National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2018 Earnings Presentation
16 slides from National Healthcare Properties's earnings presentation, Jun 6, 2018
Slide 1: Healthcare Trust, Inc. 1st Quarter 2018 Investor Presentation
HEALTHCARE TRUST, INC. 1 st Quarter 2018 Investor Presentation
Slide 2: Executive Summary
2 2 Executive Summary » HTI showed growth in NOI and MFFO in Q1 2018, driven by improvement in the existing portfolio and new property acquisitions (1)(2)(3) ▪ NOI - $36.3 million, 18% growth from Q4 2017 ▪ MFFO - $13.8 million, 95% growth from Q4 2017 » The Company has begun implementing several as
Slide 3: Portfolio Snapshot – 3/31/2018
3 PROPERTIES Medical Office Buildings 104 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 90.2% 87.
Slide 4: Review of HTI's Portfolio
46% 43% 11% MOB SHOP NNN $36.3 million $30.9 $36.3 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 Q4 2017 Q1 2018 NOI 4 Review of HTI’s Portfolio HTI NOI by Asset Type (1)(2) Q1 2018 NOI Split by Asset Type (1)(2)(3) MOB Portfolio ▪ Q1 2018 NOI is up 8% as compared to Q4 2017 ▪ High occupancy,
Slide 5: Debt Capitalization
5 Debt Capitalization ($mm) MOB Loan $250 Other Mortgage Loans $103 Total Mortgage Debt $353 Fannie Mae Master Credit Facilities $359 Revolving Credit Facility $240 Credit Facilities $599 Total Debt $952 Key Capitalization Metrics ($mm) Total Debt $952 Less: Cash $61 Net Debt (1) $891 Real Estate As
Slide 6: Corporate Initiatives
Corporate Initiatives Deploy Additional Capital (on - going) : ▪ 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 Actively Manage Assets to Optimize
Slide 7: Q1 2018 Portfolio Activity (by Asset Type)
Q1 2018 Portfolio Activity (by Asset Type) Medical Office Building Portfolio: ▪ HTI has completed the acquisition of five MOB properties in Q1 2018 for an aggregate contract purchase price of $17 million ▪ Continue to negotiate and execute lease extensions with existing tenants and LOIs with new ten
Slide 8: Healthcare Market Overview
Healthcare Market Overview Green Street Advisors: Health Care Sector Update, March 12, 2018 8 ▪ Medical office fundamentals remain healthy . Green Street expects 2 . 5 % annual NOI growth for medical office properties between 2018 and 2022 . ▪ Medical office remains an attractive sector with stable
Slide 9: Organizational Leadership
Organizational Leadership W. Todd Jensen Chief Executive Officer and President Mr . Jensen currently serves as Chief Executive Officer and President of the Company . He is also Chief Investment Officer of our advisor, Healthcare Trust Advisors, LLC (the “Advisor”) . He has over 25 years of executive
Slide 10: Supplemental Information
Supplemental Information Share Repurchase Program (“SRP”) : ▪ Under the Company’s amended and restated SRP, subject to certain conditions, only repurchase requests made following the death or qualifying disability of stockholders that purchased shares of the Company’s common stock or received their
Slide 11: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non - GAAP Metrics: NOI 11 Net Operating Income (NOI) Reconciliation Schedule 3 months ended 3 months ended ($ in thousands) MOB NNN SHOP 12/31/2017 MOB NNN SHOP 3/31/2018 Rental income $17,514 $3,796 $2,621 $23,931 $19,355 $5,928 $3 $25,286 Operating expense reimbursements 3,877 8
Slide 12: Reconciliation of Non-GAAP Metrics: MFFO
Reconciliation of Non - GAAP Metrics: MFFO 12 Modified Funds from Operations (MFFO) Reconciliation Schedule (1) Net of non - real estate depreciation and amortization . (2) Represents the portion of the adjustments allocable to non - controlling interests. 3 months ended 3 months ended ($ in thousan
Slide 13: 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 14: 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 15: 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 16: 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