HEALTHCARE REALTY TRUST INC - FORM 8-K - EX-99.2

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8-K - FORM 8-K - HEALTHCARE REALTY TRUST INC	g27815e8vk.htm
EX-99.1 - EX-99.1 - HEALTHCARE REALTY TRUST INC	g27815exv99w1.htm

Exhibit 99.2

SUPPLEMENTAL INFORMATION
Three Months Ended June 30, 2011
Furnished as of August 8, 2011
(Unaudited)

Copies of this report may be obtained at www.healthcarerealty.com or by contacting Investor Relations at 615.269.8175 or communications@healthcarerealty.com.

In addition to the historical information contained within, the matters discussed in this report may contain forward-looking statements that involve estimates, assumptions, risks and uncertainties. These risks are discussed in filings with the Securities and Exchange Commission by Healthcare Realty Trust, including its Annual Report on Form 10-K for the year ended December 31, 2010 under the heading “Risk Factors,” and as updated in its Quarterly Reports on Form 10-Q filed thereafter. Forward-looking statements represent the Company’s judgment as of the date of this report. The Company disclaims any obligation to update these estimates, assumptions and other forward-looking material.



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 1 of 12

TABLE OF CONTENTS


Schedule 1 - Corporate Information			3
Schedule 2 - Condensed Consolidated Balance Sheets			5
Schedule 3 - Selected Balance Sheet Information			6
Schedule 4 - Investment Progression			7
Schedule 5 - Investment Activity			8
Schedule 6 - Investment by Type and Geographic Location			9
Schedule 7 - Square Feet Owned and/or Managed			10
Schedule 8 - Lease and Occupancy Information			12



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 2 of 12

SCHEDULE 1
CORPORATE INFORMATION

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. The Company had investments of approximately $2.7 billion in 216 real estate properties and mortgages as of June 30, 2011, excluding assets classified as held for sale and including an investment in one unconsolidated joint venture. The Company’s 203 owned real estate properties, excluding assets classified as held for sale, are located in 28 states and total approximately 13.4 million square feet. The Company provides property management services to approximately 9.2 million square feet nationwide.

A) Corporate Headquarters:

Healthcare Realty Trust Incorporated
3310 West End Avenue, Suite 700
Nashville, TN 37203
Phone: 615.269.8175
Fax: 615.269.8461

E-mail: communications@healthcarerealty.com

Website: www.healthcarerealty.com

B) Executive Officers:

David R. Emery
Chairman of the Board and Chief Executive Officer

John M. Bryant, Jr.,
Executive Vice President and General Counsel

Scott W. Holmes
Executive Vice President and Chief Financial Officer

Todd J. Meredith
Executive Vice President — Investments

B. Douglas Whitman, II
Executive Vice President — Corporate Finance

C) Board of Directors:

David R. Emery
Chairman of the Board and Chief Executive Officer, Healthcare Realty Trust Incorporated

Errol L. Biggs, Ph.D.,
Director, Graduate Programs in Health Administration, University of Colorado

C. Raymond Fernandez, M.D.,
Former Chief Executive Officer, Piedmont Clinic (Retired)

Batey M. Gresham, Jr., A.I.A.,
Founder, Gresham Smith & Partners

Edwin B. Morris III
Managing Director, Morris & Morse Company, Inc.

J. Knox Singleton
President and Chief Executive Officer, Inova Health System

Bruce D. Sullivan
Former Audit Partner, Ernst & Young LLP (Retired)

Dan S. Wilford
Former President and Chief Executive Officer, Memorial Hermann Healthcare System (Retired)

Roger O. West
Former General Counsel, Healthcare Realty Trust Incorporated (Retired)



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 3 of 12

SCHEDULE 1 (CONTINUED)
CORPORATE INFORMATION

D) Professional Services:

Independent Registered Public Accounting Firm
BDO USA, LLP
414 Union Street, Suite 1800

