Carla Baca
Financial Communications
P: 615.269.8175
News Release
HEALTHCARE REALTY TRUST REPORTS NORMALIZED FFO OF $0.36 PER SHARE FOR THE FOURTH QUARTER

NASHVILLE, Tennessee, February 19, 2014
- Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the fourth quarter ended December 31, 2013. Normalized FFO for the three months ended December 31, 2013 totaled $0.36 per diluted common share. Normalized FAD for the three months ended December 31, 2013 totaled $0.37 per diluted common share.

Salient highlights include:
The twelve development properties currently in conversion are 80% leased, with occupancy increasing to 63% at year-end, and would have resulted in NOI of $3.4 million had all occupants been in place and paying rent for the entire quarter.
Acquisitions totaled $212.6 million for 2013, with an average leased percentage of 93%. During the fourth quarter, the Company purchased five properties totaling 374,000 square feet for a total purchase price of $102.6 million. The buildings are 94% leased and are located in markets where Healthcare Realty already has a presence including Seattle, Denver, Charlotte and Austin.
Dispositions totaled $20.5 million in the fourth quarter and $101.9 million for the year. 2013 dispositions include eight off-campus medical office buildings, four inpatient rehab facilities, and one land parcel.
Leases totaling 1,242,000 square feet were signed or renewed during the year with an average retention rate of 80%, and the Company maintained occupancy at 91% at its same store properties at year-end.
The leverage ratio was 42.0% and debt-to-EBITDA and fixed-charge coverage improved to 6.4 and 2.8 times, respectively.
A dividend of $0.30 per common share was declared for the fourth quarter of 2013, which is 81.1% of normalized FAD.
For the three months ended December 31, 2013, year-over-year revenues grew by $11.9 million to $90.1 million. The Company reported net income attributable to common stockholders for the quarter of $12.4 million.
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 $3.2 billion in 202 real estate properties and mortgages as of December 31, 2013. The Company's 198 owned real estate properties are located in 28 states and total approximately 13.9 million square feet. The Company provides property management services to approximately 10.3 million square feet nationwide.
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The following information was filed by Healthcare Realty Trust Inc (HR) on Wednesday, February 19, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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