Carla Baca
Director of Corporate Communications
P: 615.269.8175
News Release
HEALTHCARE REALTY TRUST REPORTS RESULTS FOR THE FOURTH QUARTER

NASHVILLE, Tennessee, February 14, 2018 - Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the fourth quarter ended December 31, 2017. The Company reported a net loss of $37.2 million or $0.31 per diluted common share for the quarter, which includes a loss on extinguishment of debt totaling $45.0 million related to the early repayment of debt. Normalized FFO for the three months ended December 31, 2017 totaled $46.8 million, or $0.38 per diluted common share. Normalizing items include acquisition and pursuit costs as well as one-time charges related to debt refinancing activities.

Salient quarterly highlights include:
For the trailing twelve months ended December 31, 2017, same store revenue grew 3.4%, operating expenses increased 2.3%, and same store NOI grew 4.1%:
Same store revenue per average occupied square foot increased 2.8%.
Average same store occupancy increased 50 basis points to 89.4% from 88.9%.
Four predictive growth measures in the same store multi-tenant portfolio:
In-place contractual rent increases averaged 2.80%, up from 2.69% a year ago.
Weighted average cash leasing spreads were 3.7% on 367,000 square feet renewed:
13% (<0% spread)
12% (0-3%)
48% (3-4%)
27% (>4%)
Tenant retention was 81.9%.
The average yield on renewed leases increased 60 basis points.
Leasing activity in the fourth quarter totaled 546,000 square feet related to 152 leases:
395,000 square feet of renewals
151,000 square feet of new and expansion leases
Acquisitions totaled $246.6 million in the fourth quarter, comprising 662,000 square feet at an aggregate leased percentage of 95%:
The Company completed the purchase of eight medical office buildings from the previously announced Atlanta portfolio transaction for an aggregate purchase price of $193.8 million. The buildings total 496,000 square feet and are 96% leased. Seven of the buildings are located on three WellStar hospital campuses, and the eighth is 100% leased to Piedmont Healthcare.


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HEALTHCAREREALTY.COM  | PAGE 1 OF 6

The following information was filed by Healthcare Realty Trust Inc (HR) on Wednesday, February 14, 2018 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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