Nashville, TN 37219

Transfer Agent

Wells Fargo N.A.
Shareowner Services

161 North Concord Exchange
South St. Paul, MN 55075-1139

E) Stock Exchange, Symbol and CUSIP Number:


Security Description	Stock Exchange	Symbol	CUSIP Number
Common Stock	NYSE	HR		421946104
Senior Notes due 2014	OTC	HR	421946AF1
Senior Notes due 2017	OTC	HR	42225BAA44
Senior Notes due 2021	OTC	HR	421946AG9

F) Dividend Reinvestment Plan:

Through the Company’s transfer agent, Wells Fargo, named shareholders of record can re-invest dividends in shares at a 5% discount and may also purchase up to $60,000 of HR common stock per calendar year without a service or sales charge. For information, write Wells Fargo Shareowner Services, P.O. Box 64854, St. Paul, MN 55164-0856, or call 1.800.468.9716. Information may also be obtained at the transfer agent’s website, www.shareowneronline.com.

G) Direct Deposit of Dividends:

Direct deposit of dividends is offered as a convenience to shareholders of record. For information, write Wells Fargo Shareowner Services, P.O. Box 64854, St. Paul, MN 55164-0856, or call 1.800.468.9716. Information may also be obtained at the transfer agent’s website, www.shareowneronline.com.

H) Dividends Declared:

On August 2, 2011, the Company declared a dividend of $0.30 per share, payable on September 1, 2011 to stockholders of record on August 18, 2011.

I) Analyst Coverage

Avondale Partners LLC
BMO Capital Markets Corp.
Cowen & Co. LLC
Davenport & Co. LLC
Deutsche Bank Securities Inc.
J.J.B. Hilliard W.L. Lyons LLC
J.P. Morgan Securities LLC
Jefferies & Co.
JMP Securities LLC
KeyBanc Capital Markets Inc.
Morgan Keegan & Co.
RBC Capital Markets Corp
Robert W. Baird & Co.
Stifel Nicolaus & Co.
UBS Investment Bank
Wells Fargo Securities LLC



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 4 of 12

SCHEDULE 2
CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)


	June 30,			December 31,
	2011			2010
ASSETS

Real estate properties:
Land	$	165,759		$	163,020
Buildings, improvements, and lease intangibles		2,326,632			2,310,404
Personal property		18,116			17,919
Construction in progress		104,741			80,262

		2,615,248			2,571,605
Less accumulated depreciation		(486,572	)		(484,641	)

Total real estate properties, net		2,128,676			2,086,964

Cash and cash equivalents		17,776			113,321

Mortgage notes receivable		122,603			36,599

Assets held for sale and discontinued operations, net		16,485			23,915

Other assets, net		100,641			96,510


Total assets	$	2,386,181		$	2,357,309


LIABILITIES AND EQUITY

Liabilities:
Notes and bonds payable	$	1,251,629		$	1,407,855

Accounts payable and accrued liabilities		66,768			62,652

Liabilities of discontinued operations		215			423

Other liabilities		50,741			43,639


Total liabilities		1,369,353			1,514,569

Commitments and contingencies

Equity:
Preferred stock, $.01 par value; 50,000,000 shares authorized; none issued and outstanding		—			—

Common stock, $.01 par value; 150,000,000 shares authorized; 76,467,850 and 66,071,424 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively		765			661

Additional paid-in capital		1,865,441			1,641,379

Accumulated other comprehensive loss		(5,269	)		(5,269	)

Cumulative net income attributable to common stockholders		792,387			796,165

Cumulative dividends		(1,636,496	)		(1,593,926	)


Total stockholders’ equity		1,016,828			839,010

Noncontrolling interests		—			3,730


Total equity		1,016,828			842,740


Total liabilities and equity	$	2,386,181		$	2,357,309



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 5 of 12

SCHEDULE 3
SELECTED BALANCE SHEET INFORMATION
(dollars in thousands)


