EXHIBIT 99.3
[HEALTHCARE REALTY TRUST LOGO]
Supplemental Data Report
Three Months Ended December 31, 2003
Dollars in thousands, except per share data, unless otherwise disclosed
Updated as of January 29, 2004
1) RECONCILIATION OF FUNDS FROM OPERATIONS (1) - UNAUDITED
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC 31, ENDED DEC 31,
------------------------------ ------------------------------
2003 2002 2003 2002
------------ ------------ ------------ ------------
NET INCOME (2) $ 16,856 $ 7,498 $ 70,507 $ 70,091
NET (GAIN)/LOSS ON SALE OF REAL ESTATE PROPERTIES 441 (516) 1,109 (3,388)
PREFERRED STOCK DIVIDEND 0 0 0 (4,992)
REAL ESTATE DEPRECIATION AND AMORTIZATION 11,741 9,907 42,370 40,317
------------ ------------ ------------ ------------
TOTAL ADJUSTMENTS 12,182 9,391 43,479 31,937
------------ ------------ ------------ ------------
FUNDS FROM OPERATIONS - BASIC AND DILUTED $ 29,038 $ 16,889 $ 113,986 $ 102,028
============ ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - BASIC $ 0.70 $ 0.41 $ 2.77 $ 2.49
============ ============ ============ ============
FUNDS FROM OPERATIONS PER COMMON SHARE - DILUTED $ 0.69 $ 0.40 $ 2.73 $ 2.45
============ ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 41,693,382 41,147,227 41,129,282 40,974,532
============ ============ ============ ============
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 42,276,811 41,747,036 41,780,088 41,606,068
============ ============ ============ ============
(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 $581,
respectively, for the three months ended December 31, 2003 and 2002,
and $2.9 million and $2.3 million, respectively, for the twelve months
ended December 31, 2003 and 2002. Net income for the three and twelve
months ended December 31, 2002 includes an $11.8 million charge
related to the retirement of one executive officer and the elimination
of several other officer and employee positions in the fourth quarter
of 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 AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 1 OF 13
2) CONSOLIDATED BALANCE SHEETS
ASSETS (Unaudited) (1)
DEC. 31, 2003 DEC. 31, 2002
------------- -------------
Real estate properties (2):
Land $ 139,732 $ 135,791
Buildings, improvements and lease intangibles 1,405,426 1,332,872
Personal property 14,416 5,730
Construction in progress 13,198 10,546
----------- -----------
1,572,772 1,484,939
Less accumulated depreciation (232,763) (192,293)
----------- -----------
Total real estate properties, net 1,340,009 1,292,646
Cash and cash equivalents 3,840 402
Mortgage notes receivable 91,835 102,792
Other assets, net 90,026 93,706
----------- -----------
Total assets $ 1,525,710 $ 1,489,546
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Notes and bonds payable $ 590,281 $ 545,063
Accounts payable and accrued liabilities 15,649 24,960
Other liabilities 17,502 11,324
----------- -----------
Total liabilities 623,432 581,347
----------- -----------
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 -- 42,823,916; 2002 -- 41,823,564 428 418
Additional paid-in capital 1,054,465 1,024,467
Deferred compensation (18,396) (16,251)
Cumulative net income 515,659 445,152
Cumulative dividends (649,878) (545,587)
----------- -----------
Total stockholders' equity 902,278 908,199
----------- -----------
Total liabilities and stockholders' equity $ 1,525,710 $ 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 34.6 years. (see schedule 5)
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 2 OF 13
3) CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC 31, ENDED DEC 31,
------------------------------ ------------------------------
2003 2002 2003 2002
------------ ------------ ------------ ------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
REVENUES
Master lease rental income $ 23,088 $ 22,647 $ 88,963 $ 91,966
