Carla Baca
Director of Corporate Communications
P: 615.269.8175
News Release

NASHVILLE, Tennessee, November 1, 2017 - Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the third quarter ended September 30, 2017. The Company reported net income of $3.2 million or $0.02 per diluted common share for the quarter. Normalized FFO for the three months ended September 30, 2017 totaled $45.2 million, or $0.38 per diluted common share.

Salient quarterly highlights include:
For the trailing twelve months ended September 30, 2017, same store revenue grew 2.8%, operating expenses increased 0.9%, and same store NOI grew 3.9%:
Same store revenue per average occupied square foot increased 2.0%.
Average same store occupancy increased to 89.6% from 88.9%.
Four predictive growth measures in the same store multi-tenant portfolio:
In-place contractual rent increases averaged 2.8%, up from 2.7% a year ago.
Cash leasing spreads were 4.6% on 385,000 square feet renewed:
1% (<0% spread)
11% (0-3%)
52% (3-4%)
36% (>4%)
Tenant retention was 80.5%.
The average yield on renewed leases increased 60 basis points.
Leasing activity in the third quarter totaled 558,000 square feet related to 147 leases:
421,000 square feet of renewals
137,000 square feet of new and expansion leases
Acquisitions totaled $141.1 million since the end of the second quarter:
In July 2017, the Company purchased a medical office building on HCA's West Hills Hospital and Medical Center campus in Los Angeles for $16.3 million. The building is 43,000 square feet, 93% leased, and immediately adjacent to the West Hills Medical Center MOB that Healthcare Realty acquired in May 2016.
In November 2017, the Company closed on four of the eight medical office buildings from the previously announced Atlanta portfolio transaction for an aggregate purchase price of $112.1 million. The four properties are 96% leased and include two buildings totaling 151,000 square feet on the WellStar Paulding Hospital campus, one building totaling 118,000 square feet on the WellStar Kennestone Hospital campus, and one off-campus building totaling 20,000 square feet that is 100% leased to


The following information was filed by Healthcare Realty Trust Inc (HR) on Wednesday, November 1, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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