Healthcare Realty Trust Incorporated · NYSE:HR
Healthcare Realty Trust — Healthcare Trust of America — Investor Presentation (June 2014)
19 slides from Healthcare Realty Trust's investor presentation, Jun 6, 2014
Slide 1: Healthcare Trust of America, Inc. (HTA) Investor Presentation
JUNE 2014 Healthcare Trust of America, Inc. (HTA) Investor Presentation Exhibit 99.1
Slide 2: Forward Looking Statements
Leading owner of Medical Office Buildings FORWARD LOOKING STATEMENTS This document contains both historical and forward‐looking statements. Forward‐looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions a
Slide 3: HTA Overview
HTA Overview 2 Dedicated Medical Office Building Owner Core, Critical Real Estate Focused Asset Management and Leasing Disciplined, Accretive Investments Strong, Conservative Balance Sheet
Slide 4: HTA Overview
HTA Overview 3 • HTA is a leading, dedicated owner of medical office buildings (“MOBs”) in the United States. We believe medical office buildings one of the most stable healthcare real estate sectors and should generate growing income and long term appreciation over time. • The healthcare sector is
Slide 5: NYSE Listed Total Shareholder Returns
NYSE Listed Total Shareholder Returns 4 • Since Founding: Total Returns of 105%, over 9.5% per annum (1/1/2007 to 5/30/2014) • Since Listing: Total Returns of 37%, over 16% per annum (6/6/12 to 5/30/2014) • Significantly outperformed RMZ and S&P during both of these periods HTA Total Returns Since I
Slide 6: Company Snapshot
Leading owner of Medical Office Buildings Note: As of 03/31/14, unless otherwise noted 1 Includes 2014 announced acquisitions closed or under contract 2 Gross assets is defined as Total GAAP assets + accumulated real estate and depreciation and amortization 3 EBITDA for 1Q14 presented on an annualiz
Slide 7: Sector Overview
Sector Overview 6
Slide 8: Favorable Macroeconomic Trends
Favorable Macroeconomic Trends 7 Aging PopulationHealthcare Sector is Growing Sources: Centers for Medicare & Medicaid Services, U.S. Census Bureau, Bureau of Labor Statistics, Congressional Budget Office, Rosen Consulting Group 41% 38% 25% 24% 24% 18% 11% 0% 20% 40% 60% Occupational Therapists &… P
Slide 9: MOB Opportunity
MOB Opportunity Sources: Green Street Advisors, Marcus & Millichap, Rosen Consulting Group 8 Public REIT Owners 6% Other Owners 94% Large, Fragmented Industry On‐Campus is the Best Location • Hospitals create strong tenant demand and retention • Maximizes utilization of significant hospital infrastr
Slide 10: MOB Supply and Demand
MOB Supply and Demand Sources: Marcus & Millichap, Rosen Consulting Group 9 Limited New Supply • Rental rates are still below 2008 levels • Rates are now experiencing positive growth • Supply and demand could have favorable impact on rates in the future • Barriers to entry for On‐Campus MOBs • Recov
Slide 11: Portfolio Overview
Portfolio Overview 10
Slide 12: National Portfolio: 14.5 Million Square Feet in 27 States
Leading owner of Medical Office Buildings National Portfolio: 14.5 Million Square Feet in 27 States* 11 Key Markets * As of 03/31/14, including announced acquisitions closed or under contract Presence in 27 States
Slide 13: In-House Property Management Fully Integrated Asset Management Platform
Leading owner of Medical Office Buildings In‐House Property Management Fully Integrated Asset Management Platform Strong Portfolio Growth from Asset Management • 8 Regional Offices with focused leasing teams • Local property managers and building engineers covering 89% of HTA’s portfolio at 03/31/14
Slide 14: Investments Overview
Investments Overview 13
Slide 15: Investment Criteria
Leading owner of Medical Office Buildings Investment Criteria 14 Disciplined growth while focused on maintaining a strong balance sheet Key Investment Criteria (i) On‐Campus – Core, Critical Real Estate (ii) Affiliated with dominant health system expanding on‐campus (iii) Ability to service with HTA
Slide 16: 2014 Acquisitions
Leading owner of Medical Office Buildings 2014 Acquisitions 15 *Note: Includes announced acquisitions under contract or expected to close 2014 Announced Acquisitions* Total Investments ($) $200 million Geographic Locations (by GLA) Total GLA (Square Feet) 444 thousand Boston 57% Occupancy at closing
Slide 17: Financial Policies and Performance
Financial Policies and Performance 16
Slide 18: Balance Sheet Capacity
• $27 million of unrestricted cash as of 03/31/14 • $575 million credit facility availability as of 03/31/14 • Weighted average borrowing cost of 3.82% • Weighted average debt maturity of 5.0 yrs3 Strong, Flexible Balance Sheet Total Debt / 2014 EBITDA203/31/2014 Capital Structure1 1 Based on gross
Slide 19: HTA – Company Highlights
HTA – Company Highlights Medical Office Building Specialist 91.2% Leased Rate in Defensive, Growing Asset Class Low Leverage, High Liquidity Strong Industry & Macroeconomic Trends 18 Portfolio Expansion through Disciplined Acquisitions Strong Historical Returns
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