National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q3 2023 Earnings Presentation
19 slides from National Healthcare Properties's earnings presentation, Dec 7, 2023
Slide 1: Healthcare Trust, Inc. Third Quarter 2023 Investor Webcast Presentation
Healthcare Trust, Inc. Third Quarter 2023 Investor Webcast Presentation 1
Slide 2: Q3'23 Company Overview
Q3’23 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ✓ High-quality portfolio featuring 204 properties that are 77% MOB and 23% SHOP(2) ✓ Strong leasing
Slide 3: Portfolio Snapshot
Portfolio Snapshot HTI’s dynamic portfolio features an MOB portfolio that is approximately 91% occupied with embedded long-term cash rent growth and an over 4,100-unit SHOP portfolio with significant Occupancy upside that is operated by four(1) operators ($ in millions and SF in thousands) MOB SHOP
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 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 $21 billion(1) ✓ Streamlined SHOP portfolio to only four(2) operators
Slide 6: Diligent Acquisition Program
Diligent Acquisition Program HTI has a four-property Acquisition Pipeline(1)(2) which brings the total YTD 2023 closed and pipeline acquisitions to $48 million at an average going-in cap rate of 7.0% and a weighted average lease term remaining of 11.7 years ($ in millions, square feet in thousands a
Slide 7: Capitalization Highlights
Capitalization Highlights In Q3’23, HTI continued to manage its capital structure to ensure financial flexibility and acquisition capacity by maintaining conservative Net Leverage(1) and adequate cash and cash equivalents Debt Capitalization ($mm) Q3'23 Balanced Capital Structure Mortgage Debt Mortg
Slide 8: Key Operating Highlights
Key Operating Highlights In Q3’23, HTI acquired two MOB assets, continued to lease vacant space, increased MOB NOI and SHOP revenue, and proactively developed a 12,472 SF forward Leasing Pipeline(1)(2) that is expected to increase MOB Occupancy(1) to 91.1%(2) Operating Highlights Durable and Resilie
Slide 9: Company Highlights
Company Highlights In the third quarter, HTI continued to focus on increasing MOB NOI, acquiring high- quality MOB assets, improving SHOP revenue, and maintaining a conservative balance sheet ✓ High-Quality Portfolio of 204 properties comprised of 77% MOB and 23% SHOP properties(1) ✓ Diligent Acquis
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 was appointed Chief Executive Officer in September 2023. Mr. Anderson has Mr. Mich
Slide 11: Dedicated SHOP Team
Dedicated SHOP Team Core team collectively have over 80 years of SHOP experience and have been with HTI’s Advisor for nearly five years. 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 hou
Slide 12: Legal Notice
Hea WUST INC 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 have substantial indebtedness and may be unable to repay, refinance, restructure or extend our indebtedness as it becomes due. Increases in interest rates could increase the amount of our debt payments. We will likely incur additional indebtedness in the f
Slide 16: Appendix
Hea WUST INC Appendix
Slide 17: Definitions
Definitions Acquisition Pipeline: Includes LOIs fully executed by both parties as of November 1, 2023. There can be no assurance that the LOIs will lead to acquisitions on their current terms, or at all. Acquisition Pipeline should not be considered an indication of future performance. Annualized St
Slide 18: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Three Months Ended September 30, 2023 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 33,657 $ 52,029 $ 85,686 Property operating and maintenance (9,379) (44,947) (54,326) NOI $ 24, 278 $ 7,082
Slide 19: ▪ For account information, including ▪ Financial Advisors may view client ▪ Shareholders may
▪ 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