Healthcare Trust Inc
OTC:HLTC
Healthcare Trust Inc
Healthcare Trust Inc is a US-based company operating in Equity Real Estate Investment Trusts (REITs) industry. The company is headquartered in New York City, New York. The company went IPO on 2020-03-30. Healthcare Trust, Inc. is a real estate investment trust. The firm seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings (MOBs), seniors housing operating properties (SHOPs) and other healthcare-related facilities. The company operates through three segments: MOBs, triple-net leased healthcare facilities and SHOPs. Its MOB segment owns, manages and leases single and multi-tenant MOBs where tenants are required to pay their pro-rata share of property operating expenses, which may be subject to expense exclusions and floors, in addition to base rent. The triple-net leased healthcare facilities segment owns, manages and leases seniors housing properties, hospitals, post-acute care and skilled nursing facilities under long-term triple-net leases, and tenants are generally directly responsible for all operating costs of the respective properties. The SHOP segment invests in seniors housing properties.
Healthcare Trust Inc is a US-based company operating in Equity Real Estate Investment Trusts (REITs) industry. The company is headquartered in New York City, New York. The company went IPO on 2020-03-30. Healthcare Trust, Inc. is a real estate investment trust. The firm seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings (MOBs), seniors housing operating properties (SHOPs) and other healthcare-related facilities. The company operates through three segments: MOBs, triple-net leased healthcare facilities and SHOPs. Its MOB segment owns, manages and leases single and multi-tenant MOBs where tenants are required to pay their pro-rata share of property operating expenses, which may be subject to expense exclusions and floors, in addition to base rent. The triple-net leased healthcare facilities segment owns, manages and leases seniors housing properties, hospitals, post-acute care and skilled nursing facilities under long-term triple-net leases, and tenants are generally directly responsible for all operating costs of the respective properties. The SHOP segment invests in seniors housing properties.
Portfolio Growth: NHP posted strong same-store cash NOI growth of 12.2% year-over-year, with standout 27.2% growth in its senior housing (SHOP) portfolio.
Occupancy & Rates: SHOP portfolio occupancy rose 100 basis points quarter-over-quarter to 83.7%, and September spot occupancy reached 84.9%. SHOP rate (RevPOR) increased 4.5% year-over-year to $6,125.
Financial Performance: Nareit-defined funds from operations (FFO) were $6.7 million or $0.23 per share, and adjusted FFO was $10.4 million or $0.36 per share, both up $0.04 per share compared to last quarter.
Leverage Reduction: Net debt to annualized adjusted EBITDA decreased to 8.9x, benefiting from 5% quarter-over-quarter growth in annualized adjusted EBITDA.
IPO Preparation: NHP advanced preparations for a public listing, including reducing leverage and improving disclosures. The company expects to finalize an unsecured credit facility by early 2026, then confidentially file for IPO.
Preferred Buyback: About $4.5 million of preferred stock was repurchased at an 11.9% yield, which management says was accretive to FFO and AFFO.
