EXHIBIT 99.3
Supplemental Data Report
Three Months Ended December 31, 2002
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of January 30, 2003
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1) - UNAUDITED
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
--------------------------- -----------------------------
2002 2001 2002 2001
---------- ------------ ------------ ------------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF
REAL ESTATE PROPERTIES $ 6,982 $ 19,936 $ 66,703 $ 78,677
CERTAIN DEBT-RELATED CHARGES (2) 0 0 0 607
ACCELERATED NON-CASH STOCK VESTING AND RELATED CHARGES (2) 11,824 0 11,824 0
ELIMINATION OF THE RECOGNITION OF RENTAL REVENUES
ON A STRAIGHT LINE BASIS (2) (895) (1,268) (3,143) (5,748)
PREFERRED STOCK DIVIDEND (2) 0 (1,664) (4,992) (6,656)
REAL ESTATE DEPRECIATION 9,907 10,093 40,317 40,042
---------- ------------ ------------ ------------
TOTAL ADJUSTMENTS 20,836 7,161 44,006 28,245
---------- ------------ ------------ ------------
FUNDS FROM OPERATIONS - BASIC $ 27,818 $ 27,097 $ 110,709 $ 106,922
========== ============ ============ ============
CONVERTIBLE SUBORDINATED DEBENTURE INTEREST 0 0 0 0
========== ============ ============ ============
FUNDS FROM OPERATIONS - DILUTED $ 27,818 $ 27,097 $ 110,709 $ 106,922
========== ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.68 $ 0.68 $ 2.70 $ 2.68
========== ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.67 $ 0.67 $ 2.66 $ 2.64
========== ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 41,147,227 40,112,222 40,974,532 39,840,285
========== ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,747,036 40,693,569 41,606,068 40,463,158
========== ============ ============ ============
(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 2001, the Company excluded certain
debt-related charges in computing FFO although NAREIT's definition of
funds from operations requires its inclusion. In 2002, the Company
included only nine months of preferred stock dividends in computing
FFO although an additional amount was paid upon redemption of the
preferred stock on September 30, 2002. Also, in 2002, the Company
excluded a one-time charge in the fourth quarter of $11.8 million
which is comprised of the accelerated non-cash stock amortization
relating to the retirement of an executive officer as well as
severance-related, project and other costs associated with the
elimination of other officer and employee positions.
- -------------------------------------------------------------------------------
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 AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 1 OF 13
2) CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
DEC. 31, 2002 DEC. 31, 2001
------------ ------------
Real estate properties (2):
Land $ 135,791 $ 149,522
Buildings and improvements 1,332,872 1,348,031
Personal property 5,730 5,405
Construction in progress 10,546 18,255
----------- -----------
1,484,939 1,521,213
Less accumulated depreciation (192,293) (159,982)
----------- -----------
Total real estate properties, net 1,292,646 1,361,231
Cash and cash equivalents 402 2,930
Mortgage notes receivable 102,792 122,074
Other assets, net 93,706 69,246
----------- -----------
Total assets $ 1,489,546 $ 1,555,481
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 545,063 $ 505,222
Accounts payable and accrued liabilities 24,960 12,203
Other liabilities 11,324 25,969
----------- -----------
Total liabilities 581,347 543,394
----------- -----------
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-- 41,823,564; 2001-- 41,465,919 418 414
Additional paid-in capital 1,024,467 1,089,127
Deferred compensation (16,251) (12,852)
Cumulative net income 445,152 375,061