Property operating income 22,771 18,673 85,954 74,477
Straight line rent 552 844 2,553 2,588
Mortgage interest income 2,763 2,694 10,441 13,308
Interest and other income 751 980 4,086 3,407
------------------------------ ------------------------------
49,925 45,838 191,997 185,746
EXPENSES
General and administrative (1) 2,887 13,854 11,122 22,229
Property operating expenses 9,821 7,420 34,876 28,542
Interest 8,964 8,229 34,601 34,195
Depreciation 10,973 10,013 42,142 39,587
Amortization 13 25 53 126
------------------------------ ------------------------------
32,658 39,541 122,794 124,679
------------------------------ ------------------------------
INCOME FROM CONTINUING OPERATIONS 17,267 6,297 69,203 61,067
DISCONTINUED OPERATIONS
Operating income from Discontinued Operations 30 685 2,413 5,636
Gain/(loss) on sale of real estate properties (441) 516 (1,109) 3,388
------------------------------ ------------------------------
(411) 1,201 1,304 9,024
NET INCOME $ 16,856 $ 7,498 $ 70,507 $ 70,091
============================== ==============================
BASIC EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE $ 0.41 $ 0.15 $ 1.68 $ 1.35
============================== ==============================
DISCONTINUED OPERATIONS PER COMMON SHARE $ (0.01) $ 0.03 $ 0.03 $ 0.22
============================== ==============================
NET INCOME PER COMMON SHARE $ 0.40 $ 0.18 $ 1.71 $ 1.57
============================== ==============================
DILUTED EARNINGS PER COMMON SHARE:
INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE $ 0.41 $ 0.15 $ 1.66 $ 1.34
============================== ==============================
DISCONTINUED OPERATIONS PER COMMON SHARE $ (0.01) $ 0.03 $ 0.03 $ 0.21
============================== ==============================
NET INCOME PER COMMON SHARE $ 0.40 $ 0.18 $ 1.69 $ 1.55
============================== ==============================
WTD AVERAGE COMMON SHARES OUTSTANDING - BASIC 41,693,382 41,147,227 41,129,282 40,974,532
============================== ==============================
WTD AVERAGE COMMON SHARES OUTSTANDING - DILUTED 42,276,811 41,747,036 41,780,088 41,606,068
============================== ==============================
NOTE: The income statements do not include all of the information and
footnotes required by generally accepted accounting principles for
complete financial statements.
(1) General and administrative expense for the three and twelve
months ended December 31, 2002 includes an $11.8 million charge related to the
retirement of one executive officer and the elimination of several other
officer and employee positions in the fourth quarter of 2002.
RECONCILIATION OF NET INCOME TO TAXABLE INCOME (UNAUDITED)
FOR THE THREE MONTHS FOR THE TWELVE MONTHS
ENDED DEC 31, ENDED DEC 31,
--------------------------- ---------------------------
2003 2002 2003 2002
-------- -------- -------- --------
NET INCOME $ 16,856 $ 7,498 $ 70,507 $ 70,091
DEPRECIATION AND AMORTIZATION (1) 12,050 10,038 43,589 39,713
DEPRECIATION AND AMORTIZATION (2) (9,350) (9,008) (35,775) (33,796)
GAIN OR LOSS ON DISPOSITION OF DEPRECIABLE ASSETS (318) 821 83 12,473
STRAIGHT LINE RENT (552) (1,017) (2,634) (3,143)
OTHER (5,371) 10,364 (15,322) 12,310
--------------------------- ---------------------------
(3,541) 11,198 (10,059) 27,557
--------------------------- ---------------------------
TAXABLE INCOME (3) $ 13,315 $ 18,696 $ 60,448 $ 97,648
=========================== ===========================
(1) Per books
(2) Tax basis
(3) Before REIT dividend paid deduction
NOTE: The differences between financial statement net income and REIT
taxable income arise from income and expenses included in net income
that are nontaxable or nondeductible, respectively, for federal income
tax purposes, or that are taxable or deductible, respectively, in
