EXHIBIT 99.3
[HEALTHCARE REALTY LOGO]
Supplemental Data Report
Three Months Ended June 30, 2003
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of July 24, 2003
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1) - UNAUDITED
FOR THE THREE MONTHS FOR THE SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
---------------------------- ----------------------------
2003 2002 2003 2002
----------- ------------ ----------- ------------
NET INCOME (2) $ 17,634 $ 22,255 $ 36,203 $ 42,103
NET (GAIN)/LOSS ON SALE OF REAL ESTATE PROPERTIES 208 (2,959) 208 (2,630)
PREFERRED STOCK DIVIDEND 0 (1,664) 0 (3,328)
REAL ESTATE DEPRECIATION 10,341 10,072 20,319 20,317
----------- ------------ ----------- ------------
TOTAL ADJUSTMENTS 10,549 5,449 20,527 14,359
----------- ------------ ----------- ------------
FUNDS FROM OPERATIONS - BASIC AND DILUTED $ 28,183 $ 27,704 $ 56,730 $ 56,462
=========== ============ =========== ============
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.69 $ 0.68 $ 1.39 $ 1.39
=========== ============ =========== ============
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.68 $ 0.67 $ 1.36 $ 1.36
=========== ============ =========== ============
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 40,905,717 40,652,146 40,864,745 40,561,412
=========== ============ =========== ============
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,635,351 41,512,283 41,610,718 41,456,693
=========== ============ =========== ============
(1) Funds From Operations ("FFO") and FFO per share are operating performance
measures adopted by the National Association of Real Estate Investment
Trusts, Inc. ("NAREIT"). Beginning with the first quarter of 2003, the
Company calculated and reported FFO and FFO per share in accordance with
NAREIT's April 2002 White Paper. NAREIT defines FFO as "The most commonly
accepted and reported measure of REIT operating performance equal to a
REIT's net income, excluding gains or losses from sales of property and
adding back real estate depreciation."
The Company considers FFO to be an informative measure of REIT performance
commonly used in the REIT industry. However, FFO does not represent cash
generated from operating activities determined in accordance with
accounting principles generally accepted in the United States ("GAAP") and
is not necessarily indicative of cash available to fund cash needs. FFO
should not be considered 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.
(2) Net income includes non-cash deferred compensation of $686 and $842,
respectively, for the three months ended June 30, 2003 and 2002, and $1.4
million and $1.5 million, respectively, for the six months ended June 30,
2003 and 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 JUNE 30, 2003 PAGE 1 OF 13
2) CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
JUNE 30, 2003 DEC. 31, 2002
------------- -------------
Real estate properties (2):
Land $ 141,916 $ 135,791
Buildings and improvements 1,368,642 1,332,872
Personal property 9,112 5,730
Construction in progress 6,677 10,546
----------- -----------
1,526,347 1,484,939
Less accumulated depreciation (212,487) (192,293)
----------- -----------
Total real estate properties, net 1,313,860 1,292,646
Cash and cash equivalents 4,267 402
Mortgage notes receivable 86,063 102,792
Other assets, net 77,689 93,706
----------- -----------
Total assets $ 1,481,879 $ 1,489,546
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 558,523 $ 545,063
Accounts payable and accrued liabilities 16,005 24,960
Other liabilities 12,127 11,324
----------- -----------
Total liabilities 586,655 581,347
----------- -----------
Commitments and contingencies 0 0
Stockholders' equity:
Preferred stock, $.01 par value; 50,000,000 shares authorized;
issued and outstanding, none 0 0
Common stock, $.01 par value; 150,000,000 shares authorized;
issued and outstanding, 2003 -- 42,041,430; 2002 -- 41,823,564 420 418
Additional paid-in capital 1,030,240 1,024,467
Deferred compensation (19,737) (16,251)
Cumulative net income 481,355 445,152
Cumulative dividends (597,054) (545,587)
----------- -----------
Total stockholders' equity 895,224 908,199
----------- -----------
Total liabilities and stockholders' equity $ 1,481,879 $ 1,489,546
=========== ===========
(1) The balance sheet at December 31, 2002 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 MONTHS ENDED JUNE 30, 2003 PAGE 2 OF 13
3) CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
----------------------------- -----------------------------
2003 2002 2003 2002
----------------------------- -----------------------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 23,521 $ 24,683 $ 46,427 $ 49,579
Property operating income 21,385 18,909 41,193 38,001
Straight line rent 606 50 1,271 1,231
Mortgage interest income 2,286 3,538 4,967 7,322
Interest and other income 762 1,130 2,342 1,830
----------------------------- -----------------------------
48,560 48,310 96,200 97,963
EXPENSES
General and administrative 2,865 2,726 5,534 5,234
Property operating expenses 8,640 7,399 16,304 14,862
Interest 8,565 8,499 17,010 17,438
Depreciation 10,635 10,357 20,914 20,880
Amortization 13 33 27 76
----------------------------- -----------------------------
30,718 29,014 59,789 58,490
----------------------------- -----------------------------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF
REAL ESTATE PROPERTIES 17,842 19,296 36,411 39,473
Net gain (loss) on sale of real estate properties (208) 2,959 (208) 2,630
----------------------------- -----------------------------
NET INCOME $ 17,634 $ 22,255 $ 36,203 $ 42,103
============================= =============================
NET INCOME PER COMMON SHARE - BASIC $ 0.43 $ 0.51 $ 0.89 $ 0.96
============================= =============================
NET INCOME PER COMMON SHARE - DILUTED $ 0.42 $ 0.50 $ 0.87 $ 0.94
============================= =============================
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 40,905,717 40,652,146 40,864,745 40,561,412
============================= =============================
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,635,351 41,512,283 41,610,718 41,456,693
============================= =============================
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 SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
---------------------- ----------------------
2003 2002 2003 2002
---------------------- ----------------------
NET INCOME $ 17,634 $ 22,255 $ 36,203 $ 42,103
DEPRECIATION AND AMORTIZATION (1) 10,648 10,390 20,941 20,956
DEPRECIATION AND AMORTIZATION (2) (8,949) (7,937) (17,546) (16,255)
GAIN OR LOSS ON DISPOSITION OF DEPRECIABLE ASSETS 29 573 31 1,157
STRAIGHT LINE RENT (606) (50) (1,271) (1,231)
OTHER (2,841) 429 (1,868) (1,074)
---------------------- ----------------------
(1,719) 3,405 287 3,553
---------------------- ----------------------
TAXABLE INCOME (3) $ 15,915 $ 25,660 $ 36,490 $ 45,656
====================== ======================
(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 MONTHS ENDED JUNE 30, 2003 PAGE 3 OF 13
4) INVESTMENT PROGRESSION
A) CONSTRUCTION IN PROGRESS
FOR THE THREE FOR THE SIX
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 06/30/03 PROPERTIES 06/30/03
---------------------------- ---------------------------
Balance at beginning of period 3 $ 11,315 3 $ 10,546
Fundings on projects in existence at
the beginning of the period 0 2,486 0 3,255
New Projects started during the period 1 3,029 1 3,029
Completions (2) (10,153) (2) (10,153)
---------------------------- ---------------------------
Balance at end of period 2 $ 6,677 2 $ 6,677
============================ ===========================
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE SIX
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 06/30/03 PROPERTIES 06/30/03
---------------------------- ---------------------------
Balance at beginning of period 198 $ 1,499,274 195 $ 1,474,393
Acquisitions (1) 2 9,197 5 31,773
Additions/Improvements 0 4,586 0 6,891
Completions (CIP) 2 10,153 2 10,153
Sales (1) (1) (3,540) (1) (3,540)
---------------------------- ---------------------------
Balance at end of period 201 $ 1,519,670 201 $ 1,519,670
============================ ===========================
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE SIX
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 06/30/03 PROPERTIES 06/30/03
---------------------------- ---------------------------
Balance at beginning of period 18 $ 90,425 23 $ 102,792
Funding of Mortgages (1) 2 22,527 2 22,527
Repayments (1) (5) (26,540) (10) (38,620)
Amortization 0 (151) 0 (250)
Scheduled Principal Payments 0 (198) 0 (386)
---------------------------- ---------------------------
Balance at end of period 15 $ 86,063 15 $ 86,063
============================ ===========================
