National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q2 2021 Earnings Presentation
21 slides from National Healthcare Properties's earnings presentation, Sep 2, 2021
Slide 1: Healthcare Trust, Inc. Second Quarter 2021 Investor Webcast Presentation
1 Healthcare Trust, Inc. Second Quarter 2021 Investor Webcast Presentation
Slide 2: Q2'21 Company Overview
2 Q2’21 Company Overview (1) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $10.2 mi lli on as of June 30, 2021. (2) Percentages are based on NOI for the six months ended June 30, 2021 and for the six months ended June 30, 2020. S
Slide 3: 100% MOB and NNN Original Cash Rent Collection
3 100% MOB and NNN Original Cash Rent Collection HTI continues to collect approximately 100% of the original Cash Rent due across the MOB and NNN portfolios in 2020 and 2021. Management expects this trend to continue Note: Percentages are approximate. Collection data as of August 15, 2021. Collectio
Slide 4: Portfolio Snapshot
4 (1) Based on square footage as of June 30, 2021 and excludes the SHOP portfolio. Including the SHOP portfolio, portfolio occupanc y w ould have been 83.2% as of June 30, 2021. (2) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $
Slide 5: Dynamic Portfolio Fundamentals
5 58% 33% 9% MOB SHOP NNN PA 16% FL 12% IL 9% GA 9% IA 6% AZ 6% TX 5% CA 5% MI 4% WI 4% Other 24% 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 Select Geographic Mix (
Slide 6: Strategic Partners
6 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $37 billion (1) x UPMC is a leading health enterprise with over 92,000 employees and 800 clinical locations x The SHOP portfolio features an offering of core operating brands
Slide 7: Year-to-date closed and pipeline acquisitions of $168 million at 7.7% Cap Rate
7 Year - to - date closed and pipeline acquisitions of $168 million at a 7.7% weighted average Cap Rate, including a pipeline of eight MOB assets to be acquired at a 7.7% weighted average Cap Rate for $124 million (1) Represents the contract purchase price and excludes acquisition costs which are ca
Slide 8: Mortgage Debt and Credit Facilities
8 Mortgage Debt ▪ $119 million, 21 property, CMBS Loan with KeyBank at a 4.6% fixed interest rate with maturity in 2028 ▪ $379 million mortgage loan with Capital One secured by 41 properties at a 3.7 % interest rate fixed by swap and maturity in 2026 ▪ The Company has six other mortgage loans with a
Slide 9: Resilient Performance
9 Resilient Performance HTI remains focused on collecting all of the original Cash Rent due across the MOB and NNN portfolios while increasing HTI’s concentration of MOB and NNN assets, which management believes to have more dependable cash flows MOB and NNN Exposure (2) Original Cash Rent Collectio
Slide 10: Company Highlights
10 Company Highlights HTI remains focused on collecting all of the original Cash Rent due across the MOB and NNN portfolios while continuing to acquire high - quality MOB and SHOP properties and maintaining moderate leverage x Collected approximately 100% of the original Cash Rent due from the Compa
Slide 11: Experienced Leadership Team
11 Experienced Leadership Team Jason Doyle Chief Financial Officer, Secretary, and Treasurer Mr. Doyle currently serves as the Chief Financial Officer, Treasurer and Secretary for HTI and also as Chief Financial Officer for American Finance Trust, Inc. (NASDAQ: AFIN). Mr. Doyle is a certified public
Slide 12: Dedicated SHOP Team
12 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 13: Board of Directors
13 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 holds a J.D.
Slide 14: Legal Notice
14 Legal Notice
Slide 15: Disclaimer
15 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
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) • No public market currently exists, or may ever exist, for shares of our common stock and our shares are, and may continue to be, illiquid. • In owning properties we may experience, among other things, unforeseen costs associated with complying with laws an
Slide 18: Appendix
18 Appendix
Slide 19: Definitions
19 Definitions Cap Rate : Capitalization rate is a rate of return on a real estate investment property based on the expected, annualized straight - lined rental income that the property will generate under its existing lease during its first year of ownership . Capitalization rate is calculated by d
Slide 20: Reconciliation of Non-GAAP Metrics: NOI
20 Reconciliation of Non - GAAP Metrics: NOI Six Months Ended June 30, 2021 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 52,803 $ 7,136 $ 104,657 $ 164,596 Property operating and maintenan
Slide 21: HealthcareTrustInc.com
21 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 at www.computershare.com/advisorportal ▪ Shareholders may access their accounts at www.computershare.com/hti