other material
confidence high
sentiment neutral
materiality 0.75
Healthcare Trust reports Q2'23 NOI growth; CEO Weil to resign upon planned merger close
National Healthcare Properties, Inc.
- MOB NOI up 1.7% to $24.5M; SHOP NOI up 14.1% to $8.1M year-over-year.
- YTD through Aug 15: 35 lease renewals on 207,577 SF at +5.4% rental spread.
- Net leverage 38.9%; closed/pipeline acquisitions $35M at 7.6% cap rate.
- CEO Michael Weil to resign when Necessity Retail REIT/GNL merger closes; Michael Anderson to take over.
- MOB occupancy 91.5%, SHOP occupancy 73.3%; nearly 100% of MOB cash rent collected in Q2.