National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2021 Earnings Presentation
21 slides from National Healthcare Properties's earnings presentation, May 27, 2021
Slide 1: Healthcare Trust, Inc. First Quarter 2021 Investor Webcast Presentation
1 Healthcare Trust, Inc. First Quarter 2021 Investor Webcast Presentation
Slide 2: Q1'21 Company Overview
2 Q1’21 Company Overview (1) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $10.5 mi lli on as of March 31, 2021. (2) Percentages are based on NOI for the three months ended March 31, 2021. See appendix for Non - GAAP reconciliati
Slide 3: First Quarter MOB and NNN Cash Rent Collection
3 First Quarter MOB and NNN Cash Rent Collection HTI continues to collect approximately 100% of the original Cash Rent due across the MOB and NNN portfolios in first quarter 2021, management expects this trend to continue Note: Percentages are approximate. Collection data as of May 15, 2021. Collect
Slide 4: (1) Based on square footage as of March 31, 2021. Excludes SHOP and the
4 (1) Based on square footage as of March 31, 2021. Excludes SHOP and the Company’s development property in Jupiter, Florida that w as substantially completed in the fourth quarter of 2019. Although a portion of the development property has been leased as of March 31, 2021, the property will be sepa
Slide 5: Dynamic Portfolio Fundamentals
5 54% 37% 9% MOB SHOP NNN FL 16% PA 15% IL 9% GA 9% IA 6% AZ 6% TX 5% CA 5% MI 4% WI 4% Other 21% Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high - quality assets located throughout the United States Select Geographic Mix (1) Percentages are based on NOI for the
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 90,000 employees and 700 clinical locations x The SHOP portfolio features an offering of core operating brands
Slide 7: Diligent Acquisition Program
7 Year - to - date closed and pipeline acquisitions of $36 million at a 8.0% weighted average Cap Rate, including six MOB assets to be acquired at a 8.0% weighted average Cap Rate for $30 million (1) Represents the contract purchase price and excludes acquisition costs which are capitalized per GAAP
Slide 8: Debt Capitalization
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 exposure to MOB and NNN assets MOB and NNN Occupancy MOB and NNN Exposure (2) Original Cash Rent Collection (3) x Year over year, MOB and NNN Occupancy
Slide 10: Company Highlights
10 Company Highlights HTI remains focused on collecting approximately 100% 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 HTI Received approximately 100% of first quarter 2021 orig
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 Three Months Ended March 31, 2021 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 26,390 $ 3,949 $ 53,097 $ 83,436 Property operating and maintena
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