EXHIBIT 99.1
HEALTHCARE REALTY TRUST
Investor Slide Presentation
In addition to the historical information contained within, the matters
discussed in this presentation may contain forward-looking statements that
involve risks and uncertainties. These risks are discussed in a 10-K
filed with the SEC by Healthcare Realty Trust for the year ended
December 31, 2000. Forward-looking statements represent the Company's
judgment as of the date of this presentation. The Company disclaims any
obligation to update forward-looking material.
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CORPORATE PROFILE
-- Integrated Real Estate Company Focused on Owning, Managing and
Developing Income-Producing Real Estate Properties Associated With
the Delivery of Healthcare Services
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CORPORATE PROFILE
-- Strategy
-- Provide Integrated Real Estate Solutions
-- Concentrate on Outpatient Healthcare Facilities
-- Focus on Long-Term Relationships
-- Internal & External Growth Capabilities
-- Client, Geographic & Property Type Diversification
-- Strong Capital Structure with Conservative Leverage
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PERFORMANCE HIGHLIGHTS
-- $1.6 Billion in Total Investments and Commitments
-- 245 Owned Properties and Mortgages, 11.4 Million Square Feet
-- 6.2 Million Square Feet Managed
-- 6.4% Average FFO Historical Growth, 3.1% Growth 4th Quarter, YOY
-- 33.3% Debt to Book Capitalization, Ranked 6th
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STRATEGY
-- Differentiation
-- Integrate Related Real Estate Services and Capital
-- Not A Finance Company
-- Added Value
-- Maximize Return on Assets
-- Mitigate Issues Related to Fraud & Abuse Statutes
-- Control Operating Expenses
-- Clients
-- Partnerships...Aligned, Long-Term Incentives
-- Foster Additional Investments Over Time
-- Publicly-Traded or Investment Grade
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STRATEGY
-- Markets
-- Invest with Leading Providers in Growth Markets
-- Geographic Diversification
-- Facilities
-- Emphasize Real Estate Fundamentals
-- Focus on Growth Sectors - Ancillary and Outpatient
-- Location, Location, Location
-- Growth
-- Strategic Acquisitions
-- Cross-Selling of Services
-- Proactive Property Management
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HEALTHCARE OVERVIEW
-- Healthcare Industry Fundamentals Remain Favorable - Non-Cyclical
in Slowing Economy
-- Strong Revenue Growth Trends
-- Higher Reimbursement
-- Rising Admissions
-- Lower Cost Pressures
-- Balance Sheet Improvement
-- Continued Emphasis on Outpatient and Lower-Cost Settings
-- Capital Needs Heighten Use of Alternative Sources of Capital
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HEALTHCARE OVERVIEW
-- Graphic Omitted: Inpatient Admissions per Thousand from 1950 to
2000
--Source: American Hospital Association, Hospital Statistics 2002.
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HEALTHCARE OVERVIEW
-- Graphic Omitted: Inpatient Days vs. Outpatient Visits from 1983 to
2000.
--Source: American Hospital Association, Hospital Statistics 2002.
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HEALTHCARE OVERVIEW
-- Graphic Omitted: National Healthcare Spending in 2000.
--Source: Centers for Medicare and Medicaid Services, Office of the
Actuary, National Health Statistics Group, 2000.
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HEALTHCARE OVERVIEW
-- Graphic Omitted: Acute Care Hospital Profit Margins from 1985 to
2000
--Source: American Hospital Association, as quoted in Modern
Healthcare, November 26, 2001, p. 12.
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HEALTHCARE OVERVIEW
-- Graphic Omitted: Acute Care Hospital Medicare Margins from 1984 to
2000
--Source: Medicare payment advisory commission, 2000 margin projected,
(202)653-7220.
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INVESTMENT BY FACILITY TYPE
-- Graphic Omitted: See Supplemental Data Report as of 12/31/01 for
additional information.
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INVESTMENT BY PROVIDER
-- Graphic Omitted: See Supplemental Data Report as of 12/31/01 for
additional information.
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INVESTMENT BY STATE
-- Chart and Map Omitted: See Supplemental Data Report as of 12/31/01
for additional information.
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GROWTH OPPORTUNITIES
-- Existing Relationships
-- Additional Investments
-- Management Services Expansion
-- VHA Inc. Business Partnership
-- 2,200 Not-for-Profit Health Systems
-- Not-for-Profit Healthcare Sector
-- Strong Fundamentals
-- 91% of Rated Hospitals are Investment Grade
-- Healthcare Industry Size
-- 800,000 Physicians
-- 3,800 Privately-Owned Hospitals, 80% Not-for-Profit
-- $18 Billion Healthcare Construction Expenditures
-- $500 Billion in Healthcare Real Estate
-- Healthcare Industry Capital Demands
-- Balance Sheet Focus
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-- Margin Pressures
-- Clinical Mission
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CAPITAL STRUCTURE
-- Strong Balance Sheet
-- Debt to Book Capitalization 33.3%
-- $300 Million 8.125% Senior Notes Due 2011
-- $150 Million Unsecured Credit Facility Due 2004
-- $88 Million in Senior Notes Due 2002 and 2006
-- Senior Notes Rated "Baa3" by Moody's, "BBB" by Fitch, Duff &
Phelps, and "BBB-" by Standard and Poor's
-- 3 Million Shares Preferred Stock
(Information as of 12/31/01)
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INVESTMENTS & COMMITMENTS
-- Graphic Omitted: Total investments & commitments from 1995 to
2001. See the Company's financial reports for additional
information.
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REVENUES
-- Graphic Omitted: Total annual revenues from 1995 to 2001. See the
Company's financial reports for additional information.
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FUNDS FROM OPERATIONS - DILUTED
-- Graphic Omitted: Total funds from operations from 1995 to 2001.
See the Company's financial reports for additional information.
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DIVIDENDS PER SHARE
-- Graphic Omitted: Quarterly dividends per common share from fourth
quarter 1997 to fourth quarter 2001. See the Company's financial
reports for additional information.
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SUMMARY
-- Healthcare is a Large, Vital and Profitable Industry
-- Expanding Sectors of Healthcare Industry
-- Growth Markets with Prominent Clients
-- Distinct Competitive Advantages
-- Integrated Real Estate Services and Capital
-- Well-Defined, Differentiated Strategy
-- Innovative Transaction Structures
-- Extensive Experience and Client Relationships
-- Management Expertise
-- Low Leverage and Strong Balance Sheet
-- Cash Flow and Dividend Growth
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