National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2022 Earnings Presentation
19 slides from National Healthcare Properties's earnings presentation, Apr 6, 2023
Slide 1: Fourth Quarter 2022 Investor Webcast Presentation
Healthcare Trust, Inc. Fourth Quarter 2022 Investor Webcast Presentation 1
Slide 2: Q4'22 Company Overview
Q4’22 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ✓ High-quality portfolio featuring 200 healthcare properties that are 78% MOB and 22% SHOP(2) ✓ Hig
Slide 3: Portfolio Snapshot
Portfolio Snapshot HTI’s dynamic portfolio features an MOB portfolio that is 90% occupied with embedded long-term cash rent growth and an over 4,300-unit SHOP portfolio with significant Occupancy upside that is operated by four operators ($ in millions and SF in thousands) MOB SHOP Rentable Square F
Slide 4: Dynamic Portfolio Fundamentals
Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high-quality MOB and SHOP assets throughout the United States and increasing portfolio Occupancy Portfolio Highlights High-Quality Portfolio ✓ MOB portfolio that is diversified across 28 states and features long- term ne
Slide 5: Strategic Partners
Strategic Partners HTI leases its properties to top healthcare brands in well-established markets MOB SHOP ✓ DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $16 billion(1) ✓ Streamlined SHOP portfolio to only four operators, i
Slide 6: Diligent Acquisition Program
Diligent Acquisition Program HTI completed four MOB acquisitions in 2022 totaling $25.3 million at an 8.3% weighted average Cap Rate and a 2023 closed acquisition pipeline of $25.2 million at a 7.6% weighted average Cap Rate ($ in millions, square feet in thousands and lease term remaining in years)
Slide 7: Capitalization Highlights
Capitalization Highlights As of Q4’22, HTI maintained Net Leverage(1) of 38.1% and Liquidity(1) of $257 million, including approximately $140 million(2) for acquisitions and general corporate purposes Debt Capitalization(3) ($mm) Q4’22 Q4’21 Balanced Capital Structure Mortgage Notes Payable $585 $59
Slide 8: Key Operating Highlights
Key Operating Highlights In 2022, HTI continued to diligently acquire MOB assets and increase MOB NOI, proactively lease available MOB space, and revamp its SHOP portfolio which resulted in increased SHOP Occupancy Operating Highlights Durable and Resilient MOB NOI Performance(1) ✓ Year-over-year, N
Slide 9: Company Highlights
Company Highlights In the fourth quarter, HTI continued to focus on increasing Occupancy, acquiring high- quality MOB assets, enhancing its SHOP assets, and maintaining a conservative balance sheet ✓ High-Quality Portfolio of 200 healthcare properties comprised of 78% MOB and 22% SHOP properties(1)
Slide 10: Experienced Leadership Team
Experienced Leadership Team Michael Weil Leslie D. Michelson Scott Lappetito Chief Executive Officer Non-Executive Chairman, Audit Chief Financial Officer, Secretary, and Committee Chair Treasurer Mr. Weil was named Healthcare Trust Inc.’s chief executive officer on August 23, 2018, which went into
Slide 11: Dedicated SHOP Team
Dedicated SHOP Team John Rimbach and his core team collectively have over 110 years of SHOP experience and have been with HTI’s Advisor for nearly five years. This experienced group plays an essential role in managing HTI’s SHOP portfolio John Rimbach: President of Healthcare Facilities ▪ Former Pre
Slide 12: Legal Notice
Hea LUST INC Legal Notice
Slide 13: Disclaimer
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 statements involve r
Slide 14: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation are “forward-looking statements” (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), which reflect the expectations of the Company regarding future events. The forward-looking statements involve a num
Slide 15: Forward-Looking Statements (Continued)
Forward-Looking Statements (Continued) • The healthcare industry is heavily regulated, and we, our tenants, and operators may be impacted by new or existing laws or regulations, or changes to these laws or regulations, such as the CARES Act and the auditing and reporting requirements instituted by t
Slide 16: Appendix
Hea LUST INC Appendix
Slide 17: Definitions
Definitions Annualized Straight-Line Base Rent: Represents the total contractual base rents on a straight-line basis to be received throughout the duration of the lease currently in place expressed as a per annum value. Includes adjustments for non-cash portions of rent. Cap Rate: Capitalization rat
Slide 18: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non-GAAP Metrics: NOI Year Ended December 31, 2022 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 131,444 $ 204,402 $ 335,846 Property operating and maintenance (35,945) (177,499) (213,444) NOI $ 95,499 $ 26,903 $
Slide 19: ▪ For account information, including ▪ Financial Advisors may view client ▪ Shareholders may
▪ 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 HealthcareTrustInc.com ▪ Shareholders may access their accounts at www.computershare.com/hti 19