)		(1,345,419	)
Total stockholders’ equity		620,460			631,995
Total liabilities and stockholders’ equity	$	1,493,361		$	1,495,492

(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 on the Company’s Condensed Consolidated Balance Sheets and includes the results of operations of real estate properties sold or held for sale in discontinued operations on the Company’s Condensed Consolidated Statements of Income.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 Page 4 of 9

(3) INVESTMENT PROGRESSION

A)      Construction in Progress				Three
	Number of			Months Ended
	Properties			March 31, 2008
Balance at beginning of period		10		$	94,457
Fundings on projects in existence at the beginning of the period		0			10,848
Completions (1)		(1	)		(18,594	)
Balance at end of period		9		$	86,711

B)      Real Estate Properties				Three
	Number of			Months Ended
	Properties			March 31, 2008
Balance at beginning of period		170		$	1,602,173
Acquisitions		0			0
Additions/Improvements		0			6,555
Completions (CIP) (1)		1			18,594
Assets classified as held for sale during the period (1)		(1	)		(1,046	)
Sales		0			0
Balance at end of period		170		$	1,626,276

C)      Mortgage Notes Receivable			Three
	Number of		Months Ended
	Investments		March 31, 2008
Balance at beginning of period		4	$	30,117
Funding of mortgages		0		1,265
Repayments		0		0
Scheduled principal payments		0		(6	)
Balance at end of period		4	$	31,376

D)      Unconsolidated LLCs			Three
	Number of		Months Ended
	Investments		March 31, 2008
Balance at beginning of period		3	$	18,356
New investments during the period		0		0
Additional investments during the period		0		0
Equity in losses recognized during the period		0		(264	)
Distributions received during the period		0		(423	)
Balance at end of period		3	$	17,669

(1) During the first quarter of 2008, the Company substantially completed development of one medical office building in Texas and reclassified it out of CIP. Also, during the first quarter of 2008, upon the Company’s acceptance of an offer from a third party to purchase an ambulatory care/surgery center, the Company reclassified one building to held for sale.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 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		2.6	%
2 Arkansas								3,055						3,055		0.2	%
3 California				8,363						12,688				21,051		1.2	%
4 Florida	$	41,257		37,371		9,521		3,411		11,703				103,263		5.9	%
5 Georgia		7,513		2,682		3,132								13,327		0.8	%
6 Illinois		11,939				1,486								13,425		0.8	%
7 Indiana				21,597						43,406		3,790		68,793		3.9	%
8 Massachusetts				12,035										12,035		0.7	%
9 Michigan										13,859		13,104		26,963		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		6.4	%
13 Tennessee				3,256								7,263		10,519		0.6	%
14 Texas				3,714		17,314				19,225				40,253		2.3	%
15 Virginia		30,964		30,911				2,166				10,091		74,132		4.2	%
Master Leases	$	91,673	$	137,589	$	39,962	$	27,700	$	232,470	$	43,741	$	573,135		32.5	%

(4) Normalized same facility NOI growth for Master Leases (1Q2008 vs. 1Q2007):         2.7% 

Operating Properties (3)
1 Arizona		44,361		1,960										46,321	2.6	%
2 California		64,319				35,005						27		99,351	5.6	%
3 Colorado		15,597												15,597	0.9	%
4 District of Columbia		29,801												29,801	1.7	%
5 Florida		91,835		17,520										109,355	6.2	%
6 Hawaii		36,694												36,694	2.1	%
7 Illinois		28,549												28,549	1.6	%
8 Kansas		13,611												13,611	0.8	%
9 Louisiana		11,685												11,685	0.7	%
10 Maryland		15,551												15,551	0.9	%
11 Michigan		21,853												21,853	1.2	%
12 Mississippi		7,398												7,398	0.4	%
13 Missouri		19,762												19,762	1.1	%
14 Nevada		54,634												54,634	3.1	%
15 Pennsylvania		10,798												10,798	0.6	%
16 Tennessee		161,413		2,333								797		164,543	9.3	%
17 Texas		353,140		16,743		23,830						9,223		402,936	23.0	%
18 Virginia		1,015												1,015	0.1	%
19 Wyoming		19,879												19,879	1.1	%
Operating Properties	$	1,001,895	$	38,556	$	58,835	$	—	$	—	$	10,047	$	1,109,333	62.9	%

