Exhibit 99.3

SUPPLEMENTAL INFORMATION

Three Months Ended September 30, 2011

Furnished as of November 1, 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 September 30, 2011		Page 1 of 12

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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 September 30, 2011		Page 2 of 12

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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 $2.9 billion in 219 real estate properties and mortgages as of September 30, 2011, excluding assets classified as held for sale and including an investment in one unconsolidated joint venture. The Company’s 208 owned real estate properties, excluding assets classified as held for sale, are located in 29 states and total approximately 13.9 million square feet. The Company provides property management services to approximately 10.0 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 September 30, 2011		Page 3 of 12

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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		4.22E+08
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 November 1, 2011, the Company declared a dividend of $0.30 per share, payable on December 1, 2011 to stockholders of record on November 17, 2011.

 

I)	Analyst Coverage

 

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

 

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

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SCHEDULE 2

CONDENSED CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except per share data)

 

		September 30, 2011				December 31, 2010
ASSETS
Real estate properties:
Land		$	164,768			$	163,020
Buildings, improvements, and lease intangibles			2,432,968				2,310,404
Personal property			17,516				17,919
Construction in progress			155,489				80,262
			2,770,741				2,571,605
Less accumulated depreciation			(506,344	)			(484,641	)
Total real estate properties, net			2,264,397				2,086,964
Cash and cash equivalents			4,054				113,321
Mortgage notes receivable			94,588				36,599
Assets held for sale and discontinued operations, net			16,519				23,915
Other assets, net			108,015				96,510
Total assets		$	2,487,573			$	2,357,309
LIABILITIES AND EQUITY
Liabilities:
Notes and bonds payable		$	1,349,882			$	1,407,855
Accounts payable and accrued liabilities			65,202				62,652
Liabilities of discontinued operations			249				423
Other liabilities			49,662				43,639
Total liabilities			1,464,995				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; 77,839,098 and 66,071,424 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively			779				661
Additional paid-in capital			1,893,878				1,641,379
Accumulated other comprehensive loss			(5,269	)			(5,269	)
Cumulative net income attributable to common stockholders			793,034				796,165
Cumulative dividends			(1,659,844	)			(1,593,926	)
Total stockholders’ equity			1,022,578				839,010
Noncontrolling interests			—				3,730
Total equity			1,022,578				842,740
Total liabilities and equity		$	2,487,573			$	2,357,309

 

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

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SCHEDULE 3

SELECTED BALANCE SHEET INFORMATION

(dollars in thousands)

 

		2011												2010
		Q3				Q2				Q1				Q4				Q3				Q2
Real estate properties, gross (1)		$	2,770,741			$	2,615,248			$	2,597,963			$	2,571,605			$	2,397,218			$	2,280,638
Real estate properties, net (1)			2,264,397				2,128,676				2,092,179				2,086,964				1,923,098				1,812,162
Construction in progress			155,489				104,741				98,590				80,262				58,070				125,021
Mortgage notes receivable			94,588				122,603				88,171				36,599				27,134				23,423
Assets held for sale and discontinued operations, net			16,519				16,485				16,694				23,915				17,592				1,049
Total assets			2,487,573				2,386,181				2,296,712				2,357,309				2,069,863				1,930,449
Notes and bonds payable (2)			1,349,882				1,251,629				1,293,086				1,407,855				1,138,200				1,007,725
Total stockholders’ equity			1,022,578				1,016,828				902,447				839,010				819,290				821,135
Noncontrolling interests			—				—				—				3,730				3,719				3,891
Total equity			1,022,578				1,016,828				902,447				842,740				823,009				825,026

 

(1)	Includes construction in progress.

