Healthpeak Properties, Inc. · NYSE:DOC
Healthpeak Properties — Corporate Update (March 2020)
10 slides from Healthpeak Properties's corporate update, Mar 24, 2020
Slide 1: Perspectives and Observations on COVID-19 Impact
Perspectives and Observations on COVID - 19 Impact March 24, 2020 35 CambridgePark Drive Boston, MA
Slide 2: Introduction
Introduction ■ The COVID - 19 pandemic continues to rapidly evolve daily, and although its ultimate outcome is uncertain, we would like to share our current observations and perspectives on each of our three core business segments, along with an update on development and our balance sheet and liquid
Slide 3: Senior Housing – Portfolio Observations
Senior Housing – Portfolio Observations 3 ■ Occupancy: Move - ins that were previously scheduled have generally continued to occur, but with significantly enhanced safety protocols, inc luding in many cases 14 - day quarantines of new residents. However, tours have started to drop significantly and
Slide 4: Life Science – Portfolio Observations
Life Science – Portfolio Observations 4 ■ Life Science in the spotlight : Several Healthpeak tenants are at the forefront in the battle against COVID - 19, from vaccine research & development, to donation of supplies. □ In many jurisdictions, Life Science tenants have been categorized as “essential”
Slide 5: Medical Office – Portfolio Observations
Medical Office – Portfolio Observations 5 ■ Impact on operations varies by market: □ Healthpeak has markets where new leasing activity and tours are proceeding (Phoenix, Denver, Las Vegas) and others that are e xpe riencing some slowdown (Nashville). □ While there are still some in - person tours, b
Slide 6: Development Update
Development Update 6 ■ General Healthpeak overview : We expect construction spend to decline versus previous expectations in 2020 due to delays in projects from slowdowns in permitting, inspections and potentially mandated construction shutdowns which varies by jurisdiction . □ In general, the major
Slide 7: Balance Sheet and Liquidity Update
Balance Sheet and Liquidity Update (1) Weighted average forward price based on overnight bank funding rates as of March 23, 2020 . (2) Reported net debt to adjusted EBITDAre for the fourth quarter of 2019 pro - forma for the Brookdale Transaction, non - core dispositions of $127 million, the settlem
Slide 8: Corporate and Human Capital Update
Corporate and Human Capital Update 8 ■ Healthpeak shifted to a remote work environment on Monday, March 16, 2020, first and foremost to promote the safety of our team and their family members. ■ The Healthpeak team, including our headquarters and satellite offices, are fully operational, virtually c
Slide 9: Disclaimers
Disclaimers This Healthpeak Properties, Inc . (the “Company”) presentation is solely for your information, is subject to change and speaks only as of the date hereof . This presentation is not complete and is only a summary of the more detailed information included elsewhere, including in our Securi
Slide 10: Healthpeak Properties
Healthpeak PROPERTIES
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