---
schema_version: "secwatch.filing_event.v1"
accession: "0001561032-25-000010"
form_type: "8-K"
ticker: "NHP"
cik: "0001561032"
company_name: "National Healthcare Properties, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T23:09:17.353499+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHP Q4 AFFO surges 576% to $0.28/sh; net leverage drops to 10.2x; completes 26 asset sales

## Summary
- 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.

## SEC filing metadata
- accession: 0001561032-25-000010
- form_type: 8-K
- ticker: NHP
- cik: 0001561032
- company_name: National Healthcare Properties, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561032/000156103225000010/0001561032-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561032/000156103225000010/hct-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001561032-25-000010
- JSON: https://secwatch.observer/filing/0001561032-25-000010.json
- Plain text: https://secwatch.observer/filing/0001561032-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.