(2)	Summary of Indebtedness:

 

		Balance as of September 30, 2011				Months to Maturity				Effective Interest Rate
Senior Notes due 2014, net of discount		$	264,334				31				5.19	%
Senior Notes due 2017, net of discount			298,402				64				6.62	%
Senior Notes due 2021, net of discount			396,991				112				5.86	%
Total Senior Notes Outstanding			959,727				75				5.91	%
Unsecured credit facility due 2012 (1)			175,000				12				3.03	%
Mortgage notes payable, net			215,155				74				6.34	%
Total Outstanding Notes and Bonds Payable		$	1,349,882				67				5.61	%

 

(1)	The unsecured credit facility due 2012 was replaced on October 14, 2011 with the Company’s new $700 million credit facility. The new $700 million credit facility matures on October 14, 2015 and currently has an effective interest rate of 1.73%.

 

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

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SCHEDULE 4

INVESTMENT PROGRESSION ⁽¹⁾

(dollars in thousands)

 

A)	Construction in Progress

 

		Number of Properties				Three Months Ended September 30, 2011				Number of Properties				Nine Months Ended September 30, 2011
Balance at beginning of period			3			$	104,741				3			$	80,262
Fundings on projects in existence at the beginning of the period			—				23,827				—				58,951
New projects started during the period (2)			1				4,982				1				4,982
Consolidation of construction in progress upon elimination of mortgage note receivable (3)			1				21,939				1				21,939
Completions			—				—				—				(10,645	)
Balance at end of period			5			$	155,489				5			$	155,489

 

B)	Real Estate Properties

 

		Number of Properties				Three Months Ended September 30, 2011				Number of Properties				Nine Months Ended September 30, 2011
Balance at beginning of period			200			$	2,510,507				198			$	2,491,343
Acquisitions (4)			4				100,146				5				132,047
Additions/Improvements			—				8,579				—				24,106
Completions (CIP)			—				—				—				10,645
Elimination of accumulated depreciation on fully depreciated intangible assets			—				—				—				(39,986	)
Assets previously classified as held for sale reclassified to held for use			—				—				1				1,077
Dispositions (5)			(1	)			(3,980	)			(1	)			(3,980	)
Balance at end of period			203			$	2,615,252				203			$	2,615,252

 

C)	Mortgage Notes Receivable

 

		Number of Investments				Three Months Ended September 30, 2011				Number of Investments				Nine Months Ended September 30, 2011
Balance at beginning of period			12			$	122,603				7			$	36,599
Fundings of new mortgages			—				—				5				75,985
Fundings on mortgages in existence at the beginning of the period			—				8,836				—				18,693
Repayments (6)			(1	)			(14,905	)			(1	)			(14,905	)
Scheduled principal payments			—				(7	)			—				(29	)
Elimination of mortgage note receivable upon consolidation of VIE (3)			(1	)			(21,939	)			(1	)			(21,939	)
Amortization of loan origination fee			—				—				—				184
Balance at end of period			10			$	94,588				10			$	94,588

 

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

(2)	During the third quarter of 2011, the Company began construction of a medical office building and parking garage located in Texas.

(3)

During the third quarter of 2011, the Company began consolidating the entity constructing an inpatient facility in South Dakota. The Company continues to fund the construction of the building and had previously recognized the funding as a mortgage note receivable on its consolidated financial statements. Funding for the quarter totaled $10,808.

(4)	During the third quarter of 2011, the Company acquired four medical office buildings in Virginia.

(5)	During the third quarter of 2011, the Company sold a medical office building in Florida that was not previously classified as held for sale.

(6)	During the third quarter of 2011, one mortgage note receivable was repaid.

