secwatch.observer — SEC 8-K summary
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Issuer:     National Healthcare Properties, Inc. (NHP)
CIK:        0001561032
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001104659-23-124312
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Trust Q3 MOB NOI up 2.1%; SHOP revenue up 3.4%; adds $12.6M pipeline
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- MOB NOI rose 2.1% to $24.3M in Q3'23 from $23.8M in Q3'22; SHOP revenue increased 3.4% to $52M from $50M.
- YTD lease renewal rental spread of 7.8% across 355,769 SF; Q3 renewal spread 10.7% on 148,269 SF.
- Total YTD closed and pipeline acquisitions $47.6M at avg 7.0% cap rate and 11.7-yr WALT.
- Terminated SHOP operator contract for 20 assets; new operator transition expected Q4 2023.
- Net Leverage 39.4%; total debt $1.17B; cash $51M; nearly 100% MOB cash rent collected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561032/000110465923124312/0001104659-23-124312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561032/000110465923124312/tm2332363d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-124312

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