Cumulative dividends (545,587) (439,693)
----------- -----------
Total stockholders' equity 908,199 1,012,087
----------- -----------
Total liabilities and stockholders' equity $ 1,489,546 $ 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 34.5 years. (see
schedule 5)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 2 OF 13
3) CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
---------------------------- ----------------------------
2002 2001 2002 2001
----------- ----------- ----------- -----------
(Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 23,212 $ 24,909 $ 98,067 $ 99,962
Property operating income 18,963 17,928 76,590 67,750
Straight line rent 895 1,268 3,143 5,749
Mortgage interest income 2,694 3,540 13,308 17,254
Management fees 240 414 1,090 1,533
Interest and other income 742 938 2,329 2,290
----------- ----------- ----------- -----------
46,746 48,997 194,527 194,538
----------- ----------- ----------- -----------
EXPENSES
General and administrative 13,854 2,544 22,228 10,110
Property operating expenses 7,454 7,365 29,803 26,515
Interest 8,229 8,751 34,195 38,110
Depreciation 10,201 10,327 41,467 40,823
Amortization 26 74 131 303
----------- ----------- ----------- -----------
39,764 29,061 127,824 115,861
----------- ----------- ----------- -----------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF
REAL ESTATE PROPERTIES 6,982 19,936 66,703 78,677
Net gain (loss) on sale of real estate properties 515 211 3,388 1,210
----------- ----------- ----------- -----------
NET INCOME $ 7,497 $ 20,147 $ 70,091 $ 79,887
=========== =========== =========== ===========
NET INCOME PER COMMON SHARE - BASIC $ 0.18 $ 0.46 $ 1.57 $ 1.84
=========== =========== =========== ===========
NET INCOME PER COMMON SHARE - DILUTED $ 0.18 $ 0.45 $ 1.55 $ 1.81
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - BASIC 41,147,227 40,112,222 40,974,532 39,840,285
=========== =========== =========== ===========
COMMON SHARES OUTSTANDING - DILUTED 41,747,036 40,693,569 41,606,068 40,463,158
=========== =========== =========== ===========
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 TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
----------------------- -----------------------
2002 2001 2002 2001
-------- -------- -------- --------
NET INCOME $ 7,497 $ 20,147 $ 70,091 $ 79,887
DEPRECIATION AND AMORTIZATION (1) 10,227 10,401 41,598 41,126
DEPRECIATION AND AMORTIZATION (2) (9,009) (8,407) (33,796) (33,625)
GAIN OR LOSS ON DISPOSITION OF DEPRECIABLE ASSETS 1,743 652 13,394 767
STRAIGHT LINE RENT (1,018) (1,268) (3,143) (5,748)
OTHER 9,607 201 11,551 801
-------- -------- -------- --------
11,550 1,579 29,604 3,321
-------- -------- -------- --------
TAXABLE INCOME (3) $ 19,047 $ 21,726 $ 99,695 $ 83,208
======== ======== ======== ========
(1) Per Statement of Income
(2) Tax basis
(3) Before REIT dividend paid deduction
NOTE: The differences between financial statement net income and REIT
taxable income 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 AND TWELVE MONTHS ENDED DEC. 31, 2002 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 12/31/02 PROPERTIES 12/31/02
---------- ------------- ---------- --------------
Balance at beginning of period 2 $ 9,911 4 $ 18,255
Fundings on projects in existence at
the beginning of the period 0 93 0 6,124
New Projects started during the period (1) 1 542 1 542
Completions 0 0 (2) (14,375)
--- ------- ---- --------
Balance at end of period 3 $10,546 3 $ 10,546
=== ======= ==== ========
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/02 PROPERTIES 12/31/02
---------- ------------ ---------- --------------
Balance at beginning of period 196 $ 1,462,630 205 $ 1,502,958
