National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2019 Earnings Presentation
22 slides from National Healthcare Properties's earnings presentation, Apr 1, 2020
Slide 1: Healthcare Trust, Inc. Fourth Quarter 2019 Investor Webcast Presentation
1 Healthcare Trust, Inc. Fourth Quarter 2019 Investor Webcast Presentation
Slide 2: Disclaimer
2 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 state ments i
Slide 3: COVID-19 Update
3 COVID - 19 Update HTI has taken additional measures to ensure the health and safety of our tenants and residents while continuing to seek to acquire high quality assets that we believe will provide long - term value to the Company x Market Disruption: The challenges of COVID - 19 will impact every
Slide 4: Strategic Overview
4 Strategic Overview (1) Based on total real estate investments, at cost of $2.5 billion, assets held for sale at carrying value of $70.7 million, net of gross market lease intangible liabilities of $22.3 million as of December 31, 2019. (2) Based on NOI for the 12 months ended December 31, 2019 . (
Slide 5: Portfolio Overview
5 (1) Based on square feet as of December 31, 2019. Excludes SHOP and the Company’s development property in Jupiter, Florida that w as substantially completed in the fourth quarter of 2019. Although a portion of the development property has been leased as of December 31, 2019, the property will be s
Slide 6: Dynamic Portfolio Fundamentals
6 Other 26% FL 14% PA 14% GA 7% IA 7% MI 7% IL 6% WI 6% CA 5% AZ 4% AR 4% 49% 43% 8% MOB SHOP NNN Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select high quality assets located throughout the United States Select Geographic Mix (1) Based on NOI for the year ended December
Slide 7: Strategic Partners
7 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of over $27 billion (1) x UPMC is a leading health enterprise with over 87,000 employees and 700 clinical locations x The SHOP portfolio features an offering of core operating b
Slide 8: Closed acquisitions in 2019 and 2020
8 Closed over $85 million of acquisitions in 2019 at a weighted average Cap Rate of 7.5% and an additional $104 million closed between December 31, 2019 and March 31, 2020 at a 6.9% weighted average Cap Rate Closed Transactions (year ended December 31, 2019) Property Type State Number of Properties
Slide 9: Debt Capitalization
9 Debt Capitalization (1) ($mm) Mortgage Notes Payable $ 528 Fannie Mae Master Revolving Credit Facilities $359 Total Secured Debt $ 887 Credit Facility – Revolving Credit Facility and Term Loan (2) $251 Total Unsecured Debt (2) $251 Total Debt $ 1,138 Weighted Average Interest Rate (3) 4.0% Key Cap
Slide 10: Enhanced Operating Performance
10 4.5% 3.9% Q4 2018 Q4 2019 Enhanced Operating Performance HTI remains focused on increasing revenue while driving down the cost of debt Net Leverage Revenues from Tenants Weighted Average Mortgage Interest Rate $92 $93 Q4 2018 Q4 2019 ($ in millions) 38.7% 38.0% Q4 2018 Q4 2019 x Revenue from tena
Slide 11: Company Highlights
11 Company Highlights HTI remains focused on growing the Company’s high quality MOB and SHOP portfolio while maintaining moderate leverage x High Quality Portfolio of 193 healthcare properties comprised of 49% MOB, 43% SHOP and 8% NNN properties (1) x Robust Acquisition Program of $ 189.2 million co
Slide 12: Experienced Leadership Team
12 Experienced Leadership Team Katie Kurtz Chief Financial Officer, Secretary, and Treasurer Ms . Kurtz currently serves as the Chief Financial Officer, Treasurer and Secretary of the Company . Ms . Kurtz is also Chief Financial Officer for American Finance Trust, Inc . (NASDAQ : AFIN) . She is a ce
Slide 13: Dedicated SHOP Team
13 Dedicated SHOP Team Kimberly Holmes: VP – Operational Analytics ▪ 25 year career in senior housing and hospitality ▪ Her work on financial analysis, planning and benchmarking will translate into operational plans and action items for the portfolio Susan K. Rice, RN: VP – Clinical Operations ▪ 30
Slide 14: Board of Directors
14 Board of Directors Lee M. Elman Independent Director Independent director of the Company since August 2015 Founder & President of Elman Investors Inc., an international real - estate investment banking firm 40+ years of real estate investment experience in the US and abroad Mr. Elman hold
Slide 15: Legal Notice
15 Legal Notice
Slide 16: Forward Looking Statements
16 Forward Looking Statements Certain statements made in this presentation are “forward - looking statements” (as defined in Section 21E of the Exchange Act), w hich reflect the expectations of the Company regarding future events. The forward - looking statements involve a number of risks, uncertain
Slide 17: Forward Looking Statements (Continued)
17 Forward Looking Statements (Continued) • We are depending on our Advisor to select investments and conduct our operations. Adverse changes in the financial condition of our Advisor and its affiliates or our relationship with our Advisor could adversely affect us. • We are obligated to pay fees, w
Slide 18: Appendix
18 Appendix
Slide 19: Definitions
19 Definitions Lease Term Remaining : Current portfolio calculated from December 31 , 2019 . Pipeline calculated from estimated acquisition date through the contractual lease term . Weighted based on square feet . Net Debt : Total debt of $ 1 . 1 billion per slide 9 less cash and cash equivalents of
Slide 20: Reconciliation of Non-GAAP Metrics: NOI Three Months Ended December 31, 2019
20 Reconciliation of Non - GAAP Metrics: NOI Three Months Ended December 31, 2019 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 24,010 $ 3,781 $ 64,719 $ 92,510 Property operating and maint
Slide 21: Reconciliation of Non-GAAP Metrics: NOI Twelve Months Ended December 31, 2018
21 Reconciliation of Non - GAAP Metrics: NOI Twelve Months Ended December 31, 2018 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 99,103 $ 19,617 $ 243,686 $ 362,406 Property operating and m
Slide 22: HealthcareTrustInc.com
22 HealthcareTrustInc.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902 - 0063 ▪ Financial Advisors may view client accounts, statements and tax forms at www.dstvision.com ▪ Shareholders may access their accounts at www.ar - global.c