Healthcare Realty Trust Announces First Quarter Dividend

NASHVILLE, Tenn., May 11 /PRNewswire-FirstCall/ -- Healthcare Realty Trust
Incorporated (NYSE: HR) today announced its common stock cash dividend for the
quarter ended March 31, 2009. This dividend, in the amount of $0.385 per
share, is payable on June 5, 2009 to shareholders of record on May 22, 2009.
The total dividend of $22.8 million is approximately 83 percent of cash flows
from operations determined in accordance with GAAP. The Company's cash flow
statement is provided below.

Healthcare Realty Trust is a real estate investment trust that integrates
owning, managing 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
$2.1 billion in 204 real estate properties and mortgages as of March 31, 2009,
excluding assets classified as held for sale and including an investment in
one unconsolidated joint venture. The Company's 199 owned real estate
properties, excluding assets classified as held for sale, are comprised of six
facility types, located in 28 states, totaling approximately 12.1 million
square feet. The Company provides property management services to
approximately 8.5 million square feet nationwide.

In addition to the historical information contained within, the matters
discussed in this press release may contain forward-looking statements that
involve 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, 2008 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 release. The Company disclaims any obligation to
update forward-looking material.

HEALTHCARE REALTY TRUST INCORPORATED
Condensed Consolidated Statements of Cash Flows (1)
(Dollars in thousands)
(Unaudited)

Three Months Ended
March 31, 2009
--------------

Cash flows from operating activities:
Net income $20,880
Non-cash items:
---------------
Depreciation and amortization - real estate 16,872
Depreciation and amortization - other 808
Provision for bad debt, net of recoveries 437
Impairments 22
Straight-line rent receivable (353)
Straight-line rent liability 113
Equity in losses from unconsolidated joint ventures 2
Stock-based compensation 1,288
Provision for deferred post-retirement benefits 1,492
Re-measurement gain of equity interest upon
acquisition (2,701)
Other non-cash items 254
---
Total non-cash items 18,234

Other items:
------------
Accounts payable and accrued liabilities 1,090
Other liabilities 981
Other assets 1,199
Gain on sales of real estate properties (12,609)
Payment of partial pension settlement (2,300)
State income taxes paid, net of refunds 53
--
Total other items (11,586)
-------
Net cash provided by operating activities (2)(3) 27,528
------------------------------------------------ ------

Cash flows from investing activities:
Acquisition and development of real estate properties (33,076)
Funding of mortgages and notes receivable (3,451)
Distributions received from unconsolidated
joint ventures -
Proceeds from sales of real estate 63,907
Proceeds from mortgages and notes receivable
repayments 38
--
Net cash provided by investing activities 27,418

Cash flows from financing activities:
Net repayment on unsecured credit facility (4,000)
Repayments on notes and bonds payable (20,548)
Dividends paid related to the fourth quarter 2008 (22,829)
Proceeds from issuance of common stock 183
Proceeds received from noncontrolling interests 529
Distributions to noncontrolling interests (43)
---
Net cash used in financing activities (46,708)
-------

Increase in cash and cash equivalents 8,238
Cash and cash equivalents, beginning of period 4,138
-----
Cash and cash equivalents, end of period $12,376
=======

(1) The Condensed Consolidated Statements of Cash Flows do not include
all of the information and footnotes required by generally accepted
accounting principles for complete financial statements.
(2) First quarter 2009 dividends to be paid of $22.8 million, divided by
'Net cash provided by operating activities' of $27.5 million, is equal
to 83%.
(3) Net cash provided by operating activities will fluctuate significantly
quarter to quarter based on the Company's operating results, as well
as the timing of certain payments of the Company's obligations.

SOURCE Healthcare Realty Trust

Gabrielle M. Andres, Corporate Communications, +1-615-269-8175