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[TBU] Investor Presentation November 2020 LISTED NYSE CHCT Investor Presentation October 2025
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Investor Presentation – October 2025 2 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Community Healthcare Trust, Inc. NYSE: CHCT Market Data (as of September 30, 2025) Closing Price: $15.30 52 Week Range: $20.87 / $14.20 Market Cap: $435.6 million Enterprise Value: $962.4 million 41st Consecutive Quarter of Dividend Growth 200 Properties 315 Tenants 36 States At a Glance % of Annualized Rent moreless
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Investor Presentation – October 2025 3 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 CHCT Offers a Unique Value Proposition Management Alignment • Acquisitions must meet rigorous underwriting and return requirements – no growth for the sake of growth • Investment policy requires portfolio diversification by geography, industry segment, and tenant • A conservative, easy to understand debt structure and balance sheet • Financing policy limits debt to total capitalization to 40% except for short-term, transitory periods • Executive Management team each with over 25 years of healthcare and/ or public REIT experience • The Executive Management team takes ALL compensation in the form of restricted stock with 8-year cliff vesting – strong alignment of interest with shareholders • Tim Wallace, CEO, has acquired over 310,000 of additional shares through offerings and 10b5-1 programs Management Alignment ▪ Executive Management team with over 25 years of healthcare and/or public REIT experience on average ▪ The Executive Officers have elected to take 50% of compensation in the form of restricted stock with an up to 8-year cliff vesting – strong alignment of interest with shareholders Disciplined Approach ▪ Acquisitions must meet rigorous underwriting and return requirements – no growth for the sake of growth ▪ Investment policy requires portfolio diversification by geography, industry segment, and tenant ▪ A conservative, easy to understand debt structure and balance sheet Attractive Market ▪ Long-term industry growth tailwinds continue to drive demand and increase healthcare expenditures ▪ Government and commercial payors are seeking a lower cost site of care to deliver healthcare more efficiently ▪ Significant opportunities exist to develop and acquire high quality assets at attractive yields Strategic Vision ▪ Emphasis on smaller, off-market or lightly marketed transactions ▪ Identify needs-based, medical office, outpatient and alternate site facilities in targeted submarkets convenient to the population ▪ Utilize extensive relationships with healthcare providers, intermediaries and property owners to source attractive acquisitions
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Investor Presentation – October 2025 4 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Annotated Timeline of Key Milestones Track Record of Consistent Growth May 2015 – Community Healthcare Trust Inc. announced the pricing of its initial public offering of 6,250,000 shares of common stock at a price of $19.00 June 2019 – Surpassed $500mm in total gross real estate properties August 2015 – Declared its inaugural dividend of $0.142 per share November 2019 – Surpassed $100mm of cumulative dividends paid July 2023 - Surpassed $1bn in total gross real estate properties July 2017 – Announced the pricing of a public offering of 4,250,000 shares of common stock at a price of $23.45 December 2017 – Community Healthcare Trust added to the RMZ and S&P SmallCap 600 Index March 2021 – Amended credit facility to add a $125mm term loan maturing 2028, repaid a $50mm term loan, extended maturity of revolver to 2026 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 March 2018 – Amended credit facility to reduce pricing, fully funded its second term loan, and entered into a swap from floating to fixed on each of its term loans October 2024 – Amended credit facility to upsize and extend $400mm revolver maturing 2029; repaid a $75mm term loan August 2018 – Established initial $100mm ATM program April 2016 – Announced the pricing of a public offering of 4,500,000 shares of common stock at a price of $17.75 February 2020 – Surpassed $1bn in market capitalization December 2022 – Amended credit facility to add a $150mm term loan maturing 2030, repaid a $50mm term loan August 2016 – Entered into an amended and restated credit facility increasing revolver borrowing capacity from $75mm to $150mm December 2020 – Surpassed $738mm in total gross real estate properties