another period or periods due to timing differences between the
methods of accounting appropriate under generally accepted accounting
principles and those required for federal income tax purposes. Such
differences for the Company include those listed above in detail and
other differences, which are attributable to deferred rents, reserves
for doubtful accounts and other contingencies, prepaid expenses,
deferred compensation, nondeductible expenses, nontaxable income,
purchase accounting differences arising from tax-free reorganizations,
and other differences between GAAP and federal income tax accounting
methods.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 3 OF 13
4) INVESTMENT PROGRESSION
A) CONSTRUCTION IN PROGRESS
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/03 PROPERTIES 12/31/03
--------------------------- ----------------------------
Balance at beginning of period 2 $ 9,033 3 $ 10,546
Fundings on projects in existence at
the beginning of the period 0 4,165 0 9,776
New Projects started during the period 0 0 1 3,029
Completions 0 0 (2) (10,153)
--------------------------- ----------------------------
Balance at end of period 2 $ 13,198 2 $ 13,198
=========================== ============================
B) REAL ESTATE PROPERTIES
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/03 PROPERTIES 12/31/03
--------------------------------- ---------------------------------
Balance at beginning of period 203 $ 1,559,300 195 $ 1,474,393
Acquisitions 0 0 9 78,435
Additions/Improvements 0 3,554 0 17,886
Completions (CIP) 0 0 2 10,153
Sales (1) (1) (3,280) (4) (21,293)
--------------------------------- ---------------------------------
Balance at end of period 202 $ 1,559,574 202 $ 1,559,574
================================= =================================
C) MORTGAGE NOTES RECEIVABLE
FOR THE THREE FOR THE TWELVE
NUMBER OF MONTHS ENDED NUMBER OF MONTHS ENDED
PROPERTIES 12/31/03 PROPERTIES 12/31/03
----------------------------- -----------------------------
Balance at beginning of period 15 $ 92,448 23 $ 102,792
Funding of Mortgages 0 0 2 28,952
Repayments (1) (1) (547) (11) (39,166)
Amortization 0 129 0 0
Scheduled Principal Payments 0 (195) 0 (743)
----------------------------- -----------------------------
Balance at end of period 14 $ 91,835 14 $ 91,835
============================= =============================
(1) During the fourth quarter of 2003, the Company sold one comprehensive
ambulatory care center in Florida for $3.3 million. Additionally, a $0.5 million
mortgage note receivable on a physician clinic in Texas was repaid in full.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 4 OF 13
5) INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION
OUTPATIENT FACILITIES INPATIENT FACILITIES
------------------------------------------------ -------------------------------------------
Ancill- Comp. Other In- Inde- Other
ary Ambu- Out- Assisted Skilled patient pendent 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 49,237 32,475 81,712 4.91%
3 Florida 31,128 $22,364 52,397 $ 8,491 114,380 6.87%
4 Georgia 7,018 7,018 0.42%
5 Hawaii 20,699 20,699 1.24%
6 Kansas 11,020 11,020 0.66%
7 Louisiana 10,933 10,933 0.66%
8 Mississippi 7,610 7,610 0.46%
9 Missouri 5,659 12,470 18,129 1.09%
10 Nevada 45,232 45,232 2.72%
11 Pennsylvania 4,928 4,962 10,730 $2,889 23,509 1.41%
12 Tennessee 65,075 8,994 11,022 85,091 5.11%
13 Texas 31,678 54,295 85,973 5.16%
14 Virginia 30,115 3,291 12,533 45,939 2.76%
15 Wyoming 18,697 18,697 1.12%
------------------------------------------------ -------------------------------------------------------------
TOTAL OPER.
PROPERTIES 336,982 45,270 110,831 97,071 -- -- -- -- -- 2,889 593,043 35.63%
------------------------------------------------ -------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR OPERATING PROPERTIES: 2.5%
