NATIONAL HEALTHCARE PROPERTIES INC (NHP)
Real Estate · Healthcare Real Estate Investment Trust (REIT) — Senior Housing and Medical Office · NASDAQ
A healthcare REIT owning senior housing communities and outpatient medical facilities across the U.S., generating income through resident fees and triple-net leases.
What NATIONAL HEALTHCARE PROPERTIES INC does
National Healthcare Properties is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of healthcare real estate focused on senior housing operating properties (SHOP) and outpatient medical facilities (OMF) across the United States. As of December 31, 2025, the company owned 167 properties in 29 states, including 37 senior housing communities with 3,615 units and 130 outpatient medical facilities with approximately 3.7 million square feet of gross leasable area. The company operates in two reportable segments: SHOP, featuring assisted living, memory care, and independent living communities, and OMF, consisting of physician offices, diagnostic imaging centers, ambulatory surgery centers, and other healthcare-related buildings.
Themes: ["Senior housing / assisted living","Memory care / dementia services","Outpatient medical facilities","Healthcare real estate / medical office","REIT / income-producing properties","Hospital-affiliated healthcare properties"]
Fundamentals
- Price$14.85 as of 2026-07-09 close
- 1-year return+22.8% as of 2026-07-09 close
- Revenue CAGR (3y)+0.6% SEC XBRL
Dividend: 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Operating losses and negative cash flow from net losses attributable to common stockholders; Q1 2026 resulted in net loss per share of $(0.27), reflecting pressure on profitability in SHOP and OMF segments.","High leverage and debt service obligations; total debt of approximately $1.04 billion (mortgage notes, Fannie Mae debt, revolving credit facility, and term loan) against total equity of $596 million exposes the company to refinancing and interest rate risks.","Dependence on skilled property operators for SHOP performance and tenant stability for OMF revenue; the company's income is subject to risks from operator financial distress, high turnover of healthcare tenants, and changes in healthcare delivery models."]
Competitors & peers
- Welltower Inc (WELL)
- Medical Properties Trust (MPW)
- LTC Properties (LTC)
- Healthcare Trust, Inc (HTIA)
- Omega Healthcare Investors (OHI)
- Sabine Healthcare Investors
- Physicians Realty Trust (DOC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.