secwatch.observer — SEC 8-K summary
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Issuer:     National Healthcare Properties, Inc. (NHP)
CIK:        0001561032
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001561032-25-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561032/000156103225000010/0001561032-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561032/000156103225000010/hct-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001561032-25-000010

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