EXHIBIT 99.3
HEALTHCARE REALTY
TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2002
DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA, UNLESS OTHERWISE DISCLOSED
UPDATED AS OF JANUARY 24, 2002
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1)
(Unaudited) (Unaudited)
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
-------------------------- --------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF REAL ESTATE PROPERTIES $ 19,936 $ 18,321 $ 78,677 $ 80,469
NON-RECURRING DEBT-RELATED CHARGES(2) 0 0 607 0
ELIMINATION OF THE RECOGNITION OF RENTAL REVENUES
ON A STRAIGHT LINE BASIS (2) (1,268) (1,469) (5,748) (7,827)
PREFERRED STOCK DIVIDEND (1,664) (1,664) (6,656) (6,657)
REAL ESTATE DEPRECIATION 10,093 9,835 40,042 38,393
PROVISION FOR LOSS ON INVESTMENT (2) 0 1,000 0 1,000
----------- ----------- ----------- -----------
TOTAL ADJUSTMENTS 7,161 7,702 28,245 24,909
----------- ----------- ----------- -----------
FUNDS FROM OPERATIONS - BASIC $ 27,097 $ 26,023 $ 106,922 $ 105,378
=========== =========== =========== ===========
CONVERTIBLE SUBORDINATED DEBENTURE INTEREST 0 71 0 275
=========== =========== =========== ===========
FUNDS FROM OPERATIONS - DILUTED $ 27,097 $ 26,094 $ 106,922 $ 105,653
=========== =========== =========== ===========
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.68 $ 0.66 $ 2.68 $ 2.66
=========== =========== =========== ===========
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.67 $ 0.65 $ 2.64 $ 2.62
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - BASIC 40,112,222 39,675,271 39,840,285 39,544,400
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - DILUTED 40,693,569 40,408,944 40,463,158 40,301,409
=========== =========== =========== ===========
(1) Funds From Operations ("FFO") does not represent cash generated from
operating activities in accordance with generally accepted accounting
principles, is not necessarily indicative of cash available to fund
cash needs and should not be considered as 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.
Management believes the Company's FFO is not directly comparable to
other healthcare REITs, which own a portfolio of triple net leased
properties or mortgages, as the Company develops projects through a
development and lease-up phase before they reach their targeted cash
flow returns. Furthermore, the Company eliminates, in consolidation,
fee income for developing, leasing and managing owned properties and
expenses or capitalizes, whichever the case may be, related internal
costs.
(2) The Company calculates its FFO using a modified version of National
Association of Real Estate Investment Trust's ("NAREIT") October 1999
definition of funds from operations. The Company eliminates
straight-line rental revenue in computing FFO although NAREIT's
definition of funds from operations requires the inclusion of
straight-line rental revenue. In 2001, the Company also excluded
certain debt-related charges in computing FFO and in 2000 excluded its
provision for loss on investment in computing FFO although NAREIT's
definition of funds from operations requires its inclusion. If the
Company had followed the NAREIT definition of funds from operations, as
other healthcare REIT's do, FFO on a diluted basis would have been
$0.70 and $2.77 per common share, respectively, for the three months
and twelve months ended December 31, 2001.
Quarterly Supplemental Data Report is also available on the Company's website
-- www.healthcarerealty.com
Bethany A. Mancini (615) 269-8175
Email: BMancini@healthcarerealty.com
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 1 of 13
2) CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
DEC. 31, 2001 DEC. 31, 2000
------------- -------------
Real estate properties:
Land $ 149,522 $ 152,254
Buildings and improvements 1,332,948 1,290,395
Personal property 7,815 5,785
Construction in progress 18,255 30,914
----------- -----------
1,508,540 1,479,348
Less accumulated depreciation (158,876) (120,522)
----------- -----------
Total real estate properties, net 1,349,664 1,358,826
Cash and cash equivalents 2,930 1,788
Restricted cash 0 577
Mortgage notes receivable 122,074 171,006
Other assets, net 81,242 54,879
----------- -----------
Total assets $ 1,555,910 $ 1,587,076
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 505,222 $ 536,781
Accounts payable and accrued liabilities 18,894 22,020
Other liabilities 19,707 20,238
----------- -----------
Total liabilities 543,823 579,039
----------- -----------
Commitments and contingencies -- --
Stockholders' equity:
Preferred stock, $.01 par value; 50,000,000 shares authorized;
issued and outstanding, 2001 and 2000-- 3,000,000 30 30
Common stock, $.01 par value; 150,000,000 shares authorized;
issued and outstanding, 2001-- 40,465,919; 2000-- 40,314,399 414 403
Additional paid-in capital 1,089,127 1,061,190
Deferred compensation (12,852) (9,730)
Cumulative net income 375,061 295,174
Cumulative dividends (439,693) (339,030)
----------- -----------
Total stockholders' equity 1,012,087 1,008,037
----------- -----------
Total liabilities and stockholders' equity $ 1,555,910 $ 1,587,076
=========== ===========
(1) The balance sheet at December 31, 2000 has been derived from audited
financial statements at that date but does not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 2 of 13
3) CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
------------------------------ ------------------------------
2001 2000 2001 2000
------------ ------------ ------------ ------------
(Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 24,909 $ 25,022 $ 99,962 $ 97,238
Property operating income 17,928 15,659 67,750 62,400
Straight line rent 1,268 1,469 5,749 7,827
Mortgage interest income 3,540 4,628 17,254 22,755
Management fees 414 656 1,533 2,785
Interest and other income 938 206 2,290 2,333
------------ ------------ ------------ ------------
48,997 47,640 194,538 195,338
------------ ------------ ------------ ------------
EXPENSES
General and administrative (1) 2,544 2,181 10,110 8,739
Property operating expenses 7,365 5,423 26,515 22,628
Interest 8,751 10,561 38,110 42,995
Depreciation 10,327 9,990 40,823 38,994
Amortization 74 164 303 513
Provision for loss on investment -- 1,000 -- 1,000
------------ ------------ ------------ ------------
29,061 29,319 115,861 114,869
------------ ------------ ------------ ------------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF REAL ESTATE
PROPERTIES 19,936 18,321 78,677 80,469
Net gain (loss) on sale of real estate properties 211 (352) 1,210 (668)
------------ ------------ ------------ ------------
NET INCOME $ 20,147 $ 17,969 $ 79,887 $ 79,801
============ ============ ============ ============
NET INCOME PER COMMON SHARE - BASIC $ 0.46 $ 0.41 $ 1.84 $ 1.85
============ ============ ============ ============
NET INCOME PER COMMON SHARE - DILUTED $ 0.45 $ 0.41 $ 1.81 $ 1.82
============ ============ ============ ============
COMMON SHARES OUTSTANDING - BASIC 40,112,222 39,675,271 39,840,285 39,544,400
============ ============ ============ ============
COMMON SHARES OUTSTANDING - DILUTED 40,693,569 40,408,944 40,463,158 40,301,409
============ ============ ============ ============
(1) General and administrative expenses for the twelve months ended December 31,
2001 includes 3rd quarter non-recurring debt-related charges of approximately
$607.
