National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2019 Earnings Presentation
14 slides from National Healthcare Properties's earnings presentation, May 30, 2019
Slide 1: Healthcare Trust, Inc. 1st Quarter 2019 Investor Presentation
HEALTHCARE TRUST, INC. 1 st Quarter 2019 Investor Presentation
Slide 2: Executive Summary
2 2 Executive Summary » Healthcare Trust Inc . (“HTI” or the “Company”) has a $ 2 . 6 billion ( 1 ) healthcare real estate portfolio focused on two strong and healthy segments – Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ▪ These two segments represent over 90 %
Slide 3: Portfolio Snapshot (as of March 31, 2019)
51% 42% 7% MOB SHOP NNN 3 PROPERTIES Medical Office Buildings 109 Senior Housing – Operating 58 Senior Housing – NNN 4 Post - Acute Care/Skilled Nursing 9 Hospitals 6 Land 2 Development 1 MOB Senior Housing – Operating Senior Housing – NNN (3) Post Acute/ Skilled Nursing (3) Hospitals (3) Percentage
Slide 4: Credit Facility Recast
4 Prior Credit Facility New Credit Facility Revolver $565 million $480 million Term Loan $ ⎻⎻ $150 million Total Commitments $565 million $630 million Maturity Date March 2019 March 2024 (1) Weighted - Average Effective Rate per annum (2) 4.62% 4.61% HTI continues to manage its capital structure and
Slide 5: Debt Capitalization
5 Debt Capitalization ($mm) MOB Loan $242 Multi - Property CMBS Loan $119 Other Mortgage Loans $101 Total Mortgage Debt $462 Fannie Mae Master Credit Facilities $359 New Credit Facility $234 Credit Facilities $593 Total Debt $1,055 Key Capitalization Metrics ($mm) Total Debt $1,055 Less: Cash and ca
Slide 6: Corporate Initiatives
Corporate Initiatives Deploy Additional Capital ▪ HTI will continue to focus on the sectors in healthcare that we find most attractive, particularly medical office and senior housing, and is actively pursuing the acquisition of high - quality properties in these sectors Actively Manage Assets to Opt
Slide 7: Healthcare Market Overview
Healthcare Market Overview 7 x Medical office fundamentals remain healthy . x Medical office remains an attractive sector with stable cap rates, minimal direct government reimbursement exposure and growing demand from tenants and investors . x Senior housing is expecting some growth in supply, howev
Slide 8: Organizational Leadership
Organizational Leadership 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 Senior Vice President, Finance for AR Global Investments, LLC (“AR Global”), the parent of t
Slide 9: Supplemental Information
Supplemental Information Share Repurchase Program (“SRP”) : ▪ Under the Company's SRP, as amended from time to time, qualifying stockholders are able to sell their shares to the Company i n l imited circumstances. The SRP permits investors to sell their shares back to the Company after they have hel
Slide 10: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non - GAAP Metrics: NOI 10 Net Operating Income (NOI) Reconciliation Schedule For the three months ended March 31, (In thousands) 2019 2018 Net loss attributable to stockholders (in accordance with GAAP) $ (5,111) $ (5,991) Impairment charges — 733 Operating fees to related parties
Slide 11: Important Information
Important Information Risk Factors For a discussion of the risks which should be considered in connection with our company, see the section entitled “Risk Factors” in our most recent Annual Report on Form 10 - K filed with the SEC on March 14 , 2019 . Forward - Looking Statements This presentation m
Slide 12: Risk Factors
Risk Factors Our potential risks and uncertainties are presented in the section titled “Item 1 A . Risk Factors” disclosed in our Annual Report on Form 10 - K for the year ended December 31 , 2018 and updated in our Quarterly Reports on Form 10 - Q from time to time . The following are some of the r
Slide 13: Risk Factors (Continued)
Risk Factors (Continued) • Our revenue is dependent upon the success and economic viability of our tenants, as well as our ability to collect rent from defaulting tenants, which has and may continue to adversely impact our results of operations, and replace them with new tenants, which we may not be
Slide 14: HealthcareTrustInc.com
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.com