EXHIBIT 99.3
Supplemental Data Report
Three Months Ended September 30, 2002
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of October 24, 2002
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1) - UNAUDITED
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT. 30, ENDED SEPT. 30,
------------------------- ----------------------------
2002 2001 2002 2001
---------- ------------ ------------ ------------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF REAL
ESTATE PROPERTIES $ 20,248 $ 19,307 $ 59,721 $ 58,741
CERTAIN DEBT-RELATED CHARGES (2) 0 607 0 607
ELIMINATION OF THE RECOGNITION OF RENTAL REVENUES
ON A STRAIGHT LINE BASIS (2) (1,017) (1,289) (2,248) (4,480)
PREFERRED STOCK DIVIDEND (2) (1,664) (1,664) (4,992) (4,992)
REAL ESTATE DEPRECIATION 10,094 10,007 30,411 29,949
------------------------- ----------------------------
TOTAL ADJUSTMENTS 7,413 7,661 23,171 21,084
------------------------- ----------------------------
FUNDS FROM OPERATIONS - BASIC $ 27,661 $ 26,968 $ 82,892 $ 79,825
========================= ============================
CONVERTIBLE SUBORDINATED DEBENTURE INTEREST 0 0 0 0
========================= ============================
FUNDS FROM OPERATIONS - DILUTED $ 27,661 $ 26,968 $ 82,892 $ 79,825
========================= ============================
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.68 $ 0.68 $ 2.04 $ 2.01
========================= ============================
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.67 $ 0.67 $ 2.00 $ 1.98
========================= ============================
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 40,682,210 39,891,254 40,601,065 39,748,243
========================= ============================
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,487,797 40,512,989 41,450,671 40,404,491
========================= ============================
(1) Funds From Operations ("FFO") does not represent cash generated from
operating activities in accordance with accounting principles generally
accepted in the United States, 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 2002, the Company included only three
and nine months of preferred stock dividends in computing FFO for the
three and nine months, respectively, although an additional amount was
paid upon redemption of the preferred stock on September 30, 2002. In
2001, the Company also excluded certain debt-related charges 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 $0.68 and $2.04, respectively, per
common share for the three and nine months ended September 30, 2002.
- -------------------------------------------------------------------------------
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 SEPT. 30, 2002 PAGE 1 OF 13
2) CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
SEPT. 30, 2002 DEC. 31, 2001
-------------- -------------
Real estate properties (2):
Land $ 135,240 $ 149,522
Buildings and improvements 1,321,558 1,348,031
Personal property 8,486 7,815
Construction in progress 9,911 18,255
----------- -----------
1,475,195 1,523,623
Less accumulated depreciation (185,999) (160,886)
----------- -----------
Total real estate properties, net 1,289,196 1,362,737
Cash and cash equivalents 2,743 2,930
Mortgage notes receivable 107,940 122,074
Other assets, net 91,291 67,740
----------- -----------
Total assets $ 1,491,170 $ 1,555,481
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 534,849 $ 505,222
Accounts payable and accrued liabilities 19,966 12,203
Other liabilities 13,223 25,969
----------- -----------
Total liabilities 568,038 543,394
----------- -----------
Commitments and contingencies -- --
Stockholders' equity:
Preferred stock, $.01 par value; 50,000,000 shares authorized;
issued and outstanding, 2002-- none; and 2001-- 3,000,000 0 30
Common stock, $.01 par value; 150,000,000 shares authorized;
issued and outstanding, 2002-- 41,968,351; 2001-- 41,465,919 419 414
Additional paid-in capital 1,027,670 1,089,127
Deferred compensation (22,505) (12,852)
Cumulative net income 437,654 375,061
Cumulative dividends (520,106) (439,693)
----------- -----------
Total stockholders' equity 923,132 1,012,087
----------- -----------
Total liabilities and stockholders' equity $ 1,491,170 $ 1,555,481
=========== ===========
(1) The balance sheet at December 31, 2001 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.