Acquisitions (1) 1 19,118 1 19,118
Additions/Improvements 0 8,644 0 23,404
Completions (CIP) 0 0 2 14,375
Sales (1) (2) (15,999) (13) (85,462)
---- ----------- ---- -----------
Balance at end of period 195 $ 1,474,393 195 $ 1,474,393
==== =========== ==== ===========
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/02 PROPERTIES 12/31/02
---------- ------------- ---------- --------------
Balance at beginning of period 25 $ 107,940 36 $ 122,074
Funding of Mortgages 0 57 0 3,978
Repayments (1) (2) (4,822) (13) (21,592)
Purchase Price Adjustment Amortization 0 (159) 0 (636)
Scheduled Principal Payments 0 (224) 0 (1,032)
--- --------- --- ---------
Balance at end of period 23 $ 102,792 23 $ 102,792
=== ========= === =========
(1) During the fourth quarter of 2002, the Company began construction of a
$10.9 million medical office building in Collierville, TN; acquired a medical
office building in Houston, TX for $19.1 million; sold an ancillary hospital
facility in Atlanta, GA and an assisted living facility in St. Petersburg, FL
for net proceeds totaling $16.0 million. Also, mortgage notes receivable on two
assisted living facilities, one in Albuquerque, NM and one in Newhall, CA were
repaid totaling $4.8 million in net proceeds.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 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- %
Facilities Clinics Centers Buildings ties(1) ties ties ties ties(2) Total Total
-----------------------------------------------------------------------------------------------------------------
OPERATING
PROPERTIES
1 Arizona 3,612 13,482 17,094 1.08%
2 California 47,801 29,712 77,513 4.88%
3 Florida 30,795 10,311 55,168 8,475 104,749 6.60%
4 Georgia 6,874 6,874 0.43%
5 Kansas 10,993 10,993 0.69%
6 Mississippi 6,491 4,290 10,781 0.68%
7 Missouri 5,617 12,081 17,698 1.11%
8 Nevada 44,858 44,858 2.83%
9 Pennsylvania 14,362 4,960 2,904 22,226 1.40%
10 Tennessee 55,203 8,726 11,547 75,476 4.75%
11 Texas 25,030 27,860 52,890 3.33%
12 Virginia 29,109 3,289 12,473 44,871 2.83%
13 Wyoming 19,456 19,456 1.23%
----------------------------------------------------------------------------------------------------------------
TOTAL OPER.
PROPERTIES 294,584 32,903 110,443 60,355 4,290 0 0 0 2,904 505,479 31.84%
----------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY
NOI GROWTH: 2.5% 118.3% 6.2% 9.9% 0.0% 0.0% 6.4%
- ------------------------------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama 43,917 11,488 4,370 17,722 77,497 4.88%
2 Arizona 5,274 2,874 8,148 0.51%
3 Arkansas 3,055 3,055 0.19%
4 California 29,291 8,363 1,046 12,688 51,388 3.24%
5 Colorado 4,967 21,441 26,408 1.66%
6 Connecticut 12,189 12,189 0.77%
7 Florida 39,799 45,858 3,271 1,448 9,555 21,869 10,206 11,703 143,709 9.05%
8 Georgia 5,427 1,595 10,078 17,100 1.08%
9 Illinois 11,939 1,486 13,425 0.85%
10 Indiana 3,640 3,640 0.23%
11 Kansas 7,593 7,593 0.48%
12 Massachusetts 19,839 19,839 1.25%
13 Michigan 12,715 13,859 26,574 1.67%
14 Mississippi 3,474 3,474 0.22%
15 Missouri 16,370 4,570 6,250 11,139 38,329 2.41%
16 Nevada 7,034 3,801 10,835 0.68%
17 New Jersey 19,047 19,047 1.20%
18 North Carolina 3,904 3,904 0.25%
19 Ohio 4,490 4,490 0.28%
20 Oklahoma 13,341 13,341 0.84%
21 Pennsylvania 31,070 21,075 113,867 166,012 10.46%
22 Tennessee 3,139 2,611 7,492 8,335 21,577 1.36%
23 Texas 39,695 17,314 22,222 1,976 72,574 19,466 13,203 6,023 192,473 12.12%
24 Virginia 22,994 1,941 2,166 17,397 37,218 81,716 5.15%
25 Wyoming 6,990 6,990 0.44%
----------------------------------------------------------------------------------------------------------------
TOTAL MASTER
LEASES 191,143 111,351 41,863 5,365 38,762 226,161 169,043 156,495 32,570 972,753 61.27%
