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Healthcare Trust of America begins 2019 as the largest dedicated owner and operator of medical office buildings. We are uniquely positioned as the leader in one of the most attractive real estate sectors over the next five to ten years, given the projected growth of the healthcare industry and its strategic shift into convenient, and cost effective outpatient medical office buildings. This strong demand for space, the defensive nature of the underlying healthcare business, and limited new supply creates an environment that should produce steady and consistent returns for investors and operators over time.
As a Company, HTA has strategically focused on creating overall enterprise value, through (i) a focused, disciplined, and strategic investment strategy that has created a best-in class portfolio of properties that are concentrated in 15–20 fast-growing, key markets and are positioned to meet healthcare’s changing demands; (ii) a unique, full-service operating platform that utilizes our scale and local market presence to efficiently and consistently operate our portfolio and identify areas for growth, and (iii) an investment grade balance sheet that is low levered and positioned to take advantage of growth opportunities. We have done this, all while generating strong Same Property Cash NOI that delivers bottom line performance for stockholders. When we listed our shares on the New York Stock Exchange in 2012, we highlighted our commitment to our strategic vision. I’m proud to say that since that time, we have delivered.
In the last five years, we have:
This performance allowed us to outperform the broader REIT and Healthcare REIT indices from a shareholder return perspective during this period of time.
In 2018, the public markets for MOBs were in flux, as investment themes favored high growth or high risk stocks. As a result we adjusted our execution, but continued to deliver for stockholders. During the year, we focused on specific objectives including:
Our focus in 2018 enables us to start 2019 in the best position in our 12 year history. We have the portfolio, platform, and balance sheet to perform internally and to aggressively pursue growth as we find investment opportunities that are accretive to our long-term enterprise value as well as annual earnings that deliver growth and shareholder returns over the next three to five years. I would like to thank you for your trust, support and confidence in our directors and management team, and for the personal opportunity and privilege to be Chairman and CEO of Healthcare Trust of America, Inc.
Scott D. Peters
Chairman, CEO and President
April 18, 2019