 

Healthcare Realty Trust Incorporated Supplemental Information Three Months Ended September 30, 2011		Page 7 of 12

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SCHEDULE 5

INVESTMENT ACTIVITY ⁽¹⁾

YTD 2011 INVESTMENT ACTIVITY

 

Location		Property Type		Investment Type		Initial Closing		Estimated Completion		Properties				Amount Invested During Nine Months Ended September 30, 2011				Estimated Remaining Fundings				Estimated Total Investment				Approximate Square Feet				Aggregate Leased %
Des Moines, IA		Other		Mortgage		1/3/2011		NA			1			$	40,000			$	—			$	40,000				152,300				94	%
Grandview, MO		MOB		Constr. Mortg.		3/24/2011		4Q 2011			1				2,235				1,500				3,735				18,500				100	%
Richmond, VA		MOB		Acquisition		6/30/2011		NA			1				31,901				—				31,901				142,015				91	%
Edmond, OK (Oklahoma City)		MOB		Constr. Mortg.  (2)		6/30/2011		2Q 2013			1				16,073				75,106				91,179				200,000				100	%
Springfield, MO		Inpatient		Constr. Mortg.  (2)		6/30/2011		2Q 2013			1				14,977				96,458				111,435				186,000				100	%
Richmond, VA		MOB		Acquisition		8/4/2011		NA			1				26,374				—				26,374				87,816				91	%
Midlothian, VA		MOB		Acquisition		8/4/2011		NA			1				43,835				—				43,835				142,856				97	%
Mechanicsville, VA		MOB		Acquisition		8/31/2011		NA			1				14,598				—				14,598				59,240				100	%
Mechanicsville, VA		MOB		Acquisition		9/30/2011		NA			1				15,339				—				15,339				42,957				100	%
											9			$	205,332			$	173,064			$	378,396				1,031,684				97	%

HISTORICAL INVESTMENT ACTIVITY

 

			Mortgage Funding				Mortgage Funding				Mortgage Funding				Mortgage Funding				Mortgage Funding
		Acquisitions  (3)				Mortgage Funding				Construction Mortgage Funding				Development 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			132,047				40,000				51,978				63,933				287,958
Total		$	819,976			$	53,600			$	120,304			$	286,439			$	1,280,319
% of Total			64	%			4	%			9	%			22	%			100	%

DEVELOPMENT PROPERTIES

 

		Properties				Amount Funded During Three Months Ended September 30, 2011				Total Amount Funded  Through September 30, 2011				Estimated Remaining Fundings				Estimated Total Investment				Approximate Square Feet				Aggregate Leased %				Q3 2011 Aggregate NOI ($000s)
Construction in progress			5			$	28,809			$	134,716			$	63,424			$	198,140				587,758				45	%		$	—
Mortgage construction loans			7				8,836				48,202				177,097				225,299				489,931				100	%			188
Stabilization in progress			8				2,166				237,192				7,608				244,800				808,140				33	%			(927	)
Land held for development (4)			—				—				20,773				—				—				—				—				—
Total			20			$	39,811			$	440,883			$	248,129			$	668,239				1,885,829				54	%		$	(739	)

 

(1)	Represents real estate. Refer to Form 10-Q Footnote 3 for more information on the Company’s acquisitions.

(2)	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.

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

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

 

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

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SCHEDULE 6

INVESTMENT BY TYPE AND GEOGRAPHIC LOCATION ^{(1) (2)}

(dollars in thousands)

 