	2011				2010
	Q2		Q1		Q4		Q3		Q2		Q1
Real estate properties, gross ⁽¹⁾	$	2,615,248	$	2,597,963	$	2,571,605	$	2,397,218	$	2,280,638	$	2,260,399
Real estate properties, net ⁽¹⁾		2,128,676		2,092,179		2,086,964		1,923,098		1,812,162		1,808,947
Construction in progress		104,741		98,590		80,262		58,070		125,021		107,691
Mortgage notes receivable		122,603		88,171		36,599		27,134		23,423		22,632
Assets held for sale and discontinued operations, net		16,485		16,694		23,915		17,592		1,049		1,553
Total assets		2,386,181		2,296,712		2,357,309		2,069,863		1,930,449		1,932,702
Notes and bonds payable ⁽²⁾		1,251,629		1,293,086		1,407,855		1,138,200		1,007,725		1,035,059
Total stockholders’ equity		1,016,828		902,447		839,010		819,290		821,135		788,741
Noncontrolling interests		—		—		3,730		3,719		3,891		3,950
Total equity		1,016,828		902,447		842,740		823,009		825,026		792,691


(1)		Includes construction in progress.

(2)		Summary of Indebtedness:


	Balance		Months to		Effective
	as of June 30, 2011		Maturity		Interest Rate

Senior Notes due 2014, net of discount	$	264,298		34		5.19	%
Senior Notes due 2017, net of discount		298,340		67		6.62	%
Senior Notes due 2021, net of discount		396,930		115		5.86	%

Total Senior Notes Outstanding		959,568		78		5.91	%
Unsecured credit facility due 2012		123,000		15		2.99	%
Mortgage notes payable, net		169,061		67		6.79	%

Total Outstanding Notes and Bonds Payable	$	1,251,629		70		5.74	%



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 6 of 12

SCHEDULE 4
INVESTMENT PROGRESSION ⁽¹⁾
(dollars in thousands)

Construction in Progress


			Three					Six
	Number of		Months Ended			Number of		Months Ended
	Properties		June 30, 2011			Properties		June 30, 2011
Balance at beginning of period		3	$	98,590			3	$	80,262
Fundings on projects in existence at the beginning of the period		—		16,796			—		35,124
Completions (2)		—		(10,645	)		—		(10,645	)

Balance at end of period		3	$	104,741			3	$	104,741


B) Real Estate Properties

			Three					Six
	Number of		Months Ended			Number of		Months Ended
	Properties		June 30, 2011			Properties		June 30, 2011
Balance at beginning of period		199	$	2,499,373			198	$	2,491,343
Acquisitions (3)		1		32,021			1		32,021
Additions/Improvements		—		8,454			—		15,407
Completions (CIP) (2)		—		10,645			—		10,645
Elimination of accumulated depreciation on fully depreciated intangible assets		—		(39,986	)		—		(39,986	)
Assets previously classified as held for sale reclassified to held for use		—		—			1		1,077

Balance at end of period		200	$	2,510,507			200	$	2,510,507


C) Mortgage Notes Receivable

			Three					Six
	Number of		Months Ended			Number of		Months Ended
	Investments		June 30, 2011			Investments		June 30, 2011
Balance at beginning of period		10	$	88,171			7	$	36,599
Fundings of new mortgages (4)		2		23,976			5		68,089
Fundings on mortgages in existence at the beginning of the period		—		10,386			—		17,753
Scheduled principal payments		—		(22	)		—		(22	)
Amortization of loan origination fee		—		92			—		184

Balance at end of period		12	$	122,603			12	$	122,603


(1)		Balances exclude investments in one unconsolidated joint venture and properties classified as held for sale.

(2)		During the second quarter of 2011, the Company substantially completed and placed in service a garage associated with two medical office buildings currently under construction in Colorado which are scheduled to be substantially completed in the fourth quarter of 2011 and the first quarter of 2012.

(3)		During the second quarter of 2011, the Company acquired a medical office building in Virginia.

(4)		During the second quarter of 2011, the Company provided initial funding for two construction mortgage notes receivable for a medical office building in Oklahoma and a surgical inpatient facility in Missouri.