NOTE> The income statements do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements.
RECONCILIATION OF BOOK NET INCOME TO REIT TAXABLE INCOME (UNAUDITED)
FOR THE TWELVE MONTHS
ENDED DEC. 31,
-----------------------
2001 2000
-------- --------
BOOK NET INCOME $ 79,887 $ 79,801
DIFFERENCES BETWEEN BOOK NET INCOME AND REIT TAXABLE INCOME:
ADD: BOOK DEPRECIATION AND AMORTIZATION 41,126 39,507
LESS: TAX DEPRECIATION AND AMORTIZATION (33,625) (30,996)
GAIN/LOSS ON DISPOSITION OF ASSETS 767 (343)
STRAIGHT LINE RENT (5,749) (7,827)
OTHER 802 1,148
-------- --------
3,321 1,489
REIT TAXABLE INCOME $ 83,208 $ 81,290
======== ========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 3 of 13
4) INVESTMENT PROGRESSION
A) CONSTRUCTION IN PROGRESS
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/01 PROPERTIES 12/31/01
---------- ------------- ---------- --------------
Balance at beginning of period 5 $ 24,206 7 $ 30,914
Fundings on projects in existence at
the beginning of the period 0 4,222 0 22,252
New Projects started during the period 0 0 0 0
Completions (1) (10,173) (3) (34,911)
-------- -------- -------- --------
Balance at end of period 4 $ 18,255 4 $ 18,255
======== ======== ======== ========
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/01 PROPERTIES 12/31/01
---------- ------------- ---------- --------------
Balance at beginning of period 205 $ 1,477,731 206 $ 1,448,434
Acquisitions 0 0 1 14,107
Additions/Improvements 0 6,951 0 16,688
Completions (CIP) 1 10,173 3 34,911
Sales (1) (4,570) (5) (23,855)
---------- ----------- ---------- -----------
Balance at end of period 205 $ 1,490,285 205 $ 1,490,285
========== =========== ========== ===========
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/01 PROPERTIES 12/31/01
---------- ------------- ---------- --------------
Balance at beginning of period 40 $ 131,127 54 $ 171,006
Funding of Mortgages 0 51 0 2,962
Prepayments (4) (8,631) (18) (50,271)
Purchase Price Adjustment Amortization 0 (159) 0 (635)
Scheduled Principal Payments 0 (314) 0 (1,540)
Other 0 0 0 552
--------- --------- --------- ---------
Balance at end of period 36 $ 122,074 36 $ 122,074
========= ========= ========= =========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 4 of 13
5) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION
OUTPATIENT FACILITIES INPATIENT FACILITIES
-------------------------------------------------------------------------------------------------
Comp. Other Assisted Skilled Inpatient Other
Ancillary Ambulatory Medical Outpatient Living Nursing Rehab Inpatient
Hospital Physician Care Office Facilit- Facili- Facili- Facili- Facili- % of
Facilities Clinics Centers Buildings ties(1) ties ties ties ties(2) Total Total
-----------------------------------------------------------------------------------------------------------------
PROPERTY OPERATING/
OTHER AGREEMENTS
1 Arizona 3,534 12,261 15,795 0.97%
2 California 51,942 28,999 80,941 4.96%
3 Florida 30,644 10,308 46,936 8,169 96,057 5.89%
4 Georgia 18,582 18,582 1.14%
5 Kansas 10,889 10,889 0.67%
6 Mississippi 5,090 4,290 9,380 0.58%
7 Missouri 5,450 11,085 16,535 1.01%
8 Nevada 43,710 43,710 2.68%
9 Pennsylvania 8,484 4,957 2,901 16,342 1.00%
10 Tennessee 46,978 8,727 10,755 66,460 4.08%
11 Texas 24,399 8,727 33,126 2.03%
12 Virginia 28,950 3,814 12,447 45,211 2.77%
13 Wyoming 17,370 2,180 19,550 1.20%
----------------------------------------------------------------------------------------------------------------
TOTAL P.O.A.s/
OTHER 290,572 33,256 99,281 42,278 4,290 0 0 0 2,901 472,578 28.98%
----------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama 42,964 8,368 11,430 4,276 17,722 84,760 5.20%
2 Arizona 5,274 2,874 8,148 0.50%
3 Arkansas 2,989 2,989 0.18%
4 California 28,934 8,181 1,046 12,688 50,849 3.12%
5 Colorado 4,967 21,441 26,408 1.62%
6 Connecticut 11,925 11,925 0.73%
7 Florida 39,200 45,054 9,915 1,417 9,481 23,159 10,206 11,703 150,135 9.21%
8 Georgia 5,368 1,561 9,860 16,789 1.03%
9 Illinois 11,680 1,453 8,167 21,300 1.31%
10 Indiana 3,640 3,640 0.22%
11 Kansas 7,593 7,593 0.47%
12 Massachusetts 26,823 26,823 1.64%
13 Michigan 12,715 13,558 26,273 1.61%
14 Mississippi 3,398 3,398 0.21%
15 Missouri 16,015 4,470 6,114 10,897 37,496 2.30%
16 Nevada 6,882 3,801 10,683 0.66%
17 New Jersey 18,634 18,634 1.14%
18 North Carolina 3,819 6,176 9,995 0.61%
19 Ohio 4,393 4,393 0.27%
20 Oklahoma 13,052 13,052 0.80%
21 Pennsylvania 30,396 20,617 112,248 163,261 10.01%
22 South Carolina 3,005 3,005 0.18%
23 Tennessee 3,139 2,555 7,329 8,335 21,358 1.31%
24 Texas 39,625 16,938 21,959 1,976 71,000 19,466 12,916 5,892 189,772 11.64%
25 Virginia 52,799 1,941 2,119 17,019 36,411 110,289 6.76%
26 Wyoming 6,838 6,838 0.42%
----------------------------------------------------------------------------------------------------------------