- ------------------------------------------------------------------------------------------------------------------------------------
MASTER LEASES
1 Alabama $ 43,917 $11,488 $ 4,370 $ 17,722 $ 77,497 4.66%
2 Arizona 5,274 $ 2,874 8,148 0.49%
3 Arkansas 3,055 3,055 0.18%
4 California 29,291 $8,363 1,046 $12,688 51,388 3.09%
5 Colorado 4,967 21,441 26,408 1.59%
6 Connecticut 12,189 12,189 0.73%
7 Florida 39,834 45,858 $ 3,312 $ 1,448 9,555 21,869 10,206 11,703 143,785 8.64%
8 Georgia 5,427 1,595 10,079 17,101 1.03%
9 Illinois 11,939 1,486 13,425 0.81%
10 Indiana 3,640 3,640 0.22%
11 Kansas 7,593 7,593 0.46%
12 Massachusetts 12,034 12,034 0.72%
13 Michigan 21,913 13,859 35,772 2.15%
14 Mississippi 4,481 3,474 7,955 0.48%
15 Missouri 16,370 4,570 6,250 11,139 38,329 2.30%
16 Nevada 7,034 3,801 10,835 0.65%
17 New Jersey 19,047 19,047 1.14%
18 North Carolina 3,982 3,982 0.24%
19 Ohio 4,612 4,612 0.28%
20 Oklahoma 13,341 13,341 0.80%
21 Pennsylvania 32,180 21,765 113,867 167,812 10.08%
22 Tennessee 3,139 2,611 3,874 8,335 17,959 1.08%
23 Texas 39,695 17,314 22,273 1,992 28,895 19,466 13,203 $43,680 6,023 192,541 11.57%
24 Virginia 22,994 1,941 2,166 17,675 37,234 82,010 4.93%
------------------------------------------------ -------------------------------------------------------------
TOTAL MASTER
LEASES 191,178 103,546 41,955 5,381 43,243 173,463 178,947 156,495 43,680 32,570 970,458 58.30%
------------------------------------------------ -------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MASTER LEASES: 1.6%
- ------------------------------------------------------------------------------------------------------------------------------------
Corporate
Property 9,271 0.56%
------------------------------------------------ ------------------------------------------------------------
TOTAL EQUITY
INVESTMENTS $528,160 $148,816 $152,786 $102,452 $43,243 $173,463 $178,947 $156,495 $43,680 $35,459 $1,572,772 94.48%
================================================ =============================================================
- ------------------------------------------------------------------------------------------------------------------------------------
Wtd Avg
Depreciable
Life (yrs): 36.4 33.5 33.5 34.7 35.5 32.4 35.1 34.8 31.6 34.6 34.6
Wtd Avg Period
Held (yrs): 6.4 6.2 6.2 5.9 6.8 4.7 6.5 5.2 5.2 6.8 6.0
- ------------------------------------------------------------------------------------------------------------------------------------
MORTGAGES
1 Arizona $ 4,633 $16,628 $ 21,261 1.28%
2 California 4,904 4,904 0.29%
3 Florida 11,408 $23,061 34,469 2.07%
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 2,742 2,742 0.16%
8 South Carolina 2,895 2,895 0.17%
9 Tennessee 18,207 18,207 1.09%
------------------------------------------------ -------------------------------------------------------------
TOTAL MTG.
INVESTMENTS $ -- $ -- $ -- $ -- $ -- $ 32,385 $ 19,761 $ -- $23,061 $16,628 $ 91,835 5.52%
------------------------------------------------ -------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SAME FACILITY NOI GROWTH FOR MORTGAGES: 0.7%
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL
INVESTMENTS $528,160 $148,816 $152,786 $102,452 $43,243 $205,848 $198,708 $156,495 $66,741 $52,087 $1,664,607 100.00%
================================================ =============================================================
PERCENT OF
$ INVESTED 31.907% 8.990% 9.230% 6.189% 2.612% 12.435% 12.004% 9.454% 4.032% 3.147% 100.00%
================================================ =============================================================
NUMBER OF
PROPERTIES 60 27 12 13 12 38 36 9 6 5 218
================================================ =============================================================
NUMBER OF
BEDS 2,794 3,719 773 1,193 374 8,853
=============================================================
(1) 3 facility types <2% each.
