Healthpeak Properties, Inc. · NYSE:DOC
Healthpeak Properties — Investor Presentation (September 2022)
14 slides from Healthpeak Properties's investor presentation, Sep 8, 2022
Slide 1: Investor Presentation
Vantage Phase I (Rendering) South San Francisco, Vantage CA Phase I (Rendering) South San Francisco, CA Investor Presentation Healthpeak Properties September 2022
Slide 2: Disclaimers
Disclaimers This Healthpeak Properties, Inc. (the “Company”) presentation is solely for your information, and secure replacement tenants and operators and the potential renovation costs and Market and Industry Data is subject to change and speaks only as of the date hereof. This presentation is not
Slide 3: Updates Since August 3rd Earnings Call
Updates Since August 3rd Earnings Call Through August, tracking to the high-end of FY segment same-store guidance (4.0% - 5.0%) Rent collections in July and August were 99+% Life Science Biotech index (XBI) up 33%(1) since hitting YTD low on May 11, resulting in an improved capital raising environme
Slide 4: Life Science Tenant Overview
Life Science Tenant Overview
Slide 5: Life Science Tenant Overview: Detailed Breakdown
Life Science Tenant Overview: Detailed Breakdown(1)(2) Tenant Summary ~200 tenants, with the top 25 representing 50% of ABR R&D / University 6% Medical Device Top 5 tenants are Amgen, J&J, Pfizer, Bristol Myers Squibb, and Office 4% 7% AstraZeneca, collectively comprising 21% of life science ABR Pha
Slide 6: Life Science Tenant Overview: Top Tenants
Life Science Tenant Overview: Top 25 Tenants(1) Remaining Market Cap % of Life Rank Parent Name Classification Markets Lease Term ($M) Science ABR 1 Amgen(2) Large Cap Biotech 2.0 years Bay Area $128,544 8.9% 2 Johnson & Johnson(3) Pharma 6.0 years Bay Area / Boston $424,192 3.8% 3 Pfizer(4) Pharma
Slide 7: Select Recent PEAK Tenant Activity
Select Recent PEAK Tenant Activity Tenant PEAK Statistics(1) Commentary The Cove, SSF 164 sq.ft. / $12M ABR Pfizer Inc. (NYSE: PFE; $254B market cap(2)) under contract to acquire Global Blood Therapeutics for $5.4B Callan Ridge Dev’t, Torrey Pines 185 sq.ft. / $12M ABR(3) Acquired by Bristol Myers S
Slide 8: Balance Sheet
Balance Sheet
Slide 9: Pro Forma Balance Sheet and Liquidity
Pro Forma Balance Sheet and Liquidity(1)(2) Takeaways Debt Maturity Schedule $ in millions For the quarter ended June 30, 2022 Closed on $500M in term loans in $4,000 August with delayed draw feature Net Debt to Adjusted EBITDAre Leverage stats here5.1x Financial Leverage 34.2% Entered forward-start
Slide 10: Select Life Science Submarket Maps
Select Life Science Submarket Maps
Slide 11: South San Francisco Aerial
South San Francisco Aerial W East Grand / Forbes Cluster Healthpeak Oyster Existing: +/- 1.4M SF S N Point Cluster 73 Acres Existing +/- 1.9M SF 54 Acres E Sierra Point Cluster Existing: +/- 1.2M SF 43 Acres Existing PEAK Operations Active Developments Development / Redevelopment / Densification Pip
Slide 12: San Diego Aerial
San Diego Aerial 5 Callan Ridge Vista Sorrento Development Future Development Sorrento Gateway Development Sorrento Torrey Mesa Pines 805 5 University Towne Centre Downtown Active Future Investor Presentation – September 2022 12 Existing Property Development Site Development Site
Slide 13: West Cambridge Aerial
West Cambridge Aerial N E W S Cambridge Park Cluster Existing: +/- 1.1M SF 18 acres Alewife Station Alewife Cluster 36 acres of income-producing properties and future densification Assembled an additional 36 acres with future densification opportunity in Alewife to further our already market-leading
Slide 14: healthpeak.com
—~— as Healthpeak PROPERTIES
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