TOTAL MASTER
LEASES 218,817 124,967 47,889 5,334 38,350 234,299 186,111 154,589 19,450 1,029,806 63.15%
----------------------------------------------------------------------------------------------------------------
Corporate
Property 6,156 6,156 0.38%
----------------------------------------------------------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $509,389 $158,223 $147,170 $ 47,612 $ 42,640 $234,299 $186,111 $154,589 $28,507 $1,508,540 92.51%
================================================================================================================
MORTGAGES
1 Alabama 4,591 3,952 8,543 0.52%
2 Arizona 6,084 17,398 23,482 1.44%
3 California 16,715 7,788 24,503 1.50%
4 Florida 9,431 11,931 602 21,964 1.35%
5 Georgia 1,122 1,122 0.07%
6 Idaho 4,830 4,830 0.30%
7 Massachusetts 2,200 2,200 0.13%
8 Michigan 10,907 10,907 0.67%
9 Mississippi 1,316 1,316 0.08%
10 New Mexico 749 749 0.05%
11 Ohio 1,579 592 2,171 0.13%
12 Oregon 2,871 2,871 0.18%
13 Pennsylvania 992 992 0.06%
14 South Carolina 3,036 3,036 0.19%
15 Tennessee 1,906 8,068 9,974 0.61%
16 Texas 617 619 1,236 0.08%
17 Virginia 2,178 2,178 0.13%
----------------------------------------------------------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ 10,048 $ -- $ -- $ -- $ 58,341 $ 28,499 $ -- $25,186 $ 122,074 7.49%
----------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS 509,389 $168,271 $147,170 $ 47,612 $ 42,640 $292,640 $214,610 $154,589 $53,693 $1,630,614 100.00%
================================================================================================================
PERCENT OF
$ INVENTED 31.239% 10.319% 9.025% 2.920% 2.615% 17.947% 13.161% 9.480% 3.293% 100.000%
================================================================================================================
NUMBER OF
PROPERTIES 59 33 13 10 12 62 42 9 5 245
================================================================================================================
NUMBER OF BEDS 5,141 4,929 759 354 11,813
=======================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001 PAGE 5 OF 13
6) INVESTMENT BY OPERATOR/SIGNIFICANT TENANT
<Table>
<Caption>
Number of (1) Number of Total (1)
Real Estate Real Estate Mortgage Mortgage Number of Total Commit-
Properties Investment Properties Investment Properties Investment ments Total Percent
------------------------ ---------------------- --------------------------------------------------
PUBLIC OR INVESTMENT
GRADE OPERATORS/
SIGNIFICANT TENANTS
1 Healthsouth 27 270,394 0 27 270,394 270,394 16.43%
2 HCA - The Healthcare Company 30 249,074 0 30 249,074 560 249,634 15.17%
3 Tenet 13 104,038 1 7,788 14 111,826 111,826 6.79%
4 Balanced Care 14 63,575 0 14 63,575 63,575 3.86%
5 Baptist Memorial Hospital 4 41,285 0 4 41,285 3,014 44,299 2.69%
6 Integrated Health 3 36,327 0 3 36,327 36,327 2.21%
7 Caremark Rx 5 28,597 0 5 28,597 28,597 1.74%
8 Methodist 4 26,265 0 4 26,265 26,265 1.60%
9 Triad 4 24,158 0 4 24,158 24,158 1.47%
10 Ephrata Community Hospital 3 13,440 0 3 13,440 9,723 23,163 1.41%
11 United Medical Center 1 19,550 0 1 19,550 19,550 1.19%
12 MedCath 1 3,534 1 17,398 2 20,932 20,932 1.27%
13 Ramsay 2 19,450 0 2 19,450 19,450 1.18%
14 KS Management Services 1 16,938 0 1 16,938 16,938 1.03%
15-27 13 Operators With Less
than 1% Each 17 113,643 1 7,416 18 121,059 123,189 7.48%
----------------- --------------- ---------------------------------------------
129 1,030,268 3 32,602 132 1,062,870 13,297 1,078,297 65.51%
----------------- --------------- ---------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
28 Life Care Centers 12 82,822 2 9,376 14 92,198 92,198 5.60%
29 Summerville 5 51,953 0 5 51,953 51,953 3.16%
30 Lewis-Gale Clinic, LLC 10 45,211 0 10 45,211 45,211 2.75%
31 Senior Lifestyles 4 42,732 0 4 42,732 42,732 2.60%
32 Horizon Bay 6 33,037 0 6 33,037 33,037 2.01%
33 Kerlan Jobe Orthopedic 1 28,999 0 1 28,999 28,999 1.76%
34 Melbourne Internal Medicine 4 27,935 0 4 27,935 27,935 1.70%
35 Centennial 6 16,355 1 9,320 7 25,675 25,675 1.56%
36 Multi-tenant 4 24,724 0 4 24,724 24,724 1.50%
37 Wellington 5 18,969 0 5 18,969 18,969 1.15%
38-65 28 Operators With Less
than 1% Each 28 118,348 30 70,776 58 189,124 -- 189,124 11.49%
----------------- --------------- ---------------------------------------------
80 472,116 33 89,472 113 561,588 -- 561,588 34.12%
----------------- --------------- --------------------------- -----------------
Corporate Property 6,156 6,156 6,156 0.37%
----------------- --------------- ---------------------------------------------
TOTAL INVESTMENT
AND COMMITMENTS 209 $1,508,540 36 $122,074 245 $1,630,614 $13,297 $1,646,041 100.00%
================= =============== =============================================
</Table>
(1) Includes construction in progress.
