EXHIBIT 99.1

                        (HEALTHCARE REALTY TRUST LOGO)





                                  NEWS RELEASE



     Contact: Bethany A. Mancini, Corporate Communications, (615) 269-8175


                       HEALTHCARE REALTY TRUST ANNOUNCES
                        SECOND QUARTER DIVIDEND INCREASE

       COMPANY REPORTS FORTY-FOURTH CONSECUTIVE COMMON DIVIDEND INCREASE

         NASHVILLE, Tennessee, July 27, 2004 -- Healthcare Realty Trust
Incorporated (NYSE:HR) today announced its forty-fourth consecutive common
stock dividend increase for the quarter ended June 30, 2004. This dividend, in
the amount of $0.640 per share, represents an increase of $0.005 per share over
the dividend paid for the quarter ended March 31, 2004. The dividend is payable
on September 2, 2004 to shareholders of record on August 16, 2004. At this
rate, quarterly dividends approximate an annualized dividend payment of $2.56
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 March 31, 2004, the Company had investments of
approximately $1.7 billion in 228 real estate properties or mortgages, totaling
approximately 11.8 million square feet. The Company's portfolio was comprised
of six major facility types, located in 30 states. The Company provided
property management services to approximately 5.2 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, 2003. 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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