EXHIBIT 99.3
[HEALTHCARE REALTY TRUST LOGO]
Supplemental Data Report
Three Months Ended September 30, 2003
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of October 30, 2003
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1) - UNAUDITED
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT 30, ENDED SEPT 30,
--------------------------- ---------------------------
2003 2002 2003 2002
------------ ------------ ------------ ------------
NET INCOME (2) $ 17,449 $ 20,490 $ 53,652 $ 62,593
NET (GAIN)/LOSS ON SALE OF REAL ESTATE PROPERTIES 461 (242) 668 (2,872)
PREFERRED STOCK DIVIDEND 0 (1,664) 0 (4,992)
REAL ESTATE DEPRECIATION 10,308 10,094 30,628 30,411
------------ ------------ ------------ ------------
TOTAL ADJUSTMENTS 10,769 8,188 31,296 22,547
------------ ------------ ------------ ------------
FUNDS FROM OPERATIONS - BASIC AND DILUTED $ 28,218 $ 28,678 $ 84,948 $ 85,140
============ ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.69 $ 0.70 $ 2.08 $ 2.10
============ ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.68 $ 0.69 $ 2.04 $ 2.05
============ ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 41,087,329 40,682,210 40,939,067 40,601,065
============ ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,732,935 41,487,797 41,636,126 41,450,671
============ ============ ============ ============
(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 $688 and $778,
respectively, for the three months ended September 30, 2003 and 2002, and
$2.1 million and $2.3 million, respectively, for the nine months ended
September 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 SEPT 30, 2003 PAGE 1 OF 13
2) CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
SEPT. 30, 2003 DEC. 31, 2002
-------------- --------------
Real estate properties (2):
Land $ 140,602 $ 135,791
Buildings and improvements 1,404,435 1,332,872
Personal property 14,263 5,730
Construction in progress 9,033 10,546
-------------- --------------
1,568,333 1,484,939
Less accumulated depreciation (221,304) (192,293)
-------------- --------------
Total real estate properties, net 1,347,029 1,292,646
Cash and cash equivalents 2,014 402
Mortgage notes receivable 92,448 102,792
Other assets, net 81,285 93,706
-------------- --------------
Total assets $ 1,522,776 $ 1,489,546
============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 574,243 $ 545,063
Accounts payable and accrued liabilities 22,264 24,960
Other liabilities 15,153 11,324
-------------- --------------
Total liabilities 611,660 581,347
-------------- --------------
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-- 42,810,142; 2002-- 41,823,564 428 418
Additional paid-in capital 1,054,089 1,024,467
Deferred compensation (19,085) (16,251)
Cumulative net income 498,804 445,152
Cumulative dividends (623,120) (545,587)
-------------- --------------
Total stockholders' equity 911,116 908,199
-------------- --------------
Total liabilities and stockholders' equity $ 1,522,776 $ 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 34.4 years. (see schedule 5)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT 30, 2003 PAGE 2 OF 13
3) CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT 30, ENDED SEPT 30,
---------------------------- ----------------------------
2003 2002 2003 2002
---------------------------- ----------------------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 22,082 $ 25,276 $ 68,509 $ 74,855
Property operating income 21,997 19,626 63,190 57,627
Straight line rent 811 1,017 2,081 2,248
Mortgage interest income 2,710 3,292 7,678 10,614
Interest and other income 994 607 3,336 2,437
---------------------------- ----------------------------
48,594 49,818 144,794 147,781
EXPENSES
General and administrative 2,701 3,140 8,235 8,374
Property operating expenses 8,758 7,486 25,062 22,348
Interest 8,627 8,529 25,637 25,966
Depreciation 10,585 10,386 31,500 31,267
Amortization 13 29 40 105
---------------------------- ----------------------------
30,684 29,570 90,474 88,060
---------------------------- ----------------------------
NET INCOME BEFORE NET GAIN (LOSS) ON SALE OF
REAL ESTATE PROPERTIES 17,910 20,248 54,320 59,721
Net gain (loss) on sale of real estate properties (461) 242 (668) 2,872
---------------------------- ----------------------------
NET INCOME $ 17,449 $ 20,490 $ 53,652 $ 62,593
============================ ============================
NET INCOME PER COMMON SHARE - BASIC $ 0.42 $ 0.45 $ 1.31 $ 1.40
============================ ============================
NET INCOME PER COMMON SHARE - DILUTED $ 0.42 $ 0.44 $ 1.29 $ 1.38
============================ ============================
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 41,087,329 40,682,210 40,939,067 40,601,065
============================ ============================
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 41,732,935 41,487,797 41,636,126 41,450,671
============================ ============================
NOTE: The income statements do not include all of the information and
footnotes required by generally accepted accounting principles for
complete financial statements.
