Navigation Links
Healthcare Realty Trust Announces First Quarter Dividend
Date:5/11/2009

NASHVILLE, Tenn., May 11 /PRNewswire-FirstCall/ -- Healthcare Realty Trust Incorporated (NYSE: HR) today announced its common stock cash dividend for the quarter ended March 31, 2009. This dividend, in the amount of $0.385 per share, is payable on June 5, 2009 to shareholders of record on May 22, 2009. The total dividend of $22.8 million is approximately 83 percent of cash flows from operations determined in accordance with GAAP. The Company's cash flow statement is provided below.

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. The Company had investments of approximately $2.1 billion in 204 real estate properties and mortgages as of March 31, 2009, excluding assets classified as held for sale and including an investment in one unconsolidated joint venture. The Company's 199 owned real estate properties, excluding assets classified as held for sale, are comprised of six facility types, located in 28 states, totaling approximately 12.1 million square feet. The Company provides property management services to approximately 8.5 million square feet nationwide.

In addition to the historical information contained within, the matters discussed in this press release may contain forward-looking statements that involve risks and uncertainties. These risks are discussed in filings with the Securities and Exchange Commission by Healthcare Realty Trust, including its Annual Report on Form 10-K for the year ended December 31, 2008 under the heading "Risk Factors," and as updated in its Quarterly Reports on Form 10-Q filed thereafter. Forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims any obligation to update forward-looking material.

                      HEALTHCARE REALTY TRUST INCORPORATED
               Condensed Consolidated Statements of Cash Flows (1)
                             (Dollars in thousands)
                                   (Unaudited)

                                                            Three Months Ended
                                                              March 31, 2009
                                                              --------------

      Cash flows from operating activities:
        Net income                                                  $20,880
          Non-cash items:
          ---------------
          Depreciation and amortization - real estate                16,872
          Depreciation and amortization - other                         808
          Provision for bad debt, net of recoveries                     437
          Impairments                                                    22
          Straight-line rent receivable                                (353)
          Straight-line rent liability                                  113
          Equity in losses from unconsolidated joint ventures             2
          Stock-based compensation                                    1,288
          Provision for deferred post-retirement benefits             1,492
          Re-measurement gain of equity interest upon
           acquisition                                               (2,701)
          Other non-cash items                                          254
                                                                        ---
             Total non-cash items                                    18,234

          Other items:
          ------------
          Accounts payable and accrued liabilities                    1,090
          Other liabilities                                             981
          Other assets                                                1,199
          Gain on sales of real estate properties                   (12,609)
          Payment of partial pension settlement                      (2,300)
          State income taxes paid, net of refunds                        53
                                                                         --
             Total other items                                      (11,586)
                                                                    -------
          Net cash provided by operating activities (2)(3)           27,528
          ------------------------------------------------           ------

      Cash flows from investing activities:
        Acquisition and development of real estate properties       (33,076)
        Funding of mortgages and notes receivable                    (3,451)
        Distributions received from unconsolidated
         joint ventures                                                   -
        Proceeds from sales of real estate                           63,907
        Proceeds from mortgages and notes receivable
         repayments                                                      38
                                                                         --
          Net cash provided by investing activities                  27,418

      Cash flows from financing activities:
        Net repayment on unsecured credit facility                   (4,000)
        Repayments on notes and bonds payable                       (20,548)
        Dividends paid related to the fourth quarter 2008           (22,829)
        Proceeds from issuance of common stock                          183
        Proceeds received from noncontrolling interests                 529
        Distributions to noncontrolling interests                       (43)
                                                                        ---
          Net cash used in financing activities                     (46,708)
                                                                    -------

      Increase in cash and cash equivalents                           8,238
      Cash and cash equivalents, beginning of period                  4,138
                                                                      -----
      Cash and cash equivalents, end of period                      $12,376
                                                                    =======


    (1) The Condensed Consolidated Statements of Cash Flows do not include
        all of the information and footnotes required by generally accepted
        accounting principles for complete financial statements.
    (2) First quarter 2009 dividends to be paid of $22.8 million, divided by
        'Net cash provided by operating activities' of $27.5 million, is equal
        to 83%.
    (3) Net cash provided by operating activities will fluctuate significantly
        quarter to quarter based on the Company's operating results, as well
        as the timing of certain payments of the Company's obligations.


'/>"/>
SOURCE Healthcare Realty Trust
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. The Healthcare Scoop Seeks Women's Health, Osteoporosis, Arthritis Stories
2. Pennsylvania Patient Safety Authority Hires Patient Safety Liaison to Help Healthcare Facilities Implement Guidance
3. PhRMA Statement on Healthcare Reform Coalition
4. GNAX/AtlantaNAP Announces New Client, Piedmont Healthcare
5. Five Healthcare Organizations Honored as Shining Stars by The Beryl Institute
6. Corepoint Health CTO to Participate in Panel Discussion at the 2009 SOA in Healthcare Conference
7. Not All Gloomy for African Healthcare Markets: Frost & Sullivan Finds Potential Despite the Recession
8. Q-Based Healthcare Warns: Hand Sanitizers Increase Risk of Swine Flu Exposure
9. OTC Perspectives Magazine Names The Top OTC/Healthcare Marketers of the Year
10. Thomson Reuters Honors Keystone Mercy and AmeriHealth Mercy Health Plans and Tallahassee Memorial HealthCare
11. AMERIGROUP Corporation to Present at The Deutsche Bank 34th Annual Healthcare Conference on May 18
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... ... 02, 2016 , ... ‘Tis the season for giving! Today, 20 creative teams ... Family Partnership and the Drug Enforcement Administration as part of the National Red Ribbon ... winning schools who decorated their campuses with this year’s Red Ribbon Week theme: “YOLO. ...
(Date:11/30/2016)... ... November 30, 2016 , ... Northridge ... in-house dental plan for all patients. Understanding that budget can play a part ... a number of perks, including discounts on many valuable dental treatments. Options for ...
(Date:11/30/2016)... Wisconsin (PRWEB) , ... November 30, 2016 , ... ... in the 2016 Deloitte Wisconsin 75, an annual ranking and recognition of the ... year on the list, having ranked from 2008-2016. In addition, Standard Process was ...
(Date:11/30/2016)... (PRWEB) , ... November 30, 2016 , ... ... and mental health treatment has announced the opening of a new residential mental ... for girls with mental health issues such as severe anxiety, depression, bi-polar disorder, ...
(Date:11/30/2016)... ... November 30, 2016 , ... The ... stylish design wanted by today’s consumers at an affordable price, is now available ... the new watch is “a game changer” when it comes to the smartwatch. ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... , December 2, 2016 ... "In Vitro Diagnostics/IVD Market by Product (Instruments, Reagents, ... Application (Diabetes, Oncology, Cardiology, Nephrology, Infectious Diseases) - ... market is valued at USD 60.22 Billion in ... a CAGR of 5.5% during the forecast period ...
(Date:12/2/2016)... 2016  The Addiction Treatment Advisory Group (ATAG), ... Care Pharmacy (AMCP), has released detailed findings on ... opioid addiction crisis, including through improved access to ... ATAG,s newly released paper, "The Role of Managed ... many issues around gaps and barriers to addiction ...
(Date:12/2/2016)... 2, 2016 Boston Scientific Corporation (NYSE: ... acquire certain manufacturing assets and capabilities of the Neovasc, ... biological tissue business, as well as a 15% equity ... in cash. The Neovasc advanced biological tissue business makes ... Scientific Lotus™ Valve System. * Upon completion of ...
Breaking Medicine Technology: