EFTA01382185.pdf

American Medical Properties Financial Model: Returns Sensitivities Entry cap rate vs. Exit cap rate LW vs. Exit cap rate Entry cap rate LTV 8.50% 8.75% 9.00% 9.25% 9.50% 50.0% 55.0% 60.0% 65.0% 70.0% 8.00% 24.1% 29.2% 34.1% 38.9% 43.6% 8.00% 28.2% 30.8% 34.1% 38.2% 43.6% 8.25% 19.5% 24.5% 29.4% 34.2% 38.9% 2 5 8.25% 24.4% 26.6% 29.4% 33.0% 37.7% 4.4-) O. a. 8.50% 15.0% 20.0% 24.9% 29.7% 34.4% e 8.50% 20.7% 22.6% 24.9% 27.9% 31.9% U 8.75% 10.6% 15.6% 20.5% 25.3% 30.0% 8.75% 17.1% 18.6% 20.5% 23.0% 26.2% 9.00% 6.3% 11.4% 16.3% 21.1% 25.8% 9.00% 13.7% 14.8% 16.3% 18.1% 20.6% Entry cap rate vs. Hold period LTV vs. Cost of debt Hold period LTV 1-year 2-year 3-year 4-year 5-year 50.0% 55.0% 60.0% 65.0% 70.0% 8.00% 1.6x 1.8x 2.0x 2.1x 2.4x 5.25% 17.9% 19.6% 21.7% 24.4% 28.0% Cost of debt 8.25% 1.5x 1.7x 1.9x 2.1x 2.3x 5.50% 17.6% 19.3% 21.3% 23.9% 27.4% a. 8.50% 1.4x 1.6x 1.8x 2.0x 2.2x 5.75% 17.4% 18.9% 20.9% 23.5% 26.8% 8.75% 1.3x 1.5x 1.7x 1.9x 2.1x 6.00% 17.1% 18.6% 20.5% 23.0% 26.2% 9.00% 1.3x 1.4x 1.6x 1.8x 2 Ox 6.25% 16.8% 18.3% 20.1% 22.5% 25.6% American Medical Properties 31 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0081449 CONFIDENTIAL SDNY_GM_00227633 EFTA01382185