(1) During the second quarter of 2003, the Company acquired two skilled
nursing facilities in Michigan totaling $9.1 million and sold an assisted living
facility in Tennessee for $3.8 million. Mortgage notes receivable were repaid on
two assisted living facilities in Ohio and California totaling $9.3 million, on
one acute care hospital in California for $7.6 million and on two skilled
nursing facilities in Michigan and Ohio totaling $ 9.7 million. Additionally,
two new mortgages were acquired on independent living facilities in Florida
totaling $22.5 million.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 PAGE 4 OF 13
5) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION
OUTPATIENT FACILITIES INPATIENT FACILITIES
-------------------------------------------------- ---------------------------------------------
Ancill- Comp. Other In- Indep- Other
ary Ambu- Out- Assisted Skilled patient endent In-
Hospital latory Medical patient Living Nursing Rehab Living patient
Facil- Physician Care Office Facili- Facili- Facili- Facili- Facili- Facili- % of
-ties Clinics Centers Buildings ties (1) ties ties ties ties ties (2) Total Total
-------------------------------------------------- ---------------------------------------------------------------
OPERATING
PROPERTIES
1 Arizona $ 3,612 $ 13,484 $ 17,096 1.06%
2 California 48,334 32,450 80,784 5.01%
3 Florida 30,986 $ 22,362 55,361 $ 8,488 117,197 7.27%
4 Georgia 6,972 6,972 0.43%
5 Kansas 10,992 10,992 0.68%
6 Louisiana 10,808 10,808 0.67%
7 Mississippi 6,972 4,380 11,352 0.70%
8 Missouri 5,620 12,432 18,052 1.12%
9 Nevada 45,195 45,195 2.80%
10 Pennsylvania 4,928 4,962 10,340 $ 2,888 23,118 1.43%
11 Tennessee 56,757 8,902 14,696 80,355 4.98%
12 Texas 28,077 27,872 55,949 3.47%
13 Virginia 29,740 3,291 12,459 45,490 2.82%
14 Wyoming 18,264 18,264 1.13%
-------------------------------------------------- ---------------------------------------------------------------
TOTAL OPER.
PROPERTIES 290,829 45,137 113,727 84,663 4,380 -- -- -- -- 2,888 541,624 33.59%
-------------------------------------------------- ---------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR OPERATING PROPERTIES: 3.0%
- ------------------------------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama $ 43,917 $ 11,488 $ 4,370 $17,722 $ 77,497 4.81%
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 3.19%
5 Colorado 4,967 21,441 26,408 1.64%
6 Connecticut 12,189 12,189 0.76%
7 Florida 39,821 45,858 $ 3,272 $ 1,448 9,555 21,869 10,206 11,703 143,732 8.91%
8 Georgia 5,427 1,595 10,079 17,101 1.06%
9 Illinois 11,939 1,486 13,425 0.83%
10 Indiana 3,640 3,640 0.23%
11 Kansas 7,593 7,593 0.47%
12 Massachusetts 19,838 19,838 1.23%
13 Michigan 21,912 21,912 1.36%
14 Mississippi 3,474 3,474 .22%
15 Missouri 16,370 4,570 6,250 11,139 13,859 52,188 3.24%
16 Nevada 7,034 3,801 10,835 0.67%
17 New Jersey 19,047 19,047 1.18%
18 North Carolina 3,982 3,982 0.25%
19 Ohio 4,612 4,612 0.29%
20 Oklahoma 13,341 13,341 0.83%
21 Pennsylvania 32,179 21,765 113,867 167,811 10.41%
22 Tennessee 3,139 2,611 3,874 8,335 17,959 1.11%
23 Texas 39,695 17,314 22,224 1,976 28,895 19,466 13,203 $43,680 6,023 192,476 11.94%
24 Virginia 22,994 1,941 2,166 17,675 37,218 81,994 5.09%
25 Wyoming 6,990 6,990 0.43%
-------------------------------------------------- ---------------------------------------------------------------
TOTAL MASTER
LEASES 191,165 111,350 41,866 5,365 38,762 180,452 178,930 156,495 43,680 32,570 980,635 60.82%
-------------------------------------------------- ---------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MASTER LEASES: 2.3%
- ------------------------------------------------------------------------------------------------------------------------------------
Corporate
Property 4,088 0.25%
-------------------------------------------------- ---------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $481,994 $ 156,487 $155,593 $ 90,028 $ 43,142 $180,452 $178,930 $156,495 $43,680 $ 35,458 $1,526,347 94.66%
================================================== ===============================================================
- ------------------------------------------------------------------------------------------------------------------------------------
Wtd Avg
Depreciable
Life (yrs): 36.3 33.2 33.5 34.8 35.4 32.2 35.1 34.8 31.6 34.6 34.5
Wtd Avg Period
Held (yrs): 6.4 5.7 5.6 5.4 6.3 4.1 6.0 4.7 4.9 6.1 5.6