RECONCILIATION OF NET INCOME TO TAXABLE INCOME (UNAUDITED)
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT 30, ENDED SEPT 30,
---------------------- ----------------------
2003 2002 2003 2002
---------------------- ----------------------
NET INCOME $ 17,449 $ 20,490 $ 53,652 $ 62,593
DEPRECIATION AND AMORTIZATION (1) 10,598 10,415 31,540 31,372
DEPRECIATION AND AMORTIZATION (2) (8,879) (8,533) (26,425) (24,788)
GAIN OR LOSS ON DISPOSITION OF DEPRECIABLE ASSETS 370 10,495 401 11,652
STRAIGHT LINE RENT (811) (895) (2,082) (2,126)
OTHER (8,084) 3,020 (9,953) 1,945
---------------------- ---------------------
(6,806) 14,502 (6,519) 18,055
---------------------- ---------------------
TAXABLE INCOME (3) $ 10,643 $ 34,992 $ 47,133 $ 80,648
====================== =====================
(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 SEPT 30, 2003 PAGE 3 OF 13
4) INVESTMENT PROGRESSION
A) CONSTRUCTION IN PROGRESS
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/03 PROPERTIES 09/30/03
----------------------------- -----------------------------
Balance at beginning of period 2 $ 6,677 3 $ 10,546
Fundings on projects in existence at
the beginning of the period 0 2,356 0 5,611
New Projects started during the period 0 0 1 3,029
Completions 0 0 (2) (10,153)
----------------------------- -----------------------------
Balance at end of period 2 $ 9,033 2 $ 9,033
============================= =============================
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/03 PROPERTIES 09/30/03
----------------------------- -----------------------------
Balance at beginning of period 201 $ 1,519,670 195 $ 1,474,393
Acquisitions (1) 4 46,662 9 78,435
Additions/Improvements 0 7,441 0 14,332
Completions (CIP) 0 0 2 10,153
Sales (1) (2) (14,473) (3) (18,013)
----------------------------- -----------------------------
Balance at end of period 203 $ 1,559,300 203 $ 1,559,300
============================= =============================
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE NINE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 09/30/03 PROPERTIES 09/30/03
----------------------------- -----------------------------
Balance at beginning of period 15 $ 86,063 23 $ 102,792
Funding of Mortgages (1) 0 6,425 2 28,952
Repayments 0 0 (10) (38,619)
Amortization 0 121 0 (129)
Scheduled Principal Payments 0 (161) 0 (548)
----------------------------- -----------------------------
Balance at end of period 15 $ 92,448 15 $ 92,448
============================= =============================
(1) During the third quarter of 2003, the Company acquired two medical
office buildings in Texas totaling $26.0 million and two ancillary hospital
facilities in Hawaii totaling $20.7 million. One physician clinic in
Massachusetts and one assisted living facility in Wyoming were sold for a total
of $14.5 million. Additionally, the Company re-purchased from a participating
bank a $6.4 million participation in one of its mortgage notes receivable on a
skilled nursing facility in Tennessee.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT 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
ities Clinics Centers Buildings ties (1) ties ties ties ties ties(2) Total Total
------------------------------------------------ -----------------------------------------------------------------
OPERATING
PROPERTIES
1 Arizona $ 3,612 $ 13,489 $ 17,101 1.03%
2 California 48,760 32,457 81,217 4.89%
3 Florida 31,071 $ 22,364 52,238 $ 8,490 114,163 6.87%
4 Georgia 6,988 6,988 0.42%
5 Hawaii 20,665 20,665 1.24%
6 Kansas 10,993 10,993 0.66%
7 Louisiana 10,900 10,900 0.66%
8 Mississippi 7,325 7,325 0.44%
9 Missouri 5,644 12,461 18,105 1.09%
10 Nevada 45,225 45,225 2.72%
11 Pennsylvania 4,928 4,962 10,404 $ 2,889 23,183 1.40%
12 Tennessee 63,090 8,983 11,022 83,095 5.00%
13 Texas 28,754 53,903 82,657 4.98%
14 Virginia 29,762 3,291 12,500 45,553 2.74%
15 Wyoming 18,276 18,276 1.10%
------------------------------------------------ -----------------------------------------------------------------
TOTAL OPER.
