EXHIBIT 99.1


                         [HEALTHCARE REALTY TRUST LOGO]


                                  NEWS RELEASE
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Contact: Scott W. Holmes, Senior Vice President and Chief Financial Officer
         (615) 269-8175


                       HEALTHCARE REALTY TRUST ANNOUNCES
                        FOURTH QUARTER DIVIDEND INCREASE

       COMPANY REPORTS FORTY-SECOND CONSECUTIVE COMMON DIVIDEND INCREASE

         NASHVILLE, Tennessee, January 27, 2004 -- Healthcare Realty Trust
Incorporated (NYSE:HR) today announced its forty-second consecutive common
stock dividend increase for the quarter ended December 31, 2003. This dividend,
in the amount of $0.63 per share, represents an increase of $0.005 per share
over the dividend paid for the quarter ended September 30, 2003. The dividend
is payable on March 4, 2004 to shareholders of record on February 13, 2004. At
this rate, quarterly dividends approximate an annualized dividend payment of
$2.52 per share.

         Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real estate
properties associated with the delivery of healthcare services throughout the
United States. As of September 30, 2003, the Company's portfolio was comprised
of ten major facility types, located in 30 states, and operated pursuant to
contractual arrangements with 62 healthcare providers. The Company had
investments of approximately $1.7 billion in 220 real estate properties or
mortgages, totaling approximately 11.6 million square feet. The Company
provided property management services to almost five million square feet
nationwide.




    In addition to the historical information contained within, the matters
  discussed in this press release may contain forward-looking statements that
involve risks and uncertainties. These risks are discussed in a 10-K filed with
   the SEC by Healthcare Realty Trust for the year ended December 31, 2002.
 Forward-looking statements represent the Company's judgment as of the date of
         this release. The Company disclaims any obligation to update
                           forward-looking material.


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