Healthpeak Properties, Inc. · NYSE:DOC
Healthpeak Properties — Investor Presentation (June 2020)
15 slides from Healthpeak Properties's investor presentation, Jun 3, 2020
Slide 1: Investor Presentation Healthpeak Properties June 3, 2020
The Post Boston, MA Investor Presentation Healthpeak Properties June 3, 2020
Slide 2: Disclaimers
Disclaimers This Healthpeak Properties, Inc. (the presentation is solely for your governmental authorities to contain the COVID-19 outbreak or to treat its impact; acquisitions, dispositions, transitions, developments, redevelopments, joint information, is subject to change and speaks only as of the
Slide 3: Introduction to Healthpeak
The Cove San Francisco, CA Introduction to Healthpeak
Slide 4: Healthpeak at a Glance
Healthpeak at a Glance Key Statistics Key Differentiators High-quality private-pay portfolio with a balanced emphasis on Life Science, Medical Office and Senior Housing real estate $1.1 billion development pipeline that is 50% pre-leased(3) PEAK 636 BBB+/BAA1 $22BN 5.7% NYSE PROPERTIES INVESTMENT EN
Slide 5: Seasoned Leadership Team
Seasoned Leadership Team Tom Herzog Scott Brinker Peter Scott Chief Executive Officer President and Chief Chief Financial Officer Joined June 2016 Investment Officer Joined February 2017 Joined March 2018 Tom Klaritch Experienced Troy McHenry Chief Development and Team Chief Legal Officer and Operat
Slide 6: Focused, High-Quality Real Estate Portfolio
Focused, High-Quality Real Estate Portfolio We are well-positioned to serve the aging baby boomer demographic and capture growth Life Science Medical Office Senior Housing New and innovative drugs, treatments, and Outpatient services and specialist doctor Communities offering social activities, dail
Slide 7: Portfolio
Portfolio Nine strategic campuses / portfolios represent ~30% of total company Cash NOI(1) Life Science Medical Office Senior Housing The Cove at Oyster Point | San Francisco, CA | Stabilized / Dev. Medical City Dallas | Dallas, TX | Stabilized Discovery Portfolio | FL, GA, TX | Recent Acquisitions
Slide 8: Active Development Pipeline
Active Development Pipeline (1) Development pipeline 50% pre-leased in total, and 100% pre-leased for all major developments delivering over the next year Note: Total Costs minus Cost to Date may not equal Remaining Costs due to rounding. (1) Total Costs, Remaining Costs and Estimated Date of Stabil
Slide 9: Recent Updates
Aegis Dana Point Dana Point, CA Recent Updates
Slide 10: Recent Updates
Recent Updates Q1 2020 Updates Earnings FFO as Adjusted of $0.45 per share and blended SS Cash NOI growth of 2.0% Maintained quarterly dividend of $0.37 per share Balance Sheet and Liquidity For liquidity and leverage please see Mid-Quarter Updates below Weighted average debt maturity of 6.7 years,
Slide 11: May 2020 Preliminary Updates (Life Science, Medical Office and Hospitals)
May 2020 Preliminary Updates (Life Science, Medical Office and Hospitals) May 2020 data based on preliminary information and is Indicator As of, or for the month ended, May 31, 2020, unless otherwise noted Commentary subject to change. (SF = square feet) Life Science Occupancy 95.6% Up 90 bps since
Slide 12: May 2020 Preliminary Updates (Senior Housing)
May 2020 Preliminary Updates (Senior Housing) Indicator As of, or for the month ended, May 31, 2020, unless otherwise noted Commentary May 2020 data based on preliminary information and is subject to change. Senior Housing: SHOP(1)(2)(3) Spot Occupancy (May 31) Average Daily Census (May) Total Occup
Slide 13: Balance Sheet and Liquidity
Balance Sheet and Liquidity Liquidity Takeaways Debt Maturity Schedule $ in millions Q1 2020 ~$2.8B of liquidity as of June 1 $4,000 Net Debt to AdjustedEBITDAre 4.8x Leverage stats here FinancialLeverage 33.2% ~$300M of Cash $3,500 Adjusted Fixed Charge Coverage 4.4x Full capacity on $2.5B SecuredD
Slide 14: Appendix
Medical City Dallas Dallas, TX Appendix
Slide 15: Reconciliation
Reconciliation Q1 2020 Portfolio Income SH NNN SHOP CCRC Life Science Medical Office Other Total Portfolio Income(1) 29,255 41,010 30,469 94,367 87,382 15,787 298,271 Senior housing asset sales and (8,311) 2,354 7,022 -- -- -- 1,065 transitions(2) Other pro forma adjustments(3) -- -- -- -- (2,421) (
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