National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2018 Earnings Presentation
15 slides from National Healthcare Properties's earnings presentation, Mar 26, 2019
Slide 1: Healthcare Trust, Inc. 4th Quarter 2018 Investor Presentation
HEALTHCARE TRUST, INC. 4 th Quarter 2018 Investor Presentation
Slide 2: Executive Summary
2 2 Executive Summary » Healthcare Trust Inc . (“HTI” or the “Company”) has a $ 2 . 6 billion 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 % of HT
Slide 3: Portfolio Snapshot (as of December 31, 2018)
3 PROPERTIES Medical Office Buildings 111 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 (1) Post Acute/ Skilled Nursing (1) Hospitals (1) Percentage Leased 88.4% 85.7% 100.
Slide 4: Portfolio Overview (Full Year 2018)
$125 $141 $0 $20 $40 $60 $80 $100 $120 $140 $160 FY 2017 FY 2018 NOI 4 Portfolio Overview (Full Year 2018) Net Operating Income (1) NOI Split by Asset Type (1)(2) MOB Portfolio ▪ Acquired 12 MOB properties and one land parcel for an aggregate contract purchase price of approximately $ 72 million SHO
Slide 5: Credit Facility Recast
5 Prior Credit Facility New Credit Facility Revolver $565 million $480 million Term Loan $ ⎻⎻ $150 million Total Commitments $565 million $630 million Maturity Date March 2019 March 2024 (1) Weighted - Average Effective Rate per annum (2) 4.62% 4.61% HTI continues to manage its capital structure and
Slide 6: Debt Capitalization and Key Capitalization Metrics
6 Debt Capitalization ($mm) MOB Loan $250 Multi - Property CMBS Loan $119 Other Mortgage Loans $102 Total Mortgage Debt $471 Fannie Mae Master Credit Facilities $359 Prior Credit Facility $243 Credit Facilities $602 Total Debt $1,073 Key Capitalization Metrics ($mm) Total Debt $1,073 Less: Cash and
Slide 7: Corporate Initiatives
Corporate Initiatives Deploy Additional Capital ▪ HTI will continue to focus on the sectors in healthcare that we find most attractive, particularly medical office and senior housing, and is actively pursuing the acquisition of high - quality properties in these sectors Actively Manage Assets to Opt
Slide 8: Healthcare Market Overview
Healthcare Market Overview 8 x Medical office fundamentals remain healthy . x Medical office remains an attractive sector with stable cap rates, minimal direct government reimbursement exposure and growing demand from tenants and investors . x Senior housing is expecting some growth in supply, howev
Slide 9: Organizational Leadership
Organizational Leadership Katie Kurtz Chief Financial Officer, Secretary, and Treasurer Ms . Kurtz currently serves as the Chief Financial Officer, Treasurer and Secretary of the Company . Ms . Kurtz is also Senior Vice President, Finance for AR Global Investments, LLC (“AR Global”), the parent of t
Slide 10: Supplemental Information: Share Repurchase Program
Supplemental Information Share Repurchase Program (“SRP”) : ▪ Under the Company’s amended and restated SRP, subject to certain conditions, only repurchase requests made following the death or qualifying disability of stockholders that purchased shares of the Company’s common stock or received their
Slide 11: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non - GAAP Metrics: NOI 11 Net Operating Income (NOI) Reconciliation Schedule Year Ended 12/31/2017 Year Ended 12/31/2018 ($ in thousands) MOB NNN SHOP MOB NNN SHOP Rental Income $ 67,390 $ 21,023 $ 6,739 $ 95,152 $ 79,210 $ 23,484 $ 14 $ 102,708 Operating Expense Reimbursements 15
Slide 12: 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 13: 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 14: 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 15: 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