Symbols / NHPAP Stock $20.98 +0.05% National Healthcare Properties, Inc.

Real Estate • REIT - Healthcare Facilities • United States • NGM
NHPAP (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Healthcare Facilities
CEO Mr. Michael R. Anderson
Exch · Country NGM · United States
Market Cap —
Enterprise Value 1.59B
Income -71.07M
Sales 342.28M
FCF (ttm) 20.37M
Book/sh 21.11
Cash/sh 2.05
Employees 31
Insider 10d —
IPO Dec 09, 2019
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout —
P/E —
Forward P/E —
PEG —
P/S —
P/B 0.99
P/C —
EV/EBITDA 15.30
EV/Sales 4.65
Quick Ratio 0.23
Current Ratio 0.43
Debt/Eq 173.60
LT Debt/Eq —
EPS (ttm) —
EPS next Y —
EPS Growth —
Revenue Growth -3.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) —
Earnings (prior) —
ROA 0.81%
ROE -8.91%
ROIC —
Gross Margin 36.05%
Oper. Margin 10.03%
Profit Margin -16.84%
Shs Outstand —
Shs Float 28.34M
Insider Own 0.00%
Instit Own 10.45%
Short Float —
Short Ratio 0.41
Short Interest 3.32K
52W High 22.17
vs 52W High -5.37%
52W Low 13.42
vs 52W Low 56.33%
Beta 545.59
Impl. Vol. —
Rel Volume 1.21
Avg Volume 8.08K
Volume 9.78K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $20.97
Price $20.98
Change 0.05%
About

National Healthcare Properties, Inc. is a real estate investment trust for U.S. federal income tax purposes. The Company acquires, owns and manages a diversified portfolio of healthcare-related real estate, focused on outpatient medical facilities and senior housing operating properties. As of September 30, 2025, the Company owned 174 properties (including one land parcel and one property classified as held-for-sale) located in 30 states and comprised of 7.3 million rentable square feet. Substantially all the Company's business is conducted through the OP and its wholly owned subsidiaries, including taxable REIT subsidiaries. Prior to the consummation of the Internalization (as defined below) on September 27, 2024, the Company's former advisor, Healthcare Trust Advisors, LLC, managed its day-to-day business with the assistance of its property manager, Healthcare Trust Properties, LLC the former Advisor and Property Manager were under common control with AR Global Investments, LLC, and these related parties received compensation and fees for providing services to the Company. See the Internalization section in this Note for additional information. As of September 30, 2025, the Company owned 40 (including one property classified as held-for-sale) SHOPs using the REIT Investment Diversification and Empowerment Act of 2007 structure in its SHOP segment. Under RIDEA, a REIT may lease (qualified healthcare properties) on an arm's length basis to a TRS if the property is operated on behalf of such subsidiary by a person who qualifies as an eligible independent contractor. As of September 30, 2025, the Company had four eligible independent contractors operating 39 SHOPs. The Company has two operating and reportable business segments (OMFs and Shops). All the Company's properties across both business segments are located throughout the United States. In its OMF operating segment, the Company owns, manages and leases single and multi-tenant OMFs where tenants are generally required to pay their pro rata share of property operating expenses, which may be subject to expense exclusions and floors, in addition to base rent. The Property Manager or third-party managers manage the Company's OMFs. National Healthcare Properties, Inc. was incorporated in 2012 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$20.98
