National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q4 2021 Earnings Presentation
22 slides from National Healthcare Properties's earnings presentation, Apr 7, 2022
Slide 1: Healthcare Trust, Inc. Fourth Quarter 2021 Investor Webcast Presentation
1 Healthcare Trust, Inc. Fourth Quarter 2021 Investor Webcast Presentation
Slide 2: Q4'21 Company Overview
2 Q4’21 Company Overview (1) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $23.5 mi lli on as of December 31, 2021. (2) Percentages are based on NOI for the twelve months ended December 31, 2021 and for the twelve months ended De
Slide 3: 100% MOB Original Cash Rent Collection
3 100% MOB Original Cash Rent Collection HTI collected all of the original Cash Rent and deferred rent due across the MOB portfolio in 2021 and m anagement expects to continue to collect all Cash Rent due Note: Percentages are approximate. Collection data as of Ma rch 1, 2022. Collection data includ
Slide 4: Portfolio Snapshot
4 (1) Based on square feet as of December 31, 2021 and excludes the SHOP portfolio. Including the SHOP portfolio, portfolio occupan cy would have been 83.7% as of December 31, 2021. (2) Excludes two land assets. (3) Based on total real estate investments, at cost of $2.6 billion, net of gross market
Slide 5: Dynamic Portfolio Fundamentals
5 72% 28% MOB SHOP PA 16% FL 12% IL 9% GA 9% IA 6% AZ 6% TX 6% CA 5% MI 5% WI 4% Other 22% 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 Select Geographic Mix (1) Refe
Slide 6: Strategic Partners
6 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $31 billion (1) x Streamlined SHOP portfolio operators to feature two best - in - class operators from over 15 operators in 2019 x Developed strong tenant relationships with
Slide 7: 2021 Closed Acquisitions and Acquisition Pipeline
7 2021 closed acquisitions of $160 million at a 7.7% weighted average Cap Rate includes three acquisitions closed in Q4’21 for $13 million at a 7.4% weighted average Cap Rate and an $80 million single - tenant MOB acquisition in Q3’21 with nearly 17 years of Le ase Term Remaining. 2021 closed acquis
Slide 8: Debt and Liquidity
8 Mortgage Debt ▪ $379 million mortgage loan with Capital One, at a 3.7 % interest rate fixed by swap, that matures in 2026 ▪ $119 million CMBS loan with KeyBank, at a 4.6% fixed interest rate, that matures in 2028 ▪ In the fourth quarter, HTI completed a $43 million CMBS financing with BMO, at a 2.
Slide 9: Key Operating Highlights
9 Key Operating Highlights In 2021, HTI executed on its operating initiatives by focusing on growing its portfolio of high - quality and resilient MOB assets, maintaining high MOB Occupancy and enhancing its balance sheet by improving Net Leverage and Liquidity Durable and Resilient MOB NOI Performa
Slide 10: Company Highlights
10 Company Highlights HTI remains focused on generating leasing momentum, collecting 100% of the original Cash Rent due across the MOB portfolio and acquiring high - quality MOB properties while constructing a conservative balance sheet x Collected approximately 100% of the Cash Rent due from HTI’s
Slide 11: Experienced Leadership Team
11 Experienced Leadership Team Scott Lappetito Chief Financial Officer, Secretary, and Treasurer Mr. Lappetito currently serves as the Chief Financial Officer, Treasurer and Secretary for HTI. Mr. Lappetito previously served as chief accounting officer from April 2019 until December 2021, and was th
Slide 12: Dedicated SHOP Team
12 Dedicated SHOP Team Kimberly Holmes: VP – Operational Analytics ▪ 25 year career in senior housing and hospitality ▪ Her work on financial analysis, planning and benchmarking will translate into operational plans and action items for the portfolio Susan K. Rice, RN: VP – Clinical Operations ▪ 30
Slide 13: Board of Directors
13 Board of Directors Lee M. Elman Independent Director Independent director of the Company since August 2015 Founder & President of Elman Investors Inc., an international real - estate investment banking firm 40+ years of real estate investment experience in the US and abroad Mr. Elman hold
Slide 14: Legal Notice
14 Legal Notice
Slide 15: Disclaimer
15 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 state ments
Slide 16: Forward Looking Statements
16 Forward Looking Statements Certain statements made in this presentation are “forward - looking statements” (as defined in Section 21E of the Exchange Act), w hich reflect the expectations of the Company regarding future events. The forward - looking statements involve a number of risks, uncertain
Slide 17: Forward Looking Statements (Continued)
17 Forward Looking Statements (Continued) • We focus on acquiring and owning a diversified portfolio of healthcare - related assets located in the United States and are subje ct to risks inherent in concentrating investments in the healthcare industry. • The healthcare industry is heavily regulated,
Slide 18: Appendix
18 Appendix
Slide 19: Definitions
19 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 : Capit
Slide 20: Reconciliation of Non-GAAP Metrics: NOI Twelve Months Ended December 31, 2021
20 Reconciliation of Non - GAAP Metrics: NOI Twelve Months Ended December 31, 2021 (In thousands) Medical Office Buildings Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 122,867 $ 206,488 $ 329,355 Property operating and maintenance (34,480) (171,333) (205,813) NOI $ 88,3
Slide 21: Reconciliation of Non-GAAP Metrics: NOI Three Months Ended December 31, 2021
21 Reconciliation of Non - GAAP Metrics: NOI Three Months Ended December 31, 2021 (In thousands) Medical Office Buildings Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 32,115 $ 50,638 $ 82,753 Property operating and maintenance (8,507) (45,173) (53,680) NOI $ 23,608 $ 5,
Slide 22: HealthcareTrustInc.com
22 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 at www.computershare.com/advisorportal ▪ Shareholders may access their accounts at www.computershare.com/hti