National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q2 2018 Earnings Presentation
17 slides from National Healthcare Properties's earnings presentation, Sep 6, 2018
Slide 1: Healthcare Trust, Inc. 2nd Quarter 2018 Investor Presentation
HEALTHCARE TRUST, INC. 2 nd Quarter 2018 Investor Presentation
Slide 2: Executive Summary
2 2 Executive Summary » Healthcare Trust Inc. (“HTI” or the “Company”) continues to focus on growing the net operating income (NOI) of the Company’s real estate portfolio through a combination of comprehensive asset management and selective acquisitions ▪ NOI - $37.2 million, a 2.4% increase from Q1
Slide 3: Portfolio Snapshot – 6/30/2018
3 PROPERTIES Medical Office Buildings 106 Seniors Housing – Operating 58 Seniors Housing – NNN 4 Post - Acute Care/Skilled Nursing 17 Hospitals 4 Land 2 Development 1 MOB Senior s Housing – Operating Senior s Housing – NNN (1) Post Acute/ Skilled Nursing (1) Hospitals (1) Percentage Leased 89.6% 87.
Slide 4: Portfolio Overview
46% 43% 11% MOB SHOP NNN $37.2 million $36.3 $37.2 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 Q1 2018 Q2 2018 NOI 4 Portfolio Overview NOI by Asset Type (1)(2) Q2 2018 NOI Split by Asset Type (1)(2) MOB Portfolio ▪ Q2 2018 NOI is up 2% as compared to Q1 2018 ▪ High occupancy, good tenant re
Slide 5: Debt Capitalization
5 Debt Capitalization ($mm) MOB Loan $250 Multi - Property CMBS Loan $119 Other Mortgage Loans $103 Total Mortgage Debt $472 Fannie Mae Master Credit Facilities $359 Revolving Credit Facility $160 Credit Facilities $519 Total Debt $991 Key Capitalization Metrics ($mm) Total Debt $991 Less: Cash and
Slide 6: Corporate Initiatives
Corporate Initiatives Deploy Additional Capital ▪ HTI will continue to focus on the sectors in healthcare we find most attractive, particularly medical office and seniors housing, and is actively pursuing the acquisition of high - quality properties in those sectors Actively Manage Assets to Optimiz
Slide 7: 2018 Portfolio Activity (by Asset Type)
2018 Portfolio Activity (by Asset Type) Medical Office Building Portfolio: ▪ HTI has completed the acquisition of seven MOB properties through the first half of 2018 for an aggregate contract purchase price of $31 million ▪ We continue to negotiate and execute lease extensions with existing tenants
Slide 8: Healthcare Market Overview
Healthcare Market Overview 8 ▪ Medical office fundamentals remain healthy . Expected 2 % to 3 % annual NOI growth for medical office properties . ▪ Medical office remains an attractive sector with stable cap rates, no direct government reimbursement exposure and growing demand from tenants and inves
Slide 9: Organizational Leadership
Organizational Leadership Katie Kurtz Chief Financial Officer, Secretary, and Treasurer Ms . Kurtz currently serves as the Chief Financial Officer, Treasurer and Secretary of the Company . Ms . Kurtz is also Senior Vice President, Finance for AR Global Investments, LLC (“AR Global”), the parent of t
Slide 10: SHOP Portfolio Strategic Team
SHOP Portfolio Strategic Team 10 Patrick Collins: Chief Operating Officer ▪ Patrick’s contribution to the team will be to drive operational performance of HTI's operator/manager partners ▪ His 26 year career touches upon all aspects of operating a senior housing community John Rimbach joins the advi
Slide 11: Supplemental Information
Supplemental Information Share Repurchase Program (“SRP”) : ▪ Under the Company’s amended and restated SRP, subject to certain conditions, only repurchase requests made following the death or qualifying disability of stockholders that purchased shares of the Company’s common stock or received their
Slide 12: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non - GAAP Metrics: NOI 12 Net Operating Income (NOI) Reconciliation Schedule 3 Months Ended 03/31/2018 3 Months Ended 06/30/2018 ($ in thousands) MOB NNN SHOP MOB NNN SHOP Rental Income $ 19,355 $ 5,928 $ 3 $ 25,286 $ 19,616 $ 5,921 $ 4 $ 25,541 Operating Expense Reimbursments 4,6
Slide 13: Reconciliation of Non-GAAP Metrics: MFFO
Reconciliation of Non - GAAP Metrics: MFFO 13 Modified Funds from Operations (MFFO) Reconciliation Schedule (1) Net of non - real estate depreciation and amortization . (2) Represents the portion of the adjustments allocable to non - controlling interests. 3 Months Ended 06/30/2018 ($ in thousands)
Slide 14: 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 20 , 2018 . Forward - Looking Statements This presentation m
Slide 15: 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 , 2017 and updated in our Quarterly Reports on Form 10 - Q from time to time . The following are some of the r
Slide 16: Risk Factors (Continued)
Risk Factors (Continued) ▪ We depend on tenants for our revenue and, accordingly, our revenue is dependent upon the success and economic viability of our tenants . ▪ We may not be able to achieve our rental rate objectives on new and renewal leases and our expenses could be greater, which may impact
Slide 17: 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