(2) 4 facility types <2% each.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 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- Invest- Proper- Total
ties Investment ties ment ties Investment Commitments Total Percent
-------------------------------------------------------------------------------------------
PUBLIC OR INVESTMENT GRADE OPERATORS/
SIGNIFICANT TENANTS
- -------------------------------------
1 Healthsouth 27 $ 276,718 27 $ 276,718 $ 276,718 16.33%
2 HCA 23 203,788 23 203,788 203,788 12.03%
3 Tenet Healthcare Corporation 13 108,952 13 108,952 108,952 6.43%
4 Emeritus Corporation 12 72,975 12 72,975 72,975 4.31%
5 Baptist Memorial Healthcare
Corporation 5 60,946 5 60,946 $ 4,171 65,117 3.84%
6 Baylor Health Systems 1 6,421 1 6,421 25,943 32,364 1.91%
7 Methodist Healthcare System 4 26,535 4 26,535 26,535 1.57%
8 Vanguard Health System 2 26,200 2 26,200 26,200 1.55%
9 Triad Hospitals, Inc. 4 22,934 4 22,934 22,934 1.35%
10 Hawaii Pacific Health 2 20,699 2 20,699 20,699 1.22%
11 Ephrata Community Hospital 3 20,620 3 20,620 20,620 1.22%
12 MedCath Corporation 1 3,612 1 $16,628 2 20,240 20,240 1.19%
13 Psychiatric Solutions, Inc. 2 19,881 2 19,881 19,881 1.17%
14 United Medical Center 1 18,697 1 18,697 18,697 1.10%
15 KS Management Services 1 17,314 1 17,314 17,314 1.02%
16-27 12 Operators With Less
than 1% Each 19 109,108 0 -- 19 109,108 -- 109,108 6.44%
-------------------------------------------------------------------------------------------
120 1,015,400 1 16,628 121 1,032,028 30,114 1,062,142 62.67%
-------------------------------------------------------------------------------------------
OTHER OPERATORS/SIGNIFICANT TENANTS
- -----------------------------------
28 Life Care Centers of America 10 $ 74,881 2 $15,596 12 $ 90,477 $ 90,477 5.34%
29 Summerville Senior Living 5 53,105 5 53,105 53,105 3.13%
30 Lewis-Gale Clinic, LLC 8 45,939 8 45,939 45,939 2.71%
31 Senior Lifestyles 4 43,630 4 43,680 43,680 2.58%
32 Multi-tenant 5 37,891 5 37,891 37,891 2.24%
33 Kerlan-Jobe Orthopaedic Clinic 1 32,475 1 32,475 32,475 1.92%
34 Melbourne Internal Medicine 4 28,554 4 28,554 28,554 1.69%
35 Trans Healthcare, Inc. 2 24,089 2 24,089 24,089 1.42%
36 Generations Management
Services, LLC 6 23,184 6 23,184 23,184 1.37%
37 Aston Care Systems, Inc. 2 23,061 2 23,061 23,061 1.36%
38 Ruxton Health Care 3 21,178 3 21,178 21,178 1.25%
39 M D Anderson 1 19,199 1 19,199 19,199 1.13%
40-61 22 Operators With Less
than 1% Each 35 143,926 9 36,550 44 180,476 -- 180,476 10.65%
-------------------------------------------------------------------------------------------
84 $ 548,101 13 $75,207 97 $ 623,308 -- $ 623,308 36.78%
-------------------------------------------------------------------------------------------
Corporate Property 9,271 9,271 9,271 0.55%
-------------------------------------------------------------------------------------------
204 $1,572,772 14 $91,835 218 $1,664,607 $30,114 $1,694,721 100.00%
===========================================================================================
(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 33 6 4 43 752,896 746,190 55,501 942,807 2,497,394 20.60%
2 Texas 30 30 1,296,722 165,000 540,580 2,002,302 16.51%
3 Tennessee 15 5 2 22 133,471 60,000 502,507 276,832 142,191 1,115,001 9.20%
4 Virginia 24 24 527,428 472,388 111,998 1,111,814 9.17%
5 Pennsylvania 20 20 722,053 117,997 840,050 6.93%
6 California 12 1 13 184,913 481,205 50,000 716,118 5.91%
7 Alabama 10 10 507,530 507,530 4.19%
8 Michigan 8 1 9 315,227 49,408 364,635 3.01%
9 Connecticut 1 31 32 59,387 258,017 317,404 2.62%
10 Missouri 10 10 201,167 106,146 307,313 2.53%
11 Nevada 3 3 43,579 198,064 241,643 1.99%
12 Georgia 5 1 6 138,599 58,030 40,000 236,629 1.95%
13 Colorado 3 3 225,094 225,094 1.86%
14 Arizona 4 2 6 74,507 75,621 60,078 210,206 1.73%
15 Mississippi 3 3 6 25,000 94,987 73,670 193,657 1.60%
16 Hawaii 2 2 142,116 142,116 1.17%
17 Wyoming 1 1 2 139,647 139,647 1.15%
18 Oklahoma 5 5 139,216 139,216 1.15%
19 Louisiana 2 2 129,770 129,770 1.07%
20 Kansas 2 2 57,035 70,908 127,943 1.06%
21 Illinois 3 3 115,100 115,100 0.95%
22 New Jersey 2 2 110,844 110,844 0.91%
23 Massachusetts 2 2 92,742 92,742 0.76%
