Healthcare Realty Trust Inc. (HR) 2007年年度报告「NYSE」.pdf

1、2007ANNUALREPOR TTOSHAREHOLDERSDuring its fifteenth year as a public company,Healthcare Realty Trust continued its commitment to creatinglong-term value by realigning its portfolio to focus primarily on medical office and outpatient real estate.TheCompany divested its senior living assets throughout

2、 2007 and distributed the majority of the proceeds toshareholders in a one-time special dividend.We believe Healthcare Realty Trusts streamlined portfolio offersshareholders better asset quality,lower risk and higher long-term growth prospects in an environment ofincreasing demand for outpatient ser

3、vices and facilities.The Company is positioned well to take advantage ofthese growth opportunities,having maintained its strong balance sheet fundamentals,while also expanding itsdevelopment capabilities to meet the needs of healthcare providers in growing markets.The Companycontinues to target acqu

4、isitions of existing facilities according to strict investment standards and believes itsopportunities for developing new facilities,in conjunction with the competitive restructuring of the healthcareindustrys capital-spending initiatives,will enhance growth over time.While indicators of the economy

5、 may fluctuate from year to year,thenumber of Americans seeking medical treatment,particularly in outpatientsettings,continues to steadily rise.From 1995 to 2005,outpatient visits percapita increased by approximately 20 percent in primary care offices,surgical care offices,and hospital outpatient de

6、partments to a total ofapproximately 1.2 billion visits.Additionally,the number of procedures thatmay be performed on an outpatient basis,which only accounted for about20 percent of all procedures in 1980,has grown to almost 80 percent today.Meanwhile,annual inpatient admissions have held steady at