(2) Total weighted average depreciable life is 34.6 years. (see
schedule 5)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 2 OF 13
3) CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT. 30, ENDED SEPT. 30,
---------------------------- ----------------------------
2002 2001 2002 2001
----------- ----------- ----------- -----------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 25,276 $ 24,941 $ 74,855 $ 75,053
Property operating income 19,626 15,783 57,627 49,822
Straight line rent 1,017 1,289 2,248 4,480
Mortgage interest income 3,292 4,669 10,614 13,714
Management fees 257 396 850 1,120
Interest and other income 350 740 1,587 1,353
----------- ----------- ----------- -----------
49,818 47,818 147,781 145,542
----------- ----------- ----------- -----------
EXPENSES
General and administrative 3,140 2,772 8,374 7,565
Property operating expenses 7,486 6,288 22,348 19,151
Interest 8,529 9,161 25,966 29,360
Depreciation 10,386 10,216 31,267 30,496
Amortization 29 74 105 229
----------- ----------- ----------- -----------
29,570 28,511 88,060 86,801
----------- ----------- ----------- -----------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF
REAL ESTATE PROPERTIES 20,248 19,307 59,721 58,741
Net gain (loss) on sale of real estate properties 242 416 2,872 999
----------- ----------- ----------- -----------
NET INCOME $ 20,490 $ 19,723 $ 62,593 $ 59,740
=========== =========== =========== ===========
NET INCOME PER COMMON SHARE - BASIC $ 0.45 $ 0.45 $ 1.40 $ 1.38
=========== =========== =========== ===========
NET INCOME PER COMMON SHARE - DILUTED $ 0.44 $ 0.45 $ 1.38 $ 1.36
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - BASIC 40,682,210 39,891,254 40,601,065 39,748,243
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - DILUTED 41,487,797 40,512,989 41,450,671 40,404,491
=========== =========== =========== ===========
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 NET INCOME TO TAXABLE INCOME (UNAUDITED)
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT. 30, ENDED SEPT. 30,
----------------------- -----------------------
2002 2001 2002 2001
-------- -------- -------- --------
NET INCOME $ 20,490 $ 19,723 $ 62,593 $ 59,740
DEPRECIATION AND AMORTIZATION (1) 10,415 10,290 31,372 30,725
DEPRECIATION AND AMORTIZATION (2) (8,533) (8,406) (24,788) (25,218)
GAIN OR LOSS ON DISPOSITION OF DEPRECIABLE ASSETS 10,495 (133) 11,652 115
STRAIGHT LINE RENT (895) (1,289) (2,126) (4,480)
OTHER 3,020 201 1,945 600
-------- -------- -------- --------
14,502 663 18,055 1,742
-------- -------- -------- --------
TAXABLE INCOME (3) $ 34,992 $ 20,386 $ 80,648 $ 61,482
======== ======== ======== ========
(1) Per Statement of Income
(2) Tax basis
(3) Before REIT dividend paid deduction
NOTE: While taxable income cannot be determined with any certainty until
after the close of the calendar year, the Company has estimated
taxable income for the periods ended September 30, 2002 and September
30, 2001 based on the Company's net income for financial statement
purposes adjusted for anticipated differences between financial
statement net income and REIT taxable income. These differences arise
from income and expenses included in net income that are nontaxable or
nondeductible, respectively, for federal income tax purposes, or that
are taxable or deductible, respectively, in another period or periods
due to timing differences between the methods of accounting
appropriate under generally accepted accounting principles and those
required for federal income tax purposes. Such differences for the
Company include those listed above in detail and other differences,
which are attributable to deferred rents, reserves for doubtful
accounts and other contingencies, prepaid expenses, deferred
compensation, nondeductible expenses, nontaxable income, purchase
accounting differences arising from tax-free reorganizations, and
other differences between GAAP and federal income tax accounting
methods.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 3 OF 13
4) INVESTMENT PROGRESSION
A) CONSTRUCTION IN PROGRESS
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/02 PROPERTIES 09/30/02
---------- ------------- ---------- ------------
Balance at beginning of period 3 $ 18,064 4 $ 18,255
Fundings on projects in existence at
the beginning of the period 0 1,120 0 6,031
New Projects started during the period 0 0 0 0