7) SQUARE FEET OWNED AND/OR MANAGED BY GEOGRAPHIC LOCATION
<Table>
<Caption>
Owned Third Party
-------------------------------- ----------------------
NOT Construction Property Asset
Managed In Progress Managed Management Management Mortgages Total Percent
-------------------------------- ---------------------- ---------- --------- -------
1 Florida 785,860 34,716 648,641 1,195,416 474,116 198,990 3,337,939 23.12%
2 Virginia 716,321 479,783 849,810 35,900 2,081,814 14.42%
3 Texas 1,097,527 411,642 124,647 66,665 1,700,481 11.78%
4 Tennessee 161,366 116,638 375,868 283,980 196,451 1,134,303 7.86%
5 California 256,144 386,837 465,380 1,108,361 7.68%
6 Pennsylvania 722,053 70,000 57,453 45,809 895,315 6.20%
7 Alabama 549,410 95,536 644,946 4.47%
8 Georgia 138,599 202,110 40,000 380,709 2.64%
9 Michigan 235,227 129,408 364,635 2.53%
10 Arizona 74,507 72,179 142,487 289,173 2.00%
11 Missouri 201,167 103,176 304,343 2.11%
12 Nevada 43,579 195,594 239,173 1.66%
13 Colorado 225,764 225,764 1.56%
14 Mississippi 25,000 60,520 36,951 74,705 12,260 209,436 1.45%
15 Massachusetts 185,327 23,862 209,189 1.45%
16 Wyoming 29,851 184,188 214,039 1.48%
17 Illinois 181,100 181,100 1.25%
18 Ohio 33,181 124,411 157,592 1.09%
19 Kansas 57,035 83,664 140,699 0.97%
20 Oklahoma 139,216 139,216 0.96%
21 New Jersey 110,844 110,844 0.77%
22 Oregon 80,429 80,429 0.56%
23 North Carolina 69,781 69,781 0.48%
24 Connecticut 59,387 59,387 0.41%
25 South Carolina 21,120 23,000 44,120 0.31%
26 New Mexico 42,639 42,639 0.30%
27 Indiana 29,500 29,500 0.20%
28 Idaho 29,118 29,118 0.20%
29 Arkansas 11,963 11,963 0.08%
---------- -------- --------- ---------- -------- ---------- ----------- -------
TOTAL SQUARE FEET 6,160,829 281,874 3,238,286 2,528,558 474,116 1,752,345 14,436,008 100.00%
========== ======== ========= ========== ======== ========== =========== =======
PERCENT OF TOTAL SQUARE FOOTAGE 42.68% 1.95% 22.43% 17.52% 3.28% 12.14% 100.00%
========== ======== ========= ========== ======== ========== ===========
</Table>
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 6 of 13
8) SQUARE FEET OWNED AND/OR MANAGED BY FACILITY TYPE
Owned Third Party
------------------------------------ ----------------------
NOT Construction Property Asset
Managed In Progress Managed Management Management Mortgages Total Percent
---------- ------------ ---------- ---------- ---------- ---------- ----------- --------
Ancillary Hospital Facility 1,352,320 247,158 1,900,332 17,565 3,517,375 24.37%
Medical Office Buildings 42,932 398,301 2,491,388 474,116 3,406,737 23.60%
Assisted Living Facilities 1,519,294 1,123,150 2,642,444 18.30%
Skilled Nursing Facilities 1,286,351 424,702 1,711,053 11.85%
Physician's Clinics 793,913 251,709 19,605 105,915 1,171,142 8.11%
Comprehensive Ambulatory Care
Centers 115,857 34,716 650,993 801,566 5.55%
Inpatient Rehab Hospitals 643,383 643,383 4.46%
Other Outpatient Facilities 253,438 36,951 290,389 2.01%
Other Inpatient Facilities 153,341 98,578 251,919 1.75%
---------- --------- ---------- ---------- ---------- ---------- ----------- --------
TOTAL SQUARE FEET 6,160,829 281,874 3,238,286 2,528,558 474,116 1,752,345 14,436,008 100.00%
========== ========= ========== ========== ========== ========== =========== ========
PERCENT OF TOTAL SQUARE FOOTAGE 42.68% 1.95% 22.43% 17.52% 3.28% 12.14% 100.00%
========== ========= ========== ========== ========== ========== ===========
9) SQUARE FEET OWNED AND/OR MANAGED BY OPERATOR/SIGNIFICANT TENANT
Owned Third Party
---------------------------------- -----------------------
NOT Construction Property Asset
Managed In Progress Managed Management Management Mortgages Total Percent
---------- ------------ ---------- ---------- ---------- ---------- ----------- --------
PUBLIC OR INVESTMENT GRADE
OPERATOR/SIGNIFICANT TENANT
- ---------------------------
1 HCA - The Healthcare Company 810,836 34,716 700,535 1,262,240 474,116 3,282,443 22.74%
2 Healthsouth 1,124,390 133,183 89,000 1,257,573 8.71%
3 Tenet Healthcare Corporation 258,485 364,020 31,723 743,228 5.15%
4 Baptist Memorial Hospital 177,158 183,361 358,685 719,204 4.98%
5 Balanced Care 400,370 263,786 400,370 2.77%
6 Brookdale Communities 263,786 1.83%
7 Methodist 220,499 220,499 1.53%
8 United Medical Center 184,188 184,188 1.28%
9 Medpartners 164,941 164,941 1.14%
10 Integrated Health 153,660 153,660 1.06%
11 Ramsay 153,341 153,341 1.06%
12-28 17 Operators with
Square Feet Less Than 1% 695,558 70,000 509,763 9,810 -- 9,578 1,294,709 8.97%
---------- --------- --------- ---------- --------- ---------- --------- -------
TOTAL 3,761,581 281,874 2,295,549 1,662,458 474,116 362,364 8,837,942 61.22%
