The following is a summary of the Healthcare Trust, Inc. 7.375% CUM RED REP PFD STK SER A (HTIA) Q4 2023 Earnings Call Transcript:
Financial Performance:
Healthcare Trust's net operating income grew by over $10 million or 8.7% across their portfolio in 2023 compared to 2022, including a substantial increase in the Senior Housing segment.
Their total tenant revenue and net loss also showed significant improvements, with the acquisition of several medical office building properties adding to their portfolio's value.
The company's net leverage was at 43.7% as of the end of 2023.
Business Progress:
In 2023, the company signed multiple new leases and lease renewals, including a strong forward leasing pipeline set to increase occupancy in the coming year.
They plan to keep pursuing strategic acquisitions and dispositions while maintaining an active capital structure management strategy.
Their portfolio remains geographically diversified across 33 states and mostly composed of MOB assets.
More details: Healthcare Trust Inc IR
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