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Companies / Real Estate / National Healthcare Properties, Inc.
NHP

National Healthcare Properties, Inc.

Real EstateREITs
Ticker NHPNEW YORK, NYFiscal year ends DecemberBook value per share $23.39Diluted shares 45.1M

National Healthcare Properties, Inc. (ticker symbol not specified in the filing; website: www.nhpreit.com) is a real estate investment trust that acquires, owns and manages a diversified portfolio of healthcare real estate assets across the United States. The company operates through two primary reportable business… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$342.28M
−3.3% year over year
Last 12 mo $344.32M
0.96%
+35.9 percentage points
Last 12 mo 3.19%
$-57.69M
+69.7% year over year
Last 12 mo $-45.00M
-2.12%
+22 percentage points
Last 12 mo -4.26%
Cash & financing
$6.95M
+108.7% year over year
Last 12 mo $50.75M
$-21.77M
+78.6% year over year
Last 12 mo $23.78M
0.61
Was 1.67× a year earlier
Last 12 mo 0.35
28.3M
+0.1% year over year
Last 12 mo 45.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What National Healthcare Properties, Inc. does

In the company’s own words

National Healthcare Properties, Inc. (ticker symbol not specified in the filing; website: www.nhpreit.com) is a real estate investment trust that acquires, owns and manages a diversified portfolio of healthcare real estate assets across the United States. The company operates through two primary reportable business segments: Senior Housing Operating Properties (SHOP) and Outpatient Medical Facilities (OMF).

As of December 31, 2025, the company owned 167 properties and one land parcel located across 29 states. The SHOP segment comprises 37 senior housing communities containing 3,615 units, primarily consisting of assisted living communities, memory care communities and independent living communities. These properties operate under a RIDEA structure, allowing the company to participate in operational upside while bearing downside risk. The OMF segment includes 130 outpatient medical facilities totaling approximately 3.7 million square feet of gross leasable area, leased to tenants providing healthcare services including physicians' offices, diagnostic imaging centers, rehabilitation clinics, ambulatory surgery centers and other medical facilities.

The company's business model focuses on generating current income through real estate investments while maintaining REIT qualification status. The company utilizes a combination of secured and unsecured debt financing, including a $400 million revolving credit facility and Fannie Mae secured debt arrangements, to fund acquisitions and operations. The organizational structure conducts substantially all business through National Healthcare Properties Operating Partnership, L.P., a Delaware limited partnership with wholly owned subsidiaries including a taxable REIT subsidiary that leases senior housing properties.

The company employs 31 people across the United States and recently completed an internalization of its advisory and property management functions on September 27, 2024, transitioning from external advisor management to dedicated internal workforce. The company also effected a reverse stock split on September 30, 2024, combining every four shares into one share. The company's investment strategy emphasizes properties producing stable income streams while maintaining geographic diversification, though it maintains no specific limits on concentration in particular properties or geographic areas.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1561032
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-247.45M$-75.89M$95.67M$267.24M$438.80M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns National Healthcare Properties, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

86
funds hold it
0 of 35
superinvestors hold it
$180.14M
held by funds, at market
29.2%
of shares held by funds

Largest fund holders · National Healthcare Properties, Inc.’s weight in each

Real Estate Securities Fund
PRERX · Principal Funds, Inc
0.53%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Impax Small Cap Fund
PXSCX · IMPAX FUNDS SERIES TRUST I
0.85%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do National Healthcare Properties, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of National Healthcare Properties, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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