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Stocks · Real estate · Real Estate Investment Trusts

National Healthcare Properties, Inc.

NHP Clue Score46
United States Fiscal year ends December CIK 0001561032
$15.55 +2.34% Close, 9 Oct 2026
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Price $15.55 +4.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Apr 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue302.6Operating income−3.3Net income−20.9Fiscal year 2017Revenue311.2 +2.8%Operating income−12.2Net income−42.5Fiscal year 2018Revenue362.4 +16.5%Operating income−3.2Net income−52.8Fiscal year 2019Revenue374.9 +3.5%Operating income−31.8Net income−88.1EPS, diluted−0.88Fiscal year 2020Revenue381.6 +1.8%Operating income−19.9Net income−75.5EPS, diluted−0.74Fiscal year 2021Revenue329.4 −13.7%Operating income−37.4Net income−85.4EPS, diluted−0.82Fiscal year 2022Revenue335.8 +2.0%Operating income−31.5Net income−79.6EPS, diluted−3.30Fiscal year 2023Revenue345.9 +3.0%Operating income−4.7Net income−72.4EPS, diluted−3.04Fiscal year 2024Revenue353.8 +2.3%Operating income−123.5Net income−190.3EPS, diluted−7.19Fiscal year 2025Revenue342.3 −3.3%Operating income3.3Net income−57.7EPS, diluted−2.51
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 302.6 311.2 362.4 374.9 381.6 329.4 335.8 345.9 353.8 342.3
Growth +2.8% +16.5% +3.5% +1.8% −13.7% +2.0% +3.0% +2.3% −3.3%
Operating income −3.3 −12.2 −3.2 −31.8 −19.9 −37.4 −31.5 −4.7 −123.5 3.3
Net income −20.9 −42.5 −52.8 −88.1 −75.5 −85.4 −79.6 −72.4 −190.3 −57.7
Growth
EPS, diluted n/a n/a n/a −0.88 −0.74 −0.82 −3.30 −3.04 −7.19 −2.51

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin43.1%Operating margin−1.1%Net margin−6.9%Free cash flow margin23.5%Fiscal year 2017Gross margin40.1%Operating margin−3.9%Net margin−13.7%Free cash flow margin17.9%Fiscal year 2018Gross margin39.0%Operating margin−0.9%Net margin−14.6%Free cash flow margin11.4%Fiscal year 2019Gross margin37.5%Operating margin−8.5%Net margin−23.5%Free cash flow margin8.2%Fiscal year 2020Gross margin36.2%Operating margin−5.2%Net margin−19.8%Fiscal year 2021Gross margin37.5%Operating margin−11.4%Net margin−25.9%Fiscal year 2022Gross margin36.4%Operating margin−9.4%Net margin−23.7%Fiscal year 2023Gross margin37.0%Operating margin−1.4%Net margin−20.9%Fiscal year 2024Gross margin37.4%Operating margin−34.9%Net margin−53.8%Fiscal year 2025Gross margin36.0%Operating margin1.0%Net margin−16.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 43.1% 40.1% 39.0% 37.5% 36.2% 37.5% 36.4% 37.0% 37.4% 36.0%
Operating margin −1.1% −3.9% −0.9% −8.5% −5.2% −11.4% −9.4% −1.4% −34.9% 1.0%
Net margin −6.9% −13.7% −14.6% −23.5% −19.8% −25.9% −23.7% −20.9% −53.8% −16.9%
Free cash flow margin 23.5% 17.9% 11.4% 8.2% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow78.7Capital expenditure−7.5Free cash flow71.2Buybacks−12.2Dividends paid−75.4Fiscal year 2017Operating cash flow64.0Capital expenditure−8.3Free cash flow55.7 −21.8%Buybacks−33.6Dividends paid−76.7Fiscal year 2018Operating cash flow54.2Capital expenditure−12.9Free cash flow41.2 −25.9%Buybacks−14.2Dividends paid−55.3Fiscal year 2019Operating cash flow47.4Capital expenditure−16.7Free cash flow30.7 −25.6%Buybacks−21.1Dividends paid−51.4Fiscal year 2020Operating cash flow41.8Buybacks−10.5Dividends paid−31.4Fiscal year 2021Operating cash flow38.9Buybacks0.0Dividends paid0.0Fiscal year 2022Operating cash flow28.3Buybacks0.0Dividends paid0.0Fiscal year 2023Operating cash flow21.6Fiscal year 2024Operating cash flow−79.8Fiscal year 2025Operating cash flow7.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 78.7 64.0 54.2 47.4 41.8 38.9 28.3 21.6 −79.8 7.0
Capital expenditure −7.5 −8.3 −12.9 −16.7 n/a n/a n/a n/a n/a n/a
Free cash flow 71.2 55.7 41.2 30.7 n/a n/a n/a n/a n/a n/a
Growth −21.8% −25.9% −25.6%
Buybacks −12.2 −33.6 −14.2 −21.1 −10.5 0.0 0.0 n/a n/a n/a
Dividends paid −75.4 −76.7 −55.3 −51.4 −31.4 0.0 0.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash29.2Shareholders’ equity1,495.5Fiscal year 2017Cash94.2Shareholders’ equity1,347.6Fiscal year 2018Cash77.3Shareholders’ equity1,233.1Fiscal year 2019Cash95.7Shareholders’ equity1,101.3Fiscal year 2020Cash72.4Shareholders’ equity957.0Fiscal year 2021Cash59.7Shareholders’ equity1,033.7Fiscal year 2022Cash53.7Shareholders’ equity992.6Fiscal year 2023Cash46.4Shareholders’ equity894.2Fiscal year 2024Cash21.7Shareholders’ equity684.6Fiscal year 2025Cash57.6Shareholders’ equity600.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.2 94.2 77.3 95.7 72.4 59.7 53.7 46.4 21.7 57.6
Shareholders’ equity 1,495.5 1,347.6 1,233.1 1,101.3 957.0 1,033.7 992.6 894.2 684.6 600.1

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
43.1% 40.1% 39.0% 37.5% 36.2% 37.5% 36.4% 37.0% 37.4% 36.0%
−1.1% −3.9% −0.9% −8.5% −5.2% −11.4% −9.4% −1.4% −34.9% 1.0%
−7.6% −13.5% −14.6% −23.4% −18.7% −25.9% −23.6% −20.8% −53.7% −16.8%
−6.9% −13.7% −14.6% −23.5% −19.8% −25.9% −23.7% −20.9% −53.8% −16.9%
23.5% 17.9% 11.4% 8.2% n/a n/a n/a n/a n/a n/a
Spending
4.0% 5.0% 4.8% 5.5% 5.7% 5.1% 5.1% 5.5% 6.3% 7.1%
2.5% 2.7% 3.6% 4.5% n/a n/a n/a n/a n/a n/a
Returns
−1.4% −3.2% −4.3% −8.0% −7.9% −8.3% −8.0% −8.1% −27.8% −9.6%
−1.0% −1.8% −2.2% −3.8% −3.3% −3.9% −3.7% −3.4% −9.8% −3.4%
Balance and payout
31.4% 42.8% 47.8% 52.4% 58.0% 53.0% 54.2% 58.0% 64.5% 64.7%
123.0% 198.1% 168.6% 236.4% n/a n/a n/a n/a n/a n/a