earnings
confidence high
sentiment positive
materiality 0.75
NHP Q4 AFFO surges 576% to $0.28/sh; net leverage drops to 10.2x; completes 26 asset sales
National Healthcare Properties, Inc.
2024-FY EPS reported
-$7.19
revenue$353,794,000
- AFFO per diluted share $0.28 in Q4 vs $0.04 prior year; full-year AFFO $0.55 (+41% YoY).
- Same-store Cash NOI +10% YoY in Q4; SHOP occupancy rose to 80.9% from 75.7% a year ago.
- Completed internalization of management, securing >$25M annual cost savings; engaged BMO for public listing prep.
- Sold 26 assets for $232.6M at 6.9% cap rate through Feb 2025; pipeline 8 assets for $38M.
- All debt fixed-rate/hedged at 5.0% economic rate; $720M maturing in 2026 being addressed.