PROPERTIES 330,349 45,244 110,645 96,319 -- -- -- -- -- 2,889 585,446 35.25%
------------------------------------------------ -----------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR OPERATING PROPERTIES: 0.2%
- ------------------------------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama $ 43,917 $ 11,488 $ 4,370 $ 17,722 $ 77,497 4.67%
2 Arizona 5,274 3,055 $ 2,874 11,203 0.67%
3 California 29,291 $8,363 1,046 $12,688 51,388 3.09%
4 Colorado 4,967 21,441 26,408 1.59%
5 Connecticut 12,189 12,189 0.73%
6 Florida 39,821 45,858 $ 6,584 $ 1,448 9,555 21,869 10,206 11,703 147,044 8.85%
7 Georgia 5,427 1,595 10,079 17,101 1.03%
8 Illinois 11,939 1,486 13,425 0.81%
9 Indiana 3,640 3,640 0.22%
10 Kansas 7,593 7,593 0.46%
11 Massachusetts 12,034 12,034 0.72%
12 Michigan 21,913 13,859 35,772 2.15%
13 Mississippi 4,481 3,473 7,954 0.48%
14 Missouri 16,370 4,570 6,250 11,139 38,329 2.31%
15 Nevada 7,034 3,801 10,835 0.65%
16 New Jersey 19,047 19,047 1.15%
17 North Carolina 3,982 3,982 0.24%
18 Ohio 4,612 4,612 0.28%
19 Oklahoma 13,341 13,341 0.80%
20 Pennsylvania 32,180 21,765 113,867 167,812 10.10%
21 Tennessee 3,139 2,611 3,874 8,335 17,959 1.08%
22 Texas 39,695 17,314 22,228 1,976 28,895 19,466 13,203 $43,680 6,023 192,480 11.59%
23 Virginia 22,994 1,941 2,166 17,675 37,227 82,003 4.94%
------------------------------------------------ -----------------------------------------------------------------
TOTAL MASTER
LEASES 191,165 103,546 45,182 5,365 43,243 173,462 178,940 156,495 43,680 32,570 973,648 58.63%
------------------------------------------------ -----------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MASTER LEASES: 1.7%
- ------------------------------------------------------------------------------------------------------------------------------------
Corporate
Property 9,239 0.56%
------------------------------------------------ -----------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $521,514 $148,790 $155,827 $101,684 $ 43,243 $173,462 $178,940 $156,495 $43,680 $35,459 $1,568,333 94.43%
================================================ =================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
Wtd Avg
Depreciable
Life (yrs): 36.4 33.3 33.5 33.9 35.5 32.2 35.1 34.8 31.6 34.6 34.4
Wtd Avg Period
Held (yrs): 6.2 5.9 5.9 5.6 6.6 4.4 6.2 5.0 5.0 6.4 5.8
- ------------------------------------------------------------------------------------------------------------------------------------
MORTGAGES
1 Arizona $ 4,654 $16,693 $ 21,347 1.29%
2 California 4,932 4,932 0.30%
3 Florida 11,453 $22,782 34,235 2.06%
4 Georgia 1,102 1,102 0.07%
5 Idaho 4,701 4,701 0.28%
6 Michigan $ 1,554 1,554 0.09%
7 Oregon 2,753 2,753 0.17%
8 South Carolina 2,909 2,909 0.18%
9 Tennessee 18,365 18,365 1.11%
10 Texas $ 550 550 0.03%
------------------------------------------------ -----------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ 550 $ -- $ -- $ -- $ 32,504 $ 19,919 $ -- $22,782 $16,693 $ 92,448 5.57%
------------------------------------------------ -----------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MORTGAGES: 2.3%
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS $521,514 $149,340 $155,827 $101,684 $ 43,243 $205,966 $198,859 $156,495 $66,462 $52,152 $1,660,781 100.00%
================================================ =================================================================
PERCENT OF
$ INVESTED 31.577% 9.043% 9.435% 6.157% 2.618% 12.471% 12.041% 9.476% 4.024% 3.158% 100.00%
==================================================================================================================
NUMBER OF
PROPERTIES 60 28 13 13 12 38 36 9 6 5 220
