HEALTHCARE TRUST OF AMERICA, INC. REPORTS 2021 RESULTS AND ANNOUNCES FIRST QUARTER DIVIDEND

• HTA ended Q4 2021 with total leverage of (i) 27.7%, measured as debt less cash and cash equivalents to total capitalization, and (ii) 5.9x net debt to Adjusted Earnings before Interest, Taxes, Depreciation and Amortization for real estate ("Adjusted EBITDAre").
• HTA ended Q4 with total liquidity of $1.1 billion, inclusive of $1.0 billion available on our unsecured revolving credit facility and $52.4 million of cash and cash equivalents.

First Quarter 2022 Dividend

On February 28, 2022, HTA's Board of Directors issued a quarterly dividend of $0.325 per share of common stock.  This represents an annualized rate of $1.30 per share of common stock with an annualized yield of 4.2% based on HTA's closing share price as of February 25, 2022.  The dividend will be paid on April 11, 2022 to stockholders of record on April 4, 2022.

Additionally, the eligible holders of HTA's operating partnership units ("OP Units") will receive a quarterly OP Unit distribution, which is on par with HTA's common stock dividend described above.

The amount of common stock dividends HTA pays to its stockholders is subject to the review and approval of the Company's Board of Directors at its discretion, and is dependent on a number of factors, including funds available for the payment of distributions, HTA's financial condition, capital expenditure requirements and annual distribution requirements needed to maintain HTA's status as a real estate investment trust under the Internal Revenue Code.  HTA's Board of Directors may reduce its dividend rate and HTA cannot guarantee the amount of dividends paid in the future, if any.

Transaction with Healthcare Realty Trust Incorporated

On February 28, 2022, the Company announced that it has agreed to enter into a strategic business combination with Healthcare Realty Trust Incorporated (NYSE:HR) ("Healthcare Realty" or "HR"). HTA shareholders will receive a total implied value of $35.08 per share comprised of a special cash dividend of $4.82 per share and a transaction exchange ratio of 1:1 based on HR's unaffected price of $30.26 on February 24, 2022.

This transaction brings together two of the largest owners of medical office buildings, creating the preeminent, pure-play medical office building REIT and positions the combined company to create long-term shareholder value. The combined company will have a pro forma equity market capitalization of approximately $11.6 billion and a total enterprise value of $17.6 billion based on the implied values at market close on February 24, 2022.

In light of its pending transaction with HR, HTA will not provide earnings guidance for 2022 and has decided to cancel its investor conference call associated with its fourth quarter 2021 financial results, previously set for 11:00 A.M. ET on March 1, 2022. HTA does not intend to host a conference call or webcast in connection with its future financial results, which will be made available on the standard timeline on the Investor Relations section of the Company's website at www.htareit.com.

About Healthcare Trust of America, Inc.

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, with assets comprising approximately 26.1 million square feet of GLA, and with $7.8 billion invested primarily in MOBs.  HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.  Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions, which generally translates to superior demographics, highly-educated graduates, intellectual talent and job growth.  The strategic markets HTA invests in support a strong, long-term demand for quality medical office space.  HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market.  We believe this drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation.  Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level.

Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have outperformed the US REIT index.  More information about HTA can be found on the Company's Website (www.htareit.com), Facebook, LinkedIn and Twitter.

Forward-Looking Language

This press release contains certain forward-looking statements with respect to HTA.  Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, plans or predictions of the future, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Because such statements include risks, uncertainties and contingencies, actual results may differ materially and in adverse ways from those expressed or implied by such forward-looking statements.  These risks, uncertainties and contingencies include, without limitation, the following: our ability to consummate the proposed transaction with Healthcare Realty on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary stockholder approvals and satisfaction of other closing conditions to consummate the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction; risks related to diverting the attention of the Company and HR management from ongoing business operations; failure to realize the expected benefits of the proposed transaction; significant transaction costs and/or unknown or inestimable liabilities; the risk of stockholder litigation in connection with the proposed transaction, including resulting expense or delay; the risk that the Company's business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the ability to obtain the expected financing to consummate the proposed transaction; risks related to future opportunities and plans for the Company, including the uncertainty of expected future financial performance and results of the Company following completion of the proposed transaction; effects relating to the announcement of the proposed transaction or any further announcements or the consummation of the proposed transaction on the market price of the Company's or HR's common stock; the possibility that, if the Company does not achieve the perceived benefits of the proposed transaction as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company's common stock could decline; general adverse economic and local real estate conditions; changes in economic conditions generally and the real estate market specifically; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the availability of capital; changes in interest rates; competition in the real estate industry; the supply and demand for operating properties in our proposed market areas; changes in accounting principles generally accepted in the United States of America; policies and guidelines applicable to REITs; the availability of properties to acquire; the availability of financing; pandemics and other health concerns, and the measures intended to prevent their spread, including the currently ongoing COVID-19 pandemic; and the potential material adverse effect these matters may have on our business, results of operations, cash flows and financial condition.  Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in our 2021 Annual Report on Form 10-K and in our filings with the SEC.

HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)
(Unaudited)
		December 31, 2021		December 31, 2020
ASSETS
Real estate investments:
Land		$                640,382		$                596,269
Building and improvements		6,688,516		6,507,816
Lease intangibles		404,714		628,621
Construction in progress		32,685		80,178
		7,766,297		7,812,884
Accumulated depreciation and amortization		(1,598,468)		(1,702,719)
Real estate investments, net		6,167,829		6,110,165
Assets held for sale, net		27,070		—
Investment in unconsolidated joint venture		62,834		64,360
Cash and cash equivalents		52,353		115,407
Restricted cash		4,716		3,358
Receivables and other assets, net		334,941		251,728
Right-of-use assets - operating leases, net		229,226		235,223
Other intangibles, net		10,720		10,451
Total assets		$             6,889,689		$             6,790,692
LIABILITIES AND EQUITY
Liabilities:
Debt		$             3,028,122		$             3,026,999
Accounts payable and accrued liabilities		198,078		200,358
Liabilities of assets held for sale		262		—
Derivative financial instruments - interest rate swaps		5,069		14,957
Security deposits, prepaid rent and other liabilities		86,225		82,553
Lease liabilities - operating leases		196,286		198,367
Intangible liabilities, net		31,331		32,539
Total liabilities		3,545,373		3,555,773 Werbung Mehr Nachrichten zur Healthcare Realty Trust A Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 31.05.24 - PR Newswire BlackRock Sustainable American Income Trust Plc - Transaction in Own Shares 31.05.24 - PR Newswire Finsbury Growth & Income Trust PLC - Transaction in Own Shares 31.05.24 - PR Newswire Fidelity Emerging Markets Ltd - Transaction in Own Shares Einmalige Chance!    Spektakuläre Kursgewinne im neuen Rohstoff-Bullenmarkt weiterlesen» Anzeige wo-site-teaser-box-17120_site-teaser-box_2024-05-31_08%253A00%253A00_2024-06-01_09%253A00%253A59