other material
confidence high
sentiment positive
materiality 0.60
Healthcare Trust reports MOB NOI of $95.5M in 2022, SHOP occupancy up to 75.1%
National Healthcare Properties, Inc.
- MOB occupancy 90.4% as of Q4 2022; forward leasing pipeline of 27,400 SF expected to raise occupancy to 90.9% and add $0.7M annual base rent.
- SHOP occupancy improved to 75.1% from 74.1% YoY; revamped marketing generating ~1,800 leads/month (+30% increase).
- Acquired 4 MOB properties for $25.3M in 2022 at 8.3% cap rate; Q1 2023 closed 2 properties for $25.2M at 7.6% cap rate.
- Net leverage 38.1%; liquidity $257M including $90M revolver availability for acquisitions; weighted avg interest rate 4.8%.
- Collected nearly 100% of original cash rent due from MOB portfolio in 2022.