National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Nareit REITweek Conference 2025
21 slides from National Healthcare Properties's conference presentation, June 2025
Slide 1: Nareit REITweek Conference
Nareit REITweek [Title] Conference June 2025 [Month Year]
Slide 2: Portfolio Overview
Portfolio Overview [Title] The NHP Portfolio represents an attractive blend of assets uniquely positioned to capitalize on the aging of America [Month Year] SHOP 31% Senior 44 3,939 78.5% $37.7M Housing Operating Communities Units(1) % Occupied(2) Cash NOI (Annualized) % Cash NOI Outpatient 136 3.9M
Slide 3: Financial Update
Financial Update [Title] Quarterly Portfolio Cash NOI(1) ($M) Nareit Funds from Operations ($M) Net Debt to Annualized Adjusted EBITDA 13.7x [Month Year] $4.1 $4.1 (4.0x) $3.6 $3.5 $1.2 10.4x 9.7x $28.3 $28.6 $29.0 ($17.7) 3Q24 4Q24 1Q25 3Q24 4Q24 1Q25 3Q24 4Q24 1Q25 Assets Owned as of 1Q25 Sold Ass
Slide 4: Senior Housing Operating
[Title] [Month Year] Senior Housing Operating
Slide 5: SHOP Sector Fundamentals
SHOP Sector Fundamentals [Title] • The first Baby Boomers are entering their early 80s – the prime cohort for needs-based Assisted Living and Memory Care 1 Demographic Tailwinds • The population of Americans aged +80 is expected to grow 4.1% / year through 2040(1), fueling long term secular demand [
Slide 6: SHOP Operating Performance
SHOP Operating Performance [Title] NHP has demonstrated the ability to capitalize upon the generational opportunity offered by Senior Housing real estate SHOP Occupancy(1) SHOP RevPOR [Month Year] $5,908 78.5% +6.0% +3.1% 75.4% +1.6% +2.1% $5,572 73.8% $5,456 1Q23 1Q24 1Q25 1Q23 1Q24 1Q25 1) Average
Slide 7: SHOP Portfolio Overview
SHOP Portfolio Overview [Title] Portfolio Headlines SHOP Unit Mix Operator Relationships Partner Communities % NOI 44Year] [Month 3,939 Assisted Living Memory Care 52% 18 69% 25% Communities Units(1) % of Units 20 21% 78.5% 98% Independent Living 22% % Occupied(2) % Private Pay Other 6 10% SNF < 1%
Slide 8: SHOP Geographic Distribution
SHOP Geographic Distribution [Title] Prairie Hills at Cedar Rapids Cedar Rapids, IA 44 12 3,939 Addington Place of Shiloh Shiloh, IL Communities States Units [Month Year] Courtyard Fountains 1 Renaissance on Peachtree Gresham, OR 2 Atlanta, GA 3 10 1 6 1 1 2 3 Meadowbrook Senior Living Addington Pla
Slide 9: Outpatient Medical Facilities
[Title] [Month Year] Outpatient Medical Facilities
Slide 10: OMF Sector Fundamentals
OMF Sector Fundamentals [Title] • National Health Expenditures (NHE) represent ~18% of GDP(1) • CMS anticipates that NHE growth will average 5.6% / year 1 Demographic Tailwinds through 2032(1) due to the aging of America • Per-capita healthcare spending for those 65 and older is 2.5x [Month Year] th
Slide 11: OMF Portfolio Overview
OMF Portfolio Overview [Title] The NHP OMF Portfolio was curated with a focus on tenant Mount Vernon Medical Building Mount Vernon, WA quality and cash flow stability 136Year] [Month 3.9M 90.5% 2.3% 67% OMF Assets Gross % Leased Avg. Annual % Health System Leasable Area Escalator Affiliated(1) Frede
Slide 12: OMF Tenant / Geographic Distribution
OMF Tenant / Geographic Distribution [Title] OMF Market Distribution 136 27 3.9M OMF Assets States Area # Market MSA Rank Asset # % Area % ABR 1 Harrisburg, PA 94 11 14.0% 14.0% 2 Chicago, IL 3 12 9.1% 7.8% [Month Year] 1 3 Phoenix, AZ 10 9 6.2% 5.0% 4 Atlanta, GA 8 9 6.2% 6.3% 5 1 5 Milwaukee, WI 4
Slide 13: OMF Expiration Schedule
OMF Expiration Schedule [Title] Expirations within NHP’s OMF Portfolio are well laddered. Expirations in 2026 and 2027 are at below-average rates, providing an opportunity to capture upside upon reversion. OMF Expirations by Year (% Leased Area) [Month Year] 15% 14% 12% 11% 11% 11% 8% 7% 5% 4% 3% 20
Slide 14: Corporate Matters
[Title] [Month Year] Corporate Matters
Slide 15: Management Team
Management Team [Title] Michael Anderson Scott Lappetito President & Chief Executive Officer Chief Financial Officer & Treasurer • President & CEO since September 2023; • Chief Financial Officer and Treasurer since Member of Board of Directors since 2024 [Picture – S. Lappetito] December 2021; Licen
Slide 16: Strategic Priorities
Strategic Priorities [Title] • Internalization of management completed during FY 2024, 1 Internalized Management full satisfaction of related consideration in 1Q 2025 • No incremental Senior Leadership hires expected [Month Year] • Recently completed $0.3bn of OM-centric dispositions, increasing por
Slide 17: Proactive Pruning Demonstrates Value
Proactive Pruning Demonstrates Value [Title] • Dispositions serve to demonstrate portfolio value, Recent Asset Dispositions improve overall asset quality, and provide Transaction(2) Period Amount ($M) Area Cap Rate(3) proceeds for reducing balance sheet leverage OMF – Seven Assets 3Q 2024 $ 50.5 326
Slide 18: Capitalization / Debt Maturities
Capitalization / Debt Maturities [Title] Capitalization 100% 9.7x 11.5x Instrument Maturity Amount ($M) Coupon(1) % of Debt Fixed / Net Debt / Net Debt + Preferred / Fannie Mae Facility 11/2026 $ 339.1 6.9% Hedged / Capped(3) Ann. Adj. EBITDA Ann. Adj. EBITDA CONA OMF Facility(2) 12/2026 21.7 6.5% C
Slide 19: Disclaimers
[Title] [Month Year] Disclaimers
Slide 20: Disclaimers
Disclaimers [Title] Forward Looking Statements References in this presentation to the “NHP,” the “Company,” “we,” “us” and “our” refer to National Healthcare Properties, Inc. and its consolidated subsidiaries. This presentation may contain “forward-looking” statements as defined in the Private Secur
Slide 21: www.nhpreit.com
[Title] [Month Year] www.nhpreit.com
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