Investor Presentation - Medical Office Sector
WELL CAPITALIZED, FLEXIBLE BALANCE SHEET
HTA has completed the financing of its investments in a manner that maintains its strong, investment grade balance
sheet with 9/30/17 Leverage of 31.9% Debt to Total Capitalization and 6.2x Debt/ EBITDA
Equity Financing
B
◉
☐
☐
Debt Financing
■
☐
Raised over $1.9 Billion in common equity through overnight and ATM transactions in Q2
Maintained low leverage profile despite significant investments
Locked in cost of capital for long term accretion
Raised approximately $1.2 Billion in debt to complete the financing
$900 Million in public unsecured bonds at 3.4% average interest rate and 7.7 years average duration
$286 Million in seller financing at 4.0% maturing in 3 equal installments
Low Leverage / Limited Maturities
Debt/Total Capitalization
Well-Laddered Debt Capitalization with Limited Near-
Term Maturities
48.0%
44.0%
■Credit Facility
■Secured Mortgages
Term Loans
Unsecured Notes
Seller Financing
$2,400
$2.250
40.0%
$2,100
$1,950
36.0%
$1,800
33.1%
31.4%
31.9%
$1,650
32.0%
30.0%
30.4%
29.4%
$1,500
28.3%
$1,350
28.0%
26.2% 26.4%
Millions
$1,200
$1,050
24.0%
$900
20.0%
$750
$600
16.0%
$450
$304
$300
12.0%
$145
$150
$101
$106
3Q 15
4Q 15 1Q 16
2Q 16
3Q 16 4Q 16 1Q 17
2Q 17 3Q 17
$1
$0
2017
2018
2019
2020
2021
Investor Presentation | January 2018
$2,222
Thereafter
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