(4) Normalized same facility NOI growth for Master Leases (1Q2008 vs. 1Q2007):         2.8% 

Land Held for Development																				16,376		0.9	%
Corporate Property																				14,143		0.8	%
Total Equity Investments	$	1,093,568		$	176,145		$	98,797		$	27,700		$	232,470		$	53,788		$	1,712,987		97.2	%
Mortgage Investments		14,508			16,868															31,376		1.8	%
Mortgage Investments	$	14,508		$	16,868		$	—		$	—		$	—		$	—		$	31,376		1.8	%
Unconsolidated LLCs (Joint Venture Investments)
1 Oregon		1,824																		1,824		0.1	%
2 Utah																	6,627			6,627		0.4	%
3 Washington		9,218																		9,218		0.5	%
LLC Investments	$	11,042		$	—		$	—		$	—		$	—		$	6,627		$	17,669		1.0	%
Total Investments	$	1,119,118		$	193,013		$	98,797		$	27,700		$	232,470		$	60,415		$	1,762,032		100.0	%
Percent of $  Invested		64.6	%		11.1	%		5.7	%		1.6	%		13.4	%		3.5	%		100.0	%
Number of Investments		111			34			11			6			13			11			186

(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 83%. 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 90%.
(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 NOI 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 Company’s owned real estate portfolio is included in the calculation of the ‘same facility’ NOI growth.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 Page 6 of 9

(5) CONSTRUCTION IN PROGRESS (CIP) AND DEVELOPMENTS

	Estimated
	Completion							Investment at		Estimated		Estimated
	Date - Core		Property			Approximate		March 31,		Remaining		Total
State	and Shell (1)		Type	Properties		Square Feet		2008		Fundings		Investment (2)
Under construction:
Colorado		3Q 2008	MOB		2		169,000	$	15,597	$	11,803	$	27,400
Arizona		4Q 2008	MOB		2		188,000		13,297		17,703		31,000
Illinois		3Q 2009	MOB		1		100,000		6,540		19,860		26,400
Texas		3Q 2009	MOB		1		135,000		6,595		26,405		33,000
Texas		4Q 2009	MOB		1		120,000		6,347		22,253		28,600
Hawaii		1Q 2010	MOB		1		133,000		13,229		72,771		86,000
Texas		4Q 2010	MOB		1		90,000		8,730		17,570		26,300
Land held for development:
Texas									7,963
Illinois									8,413
					9		935,000	$	86,711	$	188,365	$	258,700
Properties transferred from CIP into real estate, but not yet stabilized:

As of March 31, 2008, the Company had three medical office buildings in Texas whose developments were substantially completed within the last 24-month period and had not achieved a 70% occupancy level. The Company’s aggregate gross investment in the buildings were approximately $51.4 million at March 31, 2008 and the Company anticipates spending an additional $10.7 million on tenant improvements as the buildings lease-up. The consolidated net operating income for the three buildings for the three months ended March 31, 2008 was approximately $0.1 million.

(1)	The estimated date of substantial completion of the building is based upon management’s current expectations which may change.
(2)	Total estimated cost of the project upon completion of construction and first generation tenant improvements. This amount is subject to change.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 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		345,000		2,704,973				3,263,265		28.4	%
2 Tennessee		18		5		23		100,456				1,278,736		252,912		1,632,104		14.2	%
3 Florida		27				27		572,884				592,963				1,165,847		10.2	%
4 Virginia		14		1		15		698,249				7,093		111,998		817,340		7.1	%
5 California		10				10		93,000				456,196				549,196		4.8	%
6 Pennsylvania		7				7		437,601				63,914				501,515		4.4	%
7 Arizona		9		1		10				188,000		202,082		59,106		449,188		3.9	%
8 Michigan		9				9		235,227				199,749				434,976		3.8	%
9 Illinois		4				4		115,100		100,000		142,955				358,055		3.1	%
10 Alabama		6				6		327,535								327,535		2.9	%
11 Hawaii		3				3				133,000		138,450				271,450		2.4	%
12 Nevada		3				3		16,878				229,090				245,968		2.1	%
13 Indiana		3				3		205,499								205,499		1.8	%
14 Missouri		5				5		81,580				106,146				187,726		1.6	%
15 District of Columbia		2				2						182,836				182,836		1.6	%
16 Colorado		2				2				169,000						169,000		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		179		8		187		3,272,285		935,000		6,801,649		463,664		11,472,598		100.0	%

