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At A Glance

REIT Name: Healthcare Trust Inc.

IPO Date: February 2013

Total Equity Raised: $2.0 billion

Property Focus: Healthcare

Total Properties: 163

Self-Managed: No

Advisor: Healthcare Advisors LLC

Share Redemption Plan: Yes

Website: www.thehealthcarereit2.com

Balance Sheet (as of 12/31/16) (in thousands except share data)

Total Assets $2,193,705

Total Liabilities $689,379

Shareholders' Equity $1,495,456

Shares Outstanding 89,368,899

Operating Data (01/01/16 through 12/31/16)

Total Revenues $302,566

Total Expenses $327 ,084

Net Income (Loss) $(20,874)

Net Income (Loss) Per Share $(0.24)

Cash Provided by Operations $79,410

Dividends Declared $149 ,416

Dividends Per Share $1.70

Funds From Operations (FPO) $75,733

FPO Per Share $0.862

Summary

Began IPO in February 2013. This offering closed in November 2014 upon becoming fully subscribed with gross offering proceeds of approximately $2.0 billion. As of December 31, 2016, has acquired and owns 163 properties. These properties have a total cost of approximately $2.34 billion and include 8.4 million rentable square feet. Portfolio includes 80 medical office bldgs, 58 senior housing facilities, 18 post-acute care facilities, four hospitals, two land parcels and one development property in 29 states. A total of 42 properties containing 1. 85 million rentable square feet are triplenet-leased. Total borrowings were 28% of total assets at December 31. FPO per share for 2016 was $0.862, down 6% from $0.916 for 2015. Dividends-to-FPO ratio for 2016 was 197%, up from 186% for 2016. MFPO per share for 2016 was $0.859, down 9% from $0.949 for 2015. Dividends-to-MFPO ratio for 2016 was 198%. Approximately 6.4%, 6.7% and 6.3% of leases expire in 2017, 2018 and 2019, respectively, based on annualized rents. Share repurchases for 2016 were delayed until March 2017 while company considered strategic review of alternatives to maximize shareholder value which resulted in no action taken. Company plans to expand portfolio through borrowings such that leverage is roughly 40% on a debt to total asset basis. Effective April 1, 2017, company reduced annual distribution rate from $1.70 to $1.45 per share.


Data referenced from the Direct Investments Spectrum
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