National Healthcare Properties, Inc.

National Healthcare Properties, Inc. (NHPAP) reported a net loss of $57.7 million for fiscal year 2025, with a net loss attributable to common stockholders of $71.1 million. Revenue from tenants was $342.3 million, but total expenses of $366.8 million resulted in an operating loss before gain on sale of real estate investments of $24.5 million. A $27.8 million gain on sale of real estate investments brought operating income to $3.3 million, but significant interest expense of $61.3 million contributed to the overall net loss. The company generated positive operating cash flow of $7.0 million and had $7.6 million in cash and cash equivalents at year-end. Total assets stood at $1.71 billion with total liabilities of $1.11 billion, resulting in stockholders' equity of $600.1 million. The company reported impairment charges of $44.9 million during the year.

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