================================================ =================================================================
NUMBER OF
BEDS 2,794 3,720 759 1,193 374 8,840
=================================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT 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
ties Investment ties tment ties Investment Commitments Total Percent
-------------------------------------------------------------------------------------------
PUBLIC OR INVESTMENT GRADE OPERATORS/
SIGNIFICANT TENANTS
- -------------------------------------
1 Healthsouth 27 $ 276,709 27 $ 276,709 $ 276,709 16.33%
2 HCA 23 203,393 23 203,393 203,393 12.01%
3 Tenet Healthcare Corporation 12 101,448 12 101,448 101,448 5.99%
4 Emeritus Corporation 12 72,975 12 72,975 72,975 4.31%
5 Baptist Memorial Healthcare
Corporation 5 58,898 5 58,898 $ 4,831 63,729 3.76%
6 Baylor Health Systems 1 3,698 1 3,698 28,636 32,334 1.91%
7 Methodist Healthcare System 4 26,490 4 26,490 26,490 1.56%
8 Vanguard Health System 2 25,998 2 25,998 25,998 1.53%
9 Integrated Health 2 24,089 2 24,089 24,089 1.42%
10 Triad Hospitals, Inc. 4 22,934 4 22,934 22,934 1.35%
11 Hawaii Pacific Health 2 20,665 2 20,665 20,665 1.22%
12 MedCath Corporation 1 3,612 1 $ 16,693 2 20,305 20,305 1.20%
13 Ephrata Community Hospital 3 20,294 3 20,294 20,294 1.20%
14 Psychiatric Solutions, Inc. 2 19,881 2 19,881 19,881 1.17%
15 United Medical Center 1 18,276 1 18,276 18,276 1.08%
16 KS Management Services 1 17,314 1 17,314 17,314 1.02%
17-29 13 Operators With Less
than 1% Each 20 112,112 0 -- 20 112,112 -- 112,112 6.62%
---------------------------------------------------------------------------------------------
122 1,028,786 1 16,693 123 1,045,479 33,467 $1,078,946 63.68%
---------------------------------------------------------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
- -----------------------------------
30 Life Care Centers of America 12 $ 82,998 2 $ 15,617 14 $ 98,615 $ 98,615 5.82%
31 Multi-tenant 7 63,872 7 63,872 63,872 3.77%
32 Summerville Senior Living 5 53,108 5 53,108 53,108 3.14%
33 Lewis-Gale Clinic, LLC 8 45,553 8 45,553 45,553 2.69%
34 Senior Lifestyles 4 43,680 4 43,680 43,680 2.58%
35 Kerlan-Jobe Orthopaedic Clinic 1 32,457 1 32,457 32,457 1.92%
36 Melbourne Internal Medicine 4 28,554 4 28,554 28,554 1.69%
37 Generations Management
Services, LLC 6 23,184 6 23,184 23,184 1.37%
38 Aston Care Systems, Inc. 2 22,781 2 22,781 22,781 1.35%
39-62 24 Operators With Less
than 1% Each 36 156,902 10 37,357 46 194,259 -- 194,259 11.47%
---------------------------------------------------------------------------------------------
83 530,308 14 75,755 97 606,063 -- 606,063 35.77%
---------------------------------------------------------------------------------------------
Corporate Property 9,239 9,239 9,239 0.55%
---------------------------------------------------------------------------------------------
205 $1,568,333 15 $ 92,448 220 $1,660,781 $ 33,467 $1,694,248 100.00%
=============================================================================================
(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 Florida 34 6 4 44 771,896 746,190 57,823 942,807 2,518,716 20.41%
2 Texas 31 1 32 1,292,330 165,000 654,870 41,515 2,153,715 17.45%
3 Tennessee 15 5 2 22 133,471 60,000 501,568 291,244 142,191 1,128,474 9.14%
4 Virginia 24 24 527,705 472,388 111,998 1,112,091 9.01%
5 Pennsylvania 20 20 722,053 117,997 840,050 6.81%
6 California 12 1 13 184,913 481,205 50,000 716,118 5.80%
7 Alabama 10 10 507,530 507,530 4.11%
8 Michigan 8 1 9 315,227 49,408 364,635 2.95%
9 Connecticut 1 31 32 59,387 258,017 317,404 2.57%
10 Missouri 10 10 201,167 106,146 307,313 2.49%
11 Nevada 3 3 43,579 198,064 241,643 1.96%
