American Healthcare Reit, Inc. · NYSE:AHR
American Healthcare Reit — Griffin-American Healthcare REIT IV — Investor Presentation (April 2021)
18 slides from American Healthcare Reit's investor presentation, Apr 29, 2021
Slide 1: Griffin-American Healthcare REIT IV
“Me GRIFFINT\7 AMERICAN % HEALTHCARE REIT i Ag | carrrat bg AMERICAN SECURITIES HEALTHCARE INVESTORS ns of wealth
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements made today may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, includi
Slide 3: Company Update
Company Update “Ui GRIFFIN o AMERICAN HEALTHCARE REIT
Slide 4: Expertise & Management of Co-Sponsors
Expertise * Management of Co-Sponsors* APPROXIMATELY $4.2 BILLION” OF HEALTHCARE MANAGEMENT TEAM 2006 = & ESTABLISHED ASSETS UNDER . & MANAGEMENT SS= COMBINED TRANSACTIONS ACQUIRED AND DISPOSED 2) OF MORE THAN a? BILUGP $16 BILLION® COMMERCIAL Ba REAL ESTATE Ml | HEALTHCARE igs SINCE 1990 Era PROPER
Slide 5: Portfolio Construction — Historic Overview
Portfolio Construction — Historic Overview GAHR IV Portfolio () (as of 12/31/20) (1) With the exception of the ‘Total Investments’ balance, GAHR IV Total Investments $1.1 billion portfolio data as of 12/31/20 ae excludes an interest in a joint Gross leasable area (Sq Ft) 4.9 million venture which ow
Slide 6: Portfolio Map (as of 12/31/20)
Portfolio Map (a oF 12/31/20) . . . ° ° eee e Le e eo 6 ° ° @ Medical Office Buildings @ Senior Housing ® Skilled Nursing Facilities ai GRIFFIN 7 AMERICAN HEALTHCARE REIT TOTAL INVESTMENTS: $1.1 BILLION “© STATES: 28 © # OF BUILDINGS: 94 © ° = ok? of s 6 ° ° A ° 2 e e ° ° 4 5 e° . o 7 ° ° o 7 ®& < N
Slide 7: Lease Expiration Schedule
Lease Expiration Schedule ¢e:cr12s1/20 Focus on Managing Risk through Long Weighted-Average Remaining Lease Terms 50% 40% 30% 20% 10% 0% a) Zz | [| io lz || | | | || 2021 92022-2023) 2024) 2025) 2026) 2027 = 2028) 2029) 2030) 2031+ Note: Based upon total gross leasable area scheduled to expire, excl
Slide 8: Portfolio Composition (as of 12/31/20)
Portfolio COMPOSITION (as oF 12/31/20) Diversified Across Clinical Asset Classes with Higher Concentration in Medical Office Buildings PORTFOLIO BREAKDOWN BY ASSET TYPE ACQUISITION SOURCING (2) Seller Direct MOB 6.7% 55.6% Senior Housing 33.6% Listed 54.0% Unlisted 39.3% 10.8% Note: Allocations base
Slide 9: Impact of COVID-19 on Portfolio — Overview
Impact of COVID-19 on Portfolio — Overview The Pandemic Disrupted Healthcare Real Estate Performance through 2020 and into 2021 Beginning in March 2020, government-imposed business closures and banning of elective surgical procedures dramatically impacted all three of our healthcare real estate asse
Slide 10: Impact of COVID-19 on Portfolio (Cont'd.)
Impact of COVID-19 on Portfolio (Cont'd.) Our Medical Office Buildings Segment Faced Immediate Pressures Due to Government Restrictions but Rebounded Swiftly and Continues to Perform Well * The majority of our medical office tenants were initially deemed “non-essential” during the stay-at-home order
Slide 11: Impact of COVID-19 on Portfolio (Cont'd.)
Impact of COVID-19 on Portfolio (Cont'd.) Senior Housing Segment Experienced Immediate Occupancy and Expense Pressures that have Dragged on into 2021, While our Skilled Nursing Facility Segment Benefitted from More Resilient Property Occupancy * Government stay-at-home orders and self-imposed admiss
Slide 12: Outlook for Healthcare Real Estate
Outlook for Healthcare Real Estate Healthcare Real Estate is Expected to Rebound Due to the Needs-Based Nature of the Asset Class . Due to a variety of factors and the relative inelasticity of demand for the asset class, publicly-traded healthcare REITs typically trade at higher premiums to net asse
Slide 13: Distributions
Distributions We Will Continue to Evaluate our Distribution Policy and Ability to Increase Distributions to Pre-Pandemic Levels © In March 2020, our leadership took swift and decisive action to address the pandemic-induced threats to our portfolio . We immediately eliminated or postponed non-essenti
Slide 14: Updated Net Asset Value
Updated Net Asset Value* Per Share Net Asset Value — 9/30 Does not Reflect Any Portfolio/NAV Premium + Dividends Since Inception: $2.65!) $9.22 We have Announced an Updated NAV per Share of $9.22 + Year-over-year decline of ~3.4% was due to the significant impact of the pandemic (prior year estimate
Slide 15: Stanger Lifecycle REIT Performance Rankings
Stanger Lifecycle REIT Performance Rankings 6s of 12/31/20 Rank Program 1 Year 3 Year 5 Year 3 Year 5 Year 1 Cole Office & Industrial REIT (CCIT IN), Inc. - Class A 459% 7.16% 10.44% 1 2 2 — Strategic Storage Trust IV, Inc. - Class A 7.12% 7.24% 2 2 2 3 Griffin-American Healtheare REITIV, Ine.-Class
Slide 16: Strategic Alternatives Process
Strategic Alternatives Process Our Board of Directors has Formed a Special Committee to Evaluate Strategic Alternatives + In October 2020, the board of directors established a special committee comprised of its three independent directors to evaluate strategic alternatives for GAHR IV. Subsequently,
Slide 17: Insider Stock Investments as of 12/31/20
Insider Stock InvestMeNts 6s oF 12/31/20 The three founders of AHI and management team have long since established what we believe is one of the greatest alignments of interests between a sponsor company and stockholders in the history of the non-traded REIT industry + Approximately $4.9M of insider
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