National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2020 Earnings Presentation
22 slides from National Healthcare Properties's earnings presentation, Jun 5, 2020
Slide 1: Healthcare Trust, Inc. First Quarter 2020 Investor Webcast Presentation
1 Healthcare Trust, Inc. First Quarter 2020 Investor Webcast Presentation
Slide 2: Corporate Update
2 Corporate Update HTI’s focused effort in response to the COVID - 19 crisis successfully resulted in 90% of April Cash Rent (1) collected from our Medical Office Building (“MOB”) and Triple Net Leased (“NNN”) portfolio x Resilient Portfolio Built for Long Term Success: We believe that the financial
Slide 3: April Cash Rent Collection (excludes SHOP)
3 April Cash Rent Collection (excludes SHOP) HTI’s proactive and focused effort in response to the COVID - 19 pandemic resulted in 90% of April Cash Rent collected with an additional 9% approved or under deferral Negotiation from our MOB and NNN assets 90% of MOB and NNN April Cash Rent collected x
Slide 4: Strategic Overview
4 Strategic Overview (1) Based on total real estate investments, at cost of $2.6 billion, assets held for sale at carrying value of $10.8 million, net of gross market lease intangible liabilities of $22.7 million as of March 31, 2020. Impairment charges are already reflected within gross asset value
Slide 5: Portfolio Snapshot
5 (1) Based on square feet as of March 31, 2020. Excludes SHOP and the Company’s development property in Jupiter, Florida that was sub stantially completed in the fourth quarter of 2019. Although a portion of the development property has been leased as of March 31, 2020, the property will be separat
Slide 6: Dynamic Portfolio Fundamentals
6 FL 15% PA 12% IA 8% GA 7% IL 7% MI 7% CA 5% WI 5% TX 5% AR 3% Other 26% 49% 43% 8% MOB SHOP NNN Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select high quality assets located throughout the United States Select Geographic Mix (1) Percentages are based on NOI for the 3 m
Slide 7: Strategic Partners
7 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of over $34 billion (1) x UPMC is a leading health enterprise with over 87,000 employees and 700 clinical locations x The SHOP portfolio features an offering of core operating b
Slide 8: Closed Transactions (quarter ended March 31, 2020)
8 Closed on $103.8 million of acquisitions in the first quarter, including four MOB properties for $26.3 million at a 6.9% weighted average Cap Rate and four SHOP properties encompassing 232,000 square feet for $77.5 million Closed Transactions (quarter ended March 31, 2020) Property Type State Numb
Slide 9: Debt Capitalization
9 Debt Capitalization (1) ($mm) Mortgage Notes Payable $551 Fannie Mae Master Revolving Credit Facilities $359 Total Secured Debt $910 Credit Facility – Revolving Credit Facility and Term Loan (2) $346 Total Unsecured Debt (2) $346 Total Debt $1,256 Weighted Average Interest Rate (3) 3.8% Key Capita
Slide 10: Enhanced Operating Performance
10 $88.7 $100.2 Q1 2019 Q1 2020 4.7% 3.8% Q1 2019 Q1 2020 Enhanced Operating Performance HTI remains focused on increasing revenue while driving down the cost of debt Net Operating Income (NOI) (1) Revenues from Tenants Weighted Average Interest Rate (2) ($ in millions) $35.9 $38.5 Q1 2019 Q1 2020 x
Slide 11: Company Highlights
11 Company Highlights HTI remains focused on growing the Company’s high quality MOB and SHOP portfolios while maintaining moderate leverage and decreasing the Company’s overall interest rate x HTI Received 90% of the April Cash Rent from our MOB and NNN portfolio, including 90% of the April Cash Ren
Slide 12: Experienced Leadership Team
12 Experienced Leadership Team 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 Chief Financial Officer for American Finance Trust, Inc . (NASDAQ : AFIN) . She is a ce
Slide 13: Dedicated SHOP Team
13 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 14: Board of Directors
14 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 15: Legal Notice
15 Legal Notice
Slide 16: Disclaimer
16 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 17: Forward Looking Statements
17 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 18: Forward Looking Statements (Continued)
18 Forward Looking Statements (Continued) • The healthcare industry is heavily regulated, and new laws or regulations, changes to existing laws or regulations, loss of l ice nsure or failure to obtain licensure could result in the inability of tenants to make lease payments to us. • We are depending
Slide 19: Appendix
19 Appendix
Slide 20: Definitions
20 Definitions Cap Rate : Capitalization rate is a rate of return on a real estate investment property based on the expected, annualized straight - lined rental income that the property will generate under its existing lease during its first year of ownership . Capitalization rate is calculated by d
Slide 21: Reconciliation of Non-GAAP Metrics: NOI
21 Reconciliation of Non - GAAP Metrics: NOI Three Months Ended March 31, 2020 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 26,370 $ 4,707 $ 69,158 $ 100,235 Property operating and mainten
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, statements and tax forms at www.dstvision.com ▪ Shareholders may access their accounts at www.ar - global.c