----------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY 0.5% 3.7% -0.3% 2.9% 4.3% 2.4% 0.9% 1.9% 1.5% 1.8%
NOI GROWTH:
- ------------------------------------------------------------------------------------------------------------------------------------
Corporate
Property 6,707 0.42%
----------------------------------------------------------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $485,727 $144,254 $152,306 $65,720 $43,052 $226,161 $169,043 $156,495 $35,474 $1,484,939 93.53%
================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
Wtd Avg
Depreciable
Life (yrs) 36.3 33.4 33.1 34.8 35.4 32.3 35.2 34.8 34.6 34.5
Wtd Avg Period
Held (yrs): 5.9 5.2 5.0 5.9 5.8 3.7 5.9 4.2 5.6 5.2
- ------------------------------------------------------------------------------------------------------------------------------------
MORTGAGES
1 Arizona 6,026 17,078 23,104 1.46%
2 California 12,653 7,687 20,340 1.28%
3 Florida 9,398 11,708 21,106 1.33%
4 Georgia 1,115 1,115 0.07%
5 Idaho 4,756 4,756 0.30%
6 Michigan 10,814 10,814 0.68%
7 Ohio 1,560 585 2,145 0.14%
8 Oregon 2,817 2,817 0.18%
9 South Carolina 2,975 2,975 0.19%
10 Tennessee 736 11,688 12,424 0.78%
11 Texas 581 615 1,196 0.08%
----------------------------------------------------------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ 9,979 $ -- $ -- $ -- $ 44,961 $ 23,087 $ -- $24,765 $ 102,792 6.47%
================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY
NOI GROWTH: -5.8% 5.3% 4.1% 1.3% 4.2%
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS $485,727 $154,233 $152,306 $65,720 $43,052 $271,122 $192,130 $156,495 $60,239 $1,587,731 100.00%
================================================================================================================
PERCENT OF
$ INVESTED 30.722% 9.755% 9.633% 4.157% 2.723% 17.149% 12.152% 9.898% 3.810% 100.00%
================================================================================================================
NUMBER OF
PROPERTIES 54 29 13 12 12 50 36 9 6 221
================================================================================================================
NUMBER OF BEDS 4,500 3,667 759 488 9,414
==========================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 5 OF 13
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 27 276,322 27 276,322 276,322 17.29%
2 HCA - The Healthcare Company 26 219,260 26 219,260 428 219,688 13.74%
3 Tenet 12 100,367 1 7,687 13 108,054 108,054 6.76%
4 Baptist Memorial Hospital 5 50,898 5 50,898 50,898 3.18%
5 Integrated Health 3 37,133 3 37,133 10,378 47,511 2.97%
6 Methodist 4 26,485 4 26,485 26,485 1.66%
7 Triad 4 24,694 4 24,694 24,694 1.55%
8 MedCath 1 3,612 1 17,078 2 20,690 20,690 1.29%
9 Ramsay 2 19,881 2 19,881 19,881 1.24%
10 United Medical Center 1 19,456 1 19,456 19,456 1.22%
11 Ephrata Community Hospital 3 19,322 3 19,322 19,322 1.21%
12 KS Management Services 1 17,314 1 17,314 17,314 1.08%
13-24 12 Operators With Less
than 1% Each 14 92,979 1 7,638 15 100,617 -- 100,617 6.29%
-------------------------------------------------------------------------------------------------
106 920,822 3 32,403 109 953,225 10,806 964,031 60.31%
-------------------------------------------------------------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
- ----------------------------------
25 Life Care Centers 12 82,998 2 9,283 14 92,281 92,281 5.77%
26 Balanced Care 14 64,985 14 64,985 64,985 4.07%
27 Summerville 5 53,105 5 53,105 53,105 3.32%
28 Lewis-Gale Clinic, LLC 8 44,871 8 44,871 44,871 2.81%
29 Senior Lifestyles 4 43,680 4 43,680 43,680 2.73%
30 HRT Multi-tenant 4 39,207 4 39,207 39,207 2.45%
31 Kerlan Jobe Orthopedic 1 29,712 1 29,712 29,712 1.86%
32 Emeritus 4 28,895 4 28,895 28,895 1.81%