B) By Facility Type

	Owned												Third Party
	Not			Construction						Total			Property
	Managed			in Progress			Managed			Owned			Management			Total			Percent
Medical Office		715,771			935,000			6,289,821			7,940,592			463,664			8,404,256			73.4	%
Physician Clinics		802,644						243,684			1,046,328						1,046,328			9.1	%
Specialty Inpatient		977,249									977,249						977,249			8.5	%
Other		498,293									498,293						498,293			4.3	%
Ambulatory Care/Surgery		160,200						268,144			428,344						428,344			3.7	%
Specialty Outpatient		118,128									118,128						118,128			1.0	%
Total Square Feet		3,272,285			935,000			6,801,649			11,008,934			463,664			11,472,598			100.0	%
Percent of Total Square Footage		28.5	%		8.1	%		59.3	%		96.0	%		4.0	%		100.0	%
Total Number of Properties		70			9			100			179			8			187

C) By Occupancy (2)

															% of Total
	Medical		Physician		Ambulatory		Specialty		Specialty						Square
Occupants Greater than 1%	Office (3)		Clinics		Care/Surgery		Outpatient		Inpatient		Other		Total		Feet
1 Baylor Health Care System		736,278												736,278		6.7	%
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	%
4 Ascension Health Care System		215,777												215,777		2.0	%
5 OrthoIndy				58,474						117,525				175,999		1.6	%
6 Melbourne Internal Medicine Assocs				134,520										134,520		1.2	%
All Other Occupants Less than 1%		6,900,973		617,734		397,804		104,772		216,341		481,893		8,719,517		79.1	%
Total Square Feet		7,940,592		1,046,328		428,344		118,128		977,249		498,293		11,008,934		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 Incorporated
Supplemental Information
Three Months Ended March 31, 2008 Page 8 of 9

(7) LEASE MATURITY SCHEDULE

	Annualized
	Minimum		Number of		Percentage
	Rents (1)		Leases		of Revenues
2008	$	24,903		397		12.2	%
2009		37,457		389		18.3	%
2010		18,703		231		9.1	%
2011		21,992		158		10.8	%
2012		19,284		162		9.4	%
2013		18,149		63		8.9	%
2014		21,126		101		10.3	%
2015		11,103		55		5.4	%
2016		9,433		34		4.6	%
Thereafter		22,419		79		11.0	%

(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)	$	9,218		$	1,824		$	6,627
Income (loss) recorded by HR (2)	$	(238	)	$	(26	)	$	269
Real Estate Depreciation and Amortization (3)	$	646		$	72		$	—
Facility type	MOB			MOB			OTH
Total unconsolidated assets of JV (4)	$	63,200		$	16,851		$	29,923
Total unconsolidated debt of JV (4)	$	49,830		$	12,887		$	26,009
Total unconsolidated equity of JV (4)	$	12,371		$	3,648		$	3,915

(1)	As of and for the three months ended March 31, 2008.
(2)	Included in “Other operating income” on the Company’s Consolidated Statements of Income for the three months ended March 31, 2008.
(3)	The amount of real estate depreciation and amortization for the three months ended March 31, 2008 is included in equity income (loss) recorded by the Company related to its joint venture investments accounted for under the equity method that the Company adds back to net income in its calculation of funds from operations (FFO).
(4)	Unaudited information provided by the joint venture.

Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended March 31, 2008 Page 9 of 9