				MOB/Outpatient (84.3%)																Inpatient (13.2%)																Other (2.5%)								Total				% of Total
				Stabilized				Development Properties								Mortgages				Rehab				Surgical				CIP				Mortgages				Other				Mortgages
				Properties				Stabilization				CIP
1		Texas		$	578,820			$	61,212			$	4,982			$	9,076			$	20,659			$	92,000																				766,749				26.9	%
2		Florida			184,182												2,687				11,703																								198,572				7.0	%
3		Virginia			172,603																															$	11,826								184,429				6.5	%
4		Tennessee			160,014												3,700																				7,874								171,588				6.0	%
5		North Carolina			143,717																																								143,717				5.0	%
6		Indiana			99,493																				43,406																				142,899				5.0	%
7		Iowa			86,472												5,840																							$	40,000				132,312				4.6	%
8		Washington			59,528								69,932																																129,460				4.5	%
9		Pennsylvania			10,798																115,734																								126,532				4.4	%
10		California			112,807																12,688																								125,495				4.4	%
11		Colorado			60,889				24,756				27,056																																112,701				4.0	%
12		Hawaii			22,745				85,709																																				108,454				3.8	%
13		Arizona			34,406				39,593												16,012																								90,011				3.2	%
14		Illinois			37,228				25,922																																				63,150				2.2	%
15		Missouri			42,756												2,235															$	14,977												59,968				2.1	%
16		Alabama			20,825																17,722																9,493								48,040				1.7	%
17		South Dakota			—																							$	32,746																32,746				1.1	%
18		District of Columbia			29,594																																								29,594				1.0	%
19		Michigan			21,883																																								21,883				0.8	%
20		Oregon			20,577																																								20,577				0.7	%
21		Oklahoma			—												16,073																												16,073				0.6	%
22		Ohio			14,500																																								14,500				0.5	%
23		Kansas			14,003																																								14,003				0.5	%
24		Georgia			13,653																																								13,653				0.5	%
25		Massachusetts			12,119																																								12,119				0.4	%
26		Nevada			11,911																																								11,911				0.4	%
27		South Carolina			10,953																																								10,953				0.4	%
28		Louisiana			10,834																																								10,834				0.4	%
29		Maryland			8,990																																								8,990				0.3	%
30		Mississippi			8,379																																								8,379				0.3	%
		Sub-total		$	2,004,679			$	237,192			$	101,970			$	39,611			$	194,518			$	135,406			$	32,746			$	14,977			$	29,193			$	40,000			$	2,830,292				99.2	%
Land held for development													20,773																																20,773				0.7	%
Unconsolidated joint venture																																				$	1,266								1,266				0.1	%
		Total Investments		$	2,004,679			$	237,192			$	122,743			$	39,611			$	194,518			$	135,406			$	32,746			$	14,977			$	30,459			$	40,000			$	2,852,331				100.0	%
		Percent of $ Invested			70.4	%			8.3	%			4.3	%			1.4	%			6.8	%			4.7	%			1.1	%			0.5	%			1.1	%			1.4	%			100.0	%
		Number of Investments			177				8				4				8				12				2				1				1				5				1				219

 

(1)	Excludes assets held for sale totaling $32,312 and corporate property totaling $14,264.

(2)	Detail of lease type (excludes CIP and unconsolidated joint ventures):

 

Owned		Number of Properties				Investment ($000s)				Sq. Ft. (000s)
Multi-tenanted			163			$	2,049,637				10,996
Master lease			40				551,351				2,330
Mortgages			10				94,588				—
			213			$	2,695,576				13,326

 

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

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SCHEDULE 7

SQUARE FEET OWNED AND/OR MANAGED ⁽¹⁾

By Geographic Location

 

