National Healthcare Properties, Inc. · NASDAQ:NHP
National Healthcare Properties — Healthcare Trust — Q1 2023 Earnings Presentation
19 slides from National Healthcare Properties's earnings presentation, Jun 2, 2023
Slide 1: Healthcare Trust, Inc. First Quarter 2023 Investor Webcast Presentation
Healthcare Trust, Inc. First Quarter 2023 Investor Webcast Presentation 1
Slide 2: Q1'23 Company Overview
Q1’23 Company Overview HTI is a $2.6 billion(1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) ✓ High-quality portfolio featuring 207 properties that are 74% MOB and 26% SHOP(2) ✓ High MOB portf
Slide 3: Portfolio Snapshot
Portfolio Snapshot HTI’s dynamic portfolio features an MOB portfolio that is approximately 91% occupied with embedded long-term cash rent growth and an over 4,300-unit SHOP portfolio with significant Occupancy upside that is operated by four operators ($ in millions and SF in thousands) MOB SHOP Ren
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 28 states and features long- term ne
Slide 5: Strategic Partners
Strategic Partners HTI leases its properties to 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 $20 billion(1) ✓ Streamlined SHOP portfolio to only four operators, i
Slide 6: Diligent Acquisition Program
Diligent Acquisition Program HTI acquired five MOB properties in Q1 2023 totaling $25.2 million at an 7.6% weighted average Cap Rate and with a 10.3 Weighted Average Lease Term Remaining ($ in millions, square feet in thousands and lease term remaining in years) Wtd. Avg. 2023 Closed Property Number
Slide 7: Capitalization Highlights
Capitalization Highlights Subsequent to Q1’23, HTI proactively completed a $240 million CMBS financing which refinanced and terminated the Company’s Credit Facility and provided approximately $39 million for general corporate purposes Debt Capitalization(3) ($mm) Q1’23 Q1’22 Balanced Capital Structu
Slide 8: Key Operating Highlights
Key Operating Highlights In Q1’23, HTI diligently acquired five MOB assets, increased MOB and SHOP NOI, and proactively developed a 64,200 SF forward Leasing Pipeline that is expected to increase MOB occupancy to 92.1% Operating Highlights Durable and Resilient MOB NOI Performance(1) ✓ Year-over-yea
Slide 9: Company Highlights
Company Highlights In the first quarter, HTI continued to focus on increasing MOB Occupancy, acquiring high- quality MOB assets, improving SHOP NOI performance, and maintaining a conservative balance sheet ✓ High-Quality Portfolio of 207 properties comprised of 74% MOB and 26% SHOP properties(1) ✓ D
Slide 10: Experienced Leadership Team
Experienced Leadership Team Michael Weil Leslie D. Michelson Scott Lappetito Chief Executive Officer Non-Executive Chairman, Audit Chief Financial Officer, Secretary, and Committee Chair Treasurer Mr. Weil was named Healthcare Trust Inc.’s chief executive officer on August 23, 2018, which went into
Slide 11: Dedicated SHOP Team
Dedicated SHOP Team John Rimbach and his core team collectively have over 110 years of SHOP experience and have been with HTI’s Advisor for nearly five years. This experienced group plays an essential role in managing HTI’s SHOP portfolio John Rimbach: President of Healthcare Facilities ▪ Former Pre
Slide 12: Legal Notice
Hea LUST INC Legal Notice
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 have substantial indebtedness and may be unable to repay, refinance, restructure or extend our indebtedness as it becomes due. Increases in interest rates could increase the amount of our debt payments. We will likely incur additional indebtedness in the f
Slide 16: Appendix
Hea LUST INC Appendix
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 March 31, 2023 Seniors Housing Medical Office — Operating (In thousands) Buildings Properties Consolidated Revenue from tenants $ 33,609 $ 53,746 $ 87,355 Property operating and maintenance (8,955) (44,928) (53,883) NOI $ 24,654 $ 8,818 $ 33
Slide 19: Shareholder account information
▪ 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