Completions (1) (9,273) (2) (14,375)
-- -------- -- --------
Balance at end of period 2 $ 9,911 2 $ 9,911
== ======== == ========
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/02 PROPERTIES 09/30/02
---------- ------------- ---------- ------------
Balance at beginning of period 201 $ 1,500,823 205 $ 1,505,368
Acquisitions 0 0 0 0
Additions/Improvements 0 4,576 0 15,004
Completions (CIP) 1 9,273 2 14,375
Sales (6) (49,388) (11) (69,463)
--- ----------- --- -----------
Balance at end of period 196 $ 1,465,284 196 $ 1,465,284
=== =========== === ===========
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/02 PROPERTIES 09/30/02
---------- ------------ ---------- ------------
Balance at beginning of period 29 $ 114,027 36 $ 122,074
Funding of Mortgages 0 57 0 3,921
Repayments (4) (5,754) (11) (16,770)
Purchase Price Adjustment Amortization 0 (159) 0 (477)
Scheduled Principal Payments 0 (231) 0 (808)
-- --------- -- ---------
Balance at end of period 25 $ 107,940 25 $ 107,940
== ========= == =========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 4 OF 13
5) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION
OUTPATIENT FACILITIES INPATIENT FACILITIES
------------------------------------------------- --------------------------------------
Comp. Other Assist- In- Other
Ambu- Out- ed Skilled patient In-
Ancillary latory Medical Patient Living Nursing Rehab patient
Hospital Physician Care Office Facili- Facili- Facili- Facili- Facili- % of
Facilities Clinics Centers Buildings ties(1) ities ities ities ties(2) Total Total
------------------------------------------------- ----------------------------------------------------------
OPERATING
PROPERTIES
1 Arizona 3,594 13,361 16,955 1.07%
2 California 47,173 29,551 76,724 4.85%
3 Florida 30,778 10,311 44,549 8,433 94,071 5.94%
4 Georgia 18,876 18,876 1.19%
5 Kansas 10,993 10,993 0.69%
6 Mississippi 6,005 4,290 10,295 0.65%
7 Missouri 5,579 11,845 17,424 1.10%
8 Nevada 44,603 44,603 2.82%
9 Pennsylvania 13,937 4,960 2,902 21,799 1.38%
10 Tennessee 53,733 8,699 10,939 73,371 4.63%
11 Texas 24,916 8,739 33,655 2.13%
12 Virginia 28,938 3,289 12,447 44,674 2.82%
13 Wyoming 18,552 2,180 20,732 1.31%
-------------------------------------------------------------------------------------------------------------
TOTAL OPER.
PROPERTIES 302,098 32,838 99,306 42,738 4,290 0 0 0 2,902 484,172 30.58%
-------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY
NOI GROWTH: 5.0% 9.4% 13.0% -5.6% 0.0% 0.0% 6.9%
- -----------------------------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama 43,697 11,475 4,348 17,722 77,242 4.88%
2 Arizona 5,274 2,874 8,148 0.51%
3 Arkansas 3,040 3,040 0.19%
4 California 29,208 8,321 1,046 12,688 51,263 3.24%
5 Colorado 4,967 21,441 26,408 1.67%
6 Connecticut 12,128 12,128 0.77%
7 Florida 39,668 45,672 13,558 1,441 9,538 23,553 10,206 11,703 155,339 9.81%
8 Georgia 5,414 1,587 10,028 17,029 1.08%
9 Illinois 11,879 1,478 13,357 0.84%
10 Indiana 3,640 3,640 0.23%
11 Kansas 7,593 7,593 0.48%
12 Massachusetts 19,739 19,739 1.25%
13 Michigan 12,715 13,789 26,504 1.67%
14 Mississippi 3,456 3,456 0.22%
15 Missouri 16,288 4,547 6,218 11,083 38,136 2.41%
16 Nevada 6,999 3,801 10,800 0.68%
17 New Jersey 18,952 18,952 1.20%
18 North Carolina 3,884 3,884 0.25%
19 Ohio 4,468 4,468 0.28%
20 Oklahoma 13,274 13,274 0.84%
21 Pennsylvania 30,914 20,969 113,492 165,375 10.45%
22 Tennessee 3,139 2,598 7,454 8,335 21,526 1.36%
23 Texas 39,679 17,227 22,180 1,976 72,210 19,466 13,136 5,992 191,866 12.12%
24 Virginia 22,995 1,941 2,155 17,309 37,031 81,431 5.14%
25 Wyoming 6,954 6,954 0.44%
-------------------------------------------------------------------------------------------------------------
TOTAL MASTER
LEASES 190,659 110,850 52,026 5,358 38,667 226,843 181,315 156,053 19,781 981,552 62.00%
-------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY
NOI GROWTH: 1.2% 4.0% -0.8% 2.9% -1.6% 1.6% 1.6% 2.1% 0.5% 1.6%
- -----------------------------------------------------------------------------------------------------------------------------------
Corporate
Property 9,471 0.60%
-------------------------------------------------------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $492,757 $143,688 $151,332 $48,096 $42,957 $226,843 $181,315 $ 156,053 $22,683 $1,475,195 93.18%
=============================================================================================================
- -----------------------------------------------------------------------------------------------------------------------------------
Wtd Avg
Depreciable
Life (yrs): 36.4 33.4 33.1 36.1 35.5 32.3 35.5 34.8 31.3 34.6
Wtd Avg Period
Held (yrs): 6.1 5.0 4.9 6.2 5.6 3.8 5.7 4.0 4.0 5.2
- -----------------------------------------------------------------------------------------------------------------------------------
MORTGAGES
1 Arizona 6,042 17,160 23,202 1.47%
2 California 16,763 7,712 24,475 1.55%
3 Florida 9,406 11,764 21,170 1.34%
4 Georgia 1,116 1,116 0.07%
5 Idaho 4,768 4,768 0.30%
6 Michigan 10,827 10,827 0.68%
7 New Mexico 744 744 0.05%
8 Ohio 1,563 586 2,149 0.14%
9 Oregon 2,831 2,831 0.18%
10 South Carolina 2,991 2,991 0.19%
11 Tennessee 737 11,724 12,461 0.79%
12 Texas 590 616 1,206 0.08%
-------------------------------------------------------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ 9,996 $ -- $ -- $ -- $ 49,935 $ 23,137 $ -- $24,872 $ 107,940 6.82%
-------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
SAME FACILITY
NOI GROWTH: 1.1% -3.4% 14.2% 1.4% 1.6%
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS $492,757 $153,684 $151,332 $48,096 $42,957 $276,778 $204,452 $156,053 $47,555 $1,583,135 100.00%
=============================================================================================================
PERCENT OF
$ INVESTED 32.125% 9.708% 9.559% 3.038% 2.713% 17.483% 12.914% 9.857% 3.004% 100.00%
=============================================================================================================
NUMBER OF
PROPERTIES 56 29 13 9 12 53 37 9 5 223
======================================================================================================
NUMBER OF BEDS 4,705 3,940 759 354 9,758
=====================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT PAGE 5 OF 13
THREE MONTHS ENDED SEPT. 30, 2002
6) INVESTMENT BY OPERATOR/SIGNIFICANT TENANT
Number of (1)
Real Real Number of Total (1)
Estate 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 27 275,106 27 275,106 275,106 17.37%
2 HCA - The Healthcare
Company 26 218,562 26 218,562 428 218,990 13.83%
3 Tenet 12 99,643 1 7,712 13 107,355 107,355 6.78%
4 Balanced Care 14 64,658 14 64,658 64,658 4.08%
5 Baptist Memorial Hospital 4 48,354 4 48,354 48,354 3.05%
6 Integrated Health 3 36,946 3 36,946 36,946 2.33%
7 Methodist 4 26,440 4 26,440 26,440 1.67%
8 Triad 4 24,570 4 24,570 24,570 1.55%
9 MedCath 1 3,594 1 17,160 2 20,754 20,754 1.31%
10 United Medical Center 1 20,732 1 20,732 20,732 1.31%
11 Ramsay 2 19,782 2 19,782 19,782 1.25%
12 Ephrata Community
Hospital 3 18,897 3 18,897 18,897 1.19%
13 KS Management Services 1 17,227 1 17,227 17,227 1.09%
14-25 12 Operators With Less
than 1% Each 17 105,824 1 7,580 18 113,404 -- 113,404 7.16%
---------------------------------------------------------------------------------------------------
119 980,335 3 32,452 122 1,012,787 428 1,013,215 63.98%
---------------------------------------------------------------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
- -----------------------------------
26 Life Care Centers 12 82,958 2 9,307 14 92,265 92,265 5.83%
27 Summerville 5 52,838 5 52,838 52,838 3.34%
28 Lewis-Gale Clinic, LLC 8 44,675 8 44,675 44,675 2.82%
29 Senior Lifestyles 4 43,460 4 43,460 43,460 2.74%
30 HRT Multi-tenant 4 32,089 4 32,089 32,089 2.03%
31 Kerlan Jobe Orthopedic 1 29,550 1 29,550 29,550 1.87%
32 Emeritus 4 28,750 4 28,750 28,750 1.82%
33 Melbourne Internal
Medicine 4 28,411 4 28,411 28,411 1.79%
34 Centennial 6 16,355 1 9,254 7 25,609 25,609 1.62%
35 Wellington 5 19,292 5 19,292 19,292 1.22%
6-62 27 Operators With Less
than 1% Each 26 107,011 19 56,927 45 163,938 -- 163,938 10.35%
---------------------------------------------------------------------------------------------------
79 485,389 22 75,488 101 560,877 -- 560,877 35.42%
---------------------------------------------------------------------------------------------------
Corporate Property 9,471 9,471 9,471 0.60%
---------------------------------------------------------------------------------------------------
198 $1,475,195 25 $107,940 223 $1,583,135 $428 $1,583,563 100.00%
===================================================================================================
</Table>
1) Includes construction in progress.