				Number of Properties												Owned																				Third  Party Managed by HR				Total				Percent
								Third  Party Managed by HR				Total				Managed								Development Properties								Master Leases
				Owned												by HR				by Third Party				Stabilization				CIP
1		Texas			52								52				3,074,254				302,094				246,717				96,433				337,771								4,057,269				28.3	%
2		Tennessee			16				5				21				1,260,260																75,000				251,394				1,586,654				11.1	%
3		Florida			21								21				668,544				157,497												229,554								1,055,595				7.4	%
4		Virginia			13								13				480,207				136,427												334,454								951,088				6.7	%
5		North Carolina			14								14				724,291																								724,291				5.1	%
6		Indiana			5								5								382,695												175,999								558,694				3.9	%
7		California			10								10				458,955																93,000								551,955				3.9	%
8		Colorado			7								7				192,280								161,099				186,672												540,051				3.8	%
9		Pennsylvania			7								7				63,914																437,601								501,515				3.5	%
10		Arizona			10				1				11				202,082								179,963								51,903				59,106				493,054				3.5	%
11		Washington			5								5				73,548												191,051				159,071								423,670				3.0	%
12		Iowa			9								9				274,231																94,949								369,180				2.6	%
13		Illinois			4								4				148,055								95,436								110,000								353,491				2.5	%
14		Alabama			6								6				120,192				129,294												95,500								344,986				2.4	%
15		Hawaii			3								3				173,502								124,925																298,427				2.1	%
16		Michigan			3								3				199,749																								199,749				1.4	%
17		Missouri			5								5				177,039																13,478								190,517				1.3	%
18		District of Columbia			2								2				182,836																								182,836				1.3	%
19		Louisiana			2								2								136,155																				136,155				1.0	%
20		South Dakota			1								1																113,602												113,602				0.8	%
21		Massachusetts			2								2																				100,742								100,742				0.7	%
22		Mississippi			1				1				2				58,036																				40,192				98,228				0.7	%
23		Georgia			3								3								58,030												20,749								78,779				0.6	%
24		Ohio			1								1								73,331																				73,331				0.5	%
25		Kansas			1								1				70,908																								70,908				0.5	%
26		Oregon			1								1				62,246																								62,246				0.4	%
27		Maryland			1								1				58,903																								58,903				0.4	%
28		Nevada			2								2				49,173																								49,173				0.3	%
29		South Carolina			1								1				39,801																								39,801				0.3	%
Total Properties / Square Feet					208				7				215				8,813,006				1,375,523				808,140				587,758				2,329,771				350,692				14,264,890				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 September 30, 2011		Page 10 of 12

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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)			8,813,006				1,119,802				808,140				474,156				1,166,529				12,381,633				350,692				12,732,325				89.3	%
Inpatient Rehab															113,602				798,072				911,674								911,674				6.4	%
Inpatient Surgical																			273,770				273,770								273,770				1.9	%
Other							255,721												91,400				347,121								347,121				2.4	%
Total Square Feet			8,813,006				1,375,523				808,140				587,758				2,329,771				13,914,198				350,692				14,264,890				100.0	%
Percent of Total Square Footage			61.8	%			9.6	%			5.7	%			4.1	%			16.3	%			97.5	%			2.5	%			100.0	%
Total Number of Properties (1)			136				19				8				5				40				208				7				215

By Occupant

 

		Medical																				% of Total
		Office /				Inpatient																Square
Occupants Greater than 1%		Outpatient				Rehab				Surgical				Other				Total				Feet
1 Baylor Health Care System			809,219								156,245								965,464				7.0	%
2 HealthSouth							647,560												647,560				4.7	%
3 Carolinas Healthcare System			573,735																573,735				4.1	%
4 HCA			403,441												16,400				419,841				3.0	%
5 Catholic Health Initiatives			280,805																280,805				2.0	%
6 Ascension Health Care System			200,424																200,424				1.4	%
7 OrthoIndy			58,474								117,525								175,999				1.3	%
All Other Occupants Less than 1%			10,055,535				264,114				—				330,721				10,650,370				76.5	%
Total Square Feet			12,381,633				911,674				273,770				347,121				13,914,198				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
		3Q				2Q				1Q				4Q				3Q				2Q
On/adjacent			72	%			70	%			69	%			66	%			66	%			64	%
Off			28	%			30	%			31	%			34	%			34	%			36	%
			100%				100%				100%				100%				100%				100%

 

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

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SCHEDULE 8

LEASE AND OCCUPANCY INFORMATION

LEASE MATURITY SCHEDULE ⁽¹⁾

 

						Number of Leases
		Annualized Minimum Rents  (2)				Multi-Tenanted Properties				Master Leased Properties				Percentage of Revenues				Total Sq. Ft.
2011		$	8,976				159				—				3.6	%			355,179
2012			31,552				342				4				12.9	%			1,298,984
2013			36,551				296				4				14.9	%			1,371,995
2014			42,425				356				5				17.3	%			1,714,460
2015			25,201				227				—				10.3	%			1,026,482
2016			24,727				150				8				10.1	%			955,206
2017			18,938				70				7				7.7	%			926,808
2018			13,146				90				—				5.4	%			617,036
2019			5,909				28				1				2.4	%			203,811
2020			8,707				33				—				3.5	%			332,741
Thereafter			29,131				68				10				11.9	%			1,197,062

