Healthcare Realty Trust Inc. (HR) 2010年年度报告「NYSE」.pdf

1、2010Healthcare Realty TrustAnnual Report to ShareholdersHEALTHCAREREALTYIn 2010,Healthcare Realty Trust Incorporated completed its eighteenth year in business and continued its strategy of investing in medical office and other outpatient clinical facilities.Ninety percent of Healthcare Realtys$2.6 b

2、illion portfolio is comprised of outpatient medical properties,which benefit from the continuing trend to deliver healthcare in a lower cost setting.The Companys properties have stable cash flows,smaller lease sizes,tenants with diverse specialties,and proven resistance to economic downturns,making

3、it a unique alternative within the REIT sector.Over the last four years,Healthcare Realtys portfolio has undergone a subtle,but meaningful,transition that has lowered its business risk through the disposition of senior living,master lease,and other assets totaling nearly$600 million.During that same

4、 time,the Company acquired almost$800 million and developed just under$300 million of multi-tenanted medical office properties,nearly all of which are located on or adjacent to leading hospitals.This process has helped to diversify Healthcare Realtys portfolio and better positioned the Company for s

5、ustainable growth.During 2010,Healthcare Realty acquired 14 properties totaling 1.1 million square feet for nearly$312 million.These assets have an average age of only five years,an average occupancy of 94 percent,are immediately accretive,and have steady revenue increases built into the existing le

6、ases.These acquisitions,located in growing markets such as Denver,Houston,Indianapolis,and Columbus,are associated with leading,investment-grade rated healthcare systems such as Clarian Health,Memorial Hermann,St.Lukes Episcopal,Mercy Health(part of Catholic Health Initiatives)and Mt.Carmel Health.A