24 Oregon 0 1 1 80,429 80,429 0.66%
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 5,830,335 225,000 3,876,156 776,018 1,417,031 12,124,540 100.00%
==============================================================================
TOTAL PROPERTIES 204 46 14 264
=============================
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 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 1,096,588 165,000 2,412,044 3,673,632 30.30%
Medical Office Buildings 237,735 60,000 454,336 746,617 1,498,688 12.36%
Skilled Nursing Facilities 1,266,081 191,599 1,457,680 12.02%
Assisted Living Facilities 1,051,722 380,707 1,432,429 11.81%
Independent Living Facilities 308,742 835,147 1,143,889 9.43%
Physician Clinics 649,448 281,813 931,261 7.68%
Comprehensive Ambulatory Care Centers 96,857 691,012 787,869 6.50%
Inpatient Rehab Hospitals 643,383 643,383 5.31%
Other Outpatient Facilities 263,438 36,951 300,389 2.48%
Other Inpatient Facilities 216,341 29,401 9,578 255,320 2.11%
----------------------------------- ----------------------------------------------
TOTAL SQUARE FEET 5,830,335 225,000 3,876,156 776,018 1,417,031 12,124,540 100.00%
=================================== ==============================================
PERCENT OF TOTAL SQUARE FOOTAGE 48.09% 1.86% 31.97% 6.40% 11.69% 100.00%
=================================== =====================================
TOTAL NUMBER OF PROPERTIES 140 2 62 46 14 264
=================================== =====================================
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 Healthsouth 1,124,390 136,625 1,261,015 10.40%
2 HCA 536,067 702,916 1,238,983 10.22%
3 Baptist Memorial Healthcare Corporation 60,000 366,523 350,502 777,025 6.41%
4 Tenet Healthcare Corporation 258,485 420,346 29,401 708,232 5.84%
5 Emeritus Corporation 502,119 502,119 4.14%
6 Stamford Health Systems 258,017 258,017 2.13%
7 Methodist Healthcare System 222,688 222,688 1.84%
8 Vanguard Health System 194,803 194,803 1.61%
9 Baylor Health Systems 165,000 165,000 1.36%
10 Psychiatric Solutions, Inc. 153,341 153,341 1.26%
11 Triad Hospitals, Inc. 146,971 146,971 1.21%
12 Hawaii Pacific Health 142,116 142,116 1.17%
13 United Medical Center 139,647 139,647 1.15%
14 Pendleton Memorial Methodist Hospital 129,770 129,770 1.07%
15 Labcorp of America 129,294 129,294 1.07%
16-28 13 Operators with Square Feet Less Than 1% 327,955 - 488,302 - 9,578 825,835 6.81%
----------------------------------- ------------------------------------------
TOTAL 3,373,425 225,000 2,748,933 637,920 9,578 6,994,856 57.69%
----------------------------------- ------------------------------------------
OTHER OPERATOR/SIGNIFICANT TENANT
- ---------------------------------
29 Aston Care Systems, Inc 835,147 835,147 6.89%
30 Life Care Centers of America 563,379 131,813 695,192 5.73%
31 Lewis-Gale Clinic, LLC 472,388 472,388 3.90%
32 Senior Lifestyles 308,742 308,742 2.55%
33 Summerville Senior Living 292,231 292,231 2.41%
34 Multi-tenant 26,000 220,537 246,537 2.03%
35 Centennial Healthcare Corporation 151,172 151,172 1.25%
36 Melbourne Internal Medicine 140,125 140,125 1.16%
37 HSI 139,216 139,216 1.15%
38 Prestige Care 129,618 129,618 1.07%
39 M D Anderson 129,495 129,495 1.07%
40-64 25 Operators with Square Feet Less Than 1% 836,045 - 304,803 138,098 310,875 1,589,821 13.11%
----------------------------------- ------------------------------------------
TOTAL 2,456,910 - 1,127,223 138,098 1,407,453 5,129,684 42.31%
----------------------------------- ------------------------------------------
TOTAL SQUARE FEET 5,830,335 225,000 3,876,156 776,018 1,417,031 12,124,540 100.00%
=================================== ==========================================
10) ASSISTED LIVING FACILITY OCCUPANCY
ALF Revenue
For the Three % of ALF
Number of Months Ended Revenue to
Occupancy Facilities 12/31/03 Total Revenue
-------------------------------------------------------------
0% to 24.9% 0 $0 0.0%
25% to 49.9% 1 166 0.3%
50% to 69.9% 7 492 1.0%
70% to 84.9% 9 903 1.8%
85% to 100.0% 21 2,761 5.5%
--------------------------------------
38 $4,322 8.7%
======================================
NOTE: Occupancy rates are generally as of September 30, 2003 and revenues are