AVERAGE TENANT SIZE ⁽¹⁾

 

			Number of Leases				Number of Leases
		Number of Leases
Square Footage		Multi- Tenanted Properties				Master Leased Properties
0 - 2,500			964				—
2,501 - 5,000			488				—
5,001 - 7,500			139				1
7,501 - 10,000			68				2
10,001 +			160				36
Total Leases			1,819				39

The average lease size in the multi-tenant portfolio is 4,255 square feet.

WEIGHTED AVERAGE INCREASES IN LEASE RATES

FOR MULTI-TENANT PROPERTIES: ^{(1) (3)}

 

		2011												2010
		3Q				2Q				1Q				4Q				3Q				2Q
Contractual increases for in-place leases (“annual bumps”)			3.2	%			3.1	%			3.1	%			3.1	%			3.2	%			3.4	%
Newly executed leases (“cash leasing spreads”)			2.3	%			1.7	%			1.7	%			1.0	%			1.8	%			2.8	%

OCCUPANCY ⁽¹⁾

 

			100				100				100				100				100				100				100
		Investment at				2011												2010
Facility Type		September 30, 2011				3Q				2Q				1Q				4Q				3Q				2Q
Medical office/outpatient		$	2,004,679				86	%			86	%			86	%			86	%			86	%			87	%
Inpatient			329,924				100	%			96	%			96	%			96	%			96	%			96	%
Other			29,193				76	%			76	%			76	%			76	%			84	%			89	%
Stabilized Occupancy (4) (5)		$	2,363,796				87	%			87	%			86	%			87	%			87	%			88	%
Stabilization (4) (5)		$	237,192				19	%			17	%			16	%			23	%			22	%			22	%
Economic Occupancy (4)		$	2,600,988				83	%			82	%			82	%			82	%			82	%			83	%

SAME FACILITY NOI ^{(1) (6) (7)}

 

														Sequential								Year - over - Year
		3Q 2011 NOI				2Q 2011 NOI				3Q 2010 NOI				NOI				Percentage Change				NOI				Percentage Change
Multi-tenanted Properties		$	24,386			$	24,946			$	23,229			$	(560	)			-2.2	%		$	1,157				5.0	%
Master leased Properties		$	12,216			$	12,001			$	11,911			$	215				1.8	%		$	305				2.6	%
Total			36,602				36,947				35,140				(345	)			-0.9	%		$	1,462				4.2	%

 

(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 34% leased. The difference between occupied and leased reflects tenants that have signed leases but have not taken occupancy due to ongoing buildout of their suite.

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

(6)

Properties included in the same facility analysis represents 85% to 95% of total NOI. In order to provide meaningful comparisons, same facility NOI is adjusted for certain non-routine items and excludes properties that were recently acquired or disposed of, properties held for sale, and properties in stabilization or conversion that would distort the change in NOI of the core portfolio.

(7)	Reconciliation of net operating income (NOI):

 

		3Q 2011 NOI				2Q 2011 NOI				3Q 2010 NOI
Master lease income		$	14,049			$	14,434			$	13,303
Property operating income			57,078				53,849				47,716
Amounts included in other operating income: (a)
Rental lease guaranty income			1,841				1,824				1,823
Property operating expense			(30,851	)			(28,477	)			(26,681	)
Net operating income			42,117				41,630				36,161
NOI not included in same store			(5,515	)			(4,683	)			(1,021	)
Same store NOI		$	36,602			$	36,947			$	35,140
(a) Other operating income reconciliation:
Rental lease guaranty income		$	1,841			$	1,824			$	1,823
Interest income			138				140				223
Other			88				90				82
Total Consolidated other operating income		$	2,067			$	2,054			$	2,128

 

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