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Investor Presentation – October 2025 5 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 590% Growth Community Healthcare Trust has delivered value to its shareholders since its IPO in 2015 Dividend Increases Each Quarter Since Inception Total Asset Growth ($ in millions) Consistent Dividend Growth Track Record of Consistent Growth (cont.) $143 $252 $386 $427 $563 $668 $754 $876 $945 $993 $987 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $0.4750 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.35 0.40 0.45
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Investor Presentation – October 2025 6 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 CHCT’s proprietary investment model identifies off-market properties and quality operators at attractive cap rates ▪ Acquisition focus on smaller off market or lightly marketed transactions ▪ Avoid acquiring properties through a competitive bidding process ▪ Focus on attractive properties from third-party owners or directly with healthcare providers 1. Undervalued Asset Niche ▪ Properties are diversified across tenant, geography, healthcare facility type and industry segment ▪ Internal investment guidelines limits concentration among these segments 3. Portfolio Diversification ▪ Staggered lease maturities provide opportunity to continuously mark rental rates to market ▪ Utilize internal asset management team as well as in-market property liaisons to handle tenant needs 2. Active Asset Management Strategic Investment Model Representative Companies Representative Asset Classes Acute In-Patient Behavioral Facilities (AIB) Behavioral Specialty Centers (BSF) Inpatient Rehabilitation Facilities (IRF) Medical Office Buildings (MOB) Physician Clinics (PC) Specialty Centers (SC) Long-Term Acute Care Hospitals (LTACH) Surgical Centers and Hospitals (SCH)
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Investor Presentation – October 2025 7 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Strategic Investment Model (cont.) Recent Acquisition and Investment Pipeline Annual Investments • Six properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $146.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on these properties throughout 2025, 2026, and 2027. • Term sheet signed with an operator for the funding and development of dialysis clinics for an expected aggregate investment of up to $60.0 million with expected aggregate returns of approximately 9.5%. At this time there are no properties under definitive purchase agreement related to this term sheet. • Currently negotiating and performing due diligence procedures customary for these types of transactions. ($ in millions) Investment Pipeline $140.7 $129.1 $147.8 $69.4 $152.0 $127.2 $102.7 $106.8 $99.8 $75.2 $36.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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Investor Presentation – October 2025 8 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Diversification by StateDiversification by Property Type Tenant Number of Properties Annualized Revenue(1) (in thousands) % of Annualized Rent LifePoint Health 5 $9,513 8.7 % US Healthvest 3 $8,136 7.4 % Post Acute Medical 2 $5,561 5.1 % Summit Behavioral Healthcare 1 $3,264 3.0 % Assurance Health 6 $3,247 3.0 % Worcester Behavioral Innovations Hospital 1 $2,772 2.5 % Oceans Behavioral 2 $2,589 2.4 % Blue Cross Blue Shield of Louisiana 1 $2,474 2.3 % Radiology Regional 7 $2,427 2.2 % Mercy Rehabilitation-Northwest Arkansas 1 $2,296 2.1 % All Others 171 $67,146 61.3 % 200 $109,425 100.0 % (1) Annualized revenue was calculated by multiplying base rent for the month of September 2025 by 12 MOB, 36.0% IRF, 21.5% AIB, 13.0% SC, 8.7% PC, 8.6% BSF, 6.2% SCH, 3.9% LTACH, 2.1% TX, 16.8% FL, 10.3% OH, 10.1% IL, 9.8% PA, 5.8% All Others, 47.2% Diversified and Stable Portfolio Portfolio is spread across 36 states through a wide range of operators and facility types Diversification by Tenant As of September 30, 2025, the portfolio was leased to approximately 315 separate tenants. The Top 3 tenants account for 21.2% of annualized rent.