for the three months ended December 31, 2003.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 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 5 2 $ 3,937 2.36% 0.00
2004 10 102 13,103 7.84% 0.05
2005 3 106 9,168 5.49% 0.07
2006 3 88 9,474 5.67% 0.13
2007 6 51 9,375 5.61% 0.23
2008 14 48 15,154 9.07% 0.50
2009 22 11 23,999 14.37% 0.82
2010 15 9 12,943 7.75% 0.61
2011 8 16 19,181 11.48% 0.57
2012 8 4 8,068 4.83% 0.41
2013 27 6 24,915 14.91% 1.54
2014 1 6 1,902 1.14% 0.07
2015 8 0 4,819 2.88% 0.41
After 2015 5 10 11,012 6.59% 1.35
---------------------------------------------------------------------------------
TOTAL 135 459 $167,050 100.00% 6.77
=================================================================================
NUMBER OF PROPERTIES REPRESENTED: 204
B) MORTGAGES
Weighted
Average
Estimated Percent of Remaining
Number of Annualized Annualized Mortgage
Mortgages Net Revenue Net Revenue Term (Years)
---------------------------------------------------------------
2003 4 $ 1,572 13.64% 0.00
2004 1 2,203 19.11% 0.15
2005 2 709 6.15% 0.16
2006 3 4,560 39.57% 0.78
2007 0 -- 0.00% 0.00
2008 2 861 7.47% 0.36
2009 1 549 4.76% 0.33
2010 0 -- 0.00% 0.00
2011 0 -- 0.00% 0.00
2012 0 -- 0.00% 0.00
2013 1 1,071 9.29% 1.36
2014 0 -- 0.00% 0.00
After 2014 0 -- 0.00% 0.00
---------------------------------------------------------------
TOTAL 14 $11,525 100.00% 3.15
===============================================================
12) CONSTRUCTION IN PROGRESS - AS OF DECEMBER 31, 2003
Investment Remaining Total
Operator Properties Balance Commitment Real Estate (1)
--------------------------------- ---------------------------------------------------------
Baptist Collierville 1 $ 6,777 $ 4,171 $10,948
Baylor Medical Center at Plano 1 6,421 25,943 32,364
------------------------------------------------------
TOTAL 2 $13,198 $30,114 $43,312
======================================================
Percentage of construction in progress to total investment portfolio: 0.79%
=======
(1) Projected Timing of Conversion to Revenue Producing Assets:
2003 2004 2005
-----------------------------------------------------------
QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR1 Total
-----------------------------------------------------------
$0 $0 $10,948 $0 $0 $32,364 $43,312
===========================================================
(2) During the three and twelve months ending December 31, 2003,
the Company capitalized interest in the amount of $195 and
$724, respectively.
(3) Developments announced, but construction has not yet
commenced:
Approximate Estimated Estimated
Project Commitment Start Completion
--------------- -------------------------------------
Baylor/Irving $21,810 Q1-04 Q2-05
--------
TOTAL $21,810
========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 8 OF 13
13) LONG-TERM DEBT INFORMATION - AS OF DECEMBER 31, 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 310,535 7.218% See Note (C)
Mortgage Notes Payable 53,413 Range from 7.22% to 7.76% See Note (D)
Other Note Payable 2,333 7.53%
---------
436,281
---------
Variable Rate Debt: (See Note C)
Unsecured Credit Facility due 2006 154,000 1.10% over LIBOR See Note (E)
---------
154,000
---------
TOTAL $590,281
=========
B) FUTURE MATURITIES:
2009
2004 2005 2006 2007 2008 and After Total
------------------------------------------------------------------------
Fixed Rate Debt:
Senior Notes due 2006 $20,300 $ 20,300 $ 29,400 $ -- $ -- $ -- $ 70,000
Senior Notes due 2011, net 1,697 1,822 1,956 2,099 2,254 300,707 310,535
Mortgage Notes Payable 3,474 3,748 4,037 4,349 4,681 33,124 53,413
Other Note Payable 1,166 1,167 -- -- -- -- 2,333
Variable Rate Debt:
Unsecured Credit Facility due 2006 -- 154,000 -- -- -- 154,000
------------------------------------------------------------------------
$26,637 $ 27,037 $189,393 $6,448 $6,935 $333,831 $590,281
========================================================================
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 prepaid three mortgage notes
payable totaling $15.4 million, resulting in a 1% prepayment
penalty. The three notes bore 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
and the Unsecured Credit Facility due 2006.
