Healthcare Realty Trust Inc. (HR) 1998年年度报告「NYSE」.pdf

1、ANNUAL REPORT TO SHAREHOLDERSHR98ar cvr for pdf 7/17/00 10:27 AM Page 1CO M P A N YPR O F I L E:Healthcare Realty Trust is a real estate investment trust that integrates owning,managingand developing income-producing real estate properties associated with the delivery of healthcare servicesthroughou

2、t the United States.The Companys portfolio is comprised of nine facility types,located in 130 marketsnationwide,and operated pursuant to contractual arrangements with 61 healthcare providers.Since commencingoperations in June 1993,the Company has invested over$1.7 billion in 280 properties,totaling

3、over twelve millionsquare feet.The Company currently provides property or asset management services for nine million square feetof real estate.The Company intends to maintain a portfolio of properties that is focused primarily on the outpatientservices segment of the healthcare industry and is diver

4、sified by tenant,geographic location and facility type.HR98ar cvr for pdf 7/17/00 10:27 AM Page 2I am pleased to report that 1998 was an outstanding year for Healthcare Realty Trust,highlighted by a majoracquisition and our 22nd consecutive profitable quarter.Our portfolio of quality healthcare prop

5、erties,coupled with the achievements of our services group,generated solid revenue and earnings growth.Disappointingly,negative investor sentiment for all REITs depressed our share price,despite a record year forthe Company.Revenues for 1998 totaled$93.1 million,compared with$59.8 million for1997.Ne

6、t income was$40.5 million or$1.63 per diluted common share,compared with$31.2 million or$1.68 per diluted common share for theprior year.Funds from operations,composed primarily of net income anddepreciation of real estate,totaled$59.7 million on a diluted basis or$2.44per diluted common share for t