---------- --------- --------- ---------- --------- ---------- --------- -------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
29 Life Care Centers of America 620,527 131,813 752,340 5.21%
30 Medicorp Health System 728,002 728,002 5.04%
31 Lewis-Gale Clinic, LLC 479,783 479,783 3.32%
32 Senior Lifestyles 308,742 308,742 2.14%
33 Summerville 292,231 292,231 2.02%
34 Horizon Bay 244,831 244,831 1.70%
35 Centennial Healthcare 151,172 80,000 231,172 1.60%
36 Multi-tenant 221,110 221,110 1.53%
37 Hearthstone 192,198 192,198 1.33%
38-68 31 Operators with
Square Feet Less Than 1% 641,620 -- 241,844 138,098 -- 985,970 2,007,532 13.91%
---------- --------- ---------- ---------- -------- --------- ---------- ------
TOTAL 2,399,248 -- 942,737 866,100 -- 1,389,981 5,598,066 38.78%
---------- --------- ---------- ---------- -------- --------- ----------- ------
TOTAL SQUARE FEET 6,160,829 281,874 3,238,286 2,528,558 474,116 1,752,345 14,436,008 100.00%
========== ========= ========== ========== ======== ========= ========== ======
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue Percent
For the Twelve % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 12/31/01 Total Revenue
-----------------------------------------------------------------
0% to 24.9% -- -- 0.0%
25% to 49.9% -- -- 0.0%
50% to 69.9% 3 1,288 0.7%
70% to 84.9% 17 6,555 3.4%
85% to 100.0% 42 20,471 10.5%
------- -------- -----
62 28,314 14.6%
======= ======== =====
NOTE: Occupancy rates are generally as of September 30, 2001 and revenues are
for the twelve months ended December 31, 2001.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 7 of 13
11) LEASE/MORTGAGE MATURITY SCHEDULE
A) LEASES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Lease
Properties Net Revenue Net Revenue Term (Years)
---------------------------------------------------------
2002 3 1,155 0.78% 0.00
2003 3 2,853 1.93% 0.03
2004 12 7,004 4.73% 0.12
2005 6 1,483 1.00% 0.06
2006 3 1,806 1.22% 0.06
2007 11 5,332 3.60% 0.19
2008 27 20,388 13.76% 0.76
2009 26 19,650 13.26% 1.03
2010 12 7,166 4.84% 0.49
2011 22 18,974 12.80% 1.11
2012 21 13,650 9.21% 1.10
2013 19 14,948 10.09% 1.20
2014 4 3,599 2.43% 0.16
2015 5 2,144 1.45% 0.18
After 2015 13 5,243 3.54% 0.58
Multi-tenant 22 22,801 15.39% 0.98
---------------------------------------------------------
TOTAL 209 $ 148,196 100.00% 8.05
=========================================================
B) MORTGAGES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Mortgage
Mortgages Net Revenue Net Revenue Term (Years)
------------------------------------------------------
2002 9 2,177 16.62% 0.08
2003 6 536 4.09% 0.05
2004 8 2,493 19.03% 0.58
2005 3 1,443 11.02% 0.28
2006 1 398 3.04% 0.19
2007 1 245 1.87% 0.39
2008 3 1,674 12.78% 0.81
2009 3 1,918 14.64% 1.10
2010 1 946 7.22% 0.68
2011 0 - 0.00% 0.00
2012 0 - 0.00% 0.00
2013 1 1,267 9.67% 0.61
2014 0 - 0.00% 0.00
2015 0 - 0.00% 0.00
After 2015 0 - 0.00% 0.00
------------------------------------------------------
TOTAL 36 $ 13,097 100.00% 4.77
======================================================
12) COMMITMENTS AND CONSTRUCTION IN PROGRESS
AS OF DECEMBER 31, 2001
----------------------------------------------------------------------------------------------------
REAL ESTATE INVESTMENTS MORTGAGE INVESTMENTS
--------------------------------------------------- ----------------------------------------------
Investment Remaining Total Investment Remaining Total
Operator Properties Balance Commitment Real Estate (1) Properties Balance Commitment Mortgages
- ------------------------------ ---------- ------- ---------- --------------- ---------- ---------- ---------- ---------
Baptist Memorial Hospital 1 $ 5,090 $ 3,014 $ 8,104 0 $ -- $ -- $ --
Ephrata Community Hospital 1 3,549 9,723 13,272 0 -- -- --
Conemaugh Health Systems 1 2,901 -- 2,901 0 -- -- --
Expansion of existing property 1 6,715 560 7,275 0 -- -- --
--------------------------------------------------- ----------------------------------------------
TOTAL 4 $18,255 $13,297 $31,552 0 $ -- $ -- $ --
=================================================== ==============================================
Percentage of construction in progress to total investment portfolio at December 31, 2001 1.12%
=======
(1) Projected Timing of Conversion to Revenue Producing Assets:
QTR 1, 2002 QTR 2, 2002 QTR 3, 2002 QTR 4, 2002 QTR 1, 2003 QTR 4, 2003 Total
--------------------------------------------------------------------------------------------
Real Estate Investments
with related Commitments $ 8,104 $ -- $ -- $13,272 $ -- $10,176 $31,552
============================================================================================
(2) During the three and twelve months ending December 31, 2001, the Company
