secwatch.observer — SEC 8-K summary
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Issuer:     National Healthcare Properties, Inc. (NHP)
CIK:        0001561032
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001561032-26-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561032/000156103226000010/0001561032-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561032/000156103226000010/hct-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001561032-26-000010

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