7) SQUARE FEET OWNED AND/OR MANAGED BY GEOGRAPHIC LOCATION
Number of Properties Owned
-------------------------------- -----------------------------
Construc- Third Party
Third NOT tion In Property
Owned Party Mortgages Total Managed Progress Managed Management Mortgages Total Percent
----------------------------------------------------------------- -----------------------------------------------
1 Florida 34 76 3 113 804,860 34,716 562,997 1,524,661 172,060 3,099,294 24.37%
2 Texas 26 2 28 1,097,527 412,373 66,665 1,576,565 12.40%
3 Tennessee 15 5 3 23 161,366 503,119 291,244 184,191 1,139,920 8.96%
4 California 12 1 4 17 256,144 364,014 30,245 465,380 1,115,783 8.77%
5 Virginia 24 1 25 527,705 461,904 111,998 1,101,607 8.66%
6 Pennsylvania 20 20 722,053 116,297 838,350 6.59%
7 Alabama 10 10 507,530 507,530 3.99%
8 Georgia 7 1 8 138,599 204,127 40,000 382,726 3.01%
9 Michigan 6 2 8 235,227 129,408 364,635 2.87%
10 Missouri 10 10 201,167 114,195 315,362 2.48%
11 Arizona 4 4 8 74,507 75,621 142,487 292,615 2.30%
12 Nevada 3 3 43,579 195,915 239,494 1.88%
13 Colorado 3 3 225,764 225,764 1.78%
14 Wyoming 2 2 29,851 193,826 223,677 1.76%
15 Mississippi 3 3 6 25,000 97,471 70,202 192,673 1.52%
16 Ohio 1 2 3 33,181 124,411 157,592 1.24%
17 Massachusetts 3 3 141,027 141,027 1.11%
18 Oklahoma 5 5 139,216 139,216 1.09%
19 Kansas 2 2 57,035 71,144 128,179 1.01%
20 Illinois 2 2 115,100 115,100 0.91%
21 New Jersey 2 2 110,844 110,844 0.87%
22 Oregon 1 1 80,429 80,429 0.63%
23 Connecticut 1 1 59,387 59,387 0.47%
24 New Mexico 1 1 42,639 42,639 0.34%
25 North Carolina 1 1 33,181 33,181 0.26%
26 Indiana 1 1 29,500 29,500 0.23%
27 Idaho 1 1 29,118 29,118 0.23%
28 South Carolina 1 1 23,000 23,000 0.18%
29 Arkansas 1 1 11,963 11,963 0.09%
------------------------------------------------------------------------------------------------------------------
TOTAL SQUARE
FEET 5,781,313 34,716 3,373,003 2,028,350 1,499,788 12,717,170 100.00%
=================================================================================
TOTAL
PROPERTIES 198 86 25 309
=================================
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 6 OF 13
8) SQUARE FEET OWNED AND/OR MANAGED BY FACILITY TYPE
Owned
------------------------------------ Third Party
NOT Construction Property
Managed In Progress Managed Management Mortgages Total Percent
------------------------------------ -------------------------------------------------
Ancillary Hospital Facility 1,163,704 2,187,762 3,351,466 26.35%
Medical Office Buildings 42,932 330,984 1,998,105 2,372,021 18.65%
Assisted Living Facilities 1,432,174 989,285 2,421,459 19.04%
Skilled Nursing Facilities 1,249,751 306,010 1,555,761 12.23%
Physician's Clinics 707,733 169,141 105,915 982,789 7.73%
Comprehensive Ambulatory Care Centers 134,857 34,716 648,165 817,738 6.43%
Inpatient Rehab Hospitals 643,383 643,383 5.06%
Other Outpatient Facilities 253,438 36,951 290,389 2.28%
Other Inpatient Facilities 153,341 30,245 98,578 282,164 2.22%
------------------------------------ -------------------------------------------------
TOTAL SQUARE FEET 5,781,313 34,716 3,373,003 2,028,350 1,499,788 12,717,170 100.00%
PERCENT OF TOTAL SQUARE FOOTAGE 45.46% 0.27% 26.52% 15.95% 11.79% 100.00%
==================================== =======================================
TOTAL NUMBER OF PROPERTIES 142 2 54 86 25 309
==================================== =======================================
9) SQUARE FEET OWNED AND/OR MANAGED BY OPERATOR/SIGNIFICANT TENANT
OWNED
------------------------------ Third Party
NOT Construction Property
Managed In Progress Managed Management Mortgages Total Percent
------------------------------ -------------------------------------------
PUBLIC OR INVESTMENT GRADE OPERATOR/
SIGNIFICANT TENANT
- ------------------------------------
1 HCA - The Healthcare Company 622,220 34,716 685,280 1,466,838 2,809,054 22.09%
2 Healthsouth 1,124,390 147,639 1,272,029 10.00%