Healthcare Realty Trust Incorporated		Page 7 of 12
Supplemental Inforamtion
Three Months Ended June 30, 2011

SCHEDULE 5
INVESTMENT ACTIVITY

YTD 2011 INVESTMENT ACTIVITY


									Amount Invested
									During Six		Estimated		Estimated
	Property	Investment	Initial		Estimated				Months Ended		Remaining		Total		Approximate
Location	Type	Type	Closing		Completion		Properties		June 30, 2011		Fundings		Investment		Square Feet

Des Moines, IA	Other	Mortgage		1/3/2011	NA			1	$	40,000	$	—	$	40,000		60,000
Grandview, MO	MOB	Constr. Mortg.		3/24/2011		4Q 2011		1		1,413		2,322		3,735		18,500
Richmond, VA	MOB	Acquisition		6/30/2011	NA			1		32,021		—		32,021		142,015
Edmond, OK (Oklahoma City)	MOB	Constr. Mortg. ⁽¹⁾		6/30/2011		2Q 2013		1		13,027		78,152		91,179		200,000
Springfield, MO	Inpatient	Constr. Mortg. ⁽¹⁾		6/30/2011		2Q 2013		1		10,949		100,486		111,435		186,000

								5	$	97,410	$	180,960	$	278,370		606,515

HISTORICAL INVESTMENT ACTIVITY


							Construction
				Mortgage			Mortgage			Development
	Acquisitions ⁽²⁾			Funding			Funding			Funding			Total

2008	$	315,665		$	—		$	36,970		$	74,085		$	426,720
2009		70,664			9,900			10,616			85,120			176,300
2010		301,600			3,700			20,740			63,301			389,341
YTD 2011		32,021			40,000			43,142			35,124			150,287

Total	$	719,950		$	53,600		$	111,468		$	257,630		$	1,142,648

% of Total		63	%		5	%		10	%		22	%		100	%

DEVELOPMENT PROPERTIES


			Amount Funded		Total											Q2 2011
			During Three		Amount		Estimated		Estimated							Aggregate
			Months Ended		Funded Through		Remaining		Total		Approximate		Aggregate			NOI
	Properties		June 30, 2011		June 30, 2011		Fundings		Investment		Square Feet		Leased %			($000s)
Construction in progress⁽³⁾		3	$	14,797	$	83,968	$	52,487	$	136,455		377,723		32	%	$	—
Mortgage construction loans		8		34,362		61,551		217,815		279,366		619,552		100	%		533
Stabilization in progress		8		1,660		235,026		9,774		244,800		808,140		29	%		(945	)

Land held for development⁽⁴⁾		—		—		20,773		—		—		—		—			—

Total		19	$	50,819	$	401,318	$	280,076	$	660,621		1,805,415		54	%	$	(412	)


(1)		These construction mortgages are scheduled to be funded over 28 months, and HR has an obligation to purchase the properties upon substantial completion at a price equal to the amount outstanding under the mortgage notes.

(2)		Net of mortgage notes receivable payoffs upon acquisition.

(3)		In June 2011, the Company substantially completed and placed into service a garage totaling $10.6 million associated with two medical office buildings in Lakewood, CO currently under construction.

(4)		Included in construction in progress on the Company’s Condensed Consolidated Balance Sheets.



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 8 of 12

SCHEDULE 6
INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION ^{(1) (2)}
(dollars in thousands)


