Healthcare Realty Trust Incorporated · NYSE:HR
Healthcare Realty Trust — Investor Presentation (July 2004)
10 slides from Healthcare Realty Trust's investor presentation, Jul 21, 2004
Slide 1: Healthcare Realty Trust 3,500,000 Common Shares
Exhibit 99.2 The Company directs interested parties to its Internet page site, www.healthcarerealty.com, where material information is posted regarding the Company’s operations as of March 31, 2004. Please contact the Company at (615) 269-8175 to request a printed copy of this information. HEALTHCAR
Slide 2: Corporate Profile
CORPORATE PROFILE — Integrated Real Estate Company Focused on Owning, Managing and Developing Income-Producing Real Estate Properties Associated With the Delivery of Healthcare Services CORPORATE PROFILE • Strategy — Provide Integrated Real Estate Solutions — Concentrate on Outpatient Healthcare Fac
Slide 3: Funds From Operations and Strategy
FUNDS FROM OPERATIONS — DILUTED • Graphic Omitted: Total funds from operations from 1995 to 2003. See the Company’s financial reports for additional information and a reconciliation of FFO to net income. STRATEGY • Differentiation — Integrate Related Real Estate Services and Capital — Not A Finance
Slide 4: Slide 4
Slide 5: Inpatient Occupants and Healthcare Overview
INPATIENT OCCUPANTS • Graphic Omitted: For additional information, see Supplemental Data Report as of 3/31/04, located on the Company’s website, www.healthcarerealty.com. INVESTMENT BY STATE • Chart and Map Omitted: For additional information, See Supplemental Data Report as of 3/31/04, located on t
Slide 6: Healthcare Overview: Revenue Sources and Legislation
— Source: American Hospital Association, Hospital Statistics 2004. HEALTHCARE OVERVIEW • Graphic Omitted: National Healthcare Revenue Sources, $1.6 Trillion in 2002 — Source: Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics Group, January 2004. HEALTHCARE
Slide 7: Healthcare Overview: Medicare Trust Fund
— Past Medicare cuts driven by a high perceived rate of medical cost inflation and number of enrollees, not federal surplus/deficit levels — Medicare growth projected at 7% annually, only 2% faster than GDP • Medicare Board of Trustees Annual Report Projected Trust Fund Insolvency by 2019 5
Slide 8: Medicare Charts and Growth Plans
— The 15-year projection is above the historic average of 13 years; the projection range was 4-7 years in the mid-90’s — Report assumed no economic growth — Hospital margins typically a more decisive factor for legislation HEALTHCARE OVERVIEW • Graphic Omitted: Medicare YTY % Change vs. Total Federa
Slide 9: Capital Structure and Use of Proceeds
— 91% of Rated Hospitals are Investment Grade • Healthcare Industry Size — 856,000 Physicians — 3,800 Community Hospitals, 80% Not-for-Profit — $18 Billion Healthcare Construction Expenditures — $500 Billion in Healthcare Real Estate • Healthcare Industry Capital Demands — Balance Sheet Focus — Marg
Slide 10: Summary
SUMMARY • Healthcare is a Large, Vital and Profitable Industry — Expanding Sectors of Healthcare Industry — Growth Markets with Prominent Clients • Distinct Competitive Advantages — Integrated Real Estate Services and Capital — Well-Defined, Differentiated Strategy — Innovative Transaction Structure
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