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National Healthcare Properties, Inc. logo

National Healthcare Properties, Inc.

NHPAP

NASDAQReal EstateREIT - Healthcare Facilities

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Previous close

$25.215

+$0.0149 · +0.06%

Aug 21, 4:00 PM ET

NHPAP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

51

Fair Value

Momentum

56

Neutral

Sentiment

53

Mixed

Risk resilience

83

Low Risk

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Company profile

Company website

National Healthcare Properties, Inc. functions as a real estate investment trust, with its activities centered on Medical Office Buildings and Senior Housing Operating Properties. Established on October 15, 2012, the firm maintains its corporate headquarters in New York, NY.

Industry
REIT - Healthcare Facilities
Sector
Real Estate
Headquarters
US
CEO
Michael R. Anderson
Listed since
Dec 9, 2019
Employees
26

Market position

Day range

Current $25.215

52-week range

Current $25.215

Open
$25.21
Previous close
$25.2001
Volume
13.79K
0.76× average
Average volume
18.22K
Average daily volume
Market cap
713.94M USD
Beta
0.54
Market reference 1
50-day average
$23.5571
+7.04% above average
200-day average
$20.7334
+21.62% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.47B USD
P/E (TTM)
-109.78×
P/B (TTM)
1.48×
P/S (TTM)
2.08×
EV / EBITDA
14.54×
Earnings yield
-13.10%
Free cash flow yield
-4.95%
Dividend yield
7.05%

Profitability & efficiency

Gross margin
27.53%
Operating margin
4.33%
Net margin
-13.04%
Return on equity
-9.60%
Return on assets
-3.37%
Return on invested capital
0.19%

Financial health

Debt / equity
0.82×
Current ratio
0.41×
Altman Z-score
-0.7
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%10%-26%-63%Gross margin, FY2021: 37.51%Gross margin, FY2022: 36.45%Gross margin, FY2023: 37.04%Gross margin, FY2024: 37.49%Gross margin, FY2025: 36.05%Operating margin, FY2021: -11.37%Operating margin, FY2022: -9.39%Operating margin, FY2023: -1.37%Operating margin, FY2024: -34.92%Operating margin, FY2025: 0.96%Net margin, FY2021: -25.86%Net margin, FY2022: -23.67%Net margin, FY2023: -20.90%Net margin, FY2024: -53.62%Net margin, FY2025: -16.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 37.51%. Gross margin FY2022 36.45%. Gross margin FY2023 37.04%. Gross margin FY2024 37.49%. Gross margin FY2025 36.05%. Operating margin FY2021 -11.37%. Operating margin FY2022 -9.39%. Operating margin FY2023 -1.37%. Operating margin FY2024 -34.92%. Operating margin FY2025 0.96%. Net margin FY2021 -25.86%. Net margin FY2022 -23.67%. Net margin FY2023 -20.90%. Net margin FY2024 -53.62%. Net margin FY2025 -16.83%.

