---
schema_version: "secwatch.filing_event.v1"
accession: "0001561032-26-000010"
form_type: "8-K"
ticker: "NHP"
cik: "0001561032"
company_name: "National Healthcare Properties, Inc."
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:27:21.427557+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# National Healthcare Properties posts Q4 net loss $(0.92)/share; Normalized FFO down 12.8% YoY

## Summary
- Q4 net loss to common stockholders $(0.92)/share; Normalized FFO $0.20/share.
- Same Store Cash NOI grew 9.8% YoY; SHOP segment up 26.5%, OMF up 1.9%.
- Full year 2025 net loss $(2.51)/share; Normalized FFO $0.83/share (+162.7% YoY).
- Entered $400M unsecured revolver and $150M term loan, replacing $330M secured term loan.
- Net leverage improved to 9.2x from 10.3x; disposed $202.5M in non-core assets in 2025.

## SEC filing metadata
- accession: 0001561032-26-000010
- form_type: 8-K
- ticker: NHP
- cik: 0001561032
- company_name: National Healthcare Properties, Inc.
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561032/000156103226000010/0001561032-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561032/000156103226000010/hct-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001561032-26-000010
- JSON: https://secwatch.observer/filing/0001561032-26-000010.json
- Plain text: https://secwatch.observer/filing/0001561032-26-000010.txt

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