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Investor Presentation – October 2025 9 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Designed to incent management retention and focus on long-term growth and profitability ▪ Each Named Executive Officer has elected to take 50% of their salary, bonus, and annual incentive compensation in stock with an up to 8-year cliff vesting ▪ All employees are shareholders in the Company ▪ Restricted shares are subject to forfeiture in the event of voluntary termination Solely determined at the discretion of the Compensation Committee ▪ Annual incentive award metrics include both individual and Company performance metrics ▪ Long term equity incentive award metrics include three-year total shareholder return both absolute and relative to the Company peer group, which are subject to threshold, target, and maximum levels ▪ Restricted shares and restricted share units are subject to forfeiture in the event of a voluntary termination Experienced Management Team Alignment of Interest Program Executive Incentive Program David H. Dupuy Board Member, Chief Executive Officer & President Joined May 2019 • SunTrust Robinson Humphrey, Managing Director, Healthcare Investment Banking Group • Bank of America, SVP - Healthcare Group • Bachelor of Arts & Master of Business Administration: Furman University and Vanderbilt University, respectively Bill Monroe Executive Vice President & Chief Financial Officer Joined June 2023 • Truist Securities, Managing Director, Healthcare Investment Banking Group • J.P. Morgan Securities, Syndicated & Leveraged Finance • Bachelor of Science & Master of Business Administration: Davidson College and Tuck School of Business at Dartmouth, respectively Leigh Ann Stach Executive Vice President & Chief Accounting Officer Founder May 2015 • Healthcare Realty (NYSE: HR), VP - Financial Reporting • Hospital Corporation of America, Financial Reporting • Bachelor of Science in Accounting: Western Kentucky University
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Investor Presentation – October 2025 10 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 ▪ Annual election of all board members ▪ No stockholder rights plan and restrictions in place to prevent one in the future ▪ Opted out of Maryland anti-takeover provisions and restrictions in place to prevent future opt-in ▪ Insiders do not control enough votes to veto a merger or business combination ▪ Stockholder vote required to approve amendment to bylaws ▪ Only one non-independent director (Mr. Dupuy) ▪ Stockholder proxy access for director nominations Key Governance Provisions Strong Corporate Governance Independent Members of Board of Directors Alan Gardner - Chairman • Retired Senior Relationship Manager healthcare group - pharmaceutical, medical device and services sectors for companies with market caps greater than $5 billion – Wells Fargo • Former head of healthcare lending – Fleet Boston Financial • Former Managing Director Healthcare Group – Bank of America Securities Bob Hensley - Chairman of Audit Committee • Senior Advisor to healthcare and transaction advisory services groups - Alvarez and Marsal • Former Partner and Office Manager Partner – Arthur Andersen and Ernst & Young • Board of Directors – Serves on several private company Boards Claire Gulmi - Chairperson of Compensation Committee • Retired Executive VP and CFO – Envision Healthcare • Former Executive VP and CFO – AmSurg Corp • Former CFO - Jacques-Miller Inc.– real estate company • Former Board Member of AmSurg Corp and AirMethods; serves on the advisory Board of Belmont University’s Massey Graduate School of Business; and serves or has served on several local not-for-profit or private company Boards R. Lawrence Van Horn - Chairman of Environmental Social and Governance Committee • Lead Independent Director, Chair of Compensation and Governance Committees • Board Chair - Savida Health • Board Chair - Advanced Behavioral Solutions • Board of Advisors - Sidecar Health • Professor of Economics & Management, Emeritus – Vanderbilt University • Member, CEO Council, Council Capital Cathrine Cotman - Board Member • Senior Vice President, Corporate Real Estate - LPL Financial • Former Global Alliance Director - Cresa Global • Former Senior Managing Director - Newmark Knight Frank