Income trends

Revenue

342.28M USD-3.25%

Operating income

3.3M USD+126.84M USD

Net income

−57.62M USD+69.62%
Income trends across reported periods408.14M USD190.75M USD−26.65M USD−244.05M USDRevenue, FY2021: 329.36M USDRevenue, FY2022: 335.85M USDRevenue, FY2023: 345.93M USDRevenue, FY2024: 353.79M USDRevenue, FY2025: 342.28M USDOperating income, FY2021: −37.44M USDOperating income, FY2022: −31.54M USDOperating income, FY2023: −4.74M USDOperating income, FY2024: −123.54M USDOperating income, FY2025: 3.3M USDNet income, FY2021: −85.18M USDNet income, FY2022: −79.49M USDNet income, FY2023: −72.3M USDNet income, FY2024: −189.7M USDNet income, FY2025: −57.62M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 329.36M USD. Revenue FY2022 335.85M USD. Revenue FY2023 345.93M USD. Revenue FY2024 353.79M USD. Revenue FY2025 342.28M USD. Operating income FY2021 −37.44M USD. Operating income FY2022 −31.54M USD. Operating income FY2023 −4.74M USD. Operating income FY2024 −123.54M USD. Operating income FY2025 3.3M USD. Net income FY2021 −85.18M USD. Net income FY2022 −79.49M USD. Net income FY2023 −72.3M USD. Net income FY2024 −189.7M USD. Net income FY2025 −57.62M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue342.28M USD353.79M USD345.93M USD335.85M USD329.36M USD
Cost of goods sold218.9M USD221.15M USD217.79M USD213.44M USD205.81M USD
Gross profit123.38M USD132.65M USD128.13M USD122.4M USD123.54M USD
Selling, general, and administrative24.19M USD22.74M USD18.93M USD17.29M USD16.83M USD
Operating expenses120.08M USD256.19M USD132.87M USD153.94M USD160.98M USD
Interest income272K USD1.05M USD734K USD27K USD61K USD
Interest expense71.65M USD69.45M USD66.08M USD51.74M USD47.9M USD
Depreciation and amortization80.15M USD84.07M USD82.87M USD82.06M USD79.73M USD
Operating income3.3M USD−123.54M USD−4.74M USD−31.54M USD−37.44M USD
Net income−57.62M USD−189.7M USD−72.3M USD−79.49M USD−85.18M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 1 miss, 0 met estimates
Average EPS surprise
-13.04%
1 comparable report
Latest EPS result
-0.13
Estimate -0.12 · Miss by 13.04%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.990.31-0.37-1.05Q3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26MissQ4 '26Estimate
Q3 2025, reported Aug 5, 2025: actual -0.85, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 5, 2025: actual -0.56, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 20, 2026: actual -0.91, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual -0.27, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual -0.13, estimate -0.115, surprise -13.04%, Miss. Q4 2026, reported Dec 4, 2026: actual —, estimate 0.847, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates107.12M98.2M89.28M80.36MQ4 '21EstimateQ1 '22EstimateQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q4 2021, reported Nov 12, 2021: actual —, estimate 101.22M USD, surprise —, Comparison unavailable. Q1 2022, reported Mar 18, 2022: actual —, estimate 103M USD, surprise —, Comparison unavailable. Q3 2025, reported Aug 5, 2025: actual 85.33M USD, estimate 103M USD, surprise -17.15%, Miss. Q4 2025, reported Nov 5, 2025: actual 86.03M USD, estimate 97.66M USD, surprise -11.91%, Miss. Q1 2026, reported Feb 20, 2026: actual 84.48M USD, estimate 97.66M USD, surprise -13.50%, Miss. Q2 2026, reported May 13, 2026: actual 86.29M USD, estimate 97.66M USD, surprise -11.65%, Miss. Q3 2026, reported Aug 5, 2026: actual 87.53M USD, estimate 89.13M USD, surprise -1.80%, Miss. Q4 2026, reported Dec 4, 2026: actual —, estimate 94.56M USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.8438

2025 complete year0.0% since 2021

2026 partial: $1.3828

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 2, 2026

$0.4609

Quarterly

Record Jul 2, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Apr 6, 2026

$0.4609

Quarterly

Record Apr 6, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Jan 2, 2026

$0.4609

Quarterly

Record Jan 2, 2026 · Payment Jan 15, 2026

Dividend

Ex-dividend Oct 3, 2025

$0.4609

Quarterly

Record Oct 3, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jul 3, 2025

$0.4609

Quarterly

Record Jul 3, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Apr 4, 2025

$0.4609

Quarterly

Record Apr 4, 2025 · Payment Apr 15, 2025

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ETFs holding NHPAP

Funds reporting this stock among their holdings, ordered by reported position size.

Fidelity Real Estate Income ETF logoFidelity Real Estate Income ETFFREI
Market value
6.23M
Weight
0.14%
AUM
21.08M USD
Expense ratio
0.59%
Price / 1D
$24.92-0.04%

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