			MOB/Outpatient (84.1%)												Inpatient (13.3%)									Other (2.6%)
			Stabilized			Development Properties
			Properties			Stabilization			CIP			Mortgages			Rehab			Surgical			Mortgages			Other			Mortgages			Total			% of Total
	1	Texas	$	576,421		$	61,209					$	8,136		$	19,523		$	92,000												757,289			27.8	%
	2	Florida		187,651									2,693			11,703															202,047			7.4	%
	3	Tennessee		159,538																				$	7,874						167,412			6.2	%
	4	Indiana		99,493															43,406												142,899			5.2	%
	5	North Carolina		143,097																											143,097			5.3	%
	6	California		112,259									14,905			12,688															139,852			5.1	%
	7	Iowa		86,388									9,540														$	40,000			135,928			5.1	%
	8	Pennsylvania		10,798												115,734															126,532			4.6	%
	9	Washington		59,514					$	63,175																					122,689			4.5	%
	10	Hawaii		22,633			84,886																								107,519			3.9	%
	11	Colorado		60,235			23,742			20,793																					104,770			3.8	%
	12	Arizona		34,287			39,271									16,012															89,570			3.3	%
	13	Virginia		72,568																					11,826						84,394			3.1	%
	14	Illinois		37,097			25,918																								63,015			2.3	%
	15	Missouri		42,744									1,413								$	10,949									55,106			2.0	%
	16	Alabama		20,712												17,722									9,493						47,927			1.8	%
	17	District of Columbia		29,556																											29,556			1.1	%
	18	Michigan		21,602																											21,602			0.8	%
	19	Oregon		20,577																											20,577			0.8	%
	20	South Dakota																				21,940									21,940			0.8	%
	21	Georgia		13,653																											13,653			0.5	%
	22	Kansas		13,999																											13,999			0.5	%
	23	Ohio		14,500																											14,500			0.5	%
	24	Oklahoma											13,027																		13,027			0.5	%
	25	Louisiana		10,818																											10,818			0.4	%
	26	Massachusetts		12,105																											12,105			0.4	%
	27	Nevada		11,902																											11,902			0.4	%
	28	South Carolina		10,953																											10,953			0.4	%
	29	Maryland		8,984																											8,984			0.3	%
	30	Mississippi		8,379																											8,379			0.3	%

		Sub-total	$	1,902,463		$	235,026		$	83,968		$	49,714		$	193,382		$	135,406		$	32,889		$	29,193		$	40,000		$	2,702,041			99.1	%


Land held for development										20,773																					20,773			0.8	%
Unconsolidated joint venture																									1,266						1,266			0.1	%

		Total Investments	$	1,902,463		$	235,026		$	104,741		$	49,714		$	193,382		$	135,406		$	32,889		$	30,459		$	40,000		$	2,724,080			100.0	%


		Percent of $ Invested		69.9	%		8.6	%		3.8	%		1.8	%		7.1	%		5.0	%		1.2	%		1.1	%		1.5	%		100.0	%


		Number of Investments		174			8			3			9			12			2			2			5			1			216


(1)		Excludes assets held for sale and corporate property of $15,037.

(2)		Detail of lease type:


	Number of		Investment		Sq. Ft.
Owned	Properties		($000s)		(000s)

Multi-tenanted		160	$	2,020,328		11,021
Master lease		43		559,110		2,367
Mortgages		12		122,603		—