- ------------------------------------------------------------------------------------------------------------------------------------
MORTGAGES
1 Arizona $ 4,661 $ 16,752 $ 21,413 1.33%
2 California 4,949 4,949 0.31%
3 Florida 11,494 $22,511 34,005 2.11%
4 Georgia 1,102 1,102 0.07%
5 Idaho 4,701 4,701 0.29%
6 Michigan $ 1,554 1,554 0.10%
7 Oregon 2,763 2,763 0.17%
8 South Carolina 2,921 2,921 0.18%
9 Tennessee 12,094 12,094 0.75%
10 Texas $ 561 561 0.03%
-------------------------------------------------- ---------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ 561 $ -- $ -- $ -- $ 32,591 $13,648 $ -- $22,511 $ 16,752 $ 86,063 5.34%
================================================== ===============================================================
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MORTGAGES: 1.6%
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS $481,994 $ 157,048 $155,593 $ 90,028 $ 43,142 $213,043 $192,578 $156,495 $66,191 $ 52,210 $1,612,410 100.00%
================================================== ===============================================================
PERCENT OF
$ INVESTED 29.969% 9.765% 9.674% 5.598% 2.682% 13.246% 11.974% 9.730% 4.116% 3.246% 100.00%
================================================== ===============================================================
NUMBER OF
PROPERTIES 57 29 13 12 12 39 36 9 6 5 218
================================================== ===============================================================
NUMBER OF
BEDS 2,951 3,720 759 1,193 374 8,997
===============================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 PAGE 5 OF 13
6) INVESTMENT BY OPERATOR/SIGNIFICANT TENANT
Number
of Number Total
Real (1) of Number
Estate Real Mortgage Mortgage of (1)
Proper- Estate Proper- Inves- Proper- Total Commit-
ties Investment ties tment ties Investment ments Total Percent
------------------------------------------------------------------------------------------
PUBLIC OR INVESTMENT GRADE OPERATORS/
SIGNIFICANT TENANTS
- -------------------------------------
1 Healthsouth 27 $276,676 27 $276,676 $276,676 16.81%
2 HCA 23 203,138 23 203,138 203,138 12.34%
3 Tenet Healthcare Corporation 12 101,003 12 101,003 101,003 6.14%
4 Emeritus Corporation 12 72,975 12 72,975 72,975 4.43%
5 Baptist Memorial Healthcare
Corporation 5 56,058 5 56,058 $ 7,259 63,317 3.85%
6 Integrated Health 3 37,133 3 37,133 37,133 2.26%
7 Baylor Health Systems 1 3,029 1 3,029 26,389 29,418 1.79%
8 Methodist Healthcare System 4 26,485 4 26,485 26,485 1.61%
9 Triad Hospitals, Inc. 4 22,934 4 22,934 22,934 1.39%
10 MedCath Corporation 1 3,612 1 $16,753 2 20,365 20,365 1.24%
11 Ephrata Community Hospital 3 20,231 3 20,231 20,231 1.23%
12 Psychiatric Solutions, Inc. 2 19,881 2 19,881 19,881 1.21%
13 United Medical Center 1 18,264 1 18,264 18,264 1.11%
14 KS Management Services 1 17,314 1 17,314 17,314 1.05%
15-27 13 Operators With Less than 1%
Each 21 119,573 0 -- 21 119,573 -- 119,573 7.26%
------------------------------------------------------------------------------------------
120 $998,306 1 $16,753 121 $1,015,059 $33,648 $1,048,707 63.72%
------------------------------------------------------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
- -----------------------------------
28 Life Care Centers of America 12 $82,998 2 $9,213 14 $92,211 $92,211 5.60%
29 HRT Multi-tenant 7 63,706 7 63,706 63,706 3.87%
30 Summerville Senior Living 5 53,105 5 53,105 53,105 3.23%
31 Lewis-Gale Clinic, LLC 8 45,491 8 45,491 45,491 2.76%
32 Senior Lifestyles 4 43,680 4 43,680 43,680 2.65%
33 Kerlan-Jobe Orthopaedic Clinic 1 32,450 1 32,450 32,450 1.97%
34 Melbourne Internal Medicine 4 28,554 4 28,554 28,554 1.74%
35 Generations Management
Services, LLC 6 23,184 6 23,184 23,184 1.41%
36 Aston Care Systems, Inc. 2 22,511 2 22,511 22,511 1.37%
37-60 24 Operators With Less than 1%
Each 36 150,785 10 37,586 46 188,371 -- 188,371 11.44%
------------------------------------------------------------------------------------------
83 $523,953 14 $69,310 97 $ 593,263 $ -- $ 593,263 36.03%
------------------------------------------------------------------------------------------
Corporate Property 4,088 4,088 4,088 0.25%
------------------------------------------------------------------------------------------
203 $1,526,347 15 $86,063 218 $1,612,410 $33,648 $1,646,058 100.00%
==========================================================================================
(1) Includes construction in progress.
