EXHIBIT 99.1

                        [HEALTHCARE REALTY TRUST LOGO]



                                  NEWS RELEASE
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Contact: Timothy G. Wallace, Executive Vice President and Chief Financial
         Officer (615) 269-8175


                        HEALTHCARE REALTY TRUST ANNOUNCES
                        SECOND QUARTER DIVIDEND INCREASE

  COMPANY REPORTS PREFERRED STOCK DIVIDEND AND THIRTY-SIXTH CONSECUTIVE COMMON
                                DIVIDEND INCREASE

         NASHVILLE, Tennessee, July 23, 2002 -- Healthcare Realty Trust
Incorporated (NYSE:HR) today announced its thirty-sixth consecutive common stock
dividend increase for the quarter ended June 30, 2002. This dividend, in the
amount of $0.60 per share, represents an increase of $0.005 per share over the
dividend paid for the quarter ended March 31, 2002. The dividend is payable on
September 5, 2002 to shareholders of record on August 15, 2002. At this rate,
quarterly dividends approximate an annualized dividend payment of $2.40 per
share.

         Healthcare Realty Trust also announced a cash dividend of $0.55469 per
share for its 8 7/8% Series A Cumulative Preferred Stock. The dividend is
payable on August 30, 2002 to shareholders of record on August 15, 2002.

         Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real estate
properties associated with the delivery of healthcare services throughout the
United States. The Company's portfolio is comprised of nine major facility
types, located in 29 states nationwide, and operated pursuant to contractual
arrangements with 62 healthcare providers. The Company has investments of
approximately $1.6 billion in 238 real estate properties or mortgages, totaling
approximately 11.3 million square feet. The Company provides property management
or asset management services to almost six million square feet nationwide.




    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 a 10-K filed with
    the SEC by Healthcare Realty Trust for the year ended December 31, 2001.
 Forward-looking statements represent the Company's judgment as of the date of
  this release. The Company disclaims any obligation to update forward-looking
                                   material.

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