Latest analyst target
3. DCF / Fair value
—
Simplified FCF or EPS-based estimate
Ratings
Current target
$20.98
Low
—
High
—
Mean
—
News
RSS: Latest NHPAP news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-05-23 ANDERSON MICHAEL RAY Chief Executive Officer — 90,201 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
342.28
-3.25%
353.79
+2.27%
345.93
+3.00%
335.85
Operating Revenue
342.28
-3.25%
353.79
+2.27%
345.93
+3.00%
335.85
Cost Of Revenue
218.90
-1.15%
221.45
+1.68%
217.79
+2.04%
213.44
Reconciled Cost Of Revenue
218.90
-1.15%
221.45
+1.68%
217.79
+1.74%
214.07
Gross Profit
123.38
-6.77%
132.34
+3.28%
128.13
+4.68%
122.40
Operating Expense
102.45
-18.50%
125.71
-1.27%
127.33
+2.10%
124.70
Selling General And Administration
24.19
+7.80%
22.44
+18.55%
18.93
+9.49%
17.29
General And Administrative Expense
24.19
+7.80%
22.44
+18.55%
18.93
+9.49%
17.29
Other Gand A
24.19
+7.80%
22.44
+18.55%
18.93
+9.49%
17.29
Other Operating Expenses
—
19.20
-24.77%
25.53
+0.69%
25.35
Total Expenses
321.35
-7.44%
347.16
+0.59%
345.12
+2.06%
338.15
Operating Income
20.93
+215.59%
6.63
+723.85%
0.81
+134.97%
-2.30
Total Operating Income As Reported
3.30
+102.67%
-123.54
-2507.45%
-4.74
+84.98%
-31.54
EBITDA
82.02
+324.79%
-36.49
-147.46%
76.87
+41.35%
54.38
Normalized EBITDA
99.46
+8.41%
91.75
+8.69%
84.41
+5.79%
79.79
Reconciled Depreciation
78.26
-6.91%
84.07
+1.44%
82.87
+1.76%
81.44
EBIT
3.76
+103.12%
-120.55
-1909.57%
-6.00
+78.33%
-27.68
Total Unusual Items
-17.45
+86.40%
-128.24
-1601.21%
-7.54
+70.33%
-25.41
Total Unusual Items Excluding Goodwill
-17.45
+86.40%
-128.24
-1601.21%
-7.54
+70.33%
-25.41
Special Income Charges
-45.17
+67.52%
-139.09
-2564.01%
-5.22
+82.07%
-29.11
Other Special Charges
-0.26
-100.24%
106.26
—
—
Impairment Of Capital Assets
44.91
+80.52%
24.88
+432.10%
4.68
-83.08%
27.63
Restructuring And Mergern Acquisition
0.52
-93.51%
7.95
+1358.53%
0.55
-63.27%
1.48
Net Income
-57.62
+69.62%
-189.70
-162.38%
-72.30
+9.04%
-79.49
Pretax Income
-57.52
+69.72%
-190.00
-163.61%
-72.08
+9.25%
-79.42
Net Non Operating Interest Income Expense
-61.01
+10.80%
-68.40
-4.67%
-65.34
-26.36%
-51.71
Interest Expense Non Operating
61.28
-11.76%
69.45
+5.10%
66.08
+27.71%
51.74
Net Interest Income
-61.01
+10.80%
-68.40
-4.67%
-65.34
-26.36%
-51.71
Interest Expense
61.28
-11.76%
69.45
+5.10%
66.08
+27.71%
51.74
Interest Income Non Operating
0.27
-74.12%
1.05
+43.19%
0.73
+2618.52%
0.03
Interest Income
0.27
-74.12%
1.05
+43.19%
0.73
+2618.52%
0.03
Other Income Expense
-17.45
+86.40%
-128.24
-1601.21%
-7.54
+70.33%
-25.41
Gain On Sale Of Security
27.73
+155.53%
10.85
+568.32%
-2.32
-162.47%
3.71
Tax Provision
0.16
-38.55%
0.26
-13.53%
0.30
+50.75%
0.20
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-3.66
+86.40%
-26.93
-1601.21%
-1.58
+70.33%
-5.34
Net Income Including Noncontrolling Interests
-57.69
+69.68%
-190.26
-162.87%
-72.38
+9.09%
-79.62
Net Income From Continuing Operation Net Minority Interest
-57.62
+69.62%
-189.70
-162.38%
-72.30
+9.04%
-79.49
Net Income From Continuing And Discontinued Operation
-57.62
+69.62%
-189.70
-162.38%
-72.30
+9.04%
-79.49
Net Income Continuous Operations
-57.69
+69.68%
-190.26
-162.87%
-72.38
