National Healthcare Properties Inc.

11/05/2025 | Press release | Distributed by Public on 11/05/2025 15:58

National Healthcare Properties Reports Third Quarter 2025 Results (Form 8-K)

National Healthcare Properties Reports Third Quarter 2025 Results
NEW YORK, November 5, 2025 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHPAP /
NHPBP) (the "Company"), a self-managed diversified healthcare real estate investment trust focusing on seniors
housing and outpatient medical facilities, today announced results for the three and nine months ended September
30, 2025.
Michael Anderson, Chief Executive Officer and President, commented, "We are very pleased with the continued
strong momentum of our business across-the-board in the third quarter. The exceptional growth of same store cash
net operating income within the Senior Housing Operating Property segment and the continued durable performance
of the Outpatient Medical Facility segment are laying a solid foundation for our public listing preparation."
Financial Performance and Other Highlights
•Net loss of $(0.56) per basic and diluted share. Nareit defined Funds from Operations ("FFO") of $0.23 per
diluted share, and Adjusted Funds from Operations ("AFFO") of $0.36 per diluted share.
•FFO per share increased 21.1% on a quarter-over-quarter basis.
•AFFO per share increased 12.5% on a quarter-over-quarter basis.
•Third quarter portfolio Same Store Cash Net Operating Income ("NOI") growth was 12.2% year-over-year.
•Senior Housing Operating Property ("SHOP") segment Same Store Cash NOI growth was 27.2%.
•Outpatient Medical Facility ("OMF") segment Same Store Cash NOI growth was 4.7%.
•Third quarter disposition totaled $1.8 million, representing the sale of one non-core SHOP.
Operating Update
SHOP Portfolio
•Year-over-year Same Store Cash NOI growth of 27.2%.
•Quarter-over-quarter Same Store Cash NOI growth of 10.3%.
•Same Store average occupancy totaled 83.7%, an increase of 4.0% on a year-over-year basis.
•Same Store revenue increased 12.0% on a year-over-year basis.
•Same Store Cash NOI Margin totaled 21.5%, an expansion of 2.5% on a year-over-year basis.
OMF Portfolio
•Year-over-year Same Store Cash NOI growth of 4.7%.
•Quarter-over-quarter Same Store Cash NOI decreased by 1.6%.
•Same Store ending occupancy totaled 93.5%, a decrease of 0.4% on a year-over-year basis.
Investment Activity
The Company completed the disposition of one non-core SHOP with a contract sales price of $1.8 million during the
quarter ended September 30, 2025.
Balance Sheet and Capital
As of September 30, 2025, total debt outstanding (net of unamortized debt issuance costs) was $1.0 billion with a
weighted average interest rate of 5.1% (when giving effect to interest rate hedges) and an average remaining term of
3.5 years.
Year-to-date through September 2025, the Company has paid down $83.1 million of debt using proceeds from
dispositions. In April 2025, the Company fully repaid the $21.7 million Capital One OMF Warehouse Facility.
Net Leverage (Net Debt to Annualized Adjusted EBITDA) totaled 8.9x as of September 30, 2025, an improvement
of 0.4x relative to June 30, 2025.
Preferred Stock
On September 19, 2025, the Board of Directors declared dividends on the Company's outstanding preferred stock as
follows:
•A dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred
Stock to holders of record at the close of business on October 3, 2025. The dividend was paid on
October 15, 2025.
•A dividend of $0.4453125 per share on its 7.125% Series B Cumulative Redeemable Perpetual Preferred
Stock to holders of record at the close of business on October 3, 2025. The dividend was paid on
October 15, 2025.
During the nine months ended September 30, 2025, the Company completed the repurchase of $4.5 million of
previously outstanding shares of preferred stock at a weighted average yield of 11.9%, representing a $9.75 discount
to face value and reducing leverage by $2.9 million.
Supplemental Information
Additional information regarding these results can be found in the Company's supplemental financial package that
will be available on the Investor Relations section of the Company's website at nhpreit.com.
About National Healthcare Properties
National Healthcare Properties is a self-managed real estate investment trust focusing on seniors housing and
outpatient medical facilities. The Company's preferred stocks are traded on the Nasdaq Exchange under the tickers
"NHPAP" and "NHPBP". Additional information about the Company can be found on its website at nhpreit.com.
Investor & Media Contact
National Healthcare Properties Inc. published this content on November 05, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 05, 2025 at 21:58 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]