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Healthcare Realty Trust's (HR) CEO Todd Meredith on Q1 2018 Results - Earnings Call Transcript

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Healthcare Realty Trust, Inc. (NYSE:HR) Q1 2018 Earnings Conference Call May 4, 2018 10:00 AM ET


Bethany Mancini - Associate Vice President, Corporate

Carla Baca - Director of Corporate Communications

James Douglas - EVP & CFO

Robert Hull - EVP of Investments

Todd Meredith - President, CEO & Director


Jordan Sadler - KeyBanc Capital Markets

Seth Canetto - Stifel

Rich Anderson - Mizuho Securities

John Kim - BMO Capital Markets

Michael Knott - Green Street Advisors

Omotayo Okusany - Jefferies

Mike Miller - JPMorgan


Good morning, and welcome to the Healthcare Realty First Quarter Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Todd Meredith, President and CEO.

Todd Meredith

Thank you, Austin. Joining me on the call today are Kris Douglas, Rob Hull, Bethany Mancini and Carla Baca. After Ms. Baca reads the disclaimer, I'll provide some initial comments, followed by Ms. Mancini with an update on healthcare policy and trends, then Mr. Hull will discuss investment activity and Kris Douglas will cover financial and operating results. Carla?

Carla Baca

Thank you. Except for the historical information contained within, the matters discussed in this call may contain forward-looking statements that involve estimates, assumptions, risks and uncertainties. These risks are more specifically discussed in the Form 10-K filed with the SEC for the year ended December 31, 2017, and in subsequently filed Form 10-Q. These forward-looking statements represent the company's judgment as of the date of this call. The company disclaims any obligation to update this forward-looking material. The matters discussed in this call may also contain certain non-GAAP financial measures such as funds from operations, FFO, normalized FFO, FFO per share, normalized FFO per share, funds available for distribution, FAD, net operating income, NOI, EBITDA and adjusted EBITDA.

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