capitalized interest in the amount of $351,138 and $1,996,691,
respectively.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 8 of 13
13) LONG-TERM DEBT INFORMATION - AS OF DECEMBER 31, 2001
A) BREAKDOWN BETWEEN FIXED AND VARIABLE RATE DEBT:
Balance Effective Rate
--------- ------------------------
Fixed Rate Debt:
Senior Notes due 2002 $ 18,000 7.41%
Senior Notes due 2006 70,000 9.49%
Senior Notes due 2011 298,906 8.202% See Note (C)
Mortgage Notes Payable 75,649 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 4,667 7.53%
---------
467,222
---------
Variable Rate Debt:
Unsecured Credit Facility due 2004 38,000 1.15% over LIBOR See Note (E)
---------
38,000
---------
TOTAL $ 505,222
=========
B) FUTURE MATURITIES:
2002 2003 2004 2005 2006 2007 and After Total
--------- --------- --------- --------- --------- -------------- ---------
Fixed Rate Debt:
Senior Notes due 2002 $ 18,000 $ -- $ -- $ -- $ -- $ -- $ 18,000
Senior Notes due 2006 -- -- 20,300 20,300 29,400 -- 70,000
Senior Notes due 2011 (105) (122) (132) (144) (142) 299,551 298,906
Mortgage Notes Payable 2,944 3,571 18,867 3,747 4,032 42,488 75,649
Other Note Payable 1,167 1,167 1,167 1,166 -- -- 4,667
Variable Rate Debt:
Unsecured Credit Facility -- -- 38,000 -- -- -- 38,000
due 2004 --------- --------- --------- --------- --------- --------- ---------
$ 22,006 $ 4,616 $ 78,202 $ 25,069 $ 33,290 $ 342,039 $ 505,222
========= ========= ========= ========= ========= ========= =========
C) In May 2001, the Company sold $300 million principal amount of
unsecured Senior Notes due May 2011. The notes were priced to yield
8.202%. The Company also entered into an interest rate swap
agreement with two banks on $125 million of these notes on which the
Company will effectively pay interest at the equivalent rate of
1.99% over six month LIBOR. The rate is established each May 1 and
November 1 for the previous six month period. The fair value of the
interest rate swap is combined with the principal balance of the
Senior Notes due 2011.
D) In April 2001, the Company entered into six Mortgage Notes Payable
with an aggregate principal balance of $35 million related to
collateral with a book value at March 31, 2001 of $78.2 million.
These Mortgage Notes Payable and related collateral are held by
special purpose entities whose sole members are solely owned
subsidiaries of HR. These Mortgage Notes Payable bear interest at
7.22%, are payable in monthly installments of principal and interest
and mature in May 2011.
E) In July 2001, the Company entered into a $150 million Unsecured
Credit Facility due 2004 with six banks. The Unsecured Credit
Facility due 2004, which matures in July 2004, is priced at 1.15%
over LIBOR and has a 0.2% facility fee.
F) CREDIT RATING:
Moody's Investors Service has assigned a "Baa3" credit rating to
the Company's Senior Notes due 2002, 2006, and 2011, and a "Ba2"
rating to the Company's preferred stock.
Standard & Poor's Investors Service has assigned a "BBB-" credit
rating to the Company's Senior Notes due 2002, 2006, and 2011, and
a "BB+" rating to the Company's preferred stock.
Fitch IBCA Duff & Phelps Credit Rating Co. has assigned a "BBB"
credit rating to the Company's Senior Notes due 2002, 2006, and
2011, and a "BBB-" rating to the Company's preferred stock.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 9 of 13
14) DIVIDEND HISTORY
A) COMMON STOCK (DOLLARS NOT ROUNDED TO THOUSANDS)
Increase
From Prior
Operating Period Payment Date Amount Quarter Annualized
----------------------------------------------------------------------------
First Quarter 1996 May 15, 1996 0.475 0.005 1.90
Second Quarter 1996 Aug. 15, 1996 0.480 0.005 1.92
Third Quarter 1996 Nov. 15, 1996 0.485 0.005 1.94
Fourth Quarter 1996 Feb. 17, 1997 0.490 0.005 1.96
First Quarter 1997 May 15, 1997 0.495 0.005 1.98
Second Quarter 1997 Aug. 15, 1997 0.500 0.005 2.00
Third Quarter 1997 Nov. 17, 1997 0.505 0.005 2.02
Fourth Quarter 1997 Feb. 16, 1998 0.510 0.005 2.04
First Quarter 1998 May 18, 1998 0.515 0.005 2.06
Second Quarter 1998 Aug. 17, 1998 0.520 0.005 2.08
Third Quarter 1998 Nov. 16, 1998 0.525 0.005 2.10
Fourth Quarter 1998 Feb. 15, 1999 0.530 0.005 2.12
First Quarter 1999 May 17, 1999 0.535 0.005 2.14
Second Quarter 1999 Aug. 16, 1999 0.540 0.005 2.16
Third Quarter 1999 Nov. 16, 1999 0.545 0.005 2.18
Fourth Quarter 1999 Feb. 16, 2000 0.550 0.005 2.20
First Quarter 2000 May 17, 2000 0.555 0.005 2.22
Second Quarter 2000 Aug. 16, 2000 0.560 0.005 2.24
Third Quarter 2000 Dec. 6, 2000 0.565 0.005 2.26
Fourth Quarter 2000 March 7, 2001 0.570 0.005 2.28
First Quarter 2001 June 7, 2001 0.575 0.005 2.30
Second Quarter 2001 Sept. 6, 2001 0.580 0.005 2.32
Third Quarter 2001 Dec. 6, 2001 0.585 0.005 2.34
Fourth Quarter 2001 March 6, 2002 0.590 0.005 2.36
B) PREFERRED STOCK
Increase
From Prior
Operating Period Payment Date Amount Quarter Annualized
------------------------------------------------------------------------------------------
September 1, 1998 - November 15, 1998 Nov. 26, 1998 0.46224 0.0 2.22
November 16, 1998 - February 15, 1999 Feb. 26, 1999 0.55469 0.0 2.22
February 16, 1999 - May 15, 1999 May 28, 1999 0.55469 0.0 2.22
May 16, 1999 - August 15, 1999 Aug. 27, 1999 0.55469 0.0 2.22
August 16, 1999 - November 15, 1999 Nov. 26, 1999 0.55469 0.0 2.22
November 16, 1999 - February 15, 2000 Feb. 29, 2000 0.55469 0.0 2.22
February 16, 2000 - May 15, 2000 May 31, 2000 0.55469 0.0 2.22
May 16, 2000 - August 15, 2000 Aug. 31, 2000 0.55469 0.0 2.22
August 16, 2000 - November 15, 2000 Nov. 30, 2000 0.55469 0.0 2.22
November 16, 2000 - February 15, 2001 Feb. 28, 2001 0.55469 0.0 2.22
February 16, 2001 - May 15, 2001 May 31, 2001 0.55469 0.0 2.22
May 16, 2001 - August 15, 2001 Aug. 31, 2001 0.55469 0.0 2.22
August 16, 2001 - November 15, 2001 Nov. 30, 2001 0.55469 0.0 2.22
November 16, 2001 - February 15, 2002 Feb. 28, 2002 0.55469 0.0 2.22
Healthcare Realty Trust Incorporated is authorized to issue
50,000,000 shares of Preferred Stock. 3,000,000 shares of 8 7/8%
Series A Voting Cumulative Preferred Stock, par value $.01 per
share, are issued and outstanding. Upon dissolution of the
Company, the Preferred Stock is senior to common stock with
respect to dividend rights and rights upon liquidation. Holders of
Preferred Stock are entitled to receive cumulative preferential
cash dividends at the rate of 8 7/8% per annum of the liquidation
preference of $25.00 per share payable quarterly, in arrears, on
the last business day in February, May, August, and November of
each year.
Preferred Stock is not redeemable prior to September 30, 2002. On
or after September 2002, the Company, at its option, may redeem
Preferred Stock, in whole or in part, at any time or from time to
time, at the redemption price. The holders of each share of
Preferred Stock have one vote and vote together with the holders
of common stock on all matters on which stockholders may vote.
C) INFORMATION REGARDING TAXABLE STATUS OF 2001 CASH DISTRIBUTIONS
(DOLLARS NOT ROUNDED TO THOUSANDS)
Cash Taxable
Distribution Ordinary Return of
Per Share Dividend Capital
-------------------------------------------
HR COMMON $ 2.310000 $ 1.954022 $ 0.355978
CUSIP # 421946104
HR 8.875% SERIES A PREFERRED $ 2.218760 $ 2.218760 $ --
CUSIP # 421946203
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 10 of 13
15) COMMON SHARES INFORMATION
The share amounts below set forth the computation of basic and diluted
shares (in accordance with FASB Statement No. 128) which will be used as
the denominator in the computation of EPS and FFO per share amounts:
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
-------------------------- --------------------------
2001 2000 2001 2000
----------- ----------- ----------- -----------
TOTAL COMMON SHARES OUTSTANDING 40,465,919 40,314,399 40,465,919 40,314,399
=========== =========== =========== ===========
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 40,950,006 40,282,091 40,678,069 40,151,220
Actual Restricted Stock Shares (837,784) (606,820) (837,784) (606,820)
----------- ----------- ----------- -----------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 40,112,222 39,675,271 39,840,285 39,544,400
Restricted Shares - Treasury 469,189 504,583 508,737 533,955
Dilution for Convertible Debentures 0 178,548 0 181,136
Dilution for Employee Stock Purchase Plan 112,158 50,542 114,136 41,918
----------- ----------- ----------- -----------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 40,693,569 40,408,944 40,463,158 40,301,409
=========== =========== =========== ===========
NOTE: AS OF DECEMBER 31, 2001, HR HAD APPROXIMATELY 1,665 SHAREHOLDERS OF
RECORD.
16) BENEFICIAL SECURITY OWNERSHIP BY MANAGEMENT AND DIRECTORS AS OF
DECEMBER 31, 2001
Owned Restricted(1) Reserved(2) Options Total
--------------------------------------------------------------------
OFFICERS
David R. Emery(4) 144,800(3) 392,602 168,750 0 706,152
Timothy G. Wallace(4) 32,938 208,773 82,500 0 324,211
Roger O. West(4) 3,238 210,549 82,500 0 296,287
Other Officers as a group 23,181 20,522 0 0 43,703
Directors as a group 41,349 2,700 0 0 44,049
--------- --------- --------- --------- ---------
TOTAL 245,506 835,146 333,750 0 1,414,402
========= ========= ========= ========= =========
(1) These shares are subject to long-term vesting requirements pursuant to the
terms of the 1993 Employees Stock Incentive Plan and the HR Discretionary Bonus
Program.