3 Tenet Healthcare Corporation 258,485 341,196 61,968 89,000 750,649 5.90%
4 Baptist Memorial Hospital 369,290 361,446 730,736 5.75%
5 Balanced Care 400,370 400,370 3.15%
6 Brookdale Communities 263,786 263,786 2.07%
7 Methodist 221,230 221,230 1.74%
8 United Medical Center 193,826 193,826 1.52%
9 Integrated Health 153,660 153,660 1.21%
10 Ramsay 153,341 153,341 1.21%
11 Labcorp of America 129,294 129,294 1.02%
12 Triad 129,442 129,442 1.02%
13-27 16 Operators with Square Feet Less Than 1% 423,583 -- 483,769 -- 9,578 916,930 7.21%
------------------------------ -------------------------------------------
TOTAL 3,394,785 34,716 2,442,230 1,890,252 362,364 8,124,347 63.88%
------------------------------ -------------------------------------------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
28 Life Care Centers of America 620,527 131,813 752,340 5.92%
29 Lewis-Gale Clinic, LLC 461,904 461,904 3.63%
30 Senior Lifestyles 308,742 308,742 2.43%
31 Summerville 292,231 292,231 2.30%
32 Centennial Healthcare 151,172 80,000 231,172 1.82%
33 HRT Multi-tenant 227,020 227,020 1.79%
34 Emeritus 209,747 209,747 1.65%
35 Hearthstone 192,198 192,198 1.51%
36 Melbourne Internal Medicine 140,125 140,125 1.10%
37 HSI 139,216 139,216 1.09%
38 Wellington 130,790 130,790 1.03%
39 Prestige Care 129,618 129,618 1.02%
40-64 25 Operators with Square Feet Less Than 1% 393,978 -- 241,849 138,098 603,795 1,377,720 10.83%
------------------------------ -------------------------------------------
TOTAL 2,386,528 -- 930,773 138,098 1,137,424 4,592,823 36.12%
------------------------------ -------------------------------------------
TOTAL SQUARE FEET 5,781,313 34,716 3,373,003 2,028,350 1,499,788 12,717,170 100.00%
============================== ===========================================
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue
For the Three % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 09/30/02 Total Revenue
--------------------------------------------------------------------
0% to 24.9% 0 0 0.0%
25% to 49.9% 1 43 0.1%
50% to 69.9% 2 220 0.4%
70% to 84.9% 24 2,576 5.2%
85% to 100.0% 26 3,992 8.0%
---------------------------------------
53 $6,831 13.7%
=======================================
NOTE: Occupancy rates are generally as of June 30, 2002 and revenues are for
the three months ended September 30, 2002.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 7 OF 13
11) LEASE/MORTGAGE MATURITY SCHEDULE
A) LEASES
Weighted
Average
Number Number of Estimated Percent of Remaining
of Operating Annualized Annualized Lease
Master Property Net Net Term
Leases Leases Revenue Revenue (Years)
-----------------------------------------------------
2002 3 24 2,439 1.57% 0.00
2003 3 48 5,370 3.46% 0.04
2004 11 44 10,841 6.98% 0.12
2005 4 78 7,009 4.51% 0.11
2006 3 64 6,945 4.47% 0.15
2007 10 28 7,067 4.55% 0.24
2008 20 23 19,860 12.78% 0.76
2009 24 6 21,302 13.71% 1.09
2010 9 7 6,322 4.07% 0.38
2011 10 19 21,123 13.60% 0.89
2012 19 5 15,013 9.66% 1.07
2013 15 2 18,679 12.02% 1.16
2014 1 6 1,852 1.19% 0.08
2015 5 0 2,198 1.41% 0.19
After 2015 5 8 9,332 6.01% 1.33
---------------------------------------------------
TOTAL 142 362 $155,352 100.00% 7.61
===================================================
NUMBER OF PROPERTIES REPRESENTED: 198
B) MORTGAGES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Mortgage
Mortgages Net Revenue Net Revenue Term (Years)
-----------------------------------------------------
2002 6 2,222 18.74% 0.00
2003 3 456 3.85% 0.02
2004 4 1,998 16.85% 0.36
2005 3 666 5.62% 0.25
2006 1 502 4.23% 0.18
2007 1 1,054 8.89% 0.38
2008 3 1,754 14.80% 0.81
2009 2 1,437 12.12% 0.85
2010 1 956 8.06% 0.70
2011 0 -- 0.00% 0.00
2012 0 -- 0.00% 0.00
2013 1 810 6.83% 0.65
After 2013 0 -- 0.00% 0.00
---------------------------------------------
TOTAL 25 $11,855 100.00% 4.20
=============================================
12) CONSTRUCTION IN PROGRESS - AS OF SEPTEMBER 30, 2002
Investment Remaining Total
Operator Properties Balance Commitment Real Estate(1)
------------------------------- -----------------------------------------------------------
Conemaugh Health Systems 1 2,902 -- 2,902
Expansion of existing property 1 7,009 428 7,437
-----------------------------------------------------
TOTAL 2 $9,911 $428 $10,339
=====================================================
Percentage of construction in progress to total investment portfolio: 0.63%
=======
(1) Projected Timing of Conversion to Revenue Producing Assets:
2002 2003
----- -------------------------------------------------------
QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 Total
----- ------------------------------------------------------- -------
$0 $0 $10,339 $0 $0 $10,339
===== ======================================================= =======
(2) During the three and nine months ending September 30, 2002,
the Company capitalized interest in the amount of $257,821.22
and $897,370.87, respectively.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 8 OF 13
13) LONG-TERM DEBT INFORMATION - AS OF SEPTEMBER 30, 2002
A) BREAKDOWN BETWEEN FIXED AND VARIABLE RATE DEBT:
Balance Effective Rate
--------- -------------------------
Fixed Rate Debt:
Senior Notes due 2006 $ 70,000 9.49%
Senior Notes due 2011, net 315,163 8.202% See Note (C)
Mortgage Notes Payable 73,186 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 3,500 7.53%
-----------
461,849
-----------
Variable Rate Debt:
Unsecured Credit Facility due 2004 73,000 1.15% over LIBOR See Note (E)
-----------
73,000
-----------
TOTAL $534,849
===========
B) FUTURE MATURITIES:
2007
2002 2003 2004 2005 2006 and After Total
---------------------------------------------------------------------------------------
Fixed Rate Debt:
Senior Notes due 2006 $ -- $ -- $ 20,300 $ 20,300 $ 29,400 $ -- $ 70,000
Senior Notes due 2011, net (21) (122) (132) (144) (142) 315,724 315,163
Mortgage Notes Payable 480 3,571 18,867 3,748 4,032 42,488 73,186
Other Note Payable -- 1,167 1,167 1,166 -- -- 3,500
Variable Rate Debt:
Unsecured Credit Facility
due 2004 -- -- 73,000 -- -- -- 73,000
---------------------------------------------------------------------------------------
$ 459 $ 4,616 $ 113,202 $ 25,070 $ 33,290 $358,212 $534,849
=======================================================================================
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 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 wholly 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, 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 2006 and 2011.
Standard & Poor's Investors Service has assigned a "BBB-" credit
rating to the Company's Senior Notes due 2006 and 2011.
Fitch Ratings has assigned a "BBB" credit rating to the Company's
Senior Notes due 2006 and 2011.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 9 OF 13
14) DIVIDEND HISTORY (DOLLARS NOT ROUNDED TO THOUSANDS)
A) COMMON STOCK
Increase
From Prior
Operating Period Payment Date Amount Quarter Annualized
-----------------------------------------------------------------------------------------------------------------
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
First Quarter 2002 June 6, 2002 0.595 0.005 2.38
Second Quarter 2002 Sept. 5, 2002 0.600 0.005 2.40
Third Quarter 2002 Dec. 5, 2002 0.605 0.005 2.42
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
February 16, 2002 - May 15, 2002 May 31, 2002 0.55469 0.0 2.22
May 16, 2002 - August 15, 2002 Aug. 30, 2002 0.55469 0.0 2.22
August 16, 2002- September 30, 2002 Sept. 30, 2002 0.18896 0.0 2.22
On September 30, 2002, the Company redeemed all of
the 3,000,000 shares of Preferred Stock then
outstanding, pursuant to the terms of issuance, at
the redemption price of $25.00 per share.
Healthcare Realty Trust Incorporated is authorized
to issue 50,000,000 shares of Preferred Stock.
