earnings
confidence high
sentiment positive
materiality 0.60
Healthcare Trust 2023 MOB NOI $97.5M (+2.1%), SHOP NOI $30.6M (+36.6%)
National Healthcare Properties, Inc.
2024-Q1 EPS reported
-$0.17
revenue$88,299,000
- MOB portfolio NOI rose 2.1% to $97.5M in 2023; SHOP Adjusted NOI up 36.6% to $30.6M.
- Q4 lease renewals: 71k SF at 11.1% spread over 5.2-yr WALT; forward pipeline 26.6k SF.
- Acquired 11 MOB properties in 2023/2024 for $47.6M at 7.0% weighted avg cap rate.
- MOB occupancy 90.6%, SHOP occupancy 74.1%; collected ~100% of MOB cash rent in Q4.
- Net leverage 43.7%, cash $46M; Fannie Mae facilities capped at 3.5% SOFR.