33 Melbourne Internal Medicine 4 28,554 4 28,554 28,554 1.79%
34 Centennial 6 16,355 1 9,242 7 25,597 25,597 1.60%
35 Wellington 5 19,389 5 19,389 19,389 1.21%
36-60 25 Operators With Less
than 1% Each 30 125,048 17 51,864 47 176,912 -- 176,912 11.07%
-------------------------------------------------------------------------------------------------
92 557,410 20 70,389 112 627,799 -- 627,799 39.27%
-------------------------------------------------------------------------------------------------
Corporate Property 6,707 6,707 6,707 0.42%
-------------------------------------------------------------------------------------------------
198 $1,484,939 23 $102,792 221 $1,587,731 $10,806 $1,598,537 100.00%
=================================================================================================
(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 Alabama 10 10 507,530 507,530 3.96%
2 Arizona 4 4 8 74,507 75,621 142,487 292,615 2.28%
3 Arkansas 1 1 11,963 11,963 0.09%
4 California 12 1 3 16 256,144 367,016 29,504 402,786 1,055,450 8.23%
5 Colorado 3 3 225,764 225,764 1.76%
6 Connecticut 1 20 21 59,387 242,704 302,091 2.35%
7 Florida 33 75 3 111 771,896 34,716 581,997 1,479,633 172,060 3,040,302 23.70%
8 Georgia 6 1 7 138,599 58,123 40,000 236,722 1.84%
9 Idaho 1 1 29,118 29,118 0.23%
10 Illinois 2 2 115,100 115,100 0.90%
11 Indiana 1 1 29,500 29,500 0.23%
12 Kansas 2 2 57,035 70,627 127,662 0.99%
13 Massachusetts 3 3 141,027 141,027 1.10%
14 Michigan 6 2 8 235,227 129,408 364,635 2.84%
15 Mississippi 3 3 6 25,000 97,471 78,091 200,562 1.56%
16 Missouri 10 10 201,167 114,195 315,362 2.46%
17 Nevada 3 3 43,579 196,538 240,117 1.87%
18 New Jersey 2 2 110,844 110,844 0.86%
19 North Carolina 1 1 33,181 33,181 0.26%
20 Ohio 1 2 3 33,181 124,411 157,592 1.23%
21 Oklahoma 5 5 139,216 139,216 1.09%
22 Oregon 1 1 80,429 80,429 0.63%
23 Pennsylvania 20 20 722,053 116,501 838,554 6.54%
24 South Carolina 1 1 23,000 23,000 0.18%
25 Tennessee 16 5 3 24 161,366 60,000 499,238 291,244 184,191 1,196,039 9.32%
26 Texas 27 2 29 1,097,527 544,223 66,665 1,708,415 13.32%
27 Virginia 24 1 25 527,705 461,904 111,998 1,101,607 8.59%
28 Wyoming 2 2 29,851 176,427 206,278 1.61%
---------------------------------------------------------------------------------------------------------------
TOTAL SQUARE
FEET 5,748,349 94,716 3,359,881 2,233,174 1,394,555 12,830,675 100.00%
==============================================================================
TOTAL
PROPERTIES 198 105 23 326
================================
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 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 1,978,595 3,142,299 24.49%
Medical Office Buildings 42,932 60,000 508,056 2,233,174 2,844,162 22.17%
Assisted Living Facilities 1,418,210 884,052 2,302,262 17.94%
Skilled Nursing Facilities 1,186,751 306,010 1,492,761 11.63%
Physician's Clinics 707,733 168,969 105,915 982,617 7.66%
Comprehensive Ambulatory Care Centers 115,857 34,716 667,310 817,883 6.37%
Inpatient Rehab Hospitals 643,383 643,383 5.01%
Other Outpatient Facilities 253,438 36,951 290,389 2.26%
Other Inpatient Facilities 216,341 98,578 314,919 2.45%
------------------------------------ ---------------------------------------------
TOTAL SQUARE FEET 5,748,349 94,716 3,359,881 2,233,174 1,394,555 12,830,675 100.00%
==================================== =============================================
PERCENT OF TOTAL SQUARE FOOTAGE 44.80% 0.74% 26.19% 17.40% 10.87% 100.00%
==================================== ====================================
TOTAL NUMBER OF PROPERTIES 140 3 55 105 23 326
==================================== ====================================
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 34,716 688,163 1,421,810 2,766,909 21.56%
