1、 2022 Annual Report to Shareholders ANNUAL REPORT TO SHAREHOLDERS|1 In May 2023,Healthcare Realty will mark the 30th anniversary of our companys IPO.We reach this significant milestone following the most transformative year in Healthcare Realtys three-decade history.In July,we completed a merger wit
2、h Healthcare Trust of America(HTA),creating the largest pure-play medical office building REIT in the U.S.The Company has unmatched scale in high-growth markets and a robust development pipeline that enhance our ability to deliver long-term value to shareholders.SCALE AND GROWTH MOMENTUM Healthcare
3、Realty owns and operates over 42 million square feet in 35 states,nearly double the portfolio size of the next largest owner of medical office buildings.More importantly,we own and operate much of our portfolio at scale in target markets.In 14 markets,our property ownership exceeds one million squar
4、e feet,and in 12 other markets,it exceeds 500,000 square feet.These 26 markets collectively represent 80%of our portfolio.We have also increased the proportion of places where we own a cluster of two or more properties within two miles of each other.Approximately 70%of the Companys properties are lo
5、cated in 142 different clusters.We also work with 58 of the top 100 health systems and our properties are associated with 231 hospital campuses.Market scale and well-clustered properties gain Healthcare Realty operating efficiencies,deeper market knowledge,and stronger relationships with healthcare
6、providers.In our experience,these proven attributes accelerate leasing volume,acquisition opportunities,and development momentum.POST-MERGER PROGRESS Significant geopolitical and economic changes took place in 2022,most notably the Fed raising interest rates aggressively to combat rising inflation.H