secwatch.observer — SEC 8-K summary
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Issuer:     National Healthcare Properties, Inc. (NHP)
CIK:        0001561032
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001104659-24-066657
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HTI Q1 2024: MOB NOI up 3.4% QoQ, SHOP NOI up 23.5%, acquires $12.6M MOB portfolio
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- MOB NOI $24.9M (Q1'24) vs $24.1M (Q4'23), +3.4% QoQ; SHOP NOI $8.3M vs $6.7M, +23.5% QoQ.
- Acquired four-property MOB portfolio for $12.6M at 7.6% cap rate, weighted avg lease term 14.5 years.
- Leasing: 16 renewals over 33k SF at 11.9% positive spread; forward pipeline 25.7k SF expected to lift MOB occupancy to 91.0%.
- SHOP occupancy improved to 75.3% from 74.1% QoQ; collected ~100% of MOB cash rent.
- Net leverage 44.4%; economic interest rate on debt 5.0%; cash $29M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561032/000110465924066657/0001104659-24-066657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561032/000110465924066657/tm2415989d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-066657

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer