National Healthcare Properties, Inc. (NHPAP) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, National Healthcare Properties reported revenue of $342.3M, down 3.3% from $353.8M the year before. Net income was -$57.6M (a -16.8% net margin), or -$2.51 per diluted share. Gross margin was 36.0% and operating margin was 1.0%. Operating activities generated $7.0M of cash. At fiscal year end, National Healthcare Properties held $1.71B in total assets against $1.11B in total liabilities, including $57.6M of cash and equivalents.
Open the full interactive National Healthcare Properties financials → Quarterly statements, key ratios, valuation history and price charts.
National Healthcare Properties Key Stats
| Share Price | $15.51 |
|---|---|
| Market Cap | $955.4M |
| Revenue YoY Growth | -3.2% |
| 52-Week Range | $11.88 – $17.00 |
| Shares Outstanding | 61.6 million (basic, 2026 Q2) |
National Healthcare Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $381.6M | $329.4M | $335.8M | $345.9M | $353.8M | $342.3M |
| Gross Profit | $138.1M | $123.5M | $122.4M | $128.1M | $132.6M | $123.4M |
| Operating Income | -$19.9M | -$37.4M | -$31.5M | -$4.7M | -$123.5M | $3.3M |
| Pre-Tax Income | -$71.4M | -$85.2M | -$79.4M | -$72.1M | -$190.0M | -$57.5M |
| Income Tax | $4.1M | $203,000 | $201,000 | $303,000 | $262,000 | $161,000 |
| Net Income | -$20.7M | -$85.2M | -$79.5M | -$72.3M | -$189.7M | -$57.6M |
| Diluted EPS | -$0.83 | -$0.92 | -$0.88 | -$0.76 | -$7.19 | -$2.51 |
National Healthcare Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $86.0M | $84.5M | $86.3M | $87.5M |
| Net Income | -$12.6M | -$22.7M | -$4.3M | -$5.4M |
| Diluted EPS | -$0.56 | -$0.80 | -$0.27 | -$0.13 |
National Healthcare Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $72.4M | $59.7M | $53.7M | $46.4M | $21.7M | $57.6M |
| Total Assets | $2.29B | $2.21B | $2.18B | $2.15B | $1.95B | $1.71B |
| Total Long-Term Debt | $1.22B | $1.09B | $1.11B | $1.17B | $1.14B | $1.05B |
| Total Liabilities | $1.33B | $1.17B | $1.18B | $1.24B | $1.26B | $1.11B |
| Shareholders' Equity | $957.0M | $1.03B | $992.6M | $894.2M | $684.6M | $600.1M |
National Healthcare Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $41.8M | $38.9M | $28.3M | $21.6M | -$79.8M | $7.0M |
| Cash From Investing | -$82.5M | -$47.9M | -$41.8M | -$62.8M | $64.0M | $69.8M |
| Cash From Financing | $19.4M | $4.1M | $4.6M | $56.0M | -$1.3M | -$42.4M |
Figures from National Healthcare Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National Healthcare Properties financials page for every line item.
National Healthcare Properties Company Profile
| Ticker | NHPAP |
|---|---|
| Exchange | Nasdaq, OTC |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001561032 |
Frequently Asked Questions
What was National Healthcare Properties' revenue in fiscal 2025?
National Healthcare Properties (NHPAP) reported revenue of $342.3M for fiscal 2025.
What is National Healthcare Properties' annual revenue history?
National Healthcare Properties' annual revenue by fiscal year: 2020: $381.6M; 2021: $329.4M; 2022: $335.8M; 2023: $345.9M; 2024: $353.8M; 2025: $342.3M.
What was National Healthcare Properties' net income in fiscal 2025?
National Healthcare Properties reported net income of -$57.6M for fiscal 2025.
What was National Healthcare Properties' earnings per share (EPS) in fiscal 2025?
National Healthcare Properties' diluted EPS was -$2.51 for fiscal 2025 (adjusted for any later stock splits).
What was National Healthcare Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), National Healthcare Properties reported revenue of $87.5M.
How much debt does National Healthcare Properties have?
National Healthcare Properties reported $1.05B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of National Healthcare Properties are outstanding?
National Healthcare Properties reported a weighted average of 61.6 million basic shares outstanding in 2026 Q2.
What is National Healthcare Properties' market cap?
Based on its latest closing price, National Healthcare Properties (NHPAP) has a market capitalization of about $955.4M.
When does National Healthcare Properties' fiscal year end?
National Healthcare Properties' fiscal year end, as registered with the SEC, is December 31.
Where is National Healthcare Properties headquartered?
National Healthcare Properties lists its business address in New York, New York in its SEC filings.