National Healthcare Properties
Owns U.S. senior housing and outpatient medical facilities.
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Profile
Owns U.S. senior-housing communities and outpatient medical facilities through SHOP and OMF. As a self-managed REIT, it is increasing its emphasis on needs-based, private-pay senior housing.
Owns and manages U.S. healthcare real estate through Senior Housing Operating Properties (SHOP) and Outpatient Medical Facilities (OMF). SHOP consists of senior-housing communities, while OMF includes outpatient medical facilities.
Operates as a self-managed REIT after bringing advisory and property-management functions in-house. Management is increasing its emphasis on needs-based, private-pay senior housing and operator relationships.
This is a reweighting of existing segments rather than the creation of a new line. Both remain current reportable segments. A proposed OMF portfolio sale remained subject to closing conditions, so the portfolio continues to reflect both business lines. The current common stock trades on Nasdaq.
Company facts
Key statistics
Year to date +34.0% · Average volume (30d) 562.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Robert W. Baird | Target | $17 | $18 | |
| Aug 17, 2026 | RBC Capital | Reiterate | Sector Perform | $15 | $17 |
| Jul 15, 2026 | Wells Fargo | Reiterate | Overweight | $16 | $17 |
| May 28, 2026 | National Bank | Target | $17 | $18 | |
| May 18, 2026 | Wells Fargo | Target | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.12 | −$0.13 | −13.0% | $89.1M | $87.5M | −1.8% | +4.99% |
| May 13, 2026Q1 FY26 | — | −$0.27 | — | — | $86.3M | — | +9.80% |
Financial highlights
| 7 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $86.4M | $85.3M | $86.0M | $84.5M | $86.3M | $87.5M | |
| Gross profit | $28.9M | $31.5M | $32.2M | $31.5M | $33.4M | −$2.2M | |
| Operating income | $13.0M | −$5.5M | $2.4M | −$6.6M | $10.2M | $8.9M | |
| Net income | −$1.6M | −$20.8M | −$12.6M | −$22.7M | −$4.3M | −$5.4M | |
| Diluted EPS | −$0.18 | −$0.85 | −$0.56 | −$0.92 | −$0.27 | −$0.13 | |
| Gross margin | 33.4% | 36.9% | 37.4% | 37.2% | 38.7% | -2.5% | |
| Operating margin | 15.1% | -6.5% | 2.8% | -7.8% | 11.8% | 10.2% |
Fiscal years (4-quarter sums)FY25 $342.3M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $302.4M · Total debt $861.0M · Total assets $1.98B · Shareholders' equity $1.05B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 30 | $0.075 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 16.87M · Float 7.01M · 41.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Principal Financial Group Inc | 4.93M | 29.21% | 13F | Aug 4, 2026 |
| AllianceBernstein L.P. | 4.89M | 29.01% | 13F | Aug 14, 2026 |
| Prudential Financial Inc | 4.50M | 26.70% | 13F | Aug 12, 2026 |
| Duff & Phelps Investment Management Co | 4.13M | 24.48% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 3.84M | 22.75% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Welltower
Large overlap in senior housing and outpatient medical real estate
- Ventas
Overlaps in SHOP senior housing and outpatient medical real estate
- Healthpeak Properties
Outpatient medical and senior-housing real-estate overlap
- Community Healthcare Trust
U.S. outpatient-healthcare real-estate overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National Healthcare Properties | $16.06 | −0.12% | $270.9M | — | 19.7 | 0.8 | — |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| Healthpeak Properties | $20.79 | −0.79% | $14.45B | 59.9 | 101.1 | 4.9 | +8.0% |
| Community Healthcare Trust | $14.96 | +0.22% | $427.1M | 22.3 | 36.4 | 3.4 | +2.8% |
| Median | 92.9 | 94.1 | 5.9 | +14.9% |