12 Georgia 5 1 6 129,850 58,030 40,000 227,880 1.85%
13 Colorado 3 3 225,764 225,764 1.83%
14 Arizona 4 2 6 74,507 75,621 60,078 210,206 1.70%
15 Mississippi 3 3 6 25,000 94,987 73,657 193,644 1.57%
16 Hawaii 2 2 184,763 184,763 1.50%
17 Wyoming 1 1 2 139,647 139,647 1.13%
18 Oklahoma 5 5 139,216 139,216 1.13%
19 Kansas 2 2 57,035 70,908 127,943 1.04%
20 Louisiana 2 2 127,527 127,527 1.03%
21 Illinois 2 2 115,100 115,100 0.93%
22 New Jersey 2 2 110,844 110,844 0.90%
23 Massachusetts 2 2 92,742 92,742 0.75%
24 Oregon 0 1 1 80,429 80,429 0.65%
25 North Carolina 1 1 33,181 33,181 0.27%
26 Ohio 1 1 33,181 33,181 0.27%
27 Indiana 1 1 29,500 29,500 0.24%
28 Idaho 0 1 1 -- 29,118 29,118 0.24%
29 South Carolina 0 1 1 23,000 23,000 0.19%
30 Arkansas 1 1 11,963 11,963 0.10%
-------------------------- ----------------------------------------------------------------------------------
TOTAL SQUARE FEET 5,837,141 225,000 4,029,911 792,739 1,458,546 12,343,337 100.00%
==================================================================================
TOTAL PROPERTIES 205 46 15 266
==========================
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT 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 1,092,473 165,000 2,400,799 3,658,272 29.64%
Medical Office Buildings 237,735 60,000 454,336 761,016 1,513,087 12.26%
Assisted Living Facilities 1,051,722 380,707 1,432,429 11.60%
Skilled Nursing Facilities 1,266,751 191,599 1,458,350 11.81%
Independent Living Facilities 308,742 835,147 1,143,889 9.27%
Physician Clinics 659,448 281,813 41,515 982,776 7.96%
Comprehensive Ambulatory Care Centers 115,857 856,012 971,869 7.87%
Inpatient Rehab Hospitals 643,383 643,383 5.21%
Other Outpatient Facilities 244,689 36,951 281,640 2.28%
Other Inpatient Facilities 216,341 31,723 9,578 257,642 2.09%
-------------------------------------- ----------------------------------------------------
TOTAL SQUARE FEET 5,837,141 225,000 4,029,911 792,739 1,458,546 12,343,337 100.00%
====================================== ====================================================
PERCENT OF TOTAL SQUARE FOOTAGE 47.29% 1.82% 32.65% 6.42% 11.82% 100.00%
====================================== ==========================================
TOTAL NUMBER OF PROPERTIES 137 2 66 46 15 266
====================================== ==========================================
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 523,203 817,206 1,340,409 10.86%
2 Healthsouth 1,124,390 136,625 1,261,015 10.22%
3 Baptist Memorial Healthcare Corporation 60,000 365,584 364,901 790,485 6.40%
4 Tenet Healthcare Corporation 258,485 362,316 31,723 652,524 5.29%
5 Emeritus Corporation 502,119 502,119 4.07%
6 Stamford Health Systems 258,017 258,017 2.09%
7 Methodist Healthcare System 222,688 222,688 1.80%
8 Vanguard Health System 194,803 194,803 1.58%
9 Hawaii Pacific Health 184,763 184,763 1.50%
10 Baylor Health Systems 165,000 165,000 1.34%
11 Psychiatric Solutions, Inc. 153,341 153,341 1.24%
12 Triad Hospitals, Inc. 146,971 146,971 1.19%
13 United Medical Center 139,647 139,647 1.13%
14 Labcorp of America 129,294 129,294 1.05%
15 Pendleton Memorial Methodist Hospital 127,527 127,527 1.03%
16-30 15 Operators with Square Feet Less Than 1% 578,676 -- 615,829 -- 9,578 1,204,083 9.75%
----------------------------------- ---------------------------------------------
TOTAL 3,481,988 225,000 2,844,658 654,641 9,578 7,215,865 58.46%
----------------------------------- ---------------------------------------------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
29 Aston Care Systems, Inc 835,147 835,147 6.77%
30 Life Care Centers of America 620,527 131,813 752,340 6.10%