		215	$	2,702,041		13,388



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 9 of 12

SCHEDULE 7
SQUARE FEET OWNED AND/OR MANAGED ⁽¹⁾

By Geographic Location


			Number of Properties						Owned										Third Party
					Third Party				Managed				Development Properties				Master		Managed by
			Owned		Managed by HR		Total		by HR		by Third Party		Stabilization		CIP		Leases		HR		Total		Percent
	1	Texas		51				51		3,074,254		302,094		246,717				337,771				3,960,836		28.8	%
	2	Tennessee		16		5		21		1,260,260								75,000		251,394		1,586,654		11.6	%
	3	Florida		22				22		714,092		104,889						252,870				1,071,851		7.8	%
	4	North Carolina		14				14		724,291												724,291		5.3	%
	5	Virginia		9				9				278,442						339,777				618,219		4.5	%
	6	Colorado		7				7		192,280				161,099		186,672						540,051		3.9	%
	7	Indiana		5				5				382,695						175,999				558,694		3.9	%
	8	California		10				10		458,955								93,000				551,955		3.9	%
	9	Pennsylvania		7				7		63,914								437,601				501,515		3.7	%
	10	Arizona		10		1		11		202,082				179,963				51,903		59,106		493,054		3.6	%
	11	Washington		5				5		73,548						191,051		159,071				423,670		3.1	%
	12	Iowa		9				9				265,063						104,117				369,180		2.7	%
	13	Alabama		6				6		120,192		129,294						95,500				344,986		2.6	%
	14	Illinois		4				4		148,055				95,436				110,000				353,491		2.6	%
	15	Hawaii		3				3		173,502				124,925								298,427		2.2	%
	16	Michigan		3				3		199,749												199,749		1.5	%
	17	Missouri		5				5		177,039								13,478				190,517		1.4	%
	18	District of Columbia		2				2		182,836												182,836		1.3	%
	19	Louisiana		2				2				136,155										136,155		1.0	%
	20	Massachusetts		2				2										100,742				100,742		0.7	%
	21	Mississippi		1		1		2		58,036										40,192		98,228		0.7	%
	22	Georgia		3				3				58,030						20,749				78,779		0.6	%
	23	Ohio		1				1				73,331										73,331		0.5	%
	24	Kansas		1				1		70,908												70,908		0.5	%
	25	Oregon		1				1		62,246												62,246		0.5	%
	26	Maryland		1				1		58,903												58,903		0.4	%
	27	Nevada		2				2		18,147		31,026										49,173		0.4	%
	28	South Carolina		1				1		39,801												39,801		0.3	%

Total Properties / Square Feet				203		7		210		8,073,090		1,761,019		808,140		377,723		2,367,578		350,692		13,738,242		100.0	%


(1)		Mortgage notes receivable, an investment in one unconsolidated joint venture and assets classified as held for sale are excluded.



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 10 of 12

SCHEDULE 7 (CONTINUED)
SQUARE FEET OWNED AND/OR MANAGED ⁽¹⁾

By Facility Type


	Owned												Third Party
	Managed				Stabilization		Construction		Master		Total		Managed by
	by HR		by Third Party		in Progress		in Progress		Leases		Owned		HR		Total		Percent
Medical office/outpatient ⁽²⁾		8,073,090		1,505,298		808,140		377,723		1,204,336		11,968,587		350,692		12,319,279		89.7	%
Inpatient Rehab										798,072		798,072				798,072		5.8	%
Inpatient Surgical										273,770		273,770				273,770		2.0	%
Other				255,721						91,400		347,121				347,121		2.5	%

Total Square Feet		8,073,090		1,761,019		808,140		377,723		2,367,578		13,387,550		350,692		13,738,242		100.0	%

Percent of Total Square Footage		58.8 %		12.8 %		5.9 %		2.7 %		17.2 %		97.4 %		2.6 %		100.0 %
Total Number of Properties ⁽¹⁾		124		25		8		3		43		203		7		210

By Occupant


			Medical										% of Total
			Office /		Inpatient								Square
Occupants Greater than 1%			Outpatient		Rehab		Surgical		Other		Total		Feet
	1	Baylor Health Care System		816,115				156,245				972,360		7.3	%
	2	HealthSouth				695,286						695,286		5.2	%
	3	Carolinas Healthcare System		574,138								574,138		4.3	%
	4	HCA		403,441						16,400		419,841		3.1	%
	5	Catholic Health Initiatives		289,606								289,606		2.2	%
	6	Ascension Health Care System		200,169								200,169		1.5	%
	7	OrthoIndy		58,474				117,525				175,999		1.3	%
All Other Occupants Less than 1%				9,626,644		102,786		—		330,721		10,060,151		75.1	%

Total Square Feet				11,968,587		798,072		273,770		347,121		13,387,550		100.0	%


(1)		Mortgage notes receivable, an investment in one unconsolidated joint venture and assets classified as held for sale are excluded.

(2)		ON/OFF CAMPUS (% OF SQUARE FEET)


	2011									2010
	2Q			1Q			4Q			3Q			2Q			1Q
On/adjacent		70	%		69	%		66	%		66	%		64	%		64	%
Off		30	%		31	%		34	%		34	%		36	%		36	%

		100	%		100	%		100	%		100	%		100	%		100	%



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 11 of 12

SCHEDULE 8
LEASE AND OCCUPANCY INFORMATION

LEASE MATURITY SCHEDULE ⁽¹⁾


	Annualized		Number of		Percentage of
	Minimum Rents⁽²⁾		Leases		Revenues			Total Sq. Ft.
2011	$	16,359		237		7.0	%		643,656
2012		31,107		313		13.3	%		1,239,608
2013		35,296		279		15.1	%		1,292,308
2014		40,349		322		17.2	%		1,539,813
2015		19,769		200		8.4	%		917,870
2016		20,508		111		8.8	%		822,059
2017		18,961		73		8.1	%		921,001
2018		12,598		84		5.4	%		599,095
2019		5,842		29		2.5	%		203,811
2020		8,601		30		3.7	%		322,827
Thereafter		24,577		64		10.5	%		1,012,924

AVERAGE TENANT SIZE⁽¹⁾


	Number of Leases
Square	Multi-Tenant		Master Lease
Footage	Properties		Properties
0 - 2,500		914		0
2,501 - 5,000		446		0
5,001 - 7,500		132		2
7,501 - 10,000		64		3
10,001 +		144		37
Total Leases		1,700		42

The average lease size in the multi-tenant portfolio is 4,224 square feet.

WEIGHTED AVERAGE INCREASES IN LEASE RATES
FOR MULTI-TENANT PROPERTIES: ^{(1) (3)}


	2011						2010
	2Q			1Q			4Q			3Q			2Q			1Q
Contractual increases for in-place leases (“annual bumps”)		3.1	%		3.1	%		3.1	%		3.2	%		3.4	%		3.6	%
Newly executed leases (“cash leasing spreads”)		1.7	%		1.7	%		1.0	%		1.8	%		2.8	%		4.8	%

OCCUPANCY ⁽¹⁾


	Investment at		2011						2010
Facility Type	June 30, 2011		2Q			1Q			4Q			3Q			2Q			1Q
Medical office/outpatient	$	1,902,463		86	%		86	%		86	%		86	%		87	%		87	%
Inpatient		328,788		96	%		96	%		96	%		96	%		96	%		100	%
Other		29,193		76	%		76	%		76	%		84	%		89	%		93	%

Stabilized Occupancy^{(4) (5)}	$	2,260,444		87	%		86	%		87	%		87	%		88	%		89	%


Stabilization ^{(4) (5)}	$	235,026		17	%		16	%		23	%		22	%		22	%		16	%


Economic Occupancy^{(4) (5)}	$	2,495,470		82	%		82	%		82	%		82	%		83	%		84	%


(1)		Mortgage notes receivable, construction in progress an investment in one unconsolidated joint venture, corporate property and assets classified as held for sale are excluded.

(2)		Represents the annualized minimum rents on leases in-place, excluding the impact of potential lease renewals, future step-ups in rent, or sponsor support payments under financial support agreements and straight-line rent.

(3)		Represents historical rental rate increases and may not be indicative of future increases.

(4)		The economic and stabilized occupancies assume that properties under a Property Operating Agreement or Master Lease Agreement have 100% occupancy. The average underlying tenant occupancy of the eight properties under Property Operating Agreements, as directed by the respective sponsor, was approximately 63%. The economic occupancy includes and the stabilized occupancy excludes the eight development properties currently in stabilization. The properties in Stabilization are currently 29% leased. The difference between occupied and leased reflects tenants that have signed leases but have not taken occupancy due to buildout of their suite.

(5)		Occupancy percentage may be affected from quarter to quarter when a property is re-categorized from the “stabilization” group to the “stabilized” group.



Healthcare Realty Trust Incorporated
Supplemental Information
Three Months Ended June 30, 2011		Page 12 of 12

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