7) SQUARE FEET OWNED AND/OR MANAGED BY GEOGRAPHIC LOCATION
Number of Properties Owned
----------------------------- ------------------------------- Third Party
Third Mort- Not Construction Property
Owned Party gages Total Managed In Progress Managed Management Mortgages Total Percent
----------------------------- ------------------------------------------------------------------------------
1 Alabama 10 10 507,530 507,530 3.92%
2 Arizona 4 2 6 74,507 75,621 60,078 210,206 1.62%
3 Arkansas 1 1 11,963 11,963 0.09%
4 California 12 1 1 14 256,144 385,133 29,504 50,000 720,781 5.57%
5 Colorado 3 3 225,764 225,764 1.74%
6 Connecticut 1 31 32 59,387 248,563 307,950 2.38%
7 Florida 34 68 4 106 771,896 711,501 1,154,680 942,807 3,580,884 27.67%
8 Georgia 6 1 7 129,850 58,030 40,000 227,880 1.76%
9 Idaho 0 1 1 -- 29,118 29,118 0.22%
10 Illinois 2 2 115,100 115,100 0.89%
11 Indiana 1 1 29,500 29,500 0.23%
12 Kansas 2 2 57,035 70,908 127,943 0.99%
13 Louisiana 2 2 119,532 119,532 0.92%
14 Massachusetts 3 3 141,027 141,027 1.09%
15 Michigan 8 1 9 315,227 49,408 364,635 2.82%
16 Mississippi 3 3 6 25,000 94,987 78,091 198,078 1.53%
17 Missouri 10 10 201,167 106,146 307,313 2.37%
18 Nevada 3 3 43,579 198,064 241,643 1.87%
19 New Jersey 2 2 110,844 110,844 0.86%
20 North Carolina 1 1 33,181 33,181 0.26%
21 Ohio 1 1 33,181 33,181 0.26%
22 Oklahoma 5 5 139,216 139,216 1.08%
23 Oregon 0 1 1 80,429 80,429 0.62%
24 Pennsylvania 20 20 722,053 90,694 812,747 6.28%
25 South Carolina 0 1 1 23,000 23,000 0.18%
26 Tennessee 15 5 2 22 133,471 60,000 501,568 291,244 142,191 1,128,474 8.72%
27 Texas 28 1 29 1,097,527 165,000 540,580 41,515 1,844,622 14.25%
28 Virginia 24 24 527,705 461,673 111,998 1,101,376 8.51%
29 Wyoming 2 1 3 29,851 139,647 169,498 1.31%
----------------------------- -------------------------------------------------------------------------------
TOTAL SQUARE FEET 5,791,705 225,000 3,554,084 1,914,080 1,458,546 12,943,415 100.00%
===============================================================================
TOTAL PROPERTIES 203 109 15 327
=============================
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 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 1,163,704 165,000 2,075,376 3,404,080 26.30%
Medical Office Buildings 42,932 60,000 503,621 1,884,576 2,491,129 19.25%
Assisted Living Facilities 1,081,573 380,707 1,462,280 11.30%
Skilled Nursing Facilities 1,266,751 191,599 1,458,350 11.27%
Independent Living Facilities 308,742 835,147 1,143,889 8.84%
Physician's Clinics 707,733 259,313 41,515 1,008,561 7.79%
Comprehensive Ambulatory Care Centers 115,857 678,823 794,680 6.14%
Inpatient Rehab Hospitals 643,383 643,383 4.97%
Other Outpatient Facilities 244,689 36,951 281,640 2.18%
Other Inpatient Facilities 216,341 29,504 9,578 255,423 1.97%
------------------------------------- -------------------------------------------------
TOTAL SQUARE FEET 5,791,705 225,000 3,554,084 1,914,080 1,458,546 12,943,415 100.00%
===================================== =================================================
PERCENT OF TOTAL SQUARE FOOTAGE 44.75% 1.74% 27.46% 14.79% 11.27% 100.00%
===================================== ======================================
TOTAL NUMBER OF PROPERTIES 141 2 60 109 15 327
===================================== ======================================
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 523,203 690,727 1,096,857 2,310,787 17.85%
2 Healthsouth 1,124,390 136,625 1,261,015 9.74%
3 Baptist Memorial Healthcare Corporation 60,000 365,584 369,335 794,919 6.14%
4 Tenet Healthcare Corporation 258,485 362,316 61,227 682,028 5.27%