31 Lewis-Gale Clinic, LLC 472,388 472,388 3.83%
32 Multi-tenant 26,000 408,062 434,062 3.52%
33 Senior Lifestyles 308,742 308,742 2.50%
34 Summerville Senior Living 292,231 292,231 2.37%
35 Centennial Healthcare Corporation 151,172 151,172 1.22%
36 Melbourne Internal Medicine 140,125 140,125 1.14%
37 HSI 139,216 139,216 1.13%
38 Prestige Care 129,618 129,618 1.05%
39-64 26 Operators with Square Feet Less Than 1% 677,140 -- 304,803 138,098 352,390 1,472,431 11.93%
----------------------------------- ---------------------------------------------
TOTAL 2,355,153 -- 1,185,253 138,098 1,448,968 5,127,472 41.54%
----------------------------------- ---------------------------------------------
TOTAL SQUARE FEET 5,837,141 225,000 4,029,911 792,739 1,458,546 12,343,337 100.00%
=================================== =============================================
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue
For the Three % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 09/30/03 Total Revenue
---------------------------------------------------------------
0% to 24.9% 0 $0 0.0%
25% to 49.9% 1 166 0.3%
50% to 69.9% 8 546 1.1%
70% to 84.9% 10 1,169 2.4%
85% to 100.0% 19 2,496 5.1%
-----------------------------------------
38 $4,377 9.0%
=========================================
NOTE: Occupancy rates are generally as of June 30, 2003 and revenues are for the
three months ended September 30, 2003.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE MONTHS ENDED SEPT 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 4 21 $ 3,824 2.31% 0.00
2004 9 72 12,868 7.78% 0.05
2005 4 91 8,392 5.07% 0.07
2006 3 71 8,342 5.04% 0.13
2007 10 42 9,552 5.78% 0.25
2008 15 33 16,021 9.69% 0.52
2009 22 9 23,070 13.95% 0.86
2010 16 9 13,650 8.25% 0.67
2011 7 16 18,775 11.35% 0.60
2012 8 4 8,432 5.10% 0.42
2013 25 6 24,737 14.96% 1.52
2014 1 6 1,891 1.14% 0.08
2015 8 0 4,819 2.91% 0.42
After 2015 5 10 11,011 6.66% 1.48
------------------------------------------------------------------------------------
TOTAL 137 390 $ 165,384 100.00% 7.07
====================================================================================
NUMBER OF PROPERTIES REPRESENTED: 205
B) MORTGAGES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Mortgage
Mortgages Net Revenue Net Revenue Term (Years)
-------------------------------------------------------
2003 4 $ 1,570 14.24% 0.00
2004 1 1,642 14.89% 0.20
2005 3 773 7.01% 0.19
2006 3 4,616 41.87% 0.84
2007 0 - 0.00% 0.00
2008 2 859 7.79% 0.39
2009 1 548 4.97% 0.35
2010 0 - 0.00% 0.00
2011 0 - 0.00% 0.00
2012 0 - 0.00% 0.00
2013 1 1,017 9.22% 1.39
2014 0 - 0.00% 0.00
After 2014 0 - 0.00% 0.00
-------------------------------------------------------
TOTAL 15 $ 11,025 100.00% 3.36
=======================================================
12) CONSTRUCTION IN PROGRESS - AS OF SEPTEMBER 30, 2003
Investment Remaining Total
Operator Properties Balance Commitment Real Estate (1)
---------------------------------- -----------------------------------------------------------------
Baptist Collierville 1 $ 5,335 $ 4,831 $ 10,166
Baylor Medical Center at Plano 1 3,698 28,636 32,334
--------------------------------------------------------------
TOTAL 2 $ 9,033 $ 33,467 $ 42,500
==============================================================
Percentage of construction in progress to total investment portfolio: 0.54%
=========
(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 $10,166 $0 $0 $32,334 $42,500
====================================================================================
(2) During the three and nine months ending September 30, 2003, the
Company capitalized interest in the amount of $142 and $529,
respectively.
