Healthcare Trust of America, Inc. (NYSE:HTA) Q2 2019 Earnings Conference Call - Final Transcript

Jul 24, 2019 • 12:00 pm ET


Healthcare Trust of America, Inc. (NYSE:HTA) Q2 2019 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to the Healthcare Trust of America Second Quarter 2019 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to Caroline Chiodo. Please go ahead.

Caroline Chiodo

Thank you and welcome the Healthcare Trust of America's Second Quarter 2019 Earnings Call. Yesterday, after the market closed, we filed our earnings release and our financial supplement. These documents can be found in the Investor Relations section of our website or with the SEC. Please note this call is being webcast and will be available for replay for the next 90 days. We will be happy to take your questions at the conclusion of our prepared remarks.

During the course of the call, we will make forward-looking statements. These forward-looking statements are based on the current beliefs of management and information currently available to us. Our actual results will not -- will be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance. Therefore, our actual future results could materially differ from our current expectations. For a detailed description on the potential risks, please refer to our SEC filings, which can be found on the Investor Relations section of our website.

I will now turn the call over to Scott Peters, Chairman and CEO of Healthcare Trust of America. Scott?

Scott Peters

Good morning and thank you for joining us today for Healthcare Trust of America's Second Quarter Earnings Conference Call. Joining me on the call today are Robert Milligan, our Chief Financial Officer; and Amanda Houghton, our Executive Vice President of Asset Management. As we start the second half of the year, HTA remains well positioned as a leader in medical office buildings with an irreplaceable portfolio, a unique full service operating platform and accretive external opportunities in our key markets, including both one-off acquisitions and increasing opportunities for development.

Combined with our fortress investment grade balance sheet, management believes we're extremely well positioned to deliver growth in shareholder returns over the next three to five years. We have talked for years about our view of the overwhelming trends in healthcare that reflects a move to an integrated outpatient experience. This delivery will take place in three settings, one, on-campus, where we have a -- we are the largest owner of MOBs in the country; two, off-campus, in the community locations where all leading healthcare providers are focusing; and three an academic university healthcare system locations where academic and healthcare combinations are critical.

Our portfolio composition reflects these trends in the critical nature of this real estate, where the best assets in each location demonstrate high levels of tenant retention and rental growth opportunities. Our portfolio and investment strategy has reflected these key trends in HTAs targeted key fast growing markets, which we believe will outperform the rest of the country. Our targeted market approach also allows us to create size