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Investor Presentation – October 2025 11 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Healthcare Industry Tailwinds Source: CMS, US Census Bureau, CDC, Statista, Centers for Medicare and Medicaid Services, KFF Aging U.S. Population Drives Healthcare Expenditures Healthcare’s Growing Importance ▪ Healthcare spending accounted for 18.3% of US Gross Domestic Product (GDP) in 2021 – Projected to grow from $4.3Tn in 2021 to reach $7.2Tn by 2031 – Represents a 5.5% average annual growth rate and a projected 19.7% of GDP by 2031 ▪ The U.S. 65+ age group is growing five times faster than the country’s population – Grew by 34% during the past decade – Over 10,000 Baby Boomers turn 65 every day – By 2030, there will be over 73 million people in the U.S. aged 65+, representing ~21% of the entire population ▪ ~95% of adults aged 60+ have one or more chronic conditions ▪ Older Adults (aged 65+) while only 17% of the population, accounted for approximately 37% of all health care spending in 2020 ▪ Per person personal health care spending for the 65 and older population was $22,356 in 2020, over 5 times higher than spending per child ($4,217) and almost 2.5 times the spending per working-age person ($9,154) Commentary
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Investor Presentation – October 2025 12 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Healthcare Industry Tailwinds (cont.) Source: CMS, US Census Bureau, CDC, Statista, Centers for Medicare and Medicaid Services, KFF ▪ Procedures traditionally performed in acute care hospitals are increasingly moving to specialty and outpatient facilities ▪ Studies show that outpatient visits per 1,000 have grown 30.3% from 1999-2021, whereas inpatient admissions per 1,000 have declined 19.3% ▪ Shift can be linked to advances in clinical science, technology, pain management, improved medical protocols, shifting consumer preferences, limited or inefficient space in existing hospitals, and lower costs in the outpatient environment ▪ This continuing shift increases the need for additional outpatient facilities and smaller, more specialized hospitals and rehabilitation facilities Commentary Technology, Cost, and Consumer Preference Shift Delivery of Care
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Investor Presentation – October 2025 13 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Conservative Balance Sheet Community Healthcare Trust maintains a stable and conservative balance sheet Debt / Gross Real Estate Value Debt to Capitalization Credit Product Amount ($mm) Rate Hedge Hedge Rate Revolving Credit Facility $400 (i) SOFR plus 1.15% to 1.75% or (ii) base rate plus 0.15% to 0.75% Partial - $75mm 3.8% A-4 Term Loan Due March 2028 $125 (i) SOFR plus 1.65% to 2.30% or (ii) base rate plus 0.65% to 1.30% Yes 3.6% A-5 Term Loan Due March 2030 $150 (i) SOFR plus 1.65% to 2.30% or (ii) base rate plus 0.65% to 1.30% Yes 5.6% Debt Composition Key Balance Sheet Metrics Debt Maturity Schedule ($ in millions) Source: Company Filings, Capital IQ 40.2% 40.5% 41.4% 42.0% 42.5% 42.7% 44.0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 38.0% 38.9% 40.0% 40.3% 41.0% 41.6% 43.1% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $125.0 $256.0 $150.0 A-4 Term loan Revolving credit facility A-5 Term loan 2025 2026 2027 2028 2029 2030 $0.0 $50.0 $100.0 $150.0
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Investor Presentation – October 2025 14 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Weighted Average Lease Term of 6.7 Years Annualized Lease Revenue Lease Maturity Year Number of Leases Expiring Amount ($) (in thousands) % of Total 2025 8 $905 0.8 % 2026 86 12,352 11.3 % 2027 64 7,660 7.0 % 2028 67 9,680 8.8 % 2029 44 9,056 8.3 % 2030 37 6,958 6.4 % 2031 26 10,300 9.4 % 2032 21 3,050 2.8 % 2033 11 1,409 1.3 % 2034 19 11,629 10.6 % Thereafter 43 35,432 32.4 % Month-to-Month 12 994 0.9 % Total 438 $109,425 100.0 % Lease Maturity Schedule Percent of Annualized Lease Revenue by Maturity Lease Maturity Schedule Note: Total portfolio was approximately 90.1% leased in the aggregate, excluding real estate assets held for sale, at September 30, 2025 with lease expirations ranging from 2025 through 2045. .8% 11.3% 7.0% 8.8% 8.3% 6.4% 9.4% 2.8% 1.3% 10.6% 32.4% .9% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Thereafter MTM
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Investor Presentation – October 2025 15 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 CHCT’s Unique Value Proposition Attractive Healthcare Market Smaller, Off-market Acquisitions Disciplined Growth Diversified Portfolio Shareholder Alignment Conservative Balance Sheet
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Investor Presentation – October 2025 16 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Indicative Portfolio Parkway Professional Plaza | Lakeland, FL (Tampa) Northeast Orthopaedics | San Antonio, TX Skin MD | Orland Park, IL (Chicago) Prairie Star I | Shawnee, KS (Kansas City)
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Investor Presentation – October 2025 17 R: 0 G: 51 B: 160 R: 100 G: 100 B: 100 R: 0 G: 93 B: 170 R: 0 G: 0 B: 0 R: 83 G: 194 B: 255 R: 0 G: 30 B: 250 R: 193 G: 193 B: 193 R: 0 G: 51 B: 108 Indicative Portfolio (cont.) DaVita Dialysis | Pahrump, NV (Las Vegas) Monroe Surgical Hospital | Monroe, LA Londonderry Centre | Waco, TX Smokey Point Behavioral Hospital | Marysville, WA (Seattle)
