National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2024 Earnings Presentation
19 slides from National Healthcare Properties's earnings presentation, May 30, 2024
Slide 1: Healthcare Trust, Inc. First Quarter 2024 Investor Webcast Presentation
Healthcare Trust, Inc. First Quarter 2024 Investor Webcast Presentation 1
Slide 2: Q1’24 Company Overview
Q1’24 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) High-quality portfolio featuring 208 properties that are 75% MOB and 25% SHOP(2) HTI has a forw
Slide 3: Portfolio Snapshot
Portfolio Snapshot HTI features an MOB portfolio that is approximately 91% occupied with embedded long-term cash rent growth and a SHOP portfolio totaling over 4,100-units with significant Occupancy(1) upside ($ in millions and SF in thousands) MOB SHOP Rentable Square Feet / Units (SHOP) 5,194 4,16
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 29 states and features long- term ne
Slide 5: Strategic Partners
Strategic Partners HTI tenants and partners include some of the 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 almost $20 billion(1) Streamlined SHOP portfolio to
Slide 6: Diligent Acquisition Program
Diligent Acquisition Program HTI completed one MOB acquisition in Q1’24 totaling $12.6 million at a 7.6% weighted average Cap Rate(1) ($ in millions, square feet in thousands and lease term remaining in years) Wtd. Avg. Property Number of Square Purchase Going-In 2024 Closed Transactions State Lease
Slide 7: Capitalization Highlights
Capitalization Highlights In Q1’24, HTI continued to manage its capital structure to promote financial flexibility and acquisition capacity by maintaining conservative Net Leverage(1) and adequate cash and cash equivalents Debt Capitalization ($mm) Q1’24 Balanced Capital Structure Mortgage Debt Mort
Slide 8: Key Operating Highlights
Key Operating Highlights In Q1’24, HTI continued to lease vacant space, increased both MOB and SHOP NOI, and proactively developed a 25,654 SF forward Leasing Pipeline(1)(2) that is expected to further increase MOB Occupancy(1) to 91.0%(2) Operating Highlights Durable and Resilient MOB NOI Performan
Slide 9: Company Highlights
Company Highlights In the first quarter, HTI continued to focus on increasing MOB NOI, acquiring high- quality MOB assets, improving SHOP NOI, and maintaining a conservative balance sheet High-Quality Portfolio of 208 properties comprised of 75% MOB and 25% SHOP properties(1) Diligent Acquisitio
Slide 10: Experienced Leadership Team
Experienced Leadership Team (1) Michael Anderson Leslie D. Michelson Scott Lappetito Chief Executive Officer Non-Executive Chairman, Audit Chief Financial Officer, Secretary, and Committee Chair Treasurer Mr. Anderson has served as the Chief Executive Officer since September 2023. Mr. Anderson has M
Slide 11: Dedicated SHOP Team
Dedicated SHOP Team Core team collectively has over 50 years of SHOP experience. This experienced group plays an essential role in managing HTI’s SHOP portfolio Lindsay Gordon Senior Vice President, Senior Housing 27-year career in senior housing in sales & operations at the community and regional
Slide 12: Legal Notice
Legal Notice G rl
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) • We may terminate our advisory agreement in only limited circumstances, which may require payment of a termination fee. • The Estimated Per-Share NAV of our common stock is based upon subjective judgments, assumptions and opinions about future events, and may
Slide 16: Appendix
Appendix G rl
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 Three Months Ended Three Months Ended March 31, December 31, (In thousands) 2024 2023 MOBs: Revenue from tenants $ 34,599 $ 34,262 Less: Property operating and maintenance (9,700) (10,182) Segment income (NOI) $ 24,899 $ 24,080 SHOPs: Revenue from tenants $ 53
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