Healthcare Realty Trust Inc. (HR) 2012年年度报告「NYSE」.pdf

1、2012Healthcare Realty TrustAnnual Report to Shareholders2012Annual Report to Shareholders3|HEALTHCARE REALTY ANNUAL REPORT TO SHAREHOLDERSAs we enter our twentieth year in business,Healthcare Realty Trust Incorporated continues to benefit from its strategy of investing in medical office and outpatie

2、nt clinical facilities.The year 2012 brought new investment in this growing sector,significant leasing progress in our recently developed facilities,and positive same-store NOI growth in our core portfolio.Healthcare Realtys low business-risk model and its established relationships with investment-g

3、rade health systems have yielded a distinct portfolio of out-patient facilities,with stable tenants and sustainable growth.Despite the lagging economic recovery and prolonged uncertainty on health reform throughout most of the year,hospital and physician office employment continued to expand in 2012

4、.Since January 2008,the U.S.economy has lost over three million jobs,representing a 2%decline,whereas the healthcare sector has added 1.3 million jobs,for a 10%increase,with an emphasis on medical office and outpatient care settings.Healthcare spending accounted for 17.9%of GDP in 2011 and is projec

5、ted to reach 19.6%of GDP by 2021.We believe Healthcare Realtys investments will benefit not only from this increased spending,but also from the need for more physicians and outpatient facilities to treat the growing elderly population that historically requires more frequent care.The population coho

6、rt over the age of 65 is expected to increase from 13.3%of the popula-tion in 2011 to 19.3%by 2030,and those over 65 years of age visit physician offices 6.9 times each year,compared to 2.3 times for those under 45 years old.Regardless of health reform uncertainty,occupancy costs for Healthcare Real