Healthcare Realty Trust Incorporated · NYSE:HR
Healthcare Realty Trust — Corporate Update (May 2020)
9 slides from Healthcare Realty Trust's corporate update, May 6, 2020
Slide 1: COVID-19 Business Update May 6, 2020
COVID-19 Business Update May 6, 2020
Slide 2: Forward-looking statements disclaimer
This presentation contains disclosures that are “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that do not relate solely to histori
Slide 3: COVID-19 Update
COVID-19 Update PATIENTS PROVIDERS EMPLOYEES • Coordinating with hospitals to restrict • 51% of tenants are hospitals • HR employees are working from home access to fewer points of entry and • Our average not-for-profit hospital where possible screen patients for symptoms tenant had 229 days cash on
Slide 4: April Rent Update
April Rent Update Non-hospital tenants and more elective specialties largely explain differences in deferral rates across the portfolio % OF TOTAL % OF HR DEFERRAL TOTAL REQUESTS PORTFOLIO TENANT TYPE BY SQUARE FEET Hospital 5% 51% Non-Hospital 95% 49% Average Square Feet per Lease 3,376 4,416 SPECI
Slide 5: Specialty Deferral Prevalence
Specialty Deferral Prevalence Elective specialties have higher rates of deferral requests but are a smaller portion of HR’s total portfolio % OF HR'S TOTAL APRIL RENT DEFERRAL PREVALENCE (1) 9% 60% 8 DE FE 50 R R A 7 L P 52% R E V A L 6 E 40 N C E ( 1) 5 30 4 3 20 SPECIALTIES' 2 APRIL RENT 10 1 0% 0
Slide 6: Market Deferral Prevalence
Market Deferral Prevalence Variance in deferral prevalence across geographical markets primarily driven by ratio of non-hospital tenancy HR’S % OF RENT FROM NON-HOSPITAL TENANTS BY MARKET (1) DEFERRAL PREVALENCE (2) 80% 25% 72% 70 DEFERRAL PREVALENCE 20 60 19% (2) 50 15 40 10 30 20 17% 5 10 0% 0 0 H
Slide 7: Top Market Reopening Starts
Top Market Reopening Starts Elective procedures in HR’s top markets began selectively reopening by the end of April and were halted an average of 34 days DALLAS SEATTLE NASHVILLE CHARLOTTE LOS ANGELES MARCH 19 DAY CLOSED 22 23 23 26 APRIL ELECTIVE PROCEDURES 22 22 BEGIN REOPENING 29 30 27 MAY TODAY
Slide 8: Leasing & Investments
Leasing & Investments LEASING INVESTMENTS • 1Q leasing statistics were strong, in line with the • Active 1Q with 7 MOBs acquired for an historic stability of the portfolio investment of $102M at a blended 5.8% cap rate • 343,000 square feet of renewals • State and federal emergency declarations • 11
Slide 9: Liquidity and Debt Update
Liquidity and Debt Update AS OF MARCH 31, 2020 Total Remaining Months Effective LIQUIDITY Available Balance Available to Maturity Rate Unsecured credit facility, net of cash $700,000 $111,630 $588,370 38 1.89% 5-year unsecured term loan 200,000 200,000 - 50 3.20% (1) $738M total available liquidity
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