Healthcare Realty Trust Inc. (HR) 2004年年度报告「NYSE」.pdf

1、HEALTHCARE REALTY TRUST INCORPORATED 3310 WEST END AVENUE SUITE 700 NASHVILLE,TENNESSEE 37203 ANNUAL REPORT For the Fiscal Year Ended December 31,2004 2004 Letter to Shareholders In this Annual Report to Shareholders for the year ended December 31,2004,I am pleased to report Healthcare Realty Trusts

2、 twelfth successful year as a public company.Our growing portfolio of healthcare properties,coupled with the achievements of our services group,generated solid results and a positive total return to shareholders.Healthcare Realty Trusts shareholder return continued to exceed the performance of most

3、market indices in 2004,reflecting,we believe,the quality of the Companys investments,operations and financial transactions during the year,as well as its standing within the RElT industry.In 2004,we continued to invest in properties related to the steadily rising demand for outpatient healthcare ser

4、vices.While economic indicators may fluctuate from year to year,Americans require and seek medical treatment following consistent historical patterns.As the aged population grows,many healthcare organizations will expand and modify their facilities to accommodate this trend.Revenues for 2004 totaled

5、$234.1 million,compared with$184.1 million for 2003.Net income was$55.5 million,or$1.24 per diluted common share,compared with$60.4 million,or$1.44 per diluted common share in 2003.Diluted funds from operations,composed primarily of net income and depreciation of real estate,totaled$110.2 million,or

6、$2.47 per diluted common share for the twelve months ending December 31,2004.This compares with$103.7 million,or$2.48 per diluted common share for the same period in 2003.The decline in net income for 2004 is largely related to the application of Financial Accounting Standards Board(“FASB”)Statement