2 Healthsouth 1,124,390 147,639 1,272,029 9.91%
3 Tenet Healthcare Corporation 258,485 344,198 61,227 89,000 752,910 5.87%
4 Baptist Memorial Hospital 60,000 365,785 369,335 795,120 6.20%
5 Brookdale Communities 263,786 263,786 2.06%
6 Stamford Health Systems 242,704 242,704 1.89%
7 Methodist 221,375 221,375 1.73%
8 United Medical Center 176,427 176,427 1.38%
9 Integrated Health 153,660 153,660 1.20%
10 Ramsay 153,341 153,341 1.20%
11 Labcorp of America 129,294 129,294 1.01%
12 Triad 129,442 129,442 1.01%
13-27 15 Operators with Square Feet Less Than 1% 423,583 -- 366,529 -- 9,578 799,690 6.23%
--------------------------------- --------------------------------------------
TOTAL 2,994,415 94,716 2,426,617 2,095,076 362,364 7,973,188 62.14%
--------------------------------- --------------------------------------------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
28 Life Care Centers of America 620,527 131,813 752,340 5.86%
29 Lewis-Gale Clinic, LLC 461,904 461,904 3.60%
30 Balanced Care 400,370 400,370 3.12%
31 Senior Lifestyles 308,742 308,742 2.41%
32 Summerville 292,231 292,231 2.28%
33 Centennial Healthcare 151,172 80,000 231,172 1.80%
34 HRT Multi-tenant 210,511 210,511 1.64%
35 Emeritus 209,747 209,747 1.63%
36 Hearthstone 149,559 149,559 1.17%
37 Melbourne Internal Medicine 140,125 140,125 1.09%
38 HSI 139,216 139,216 1.09%
39 Wellington 130,790 130,790 1.02%
40 Prestige Care 129,618 129,618 1.01%
41-63 23 Operators with Square Feet Less Than 1% 361,014 -- 260,849 138,098 670,819 1,430,780 11.15%
--------------------------------- --------------------------------------------
TOTAL 2,753,934 -- 933,264 138,098 1,032,191 4,857,487 37.86%
--------------------------------- --------------------------------------------
TOTAL SQUARE FEET 5,748,349 94,716 3,359,881 2,233,174 1,394,555 12,830,675 100.00%
================================= ============================================
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue
For the Three % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 12/31/02 Total Revenue
---------------------------------------------------------------
0% to 24.9% 0 0 0.0%
25% to 49.9% 1 93 0.2%
50% to 69.9% 2 225 0.5%
70% to 84.9% 16 1,890 4.0%
85% to 100.0% 31 4,471 9.6%
-------------------------------------
50 $6,679 14.3%
=====================================
NOTE: Occupancy rates are generally as of September 30, 2002 and revenues are
for the three months ended December 31, 2002.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 7 OF 13
11) LEASE/MORTGAGE MATURITY SCHEDULE
A) LEASES
Weighted
Number of Average
Operating Estimated Percent of Remaining
Number of Property Annualized Annualized Lease
Master Leases Leases Net Revenue Net Revenue Term (Years)
-------------------------------------------------------------------------
2003 6 54 6,801 4.57% 0.03
2004 11 37 10,402 6.98% 0.10
2005 3 77 6,954 4.67% 0.11
2006 3 63 6,659 4.47% 0.14
2007 10 29 7,233 4.86% 0.23
2008 20 20 19,696 13.22% 0.72
2009 24 9 23,312 15.65% 1.07
2010 9 7 6,255 4.20% 0.37
2011 10 8 15,068 10.12% 0.84
2012 18 4 14,391 9.66% 1.04
2013 15 2 18,698 12.55% 1.14
2014 1 6 1,865 1.25% 0.08
2015 5 0 2,307 1.55% 0.04
After 2015 5 8 9,314 6.25% 1.32
------------------------------------------------------------------
TOTAL 140 324 $148,955 100.00% 7.23
==================================================================
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)
--------------------------------------------------------
2003 7 2,185 19.05% 0.01
2004 4 2,044 17.83% 0.33
2005 3 771 6.72% 0.24
2006 1 512 4.46% 0.18
2007 1 1,073 9.36% 0.37
2008 3 1,750 15.26% 0.82
2009 2 1,460 12.73% 0.86
2010 1 714 6.23% 0.71
