National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q3 2018 Earnings Presentation
14 slides from National Healthcare Properties's earnings presentation, Dec 4, 2018
Slide 1: Healthcare Trust, Inc. 3rd Quarter 2018 Investor Presentation
HEALTHCARE TRUST, INC. 3 rd Quarter 2018 Investor Presentation
Slide 2: Executive Summary
2 2 Executive Summary » Healthcare Trust Inc. (“HTI” or the “Company”) has a $2.5 billion healthcare real estate portfolio focused on two strong and healthy segments – Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ▪ These two segments represent over 90% of HTI’s n
Slide 3: Portfolio Snapshot (as of September 30, 2018)
3 PROPERTIES Medical Office Buildings 110 Senior Housing – Operating 58 Senior Housing – NNN 4 Post - Acute Care/Skilled Nursing 17 Hospitals 4 Land 2 Development 1 MOB Senior Housing – Operating Senior Housing – NNN (1) Post Acute/ Skilled Nursing (1) Hospitals (1) Percentage Leased 88.7% 85.9% 100
Slide 4: Portfolio Overview
$94 $104 $0 $20 $40 $60 $80 $100 $120 YTD 9/30/2017 YTD 9/30/2018 NOI 4 Portfolio Overview Net Operating Income (1) NOI Split by Asset Type – YTD Q3 2018 (1)(2) MOB Portfolio ▪ Acquired eleven MOB properties and one land parcel through the first nine months of 2018 for an aggregate contract purchase
Slide 5: Debt Capitalization
5 Debt Capitalization ($mm) MOB Loan $250 Multi - Property CMBS Loan $119 Other Mortgage Loans $102 Total Mortgage Debt $471 Fannie Mae Master Credit Facilities $359 Revolving Credit Facility $190 Credit Facilities $549 Total Debt $1,020 Key Capitalization Metrics ($mm) Total Debt $1,020 Less: Cash
Slide 6: Corporate Initiatives
Corporate Initiatives Deploy Additional Capital ▪ HTI will continue to focus on the sectors in healthcare that we find most attractive, particularly medical office and senior housing, and is actively pursuing the acquisition of high - quality properties in those sectors Actively Manage Assets to Opt
Slide 7: Healthcare Market Overview
Healthcare Market Overview 7 x Medical office fundamentals remain healthy . x Medical office remains an attractive sector with stable cap rates, no direct government reimbursement exposure and growing demand from tenants and investors . x Senior housing segment is expecting some growth in supply, ho
Slide 8: Organizational Leadership
Organizational Leadership Katie Kurtz Chief Financial Officer, Secretary, and Treasurer Ms . Kurtz currently serves as the Chief Financial Officer, Treasurer and Secretary of the Company . Ms . Kurtz is also Senior Vice President, Finance for AR Global Investments, LLC (“AR Global”), the parent of t
Slide 9: Supplemental Information
Supplemental Information Share Repurchase Program (“SRP”) : ▪ Under the Company’s amended and restated SRP, subject to certain conditions, only repurchase requests made following the death or qualifying disability of stockholders that purchased shares of the Company’s common stock or received their
Slide 10: Reconciliation of Non-GAAP Metrics: NOI
Reconciliation of Non - GAAP Metrics: NOI 10 Net Operating Income (NOI) Reconciliation Schedule 9 Months Ended 9/30/2017 9 Months Ended 9/30/2018 ($ in thousands) MOB NNN SHOP MOB NNN SHOP Rental Income $ 49,876 $ 21,337 $ 8 $ 71,221 $ 58,729 $ 17,773 $ 11 $ 76,513 Operating Expense Reimbursments 11
Slide 11: 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 12: 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 13: 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 14: 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