National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2023 Earnings Presentation
19 slides from National Healthcare Properties's earnings presentation, Apr 5, 2024
Slide 1: Healthcare Trust, Inc. Fourth Quarter 2023 Investor Webcast Presentation
Healthcare Trust, Inc. Fourth Quarter 2023 Investor Webcast Presentation 1
Slide 2: Q4 and Full Year 2023 Company Overview
Q4 and Full Year 2023 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ✓ High-quality portfolio featuring 204 properties that are 76% MOB and 24% SHOP(2)
Slide 3: Portfolio Snapshot
Portfolio Snapshot HTI’s dynamic portfolio features an MOB portfolio that is approximately 91% occupied with embedded long-term cash rent growth and an over 4,100-unit SHOP portfolio with anticipated significant Occupancy(1) upside that is operated by four operators ($ in millions and SF in thousand
Slide 4: Dynamic Portfolio Fundamentals
Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high-quality MOB and SHOP assets throughout the United States and increasing portfolio Occupancy Portfolio Highlights High-Quality Portfolio ✓ MOB portfolio that is diversified across 29 states and features long- term ne
Slide 5: Strategic Partners
Strategic Partners HTI leases its properties to some of the top healthcare brands in well-established markets MOB SHOP ✓ DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of over $23 billion(1) ✓ Streamlined SHOP portfolio to only
Slide 6: Diligent Acquisition Program
Diligent Acquisition Program HTI completed seven MOB acquisition in 2023 totaling $35.0 million at a 6.8% weighted average Cap Rate (1) and has closed one acquisition in 2024 totaling $12.6 million ($ in millions, square feet in thousands and lease term remaining in years) Wtd. Avg. Property Number
Slide 7: Capitalization Highlights
Capitalization Highlights In Q4’23, HTI continued to manage its capital structure to promote financial flexibility and acquisition capacity by maintaining conservative Net Leverage (1) and adequate cash and cash equivalents Debt Capitalization ($mm) Q4'23 Balanced Capital Structure Mortgage Debt Mor
Slide 8: Key Operating Highlights
Key Operating Highlights In 2023, HTI continued to lease vacant space, increased MOB and SHOP NOI, and proactively developed a 26,611 SF forward Leasing Pipeline(1)(2) that is expected to increase MOB Occupancy(1) to 91.1%(2) Operating Highlights Durable and Resilient MOB NOI Performance(3) ✓ MOB po
Slide 9: Company Highlights
Company Highlights In the fourth quarter, HTI continued to focus on increasing MOB NOI, acquiring high- quality MOB assets, improving SHOP NOI, and maintaining a conservative balance sheet ✓ High-Quality Portfolio of 204 properties comprised of 76% MOB and 24% SHOP properties(1) ✓ Diligent Acquisiti
Slide 10: Experienced Leadership Team
Experienced Leadership Team (1) Michael Anderson Leslie D. Michelson Scott Lappetito Chief Executive Officer Non-Executive Chairman, Audit Chief Financial Officer, Secretary, and Committee Chair Treasurer Mr. Anderson has served as the Chief Executive Officer since September 2023. Mr. Anderson has M
Slide 11: Dedicated SHOP Team
Dedicated SHOP Team Core team collectively have over 80 years of SHOP experience. This experienced group plays an essential role in managing HTI’s SHOP portfolio Lindsay Gordon Senior Vice President, Senior Housing ✓ 27-year career in senior housing in sales & operations at the community and regiona
Slide 12: Legal Notice
q ut Legal Notice
Slide 13: Disclaimer
Disclaimer References in this presentation to the “Company,” “we,” “us” and “our” refer to Healthcare Trust, Inc. (“HTI”) and its consolidated subsidiaries. The statements in this presentation that are not historical facts may be forward-looking statements. These forward-looking statements involve r
Slide 14: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation are “forward-looking statements” (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), which reflect the expectations of the Company regarding future events. The forward-looking statements involve a num
Slide 15: Forward-Looking Statements (Continued)
Forward-Looking Statements (Continued) • We may terminate our advisory agreement in only limited circumstances, which may require payment of a termination fee. • The Estimated Per-Share NAV of our common stock is based upon subjective judgments, assumptions and opinions about future events, and may
Slide 16: Appendix
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Slide 17: Definitions
Definitions Adjusted NOI: Defined as NOI (below) exclusive of funding received through the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). During the year ended December 31, 2022, $4.5 million was received by our SHOP segment through the CARES Act. No funds were received through th
Slide 18: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Year Ended December 31, 2023 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 135,449 $ 210,476 $ 345,925 Property operating and maintenance (37,954) (179,838) (217,792) NOI $ 97,495 $ 30,638 $
Slide 19: Shareholder account information
▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902-0063 ▪ Financial Advisors may view client accounts at www.computershare.com/advisorportal HealthcareTrustInc.com ▪ Shareholders may access their accounts at www.computershare.com/hti 19