(3) Developments announced, but construction has not yet commenced:
Approximate Estimated Estimated
Project Commitment Start Completion
------------------ --------------------------------------
Baylor/Irving $21,810 Q1-04 Q3-05
----------
TOTAL $21,810
==========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT PAGE 8 OF 13
THREE MONTHS ENDED SEPT 30, 2003
13) LONG-TERM DEBT INFORMATION - AS OF SEPTEMBER 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 313,228 7.218% See Note (C)
Mortgage Notes Payable 69,682 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 2,333 7.53%
---------
455,243
---------
Variable Rate Debt: (See Note C)
Unsecured Credit Facility due 2004 119,000 1.15% over LIBOR See Note (E)
---------
119,000
---------
TOTAL $ 574,243
=========
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 407 1,697 1,822 1,956 2,099 305,247 313,228
Mortgage Notes Payable 887 18,832 3,748 4,037 4,348 37,830 69,682
Other Note Payable -- 1,166 1,167 -- -- -- 2,333
Variable Rate Debt:
Unsecured Credit Facility due 2004 -- 119,000 -- -- -- -- 119,000
------------------------------------------------------------------------------
$ 1,294 $ 160,995 $ 27,037 $ 35,393 $ 6,447 $ 343,077 $ 574,243
==============================================================================
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.
In October 2003, the Company intends to prepay three mortgage notes
payable totaling $15.4 million resulting in a 1% prepayment penalty.
The three notes bear interest at 8.125% and were scheduled to mature
in September 2004.
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, which was set to mature in July 2004, was priced
at 1.15% over LIBOR, and had a 0.2% facility fee.
In October 2003, the Company modified and renewed its existing $150
million senior unsecured revolving credit facility which would have
matured in July 2004, with a new, three year $300 million senior
unsecured revolving credit facility. The new facility may be
increased to $350 million at any time during the first 2 years at
the Company's request subject to the availability of additional
capital commitments. The new facility due 2006 bears interest at
LIBOR rates plus 1.10%, payable quarterly, and matures in October
2006. In addition, the Company will pay a facility fee of 0.35% on
the commitment, and is subject to other terms and conditions
customary for transactions of this nature.
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 PAGE 9 OF 13
THREE MONTHS ENDED SEPT 30, 2003
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
Third Quarter 2003 Dec. 4, 2003 0.625 0.005 2.50
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 PAGE 10 OF 13
THREE MONTHS ENDED SEPT 30, 2003
15) COMMON SHARES INFORMATION
The share amounts below set forth the computation of basic and diluted
shares (in accordance with FASB Statement No. 128) which will be used as
the denominator in the computation of EPS and FFO per share amounts:
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPT 30, ENDED SEPT 30,
------------------------------------------------------------
2003 2002 2003 2002
------------------------------------------------------------
TOTAL COMMON SHARES OUTSTANDING 42,810,142 41,968,351 42,810,142 41,968,351
============================= ==========================
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 42,206,768 41,942,781 42,058,506 41,861,636
Actual Restricted Stock Shares (1,119,439) (1,260,571) (1,119,439) (1,260,571)
----------------------------- --------------------------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 41,087,329 40,682,210 40,939,067 40,601,065
Restricted Shares - Treasury 600,128 730,923 650,002 748,176
Dilution for Convertible Debentures 0 0 0 0
Dilution for Employee Stock Purchase Plan 45,478 74,664 47,057 101,430
----------------------------- --------------------------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 41,732,935 41,487,797 41,636,126 41,450,671
============================= ==========================
Note 1: As of September 30, 2003, HR had approximately 1,780 shareholders of
record.
Note 2: On September 10, 2003, HR sold 750,000 shares of common stock, par value
$0.01 per share, in an underwritten public offering for net proceeds of $23.3
million.
16) BENEFICIAL SECURITY OWNERSHIP BY MANAGEMENT AND DIRECTORS AS OF
SEPTEMBER 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 20,106 38,418 0 0 58,524
Directors as a group 47,672 3,000 0 0 50,672
--------------------------------------------------------------------------
Total 223,422 1,117,345 167,500 0 1,508,267
==========================================================================
(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 JUNE 30, 2003
A) Institutional Shares Held: 20,869,368 (Source: Form 13F Filings)
============
B) Number of Institutions: 165
============
C) Percentage of Common Shares Outstanding: 49.64%
============
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 911,116
Total Common Shares Outstanding 42,810,142
------------
Book Value Per Common Share $ 21.28
============
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT PAGE 11 OF 13
THREE MONTHS ENDED SEPT 30, 2003
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 PAGE 12 OF 13
THREE MONTHS ENDED SEPT 30, 2003
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
$60 thousand of HR common stock may be purchased per calendar
year 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. John Sheehan (314) 955-5834
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 PAGE 13 OF 13
THREE MONTHS ENDED SEPT 30, 2003