5 Emeritus Corporation 502,119 502,119 3.88%
6 Stamford Health Systems 248,563 248,563 1.92%
7 Methodist Healthcare System 222,688 222,688 1.72%
8 Baylor Health Systems 165,000 165,000 1.27%
9 Integrated Health 153,660 153,660 1.19%
10 Psychiatric Solutions, Inc. 153,341 153,341 1.18%
11 Triad Hospitals, Inc. 146,971 146,971 1.14%
12 United Medical Center 139,647 139,647 1.08%
13 Labcorp of America 129,294 129,294 1.00%
14-28 15 Operators with Square Feet Less Than 1% 466,471 -- 484,459 -- 9,578 960,508 7.42%
--------------------------------- ----------------------------------------------
TOTAL 3,457,934 225,000 2,402,046 1,775,982 9,578 7,870,540 60.81%
--------------------------------- ----------------------------------------------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
29 Aston Care Systems, Inc 835,147 835,147 6.45%
30 Life Care Centers of America 620,527 131,813 752,340 5.81%
31 Lewis-Gale Clinic, LLC 461,673 461,673 3.57%
32 HRT Multi-tenant 26,000 385,562 411,562 3.18%
33 Senior Lifestyles 308,742 308,742 2.39%
34 Summerville Senior Living 292,231 292,231 2.26%
35 Centennial Healthcare Corporation 151,172 151,172 1.17%
36 Melbourne Internal Medicine 140,125 140,125 1.08%
37 HSI 139,216 139,216 1.08%
38 Prestige Care 129,618 129,618 1.00%
39-63 25 Operators with Square Feet Less Than 1% 655,758 -- 304,803 138,098 352,390 1,451,049 11.21%
--------------------------------- ----------------------------------------------
TOTAL 2,333,771 -- 1,152,038 138,098 1,448,968 5,072,875 39.19%
--------------------------------- ----------------------------------------------
TOTAL SQUARE FEET 5,791,705 225,000 3,554,084 1,914,080 1,458,546 12,943,415 100.00%
================================= ==============================================
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue
For the Three % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 06/30/03 Total Revenue
--------------------------------------------------------------------------
0% to 24.9% 0 $0 0.0%
25% to 49.9% 0 0 0.0%
50% to 69.9% 6 772 1.6%
70% to 84.9% 10 1,283 2.6%
85% to 100.0% 23 2,749 5.7%
------------------------------------------------
39 $4,804 9.9%
================================================
NOTE: Occupancy rates are generally as of March 31, 2003 and revenues are for
the three months ended June 30, 2003.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 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 7 30 $ 6,285 3.87% 0.01
2004 11 49 11,499 7.09% 0.07
2005 4 81 7,973 4.91% 0.08
2006 3 66 8,128 5.01% 0.15
2007 12 31 9,103 5.61% 0.26
2008 14 27 16,870 10.40% 0.55
2009 24 9 24,100 14.86% 1.00
2010 15 5 13,231 8.16% 0.70
2011 7 14 15,744 9.70% 0.54
2012 8 3 8,150 5.02% 0.43
2013 22 7 22,746 14.02% 1.39
2014 1 6 1,891 1.17% 0.08
2015 8 0 5,504 3.39% 0.43
After 2015 5 10 11,008 6.79% 1.38
----------------------------------------------------------------------------------
TOTAL 141 338 $162,232 100.00% 7.07
==================================================================================
NUMBER OF PROPERTIES REPRESENTED: 203
B) MORTGAGES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Mortgage
Mortgages Net Revenue Net Revenue Term (Years)
------------------------------------------------------
2003 4 $1,553 16.42% 0.01
2004 1 1,611 17.03% 0.25
2005 3 764 8.08% 0.22
2006 3 3,185 33.67% 1.07
2007 0 -- 0.00% 0.00
2008 2 848 8.96% 0.42
2009 1 540 5.71% 0.38
2010 0 -- 0.00% 0.00
2011 0 -- 0.00% 0.00
2012 0 -- 0.00% 0.00
2013 1 959 10.14% 0.73
2014 0 -- 0.00% 0.00
After 2014 0 -- 0.00% 0.00
