Investor Presentation - Medical Office Sector slide image

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 PAGE 30
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