Investor Presentation - Medical Office Sector
TRACK RECORD OF CONSISTENT PERFORMANCE
Consistent Same Store Growth - 3.1% Since Listing
5.0%
4.0%
2.7%
3.0%
2.4%
2.0%
1.0%
0.0%
3.8%
3.4% 3.4%
3.3%
3.2%
3.0% 3.0% 3.1% 3.1%
3.1% 3.1%
3.3%
3.1%
3.2%
3.1%
3.0% 3.0%
3.0%
2.9%
2.9%
2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16 3Q-16 4Q-16 1Q-17 2Q-17 3Q-17
Medical office delivers consistent returns of 2-3% same-
store growth given its defensive nature and high tenant
retention
HTA's scale and property management platform has
enabled it to deliver above-average growth
Limited near term lease expirations and increasing use
of profitable in-house platform should enable continued
growth
Increasing Normalized FFO/ Share
$0.45
$0.43
$0.41
$0.39
$0.37
$0.35
$0.33
$0.31
$0.29
$0.27
$0.25
$0.32 $0.32 $0.32 $0.32 $0.32 $0.32
$0.42
$0.41 $0.41
$0.40 $0.40 $0.40
$0.39 $0.39
$0.39
$0.38
$0.38
$0.37 $0.37
$0.36 $0.36
$0.34
2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16 3Q-16 4Q-16 1Q-17 2Q-17 3Q-17
HTA's same store growth falls to the bottom line and has
driven increasing earnings per share since listing in 2012
HTA's existing infrastructure has proven ability to scale,
growing $2.7Bn in 2017 with limited increase in G&A -
an efficient platform unrivaled by direct peers
Low re-tenanting costs (10-12% of NOI vs 20%+ for
peers and traditional office) drives cash flow
performance
Investor Presentation | January 2018
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