2011 0 - 0.00% 0.00
2012 0 - 0.00% 0.00
2013 1 958 8.35% 0.66
2014 0 - 0.00% 0.00
After 2014 0 - 0.00% 0.00
--------------------------------------------------------
TOTAL 23 $11,467 100.00% 4.18
========================================================
12) CONSTRUCTION IN PROGRESS - AS OF DECEMBER 31, 2002
Investment Remaining Total
Operator Properties Balance Commitment Real Estate(1)
----------------------------- ---------------------------------------------------------------
Baptist Collierville 1 542 10,378 10,920
Conemaugh Health Systems 1 2,904 - 2,904
Expansion of existing property 1 7,100 428 7,528
-----------------------------------------------------------
TOTAL 3 $ 10,546 $ 10,806 $21,352
===========================================================
Percentage of construction in progress to total investment portfolio: 0.66%
=======
(1) Projected Timing of Conversion to Revenue Producing Assets:
2003 2004
------------------------------------------------------ --------------------------
QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 Total
------------------------------------------------------ --------------------------------------
$0 $10,432 $0 $0 $0 $10,920 $21,352
====================================================== =======================================
(2) During the three and twelve months ending December 31, 2002, the
Company capitalized interest in the amount of $499,842.37 and
$1,397,213.24, respectively.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 8 OF 13
13) LONG-TERM DEBT INFORMATION - AS OF DECEMBER 31, 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 315,225 8.202% See Note (C)
Mortgage Notes Payable 72,338 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 3,500 7.53%
----------
461,063
----------
Variable Rate Debt:
Unsecured Credit Facility due 2004 84,000 1.15% over LIBOR See Note (E)
----------
84,000
----------
TOTAL $ 545,063
==========
B) FUTURE MATURITIES:
2008
2003 2004 2005 2006 2007 and After Total
------------------------------------------------------------------------------------
Fixed Rate Debt:
Senior Notes due 2006 $ -- $ 20,300 $ 20,300 $ 29,400 $ -- $ -- $ 70,000
Senior Notes due 2011, net (114) (132) (144) (142) (142) 315,899 315,225
Mortgage Notes Payable 3,543 18,832 3,748 4,037 4,348 37,830 72,338
Other Note Payable 1,167 1,166 1,167 -- -- -- 3,500
Variable Rate Debt:
Unsecured Credit Facility due 2004 -- 84,000 -- -- -- -- 84,000
------------------------------------------------------------------------------------
$ 4,596 $ 124,166 $ 25,071 $ 33,295 $ 4,206 $353,729 $545,063
====================================================================================
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 AND TWELVE MONTHS ENDED DEC. 31, 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 Mar. 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 Mar. 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
Fourth Quarter 2002 Mar. 6, 2003 0.610 0.005 2.44
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 2002 CASH
DISTRIBUTIONS
Cash Taxable Total
Distribution Ordinary Return of Capital
Per Share Dividend Capital Gain
----------------------------------------------------------------
HR COMMON $ 2.390000 $ 1.996949 $ 0.054659 $ 0.338392
CUSIP # 421946104
HR 8.875% SERIES A PREFERRED $ 1.853030 $ 1.597600 $ - $ 0.255430
CUSIP # 421946203
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 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 TWELVE MONTHS
ENDED DEC. 31, ENDED DEC. 31,
----------------------------- -----------------------------
2002 2001 2002 2001
----------------------------- -----------------------------
TOTAL COMMON SHARES OUTSTANDING 41,823,564 41,465,919 41,823,564 41,465,919