Fitch Ratings has assigned a "BBB" credit rating to the
Company's Senior Notes due 2006 and 2011.
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 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
Third Quarter 2003 Dec. 4, 2003 0.625 0.005 2.50
Fourth Quarter 2003 Mar. 4, 2004 0.630 0.005 2.52
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 2003 CASH
DISTRIBUTIONS
Cash Taxable Total
Distribution Ordinary Return of Capital
Per Share Dividend Capital Gain
-----------------------------------------------------------------
HR COMMON $2.470000 $1.497420 $0.972580 $ --
CUSIP # 421946104
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 AND TWELVE MONTHS ENDED DEC 31, 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 TWELVE MONTHS
ENDED DEC 31, ENDED DEC 31,
--------------------------- ---------------------------
2003 2002 2003 2002
---------- ---------- ---------- ----------
TOTAL COMMON SHARES OUTSTANDING 42,823,916 41,823,564 42,823,916 41,823,564
=========================== ===========================
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 42,812,706 42,092,529 42,248,606 41,919,834
Actual Restricted Stock Shares (1,119,324) (945,302) (1,119,324) (945,302)
--------------------------- ---------------------------
DENOMINATOR SHARES FOR BASIC COMMON SHARE EPS AND FFO 41,693,382 41,147,227 41,129,282 40,974,532
Restricted Shares - Treasury 533,977 537,197 600,179 539,516
Dilution for Convertible Debentures 0 0 0 0
Dilution for Employee Stock Purchase Plan 49,452 62,612 50,627 92,020
--------------------------- ---------------------------
DENOMINATOR SHARES FOR DILUTED COMMON SHARE EPS AND FFO 42,276,811 41,747,036 41,780,088 41,606,068
=========================== ===========================
Note 1: As of December 31, 2003, HR had approximately 1,908 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
DECEMBER 31, 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 20,219 38,418 0 0 58,637
Directors as a group 47,672 3,000 0 0 50,672
------------------------------------------------------------------------------
Total 223,535 1,117,345 167,500 0 1,508,380
==============================================================================
(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 SEPTEMBER 30, 2003
A) Institutional Shares Held: 20,673,804 (Source: Form 13F Filings)
===========
B) Number of Institutions: 153
===========
C) Percentage of Common Shares Outstanding: 48.29%
===========
18) BOOK VALUE PER COMMON SHARE
Total Stockholders' Equity $ 903,450
Total Common Shares Outstanding 42,823,916
-----------
Book Value Per Common Share $ 21.10
===========
HEALTHCARE REALTY TRUST
SUPPLEMENTAL DATA REPORT
THREE AND TWELVE MONTHS ENDED DEC 31, 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 - Tennessee
Eastern Regional Office - Georgia
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
John M. Bryant, Jr., Senior 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
Donald L. Husi, Vice President / Senior Living Asset
Administration
Leigh Ann Stach, Vice President / Financial Reporting
Roger O. West, Vice President
B. Douglas Whitman, Vice President / Real Estate Investments
Brince R. Wilford, Vice President / Real Estate Investments
William R. Davis, Associate Vice President / Information
Technology
Toni L. Ewing, Associate Vice President / Asset Administration
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 AND TWELVE MONTHS ENDED DEC 31, 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 $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 2004 DIVIDEND AND EARNINGS PRESS RELEASES:
DIVIDEND EARNINGS
----------------- ----------------
First Quarter 2004 April 27, 2004 April 30, 2004
Second Quarter 2004 July 27, 2004 July 30, 2004
Third Quarter 2004 October 26, 2004 October 29, 2004
Fourth Quarter 2004 January 25, 2005 January 28, 2005
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 AND TWELVE MONTHS ENDED DEC 31, 2003 PAGE 13 OF 13