----------------------------------------------------
TOTAL 15 $9,460 100.00% 3.08
====================================================
12) CONSTRUCTION IN PROGRESS - AS OF JUNE 30, 2003
Investment Remaining Total
Operator Properties Balance Commitment Real Estate (1)
------------------------------ -----------------------------------------------------------
Baptist Collierville 1 $3,648 $ 7,259 $10,907
Baylor Medical Center at Plano 1 3,029 26,389 29,418
--------------------------------------------------------
TOTAL 2 $6,677 $33,648 $40,325
========================================================
Percentage of construction in progress to total investment portfolio: 0.41%
========
(1) Projected Timing of Conversion to Revenue Producing Assets:
2003 2004 2005
------------------------------------------------------------------
QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 Total
-------------------------------------------------------------------------------
$0 $0 $10,907 $0 $0 $29,418 $40,325
===============================================================================
(2) During the three and six months ending June 30, 2003, the Company
capitalized interest in the amount of $226 and $387, respectively.
(3) Developments announced, but construction has not yet commenced:
Approximate Estimated Estimated
Project Commitment Start Completion
------- ------------------------------------------
Baylor/Irving 21,234 Q4-03 Q1-05
---------
TOTAL $21,234
=========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 PAGE 8 OF 13
13) LONG-TERM DEBT INFORMATION - AS OF JUNE 30, 2003
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 318,028 7.218% See Note (C)
Mortgage Notes Payable 70,578 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 2,917 7.53%
--------
461,523
--------
Variable Rate Debt: (See Note C)
Unsecured Credit Facility due 2004 97,000 1.15% over LIBOR See Note (E)
--------
97,000
--------
TOTAL $558,523
========
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 804 1,697 1,822 1,956 2,099 309,650 318,028
Mortgage Notes Payable 1,783 18,832 3,748 4,037 4,348 37,830 70,578
Other Note Payable 584 1,166 1,167 -- -- -- 2,917
Variable Rate Debt:
Unsecured Credit Facility due 2004 -- 97,000 -- -- -- -- 97,000
--------------------------------------------------------------------------
$3,171 $138,995 $27,037 $35,393 $6,447 $347,480 $558,523
==========================================================================
C) In May 2001, the Company sold at a discount $300 million principal
amount of unsecured 8.25% Senior Notes due May 2011. The notes were
priced to yield 8.202%. In June 2001, the Company entered into
interest rate swap agreements totaling $125 million to offset
changes in the fair value of $125 million of the notes. The Company
paid interest at the equivalent rate of 1.99% over six month LIBOR.
In March 2003, these interest rate swap agreements were terminated
and new swaps were entered into under terms identical to those of
the old swaps except that the equivalent rate is now 4.12% over six
month LIBOR. The Company received cash equal to the fair value of
the terminated swaps of $18.4 million. The fair value of the
terminated swaps are combined with the principal balance of the
senior notes on the balance sheet. The fair value gain of $18.4
million will be amortized against interest expense over the
remaining term of the notes offsetting the increase in the spread
over LIBOR. The fair value of the swaps entered into in March 2003
are also combined with the principal balance of the senior notes on
the balance sheet.