============================= =============================
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 42,092,529 40,950,006 41,919,834 40,678,069
Actual Restricted Stock Shares (945,302) (837,784) (945,302) (837,784)
----------------------------- -----------------------------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 41,147,227 40,112,222 40,974,532 39,840,285
Restricted Shares - Treasury 537,197 469,189 539,516 508,737
Dilution for Convertible Debentures 0 0 0 0
Dilution for Employee Stock Purchase Plan 62,612 112,158 92,020 114,136
----------------------------- -----------------------------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 41,747,036 40,693,569 41,606,068 40,463,158
============================= =============================
Note 1: As of December 31, 2002, HR had approximately 1,756
shareholders of record.
Note 2: Common shares outstanding for 2003 will decrease by 308,959
shares due to the redemption of restricted shares following the retirement of
Mr. Wallace, the Chief Financial Officer.
16) BENEFICIAL SECURITY OWNERSHIP BY MANAGEMENT AND DIRECTORS AS OF
DECEMBER 31, 2002
OFFICERS Owned Restricted(1) Reserved(2) Options Total
-------------------------------------------------------------------------------------------------------------------
David R. Emery 144,800(3) 588,680 225,000 0 958,480
Roger O. West 4,656 310,735 110,000 0 425,391
Scott W. Holmes 1,418 2,900 0 0 4,318
J.D. Carter Steele 3,594 2,822 0 0 6,416
Other Officers as a group 17,516 34,319 0 0 51,835
Directors as a group 44,112 2,850 0 0 46,962
------------------------------------------------------------------
TOTAL 216,096 942,306 335,000 0 1,493,402
==================================================================
(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. 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 SEPTEMBER 30, 2002
A) Institutional Shares Held: 20,132,828 (Source: Form 13F Filings)
===========
B) Number of Institutions: 172
===========
C) Percentage of Common Shares Outstanding: 47.97%
===========
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 908,199
Total Common Shares Outstanding 41,823,564
-----------
Book Value Per Common Share $ 21.72
===========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 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
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
Roger O. West, Executive Vice President and General
Counsel
Scott W. Holmes, Senior Vice President and Chief
Financial Officer
J.D. Carter Steele, Senior Vice President and Chief
Operating Officer
Eric W. Fischer, Senior Vice President / Real Estate
Investments
Fredrick M. Langreck, Senior Vice President / Treasurer
John M. Bryant, Jr., Vice President/Assistant General
Counsel
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
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, retired President and Chief Executive
Officer, Memorial Hermann Healthcare System (Healthcare
Provider Executive)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC. 31, 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. David AuBuchon (314) 955-5452
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 2003 DIVIDEND AND EARNINGS PRESS
RELEASES:
DIVIDEND EARNINGS
---------------- ----------------
First Quarter 2003 April 22, 2003 April 25, 2003
Second Quarter 2003 July 22, 2003 July 25, 2003
Third Quarter 2003 October 28, 2003 October 31, 2003
Fourth Quarter 2003 January 27, 2004 January 30, 2004
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, the 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, 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 AND TWELVE MONTHS ENDED DEC. 31, 2002 PAGE 13 OF 13