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Investor Presentation – October 2025 This presentation has been prepared by Community Healthcare Trust Incorporated (the “Company”) solely for informational purposes based on its own information, as well as information from public sources. This presentation does not constitute an offer to sell, nor a solicitation of an offer to buy, any securities of the Company by any person in any jurisdiction in which it is unlawful for such person to make such an offering or solicitation. Any offering of securities will be made only by means of an applicable prospectus. Neither the Securities and Exchange Commission (“SEC”) nor any other regulatory body has passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense. Except as otherwise indicated, this presentation speaks as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof. Certain of the information contained herein may be derived from information provided by industry sources. The Company believes that such information is accurate and that the sources from which it has been obtained are reliable. This presentation contains forward-looking statements. In particular, statements pertaining to the Company’s capital resources, property, performance and results of operations contain forward-looking statements. You can identify forward-looking statements by the use of forward-looking terminology such as ‘‘believes,’’ ‘‘expects,’’ ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘seeks,’’ ‘‘approximately,’’ ‘‘intends,’’ ‘‘plans,’’ ‘‘pro forma,’’ ‘‘estimates’’ or ‘‘anticipates’’ or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods which may be incorrect or imprecise and we may not be able to realize them. The Company cannot guarantee that the acquisition transactions and events described herein will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: defaults on or non-renewal of leases by its tenants; adverse economic or real estate developments, either nationally or in the markets in which the Company’s properties are located; decreased rental rates or increased vacancy rates; difficulties in identifying healthcare properties to acquire and completing acquisitions; the Company’s ability to make distributions on its shares; the Company’s dependence upon key personnel whose continued service is not guaranteed; the Company’s ability to identify, hire and retain highly qualified personnel in the future; the degree and nature of the Company’s competition; general economic conditions; the availability, terms and deployment of debt and equity capital; general volatility of the market price of the Company’s common stock; changes in the Company’s business or strategy; changes in governmental regulations, tax rates and similar matters; new laws or regulations or changes in or repeals of existing laws and regulations that may adversely affect the healthcare industry; trends or developments in the healthcare industry that may adversely affect the Company’s tenants; competition for acquisition opportunities; effects on global and national markets as well as businesses resulting increased inflation, rising interest rates, supply chain disruptions, labor conditions, prolonged government shutdown or budgetary restrictions or impasses, tariffs and global trade tensions, the conflicts in Ukraine and the Middle East; the Company’s failure to successfully develop, integrate and operate acquired properties and operations; changes in generally accepted accounting principles in the United States (“GAAP”); lack of or insufficient amounts of insurance; other factors affecting the real estate industry generally; the Company’s failure to maintain our qualification as a real estate investment trust (“REIT”) for U.S. federal income tax purposes; limitations imposed on the Company’s business and our ability to satisfy complex rules in order for the Company to qualify as a REIT for U.S. federal income tax purposes; and changes in governmental regulations or interpretations thereof, such as real estate and zoning laws and increases in real property tax rates and taxation of REITs. The forward-looking statements contained in this presentation reflect the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to the Company. If a change occurs, the Company’s business, prospects, financial condition, liquidity and results of operations may vary materially from those expressed in the Company’s forward-looking statements. You should carefully consider all risks before you make an investment decision with respect to the Company’s common stock. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes. You are encouraged to read the Company’s SEC filings in their entirety, including the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward Looking Statements.” This presentation includes information regarding sellers/proposed tenants and we have not independently verified this information. We have no reason, however, to believe this information is inaccurate in any material respect. 18 Disclaimer