+9.09%
-79.62
Minority Interests
0.06
-88.71%
0.57
+591.46%
0.08
-39.26%
0.14
Normalized Income
-43.84
+50.40%
-88.39
-33.23%
-66.34
-11.66%
-59.42
Net Income Common Stockholders
-71.07
+65.08%
-203.50
-136.36%
-86.10
+7.71%
-93.28
Diluted NI Availto Com Stockholders
-71.07
+65.08%
-203.50
-136.36%
-86.10
+7.71%
-93.28
Depreciation Amortization Depletion Income Statement
78.26
-6.91%
84.07
+1.44%
82.87
+0.99%
82.06
Depreciation And Amortization In Income Statement
78.26
-6.91%
84.07
+1.44%
82.87
+0.99%
82.06
Preferred Stock Dividends
13.45
-2.56%
13.80
+0.00%
13.80
+0.00%
13.80
Line Item Trend 2023-12-31
Total Assets
2,145.16
Current Assets
117.64
Cash Cash Equivalents And Short Term Investments
46.41
Cash And Cash Equivalents
46.41
Receivables
26.32
Accounts Receivable
26.32
Other Receivables
—
Prepaid Assets
—
Restricted Cash
44.91
Assets Held For Sale Current
—
Total Non Current Assets
2,027.52
Net PPE
7.71
Gross PPE
7.71
Other Properties
7.71
Goodwill And Other Intangible Assets
293.30
Non Current Deferred Assets
16.00
Other Non Current Assets
35.78
Total Liabilities Net Minority Interest
1,244.58
Current Liabilities
419.38
Payables And Accrued Expenses
51.85
Payables
51.85
Accounts Payable
48.36
Dividends Payable
3.50
Current Debt And Capital Lease Obligation
361.03
Current Debt
361.03
Current Deferred Liabilities
6.50
Current Deferred Revenue
6.50
Total Non Current Liabilities Net Minority Interest
825.20
Long Term Debt And Capital Lease Obligation
817.03
Long Term Debt
809.00
Long Term Capital Lease Obligation
8.04
Other Non Current Liabilities
8.16
Stockholders Equity
894.15
Common Stock Equity
894.08
Capital Stock
1.19
Common Stock
1.11
Preferred Stock
0.08
Share Issued
111.55
Ordinary Shares Number
111.55
Treasury Shares Number
0.00
Additional Paid In Capital
2,509.30
Retained Earnings
-1,639.80
Gains Losses Not Affecting Retained Earnings
23.46
Minority Interest
6.43
Other Equity Adjustments
23.46
Total Equity Gross Minority Interest
900.58
Total Capitalization
1,703.15
Working Capital
-301.74
Invested Capital
2,064.10
Total Debt
1,178.06
Net Debt
1,123.61
Capital Lease Obligations
8.04
Net Tangible Assets
600.86
Tangible Book Value
600.78
Derivative Product Liabilities
—
Financial Assets
28.37
Investment Properties
1,646.36
Line Of Credit
361.03
Preferred Shares Number
7.61
Preferred Stock Equity
0.08
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
6.95
+108.71%
-79.85
-469.25%
21.62
-23.58%
28.30
Cash Flow From Continuing Operating Activities
6.95
+108.71%
-79.85
-469.25%
21.62
-23.58%
28.30
Net Income From Continuing Operations
-57.69
+69.68%
-190.26
-162.87%
-72.38
+9.09%
-79.62
Depreciation Amortization Depletion
78.26
-6.91%
84.07
+1.44%
82.87
+1.76%
81.44
Depreciation
78.26
-6.91%
84.07
+1.44%
82.87
+0.99%
82.06
Amortization Cash Flow
—
-1.43
-60.45%
-0.89
-42.40%
-0.62
Depreciation And Amortization
78.26
-6.91%
84.07
+1.44%
82.87
+1.76%
81.44
Amortization Of Intangibles
—
-1.43
-60.45%
-0.89
-42.40%
-0.62
Other Non Cash Items
9.94
+12.31%
8.85
-22.96%
11.48
+120.15%
5.22
Stock Based Compensation
3.77
+514.36%
0.61
-33.30%
0.92
-22.45%
1.19
Asset Impairment Charge
44.91
+80.52%
24.88
+432.10%
4.68
-84.81%
30.79
Deferred Tax
1.71
-28.62%
2.40
+105.75%
1.17
-57.64%
2.75
Deferred Income Tax
1.71
-28.62%
2.40
+105.75%
1.17
-57.64%
2.75
Operating Gains Losses
-28.33
-127.34%
-12.46
-563.53%
