Fitch REIT Credit Analysis: Healthcare Realty Trust’s Medical Office and Outpatient Focus a Plus

(Healthcare Realty Trust's Baptist Women's Physician Office Building, Memphis, TN, shown above)

NEW YORK, NY--With fundamentals in the medical office andoutpatient space considered to be quite favorable, Healthcare Realty Trust Incorporated’s (HR) geographically diversified portfolio of assets, predominately focused on medical office and outpatient facilities, is a credit positive for the REIT, according to Fitch Ratings.

Fitch affirmed HR’s IDR at 'BBB' with a Stable Outlook on April 14. Fitch's latest credit analysis update on HR, which provides more detail supporting Fitch's ratings, is available on the Fitch Ratings web site at'www.fitchratings.com'. (Photo of Healthcare Realty's Baylor Pavilion I is at top right. Left middle photo shows Baylor Medical Office Building in Irving, TX)

Primary credit strengths include the following:

--Positive fundamentals for medical office/outpatient facilities;

--Large pool of unencumbered assets;

--Limited near term debt maturities.

Primary credit concerns include the following:

--Upcoming lease expiration schedule;

--Additional funding needs for development pipeline.

(Photo at bottom right shows Baptist Medical Plaza I and II in Nashville, TN)

CONTACTS:

Jane Cotroneo

+1-212-908-0716 or

Janice Svec

+1-212 908-0304

NewYork

Media Relations:

Sandro Scenga
Director, Corporate Communications

Fitch Ratings

New York

Tel: +1 212-908-0278

sandro.scenga@fitchratings.com