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 JUNE 30, 2003 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 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
First Quarter 2003 June 5, 2003 0.615 0.005 2.46
Second Quarter 2003 Sept. 4, 2003 0.620 0.005 2.48
B) PREFERRED STOCK
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. Prior to the
redemption, the Company made quarterly cash distributions on the
Preferred Stock at an annualized rate of $2.22 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
NOTE: On May 28, 2003 the Jobs and Growth Tax Relief Reconciliation
Act of 2003 ("JGTRRA") was signed into law which, as part of an
effort to correct the effects of double taxation of certain
corporate dividends, included a measure to lower the tax rate on
dividends paid to shareholders. However, dividends paid by REITs
have not historically been subject to this double taxation and
therefore, the lower rate applied to dividends in the new law will
not apply to the dividends paid by the Company. The dividends paid
by the Company will continue to be taxed at the current ordinary
income rates of the taxpayer.
Additionally, the JGTRRA lowered the capital gains rates. These
capital gain rate reductions apply to shareholders with any type of
capital gain, including those that are created by a REIT. Therefore,
these lower rates will apply to capital gains of the Company which
any shareholder may have.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 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 SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
----------------------------------------------------------------
2003 2002 2003 2002
----------------------------------------------------------------
TOTAL COMMON SHARES OUTSTANDING 42,041,430 41,941,158 42,041,430 41,941,158
============================ =============================
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 42,024,071 41,911,126 41,983,099 41,820,392
Actual Restricted Stock Shares (1,118,354) (1,258,980) (1,118,354) (1,258,980)
---------------------------- -----------------------------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 40,905,717 40,652,146 40,864,745 40,561,412
Restricted Shares - Treasury 696,183 765,027 702,127 782,022
Dilution for Convertible Debentures 0 0 0 0
Dilution for Employee Stock Purchase Plan 33,451 95,110 43,846 113,259
---------------------------- -----------------------------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 41,635,351 41,512,283 41,610,718 41,456,693
============================ =============================
Note 1: As of June 30, 2003, HR had approximately 1,776 shareholders of record.
16) BENEFICIAL SECURITY OWNERSHIP BY MANAGEMENT AND DIRECTORS AS OF JUNE 30,
2003
OFFICERS Owned Restricted (1) Reserved (2) Options Total
------------------------------------------------------------------------------------------------------------
David R. Emery 144,800 (3) 701,180 112,500 0 958,480
Roger O. West 5,832 365,735 55,000 0 426,567
Scott W. Holmes 1,418 4,398 0 0 5,816
J.D. Carter Steele 3,594 4,614 0 0 8,208
Other Officers as a group 19,066 37,318 0 0 56,384
Directors as a group 47,672 3,000 0 0 50,672
--------------------------------------------------------------------------
TOTAL 222,382 1,116,245 167,500 0 1,506,127
==========================================================================
(1) These shares are subject to long-term vesting requirements pursuant to
the terms of the 1993 Employees Stock Incentive Plan, the 2003 Employees
Restricted 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 MARCH 31, 2003
A) Institutional Shares Held: 20,797,188 (Source: Form 13F Filings)
===========
B) Number of Institutions: 169
===========
C) Percentage of Common Shares Outstanding: 49.49%
===========
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 895,224
Total Common Shares Outstanding 42,041,430
===========
Book Value Per Common Share $ 21.29
===========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED JUNE 30, 2003 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:
Central Regional Office-Georgia
Eastern & Mid-Atlantic Regional Office-Virginia
Western Regional Office-California
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, 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, 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 MONTHS ENDED JUNE 30, 2003 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
Legg Mason Wood Walker Inc. Jerry Doctrow (410) 454-5142
Prudential Securities, Inc. Jim Sullivan (212) 778-2515
Wachovia Securities, Inc. Stephen Swett (212) 909-0954
J) PROJECTED DATES FOR 2003 DIVIDEND AND EARNINGS PRESS RELEASES:
DIVIDEND EARNINGS
-------- --------
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 Central Time
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 are discussed in a 10-K filed with the SEC
by Healthcare Realty Trust Incorporated for the year ended December
31, 2002. 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 JUNE 30, 2003 PAGE 13 OF 13