C) INFORMATION REGARDING TAXABLE STATUS OF 2001 CASH
DISTRIBUTIONS
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
Note: While the taxability of 2002 dividends cannot be determined
until late January 2003, the Company is not aware of any activities
that would cause a substantial change in the taxability of the total
2002 dividend. Therefore, the taxability of the total 2002 dividend
should approximate the taxability of the dividends paid March 7, June
7, September 6, and December 6, 2001. However, the total 2002 cash
distribution per share for the 8.875% Series A Preferred Stock was
$1.29834 due to the redemption of these shares on September 30, 2002.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 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 NINE MONTHS
ENDED SEPT. 30, ENDED SEPT. 30,
------------------------- -------------------------
2002 2001 2002 2001
------------------------- -------------------------
TOTAL COMMON SHARES OUTSTANDING 41,968,351 40,765,435 41,968,351 40,765,435
========================= =========================
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 41,942,781 40,729,439 41,861,636 40,586,428
Actual Restricted Stock Shares (1,260,571) (838,185) (1,260,571) (838,185)
------------------------- -------------------------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 40,682,210 39,891,254 40,601,065 39,748,243
Restricted Shares - Treasury 730,923 506,341 748,176 544,116
Dilution for Convertible Debentures 0 0 0 0
Dilution for Employee Stock Purchase Plan 74,664 115,394 101,430 112,132
------------------------- -------------------------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 41,487,797 40,512,989 41,450,671 40,404,491
========================= =========================
NOTE: AS OF SEPTEMBER 30, 2002, HR HAD APPROXIMATELY 1,740
SHAREHOLDERS OF RECORD.
16) BENEFICIAL SECURITY OWNERSHIP BY MANAGEMENT AND DIRECTORS AS OF
SEPTEMBER 30, 2002
OFFICERS Owned Restricted (1) Reserved (2) Options Total
-------- -------------------------------------------------------------------------------
David R. Emery 144,800 (3) 588,680 225,000 0 958,480
Timothy G. Wallace 34,356 308,959 110,000 0 453,315
Roger O. West 4,656 310,735 110,000 0 425,391
Other Officers as a group 25,848 49,347 0 0 75,195
Directors as a group 44,112 2,850 0 0 46,962
-------------------------------------------------------------------------------
TOTAL 253,772 1,260,571 445,000 0 1,959,343
================================================================================
(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. 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.
17) INSTITUTIONAL HOLDINGS AS OF JUNE 30, 2002
A) Institutional Shares Held: 19,845,453 (Source: Form 13F Filings)
==============
B) Number of Institutions: 176
=============
C) Percentage of Common Shares Outstanding: 47.32%
=============
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 923,132
Total Common Shares Outstanding 41,968,351
-------------
Book Value Per Common Share $ 22.00
=============
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 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
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
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
Eric W. Fischer, Senior Vice President / Real Estate
Investments
Scott W. Holmes, Senior Vice President / Financial
Reporting
Fredrick M. Langreck, Senior Vice President / Treasurer
J. D. Carter Steele, Senior Vice President / Asset
Administration
John M. Bryant, Jr., Vice President/Assistant General
Counsel
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
Brince R. Wilford, 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)
Dan S. Wilford, President and Chief Executive Officer,
Memorial Hermann Healthcare System (Healthcare Provider
Executive)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT. 30, 2002 PAGE 12 OF 13
19) OTHER CORPORATE INFORMATION (CONT.)
F) PROFESSIONAL AFFILIATIONS:
INDEPENDENT PUBLIC AUDITORS
Ernst & Young LLP
Suntrust Center
424 Church Street, Suite 1100
Nashville, TN 37219
TRANSFER AGENT
EquiServe
P.O. Box 43010
Providence, RI 02940-3010
Phone: 781-575-3400
G) DIVIDEND REINVESTMENT PLAN:
Through the Company's transfer agent, 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. For information, write EquiServe,
Shareholder Services, P.O. Box 43010, Providence, RI
02940-3010, or call (781) 575-3400.
H) DIRECT DEPOSIT OF DIVIDENDS:
Direct deposit of dividends is offered as a convenience to
stockholders of record. For information, write EquiServe,
Shareholder Services, P.O. Box 43010, Providence, RI
02940-3010, or call (781) 575-3400.
I) 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
Legg Mason Wood Walker Inc. Jerry 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
J) PROJECTED DATES FOR 2002 DIVIDEND AND EARNINGS PRESS RELEASES:
DIVIDEND EARNINGS
-------- --------
First Quarter 2002 April 24, 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.
K) 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 arediscussed in a
10-K filed with the SEC by Healthcare Realty Trust Incorporated for the year
ended December 31, 2001. 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 SEPT. 30, 2002 PAGE 13 OF 13