(2) These shares are specifically reserved for performance-based awards under
the 1993 Employees Stock Incentive Plan. The issuance of "Reserved Stock" to
eligible employees is contingent upon the achievement of specific performance
criteria. The total cumulative shareholder return targets for issuance have
been met; therefore, these shares will be issued in the first quarter of 2002.
When issued, these shares will be subject to long-term vesting requirements
pursuant to the terms of the 1993 Employees Stock Incentive Plan.
(3) Includes 143,352 shares owned by the Emery Family Limited Partnership and
1,448 shares owned by the Emery Family 1993 Irrevocable Trust. Mr. Emery is a
limited partner of the partnership and a beneficiary of the trust, but has no
voting or investment power with respect to the shares owned by such partnership
or trust.
(4) Messrs. Emery, Wallace, and West have elected to take 100% of their 2001
cash bonus in shares of Company stock, subject to an eight-year vesting period,
which will be issued in the first quarter of 2002.
17) INSTITUTIONAL HOLDINGS AS OF SEPTEMBER 30, 2001
A) Institutional Shares Held: 18,668,853 (Source: Form 13F Filings)
===========
B) Number of Institutions: 179
===========
C) Percentage of Common Shares Outstanding: 45.80%
===========
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 1,012,087
Less: Preferred Stock Liquidation/Redemption Value 75,000
-----------
Total Common Stockholders' Equity $ 937,087
Total Common Shares Outstanding 40,465,919
===========
Book Value Per Common Share $ 23.16
===========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 11 of 13
19) OTHER 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: hrinfo@healthcarerealty.com
OTHER OFFICES:
East Florida Regional Office
West Florida Regional Office
Mid-America Regional Office
Mid-Atlantic Regional Office
Southern California Regional Office
Texas/Southwest Regional Office
B) STOCK EXCHANGE, SYMBOL AND CUSIP NUMBER:
Security Description Stock Exchange Symbol CUSIP Number
-------------------------------------------------------------------------------------------
Common Stock New York Stock Exchange HR 421946104
8.875% Series A Preferred Stock New York Stock Exchange HR.A 421946203
Senior Notes due 2011 OTC HR 421946AE4
C) WEB SITE:
www.healthcarerealty.com
D) CORPORATE OFFICERS:
HEALTHCARE REALTY TRUST INCORPORATED
David R. Emery, Chairman of the Board and Chief Executive
Officer
Timothy G. Wallace, Executive Vice President and Chief Financial
Officer
Roger O. West, Executive Vice President and General Counsel
Michael W. Crisler, Senior Vice President/ Technology
Scott W. Holmes, Senior Vice President / Financial Reporting
Fredrick M. Langreck, Senior Vice President / Treasurer
J. D. Carter Steele, Senior Vice President / Asset
Administration
Eric W. Fischer, Vice President / Real Estate Investments
Keith A. Harville, Vice President / Real Estate Investments
Donald L. Husi, Vice President / Senior Living Asset
Administration
Leigh Ann Stach, Vice President / Financial Reporting and
Controller
B. Douglas Whitman, Associate Vice President / Real Estate
Investments
Rita H. Todd, Corporate Secretary
HEALTHCARE REALTY SERVICES INCORPORATED
B. Bart Starr, Chairman of the Board
Roland H. Hart, President
Thomas M. Carnell, Vice President / Design & Construction
Gilbert T. Irvin, Vice President / Operations
Anne C. Sanborn, Associate Vice President / Project Development
Services
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)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED DECEMBER 31, 2001
Page 12 of 13
F) PROFESSIONAL AFFILIATIONS:
INDEPENDENT PUBLIC AUDITORS
Ernst & Young LLP
Bank of Americas Plaza
414 Union Street
Nashville, TN 37219-1779
TRANSFER AGENT
BankBoston
c/o EquiServe, LP
Investor Services
P.O. Box 8040
Boston, MA 02266-8040
Phone: 781-575-3400
G) DIVIDEND REINVESTMENT PLAN:
Through the Company's transfer agent, Boston EquiServe, named
Shareholders of Record can re-invest dividends in shares at a 5%
discount without a service or sales charge. In addition, up to $5
thousand of HR common stock may be purchased per quarter through
the transfer agent without a service or sales charge to the
shareholder.
H) ANALYSTS PROVIDING RESEARCH COVERAGE ON HR:
A.G. Edwards & Sons, Inc. Ann Melnick (314) 955-2947
Banc of America Securities Gary Taylor (212) 847-5174
Credit Suisse First Boston Corporation Larry Raiman (212) 538-2380
J. J. B. Hilliard, W. L. Lyons, Inc. John M. Roberts (502) 588-9143
Legg Mason Wood Walker Inc. Jerry L. Doctrow (410) 454-5142
Prudential Securities, Inc. Jim Sullivan (212) 778-2515
UBS Warburg Howard Capek (212) 821-6369
Wachovia Securities, Inc. Stephen Swett (212) 909-0954
I) PROJECTED DATES FOR 2002 DIVIDEND AND EARNINGS PRESS RELEASES:
DIVIDEND EARNINGS
---------------- ----------------
First Quarter 2002 April 23, 2002 April 26, 2002
Second Quarter 2002 July 23, 2002 July 26, 2002
Third Quarter 2002 October 22, 2002 October 25, 2002
Fourth Quarter 2002 January 28, 2003 January 31, 2003
NOTE> A conference call will be scheduled at 9:00 AM CST the
morning of the earnings press release.
J) INVESTOR RELATIONS:
Healthcare Realty Trust Incorporated
3310 West End Avenue, Suite 700
Nashville, TN 37203
Attention: Bethany A. Mancini
Phone: 615-269-8175
Fax: 615-269-8461
E-mail: BMancini@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
Incorporated for the year ended December 31, 2000. The 10-K is
available via the Company's web site or by calling Investor
Relations at (615) 269-8175. 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 DECEMBER 31, 2001
Page 13 of 13