-1.88
+42.85%
-3.29
Gain Loss On Investment Securities
-28.07
-132.60%
-12.07
-542.65%
-1.88
+42.85%
-3.29
Change In Working Capital
-45.62
-2300.82%
2.07
+139.61%
-5.23
+48.57%
-10.18
Change In Receivables
-2.04
-188.91%
2.30
+768.31%
-0.34
+77.41%
-1.52
Changes In Account Receivables
-3.40
-209.89%
3.09
+338.72%
0.70
—
Change In Prepaid Assets
3.69
+161.32%
-6.02
-8.51%
-5.55
-82.77%
-3.04
Change In Payables And Accrued Expense
-41.22
-358.84%
15.93
+395.03%
3.22
+210.02%
-2.92
Change In Payable
-41.22
-358.84%
15.93
+395.03%
3.22
+210.02%
-2.92
Change In Account Payable
-41.22
-358.84%
15.93
+395.03%
3.22
+210.02%
-2.92
Change In Other Working Capital
-6.05
+40.27%
-10.13
-296.01%
-2.56
+5.05%
-2.69
Investing Cash Flow
69.81
+9.12%
63.97
+201.84%
-62.82
-50.34%
-41.78
Cash Flow From Continuing Investing Activities
69.81
+9.12%
63.97
+201.84%
-62.82
-50.34%
-41.78
Capital Expenditure
-28.73
-31.12%
-21.91
+2.18%
-22.40
+19.99%
-27.99
Capital Expenditure Reported
-28.73
-31.12%
-21.91
+2.18%
-22.40
+19.99%
-27.99
Net Investment Purchase And Sale
-1.38
+19.31%
-1.71
+82.84%
-9.96
0.00
Purchase Of Investment
-1.38
+19.31%
-1.71
+82.84%
-9.96
0.00
Financing Cash Flow
-42.40
-3047.74%
-1.35
-102.41%
55.97
+1105.49%
4.64
Cash Flow From Continuing Financing Activities
-42.40
-3047.74%
-1.35
-102.41%
55.97
+1105.49%
4.64
Net Issuance Payments Of Debt
-22.59
-278.77%
12.64
-82.69%
73.01
+258.93%
20.34
Issuance Of Debt
336.00
+802.57%
37.23
-86.45%
274.75
+815.83%
30.00
Repayment Of Debt
-358.59
-1358.21%
-24.59
+87.81%
-201.74
-1988.42%
-9.66
Long Term Debt Issuance
336.00
+1010.12%
30.27
-87.39%
240.00
0.00
Long Term Debt Payments
-358.59
-1358.21%
-24.59
+87.81%
-201.74
-2928.23%
-6.66
Net Long Term Debt Issuance
-22.59
-497.97%
5.68
-85.16%
38.26
+674.29%
-6.66
Short Term Debt Issuance
0.00
-100.00%
6.96
-79.97%
34.75
+15.83%
30.00
Short Term Debt Payments
—
-5.77
+97.12%
-200.60
-6591.19%
-3.00
Net Short Term Debt Issuance
0.00
-100.00%
6.96
-79.97%
34.75
+28.69%
27.00
Net Common Stock Issuance
—
—
—
0.00
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
—
—
—
0.00
Cash Dividends Paid
-13.45
+2.57%
-13.80
+0.01%
-13.80
-0.01%
-13.80
Repurchase Of Capital Stock
-5.42
0.00
0.00
+100.00%
-0.04
Net Other Financing Charges
-0.94
-412.50%
-0.18
+94.31%
-3.24
-74.35%
-1.86
Changes In Cash
34.36
+299.51%
-17.22
-216.53%
14.78
+267.10%
-8.84
Beginning Cash Position
74.09
-18.86%
91.32
+19.31%
76.54
-10.36%
85.38
End Cash Position
108.45
+46.37%
74.09
-18.86%
91.32
+19.31%
76.54
Free Cash Flow
-21.77
+78.60%
-101.75
-13063.52%
-0.77
-355.96%
0.30
Interest Paid Supplemental Data
54.02
-11.50%
61.04
-4.21%
63.72
+41.47%
45.04
Income Tax Paid Supplemental Data
—
0.42
-8.37%
0.45
-19.79%
0.57
Issuance Of Capital Stock
—
—
0.00
0.00
Net Investment Properties Purchase And Sale
99.91
+14.07%
87.59
+387.57%
-30.46
-120.89%
-13.79
Net Preferred Stock Issuance
-5.42
0.00
0.00
+100.00%
-0.04
Preferred Stock Dividend Paid
-13.45
+2.57%
-13.80
+0.01%
-13.80
-0.01%
-13.80
Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Payments
-5.42
0.00
0.00
+100.00%
-0.04
Purchase Of Investment Properties
-0.25
+95.54%
-5.61
+84.10%
-35.26
-38.07%
-25.54
Sale Of Investment Properties
100.16
+7.47%
93.19
+1840.35%
4.80
-59.12%
11.75
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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